Browsing Journal Articles by Title
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Muriithi, Samuel Muiruri (European Journal of Research and Reflection in Management Sciences, 2017)[more][less]
Abstract: Small and medium enterprises (SEMs) are notably the engines that drive economic development. The businesses account for almost 90% of businesses in both leading and developing economies through job creations, employment, tax provision and contribution to Gross Domestic Product (GDP). However, in Africa, besides their critical and positive role, many SMEs face numerous challenges ranging from power shortage, lack of capital, poor management skills and competencies, and inadequate information and corruption. It is notable that most African governments give very little support to SMEs thereby neglecting a vital economic trigger and should form pillars of development. This paper explored the role played by SMEs, their contributions, challenges and solutions. The paper is based on empirical evidence and current research on SMEs worldwide with a major focus on African SMEs and how to improve their operations and profitability. The paper calls for African governments to develop policies favourable to SMEs development and put them in their development agenda. With appropriate legal framework, business infrastructure, continual power supply and accessible financial supply, SMEs stand to contribute to African development and position the continent as a competitive and innovative and create jobs to unemployed communities thereby providing income and essential goods and services the 1.2 billion Africans, forming a huge market URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3613 Files in this item: 1
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Psiwa, Jane Tipitip; Irungu, Dancan Njagi; Muriithi, Samuel Muiruri (Journal of stratetegic management, 2017)[more][less]
Abstract: the study recommends that the national government of Kenya should disburse funds to the county governments regularly and on time, NCG should review their style of leadership to a transformational and consultative style, and that the national government should review the national legislations and policies that govern the operations of county governments Description: Article URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/4170 Files in this item: 1
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Psiwa, Jane Tipitip; Irungu, Dancan Njagi; Muriithi, Samuel Muiruri (Journal of Strategic Management ISSN xxxx-xxxx (Paper) ISSN XXXX-XXX, 2017)[more][less]
Abstract: Purpose: The purpose of this study was to assess challenges facing the implementation of the County Integrated Development Plan (CIDP) in Narok County Government. Methodology: The study utilized a descriptive survey research design. The target population comprised of 10 County Executive Committee Members, 22 County Chief Officers who report to CECs and 62 directorates of the respective functional sections or units of the government in Narok County. The study utilized a census technique of data collection meaning the target population was studied. Results: The major findings of the study were that NCG employees were involved in the formulation of the CIDP, the CIDP had been implemented to a moderate extent, NCG had met less than 50% of the performance targets as well as less than 50% CIDP development projects or interventions, the CIDP of NCG is comprehensive as per the requirements of the constitution of Kenya 2010, NCG indeed experienced financial-related challenges, human resource-related challenges and leadership-related challenges in the process of implementing the CIDP. The findings also revealed that national government policies and legislation and organization culture influenced the implementation of the CIDP. Unique contribution to theory, practice and policy: the study recommends that the national government of Kenya should disburse funds to the county governments regularly and on time, NCG should review their style of leadership to a transformational and consultative style, and that the national government should review the national legislations and policies that govern the operations of county governments. Description: Published Journal Article URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3547 Files in this item: 1
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Odongo, Apline Agina; Wachira, Muturi (International Journal of Psychology, 2016)[more][less]
Abstract: Purpose: The purpose of the study was to assess the effect of motivational strategies on XYZ Company’s performance. Methodology: Descriptive research design was used in carrying out the study in which the target population under study consisted of 75 employees of XYZ Company were sampled. The study then used a stratified sampling method followed by simple random sampling. The research instrument used was a questionnaire. Data collected was analysed using SPSS 20.0 statistical software and findings presented in tabular descriptive frequencies and percentages. Results: The findings implied that motivational strategies affect performance as motivated employees are able to produce quality products, satisfy customer needs leading to increased profitability The study findings also indicated XYZ Company had adopted several motivation strategies which included job design, goal setting, career development and reward systems. Further, descriptive studies also showed that they did not have employee development schemes, modern technology, job security, mentorship and exposure to international processes. Unique contribution to theory, practice and policy: The study provides recommendation that the organization should pursue other motivational strategies which include team work, a flat structure, adoption of modern technology, pool transport, International Benchmarking sessions to expose employees to best practices in the world, work environment and employee coaching and mentorship programs as this is will improve the motivation of staff and a consequence lead to improved performance. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3595 Files in this item: 1
