PHD.Theses
http://repository.kyu.ac.ke/123456789/421
2024-03-28T17:31:24ZFinancial Innovations and Sustainability Moderated By Government Regulations Among Commercial Banks In Kenya.
http://repository.kyu.ac.ke/123456789/1022
Financial Innovations and Sustainability Moderated By Government Regulations Among Commercial Banks In Kenya.
Mwangi, P
The financial sector plays a key role in the growth and development of any country. The
commercial banks are key players in the financial sector and hence their performance is
crucial to ensure the growth of the economy. In Kenya the commercial banks performance
has been declining and recently have been showing signs of financial distress. The average
performance of commercial banks has been reducing for the last couple of years and the non-
performing loans (NPLs) have been on the rise which are their major sources of incomes.
On the other hand, the Fintech with its financial products is however on the rise, threatening
the sustainability of commercial banks. Hence, the purpose of this study which was aimed at
examining the influence of financial innovations on sustainability of commercial banks in
Kenya. Specifically, the study focused on examining the influence of mobile money, agency
banking, internet banking and mobile banking on sustainability of commercial banks. A
descriptive survey research design guided the study. From the target population of 210
respondents a sample of 120 was selected using a simple random sampling. The study
randomly selected 384 users who had used new financial products to verify the commercial
banks' claims. The information was gathered through the use of self-administered surveys
and content analysis of existing documents. Both bank personnel and those who really use
financial innovations filled out questionnaires for the research. To determine if the chosen
variables significantly affected commercial bank sustainability, the obtained data was
cleaned, edited, and analyzed using SPSS(23). To determine if financial innovation
significantly affects the long-term viability of commercial banks in Kenya, a regression
model comprising predictors of financial innovation was run against the measures of
sustainability. The study findings revealed that agency banking, internet banking and mobile
banking had a significant influence on sustainability of commercial banks while mobile
money had negative insignificant influence. Commercial banks were shown to be resilient
despite the fact that government controls did not act as a strong moderating factor.
Commercial bank sustainability was found to be affected by mobile money, agency banking,
internet banking, and mobile banking individually, but not by mobile money aggregated
together. In order to maintain customers and attract new ones, commercial banks were urged
by the study's authors to extend their hours of operation, with the extra hours concentrated in
high-population areas or regions with a high concentration of business clients. Since internet
banking is so widely used by businesses, it was also suggested that banks promote it to
individual customers. The study suggests more investigation into how SACCOs and micro-
finances might be affected by the impact of financial innovations. It was also suggested that
more study be done on the impact of mobile banking and mobile money on the long-term
viability of Kenya's publicly traded financial institutions.
2023-07-01T00:00:00ZExamination Of Recovery Strategies On Repayment Performance Of Revolving Funds In Kenya
http://repository.kyu.ac.ke/123456789/1020
Examination Of Recovery Strategies On Repayment Performance Of Revolving Funds In Kenya
Kinyua, J
Government credit programs operate on a revolving fund basis whereby new loans are
disbursed made as existing loans are repaid. Available information has shown that
repayment has been poor and program performance and sustainability has been a
challenge. There was a need to investigate the influence of recovery strategies on
repayment performance of these revolving funds which was the main objective of the
study. The specific objectives of the study were: to establish the effect of client appraisal
strategies, loan recovery implementation strategies, loan monitoring strategies, and loan
collection strategies. The study also sought to establish the moderating effect of the
borrower characteristics on the relationship between recovery strategies and repayment
performance of revolving funds in Kenya. The study was guided by Credit Risk Theory,
Systems Theory, and Moral Hazard Theory.The study was conducted to investigate the
loan recovery strategies employed by government revolving funds in the 47 counties of
Kenya. The study was conducted over a period of 18 months, from January 2021 to June
2022. A combined descriptive and correlational research design was used. The population
of the study comprised of 337 youth officers and women enterprise fund officers in the 47
counties. Stratified random sampling and purposive sampling techniques were used to
select a sample of 181 participants. Both secondary and primary data were collected and
analyzed. Secondary data was analyzed qualitatively using document analysis. Primary
data was collected using open-ended and closed-ended questionnaires. The data was
compiled, edited, coded, and imported into SPSS for analysis. Descriptive and inferential
statistics were used to analyze the data. The descriptive results were presented using
frequencies, percentages, means, and standard deviations. To analyze the nature and
magnitude of relationship between recovery strategies and repayment performance,
correlation and regression analysis were conducted on the adopted linear model. To
ensure that the statistical assumptions were met, the skewness and kurtosis for normality,
Breusch pagan for heteroscedasticity, and VIF for Multicollinearity tests were performed.
The significance of the variables was tested at a p-value of 0.05. The open-ended
questions were analyzed using the three-text analysis method. The study findings showed
that client appraisal strategy, loan monitoring strategies had a positive and significant
effect on repayment performance of revolving funds in Kenya. Additionally, loan
recovery implementation and loan collection strategies had an insignificant effect on
repayment performance. The moderator’s effects on borrower characteristics had positive
but insignificant effects on loan