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Muriithi, Samuel Muiruri; Ndegwa, Catherine; Juma, Joy (The International Journal Of Humanities & Social Studies, 2018)[more][less]
Abstract: Small businesses play a vital role towards world economic development as they contribute between 40% to 50% of national Gross Domestic Product (GDP) as well as 70% to 90% of employment. However, besides their critical role, small business failure rate is alarming, ranging between 50% and 95% in their early years of existence. To reverse this trend, business incubators have provided required build capacity to start-up entrepreneurs and innovators thereby assuring their survival and growth. Having their roots in the 1950s and 1960s, business incubators have offered mentorship, skills building, technical support, training, facilities and venture capital. Globally there are over 7,000 incubators concentrating in various fields from science, economics, technology, marketing to business management. The success rate of businesses incubated is evident with 84% of graduates settling permanently in the community where they start businesses. The success rate of incubated businesses is evident in different countries such as New Zealand (87%), United States of America (85%) and Germany (90%) while South Africa and Brazil both have 80% success rate. Besides the success rate of businesses incubated, the failure rate of incubator businesses is alarming being as high as 90%. The failure is associated with lack of professional management, no sustainable growth plans, inappropriate technology and funds misappropriation. However, having played the role of the missing linking between business failure and success, incubators cannot be neglected. The purpose of this paper is to explore the roles of incubators, benefits, challenges and keys for their success. Based on empirical research, this paper gives an overview of the current state of incubators worldwide and their difficulties. The paper concludes with a case study of the National Environment Trust Fund (NETFUND) Incubation Centre which is a government initiative that has successfully support the development and promotion of green enterprises. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3654 Files in this item: 1
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Amata, Evans; Muturi, Willy; Mbewa, Martin (European Journal of Business, Economics and Accountancy, 2016)[more][less]
Abstract: This study examined the relationship between interest rate, inflation and stock market volatility in Kenya using both primary and secondary data. A monthly time series data for a period of 14 years from January 2001 to December 2014 was used to study the relationship. Additionally, 385 Questionnaires were distributed to individual investors to understand investor’s perceptions on the relationship. The vector error correction model was used to analyse time series data for the long run causal relationship between inflation, interest rate and stock market volatility, while the granger causality test was used to analyse the short run relationship. Findings revealed that there was a positive and significant long run relationship between inflation rate and stock market volatility (t-statistic= 5.96). Findings also show a positive and significant short run relationship between inflation and stock market volatility (chi-square value of 13.39 and a p-value of 0.0039). The relationship between interest rate and stock market volatility was found to be negative and weakly significant both in the short run (p-value of 0.0683) and long run (t-statistic of -1.90). Results from investor’s perception revealed that 69% of the respondents agreed that a change in inflation rate causes fluctuation in share prices. Additionally, primary data results show that 75% of the respondents agreed that sudden changes in the interest rate have always caused variations in the stock market returns. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3638 Files in this item: 1
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Amata, Evans; Muturi, Willy; Mbewa, Martin (European Journal of Business, Economics and Accountancy, 2016)
[more][less]Abstract: This study examined the relationship between interest rate, inflation and stock market volatility in Kenya using both primary and secondary data. A monthly time series data for a period of 14 years from January 2001 to December 2014 was used to study the relationship. Additionally, 385 Questionnaires were distributed to individual investors to understand investor’s perceptions on the relationship. The vector error correction model was used to analyse time series data for the long run causal relationship between inflation, interest rate and stock market volatility, while the granger causality test was used to analyse the short run relationship. Findings revealed that there was a positive and significant long run relationship between inflation rate and stock market volatility (t-statistic= 5.96). Findings also show a positive and significant short run relationship between inflation and stock market volatility (chi-square value of 13.39 and a p-value of 0.0039). The relationship between interest rate and stock market volatility was found to be negative and weakly significant both in the short run (p-value of 0.0683) and long run (t-statistic of -1.90). Results from investor’s perception revealed that 69% of the respondents agreed that a change in inflation rate causes fluctuation in share prices. Additionally, primary data results show that 75% of the respondents agreed that sudden changes in the interest rate have always caused variations in the stock market returns URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/2977 Files in this item: 1
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Muriithi, Samuel Muiruri (European Journal of Research and Reflection in Management Sciences, 2017)[more][less]
Abstract: The China-Africa relationship has gained momentum in last few decades with China recognised as Africa’s second largest trading partner after United States of America. The trade mostly involves manufacturing, agriculture, mining and construction. To facilitate this trade thousands of Chinese firms have invested heavily with some even relocating their activities to Africa. In terms of benefits, Africa has gained from jobs creations with 80% to 95% of local employees hired while China has profited from lower wage bills, improved government relations and local knowledge. However, although majority of African employees have benefitted from China investments, discontent continues among African elites who feel excluded from Chinese top management. Similarly, the Chinese style of management has come under scrutiny as it differs from Western management styles that dominate Africa management following century long colonial history. This paper examines the Chinese management in Africa, its implications, challenges and solutions. The paper observes that there is a strong relationship between African and Chinese cultures as both are hedged on similar cultural values systems like Ubantu and ren-yi-li respectively. The paper further acknowledges the impact of Western management and calls a hybrid management that is appropriate for African development. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3611 Files in this item: 1
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Ndugo, Teresia; Kyongo, Joanes Kaleli; Njoroge, Mercy Kanini Njagi (International Journal of Economics, Commerce and Management, 2018)[more][less]
Abstract: The objective of the study was to determine the effect of competitive strategies on the performance of private primary schools and the corresponding hypothesis was formulated and tested. The study targeted 100 employees of 50 selected private primary schools in Kiambu County, Kenya and all of them responded. The study adopted a descriptive research design and purposive sampling. SPSS Version 21 was used to analyze data using simple linear regression analysis. Research findings from the test of hypothesis established that competitive strategies have positive and significant effects on the performance of private primary schools. The study confirms Competition Theory, Stakeholder Theory and Porter’s Generic Model which show a close link between the two variables. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3591 Files in this item: 1
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Muriithi, Samuel Muiruri; Kenyon, Wendy (Biodiversity and Conservation, 2002)[more][less]
Abstract: Using an economic approach to provide a rationale for rainforest conservation has been a popular exercise in recent years. This paper uses such an approach to assess the net value of the Arabuko Sokoke Forest in Kenya. The economic benefits associated with the forest derived by local and global populations are estimated by combining evidence from existing studies and the results of a contingent valuation study carried out by the authors. These benefits are set against the cost of preserving the forest to the Kenyan Forest Department. Even when the opportunity cost of the forest land is omitted from the costs of forest preservation, and when the revenues generated from the Global Environment Facility (GEF) funded project are included, the costs of forest conservation outweigh the benefits. It is only when non-use and existence values are included (which are not realised by the Kenyan population) that the forest benefits exceed the costs. The paper concludes by arguing that, although some projects within the Arabuko Sokoke Forest have been successful in capturing some of the economic value associated with the forest, more needs to be done to design additional capture mechanisms so that a greater proportion of the global benefit of the forest can be realised by local populations and local governments URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3655 Files in this item: 1
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Wachira, Muturi (European Journal of Business and Management, 2018)[more][less]
Abstract: Most of the researches in accounting are based on the positivist approach. It has been noted, however, that the positivist approach cannot answer all research questions in social sciences such as accounting. This paper looks at constructionism as an approach that can be adopted for accounting and other business management researches. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3596 Files in this item: 1
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Wanjau, Mary Ngima; Kyongo, Joanes Kaleli (International Journal of Humanities and Social Science, 2013)[more][less]
Abstract: The relationship between motivation and performance is a universal concern and is often talked about but many organizations do not make concrete efforts to study it in detail. These organizations blindly apply the popular motivational theories without findings and instigators which would be the result of an intensive study on motivation. In today’s hyper-competitive marketplace, understanding what fosters and forwards employee motivation and thus organizational performance is critical. Motivation is about stimulating people to action and to achieve a desired task. For organizations of all sorts to be efficient and successful, enough of every person’s drives must be stimulated and satisfied to ensure effective performance. There is more emphasizes on excellent management as a major contributor to personal effectiveness, group efficiency and business success. The concept of motivational management was there in practice since the age of slavery; however, its motivation was as a result of fear, suffering and intimidation. Today, managers have at their disposal managing instruments by which they can stimulate latent efforts and performance of their teams. The research set out to investigate the contribution of motivational management to employee performance in the Vehicle Body Building industry. Dodi Autotech (K) Limited and Two M Autotech (K) Limited were identified for the study. The researcher first reviewed the relevant literature on motivation, the role of management in motivation and in particular motivational management as a factor of motivation. Questionnaires were used to collect information from the organization’s employees. The researcher interviewed the senior managers and also spent a day in the organizations’ premises observing the workers as they worked and interacted with one another. This was to gather information on behaviour and attitudes at work and towards work in the organizations. The data collected was entered and analyzed on the SPSS software, after which it was presented and interpreted using a combination of tables, bar charts and continuous prose. The Chi-square test of association was used in testing the hypothesis of the study. The result showed that employees in the two organizations of study were to a very large extent influenced to perform by a combination of intrinsic and extrinsic motivational factors applied through management initiatives. The research found the following motivational variables to have significantly influenced employee retention in both organizations; challenging/interesting work; awareness of the relationship between work, organization goals and priorities; performance progress review; performance discussions and rewards for good performance. Motivational management can influence the workplace behaviour and attitudes both positively and negatively. The researcher intends to create awareness on the importance of designing and maintaining an environment that is stress free and an environment that is conducive for optimum employee performance The research was then concluded by indicating areas of improvement and recommending management methods that enhance the employee motivation that leads to increased employee performance. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3562 Files in this item: 1
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Ngima, Wanjau Mary; Kyongo, Joanes Kaleli (International Journal of Humanities and Social Science, 2013)[more][less]
Abstract: The relationship between motivation and performance is a universal concern and is often talked about but many organizations do not make concrete efforts to study it in detail. These organizations blindly apply the popular motivational theories without findings and instigators which would be the result of an intensive study on motivation. In today’s hyper-competitive marketplace, understanding what fosters and forwards employee motivation and thus organizational performance is critical. Motivation is about stimulating people to action and to achieve a desired task. For organizations of all sorts to be efficient and successful, enough of every person’s drives must be stimulated and satisfied to ensure effective performance. There is more emphasizes on excellent management as a major contributor to personal effectiveness, group efficiency and business success. The concept of motivational management was there in practice since the age of slavery; however, its motivation was as a result of fear, suffering and intimidation. Today, managers have at their disposal managing instruments by which they can stimulate latent efforts and performance of their teams. The research set out to investigate the contribution of motivational management to employee performance in the Vehicle Body Building industry. Dodi Autotech (K) Limited and Two M Autotech (K) Limited were identified for the study. The researcher first reviewed the relevant literature on motivation, the role of management in motivation and in particular motivational management as a factor of motivation. Questionnaires were used to collect information from the organization’s employees. The researcher interviewed the senior managers and also spent a day in the organizations’ premises observing the workers as they worked and interacted with one another. This was to gather information on behaviour and attitudes at work and towards work in the organizations. The data collected was entered and analyzed on the SPSS software, after which it was presented and interpreted using a combination of tables, bar charts and continuous prose. The Chi-square test of association was used in testing the hypothesis of the study. The result showed that employees in the two organizations of study were to a very large extent influenced to perform by a combination of intrinsic and extrinsic motivational factors applied through management initiatives. The research found the following motivational variables to have significantly influenced employee retention in both organizations; challenging/interesting work; awareness of the relationship between work, organization goals and priorities; performance progress review; performance discussions and rewards for good performance. Motivational management can influence the workplace behaviour and attitudes both positively and negatively. The researcher intends to create awareness on the importance of designing and maintaining an environment that is stress free and an environment that is conducive for optimum employee performance The research was then concluded by indicating areas of improvement and recommending management methods that enhance the employee motivation that leads to increased employee performance. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3590 Files in this item: 1
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Muiru, Anne Mugechi; Kyongo, Joanes Kaleli; Onchomba, Molson (International Journal of Economics, Commerce and Management, 2018)[more][less]
Abstract: The study sought to establish the effect of corporate governance on the performance of savings and credit co-operative societies (SACCOs) in selected private universities in Nairobi County, Kenya, and the corresponding hypothesis was formulated and tested. The study targeted 120 employees of SACCOs in the sixteen selected private Universities in Kenya and 110 of them responded. The study adopted a descriptive research design and purposive sampling design. SPSS Version 21 was used to analyze data using multiple regression analysis. Research findings from the test of hypothesis established that corporate governance positively and significantly affected the performance of SACCOs in private Universities in Kenya. The study findings support Agency theory and stakeholder theory which explain the role corporate governance plays in organizational performance. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3592 Files in this item: 1
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Wachira, Muturi (African Journal of Business Management, 2019)[more][less]
Abstract: This paper examines the relationships between corporate governance variables and the extent of risk disclosures among listed companies in Kenya. The study aims to empirically examine the relationship between corporate governance variables and risk disclosures in 48 listed non-financial companies in Kenya. Content analysis of annual reports for the period 2010-2016 was used to measure the level of risk disclosures and compute the risk disclosure index for each company studied. The relationships between variables were analysed using panel data analysis. The findings show that the percentage of non-executive directors, ownership dispersion, percentage of foreign ownership, women in boards affected significantly the level of risk disclosures in the studied companies. Additionally, the control variables, firm’s size and firm’s profitability also significantly affected the level of risk disclosures. It can be concluded that the agency theory and the signalling theory can be used to explain the risk disclosure behaviours of listed firms in Kenya. It is recommended that companies should strengthen their corporate governance mechanisms in order to deal with risks facing them. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3604 Files in this item: 1
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Kithandi, Charles Katua (International Journal of Scientific and Research Publications, October 30, 2022)[more][less]
Abstract: Corporate governance is the backbone of transparency, accountability, integrity and security of shareholders’ interest in an organization. An organization with poor corporate governance structure is likely to fail to achieve its objectives as well as have exposure to financial losses. The purpose of this study is to examine the effect of corporate governance on the financial performance of Deposit-taking Savings and Credit Co-operative Societies in Nairobi City County, Kenya A purposive sampling method integrating qualitative and quantitative design methods was employed in this study. The target and sample population were all the 42 Deposit-taking Savings and Credit Co-operative Societies in Nairobi City County, Kenya while a sample of 30 deposit-taking SACCOS was used for this study. For the 30 deposit-taking SACCOS, the company secretaries and other two executive top management members were each subjected to the study through the administration of questionnaires, hence three respondents per deposit-taking SACCOS. The published annual reports of the of 30 deposit-taking SACCOS were used to collect secondary data. SPSS research analysis tool was used emphasizing on the Multiple Regression Analysis and the Spearman Correlation Coefficient among others to assess the magnitude and relationship and thus come up with a finding of the relationship of the independent and dependent variables. The research found that corporate governance practices greatly affect Deposit-taking Savings and Credit Co-operative Societies in Nairobi City County, KenyaCorporate governance is the backbone of transparency, accountability, integrity and security of shareholders’ interest in an organization. An organization with poor corporate governance structure is likely to fail to achieve its objectives as well as have exposure to financial losses. The purpose of this study is to examine the effect of corporate governance on the financial performance of Deposit-taking Savings and Credit Co-operative Societies in Nairobi City County, Kenya A purposive sampling method integrating qualitative and quantitative design methods was employed in this study. The target and sample population were all the 42 Deposit-taking Savings and Credit Co-operative Societies in Nairobi City County, Kenya while a sample of 30 deposit-taking SACCOS was used for this study. For the 30 deposit-taking SACCOS, the company secretaries and other two executive top management members were each subjected to the study through the administration of questionnaires, hence three respondents per deposit-taking SACCOS. The published annual reports of the of 30 deposit-taking SACCOS were used to collect secondary data. SPSS research analysis tool was used emphasizing on the Multiple Regression Analysis and the Spearman Correlation Coefficient among others to assess the magnitude and relationship and thus come up with a finding of the relationship of the independent and dependent variables. The research found that corporate governance practices greatly affect Deposit-taking Savings and Credit Co-operative Societies in Nairobi City County, Kenya Description: Journal ArticleJournal Article URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3974 Files in this item: 1
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Muthoka, Dorothy Mutanu; Soon, Lee Jang (Accounting Journal, 2020)[more][less]
Abstract: International Financial Reporting Standards (IFRS) are inherent characteristics of principles based framework that is voluntarily adopted by a country for communication purpose. This means the standards leave more details of implementation to individual judgements. The International Accounting Standards Board (IASB) hopes the world of accounting to be mono-lingual in the future. Today, more than 130 economies have made IFRS their official language in financial reporting. On one hand, the objective of having a one size fit all financial statement being guided by this same adopted IFRS Standards has not been achieved. On the other hand, some persistent challenges are still facing the accounting bodies in connection with full IFRS adoption. The accountants, regulators and various users of financial information must be willing to understand the challenges that exist from across countries to help achieve same objectives. Consequently, this paper seeks to answer two major questions relating to this. Firstly, does cultural-political influence have any impact on the adoption of IFRS? Secondly, if it does, are there some specific cultural-political aspects that could have an effect on the IFRS adoption? Survey method by hand collected data was used as the research design with a case study of two selected countries – South Korea and Kenya. Using one way ANOVA method, the hypothesis was rejected and using the Chi square test, three factual differences arose from the study: (1) the level of enforcement; (2) the language of IFRS; (3) the question of adoption and convergence. The conclusion of the study was that there are differences in IFRS adoption mechanism that has been attributed to cultural-political influences. This study finding shall contribute to financial reporting knowledge that will help to explain some reasons of powerful macroeconomic and cultural-political forces that continue to provide impetus to globalization and use of IFRS. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3622 Files in this item: 1
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Wachira, Muturi (European Scientific Journal, 2017)[more][less]
Abstract: This study which was exploratory in nature aimed to examine the extent to which firms listed on the Nairobi Securities Exchange disclosure social responsibility information and also to determine company and corporate governance variables that influence the Corporate Social Disclosures (CSD) practice in Kenya. Data on the disclosure index and company characteristics were obtained from the annual reports of the respective companies. A relationship between the disclosure index and the various company characteristics was determined. It was found that size, profitability, liquidity, industry in which a company operates have a positive influence on the level of CSD. In addition, a company that a dispersed ownership disclosed more information than a company with concentrated ownership. Gearing and country of origin were found to have no influence on the level of CSD. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3600 Files in this item: 1
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Wachira, Muturi (African Journal of Business Management, 2018)[more][less]
Abstract: The main objective of this study was to examine the relationship between risk disclosure and firm characteristics of companies quoted on the Nairobi Securities Market. The study involved all firms that were listed on the NSE between years 2010 and 2016, except the financial institutions. Annual reports were used to determine the variables. A regression analysis was conducted using the random effect model to determine the relationship between the disclosure index and firms’ characteristics. The results show that risk disclosure was positively related to gearing level, company size, profitability, and the industry type. However, it was not found to be related to the liquidity level, ownership and board composition. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3602 Files in this item: 1
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Irungu, Dancan Njagi; Mutie, Julia Mutave (European Journal of Business and Management, 2014)[more][less]
URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3549 Files in this item: 2
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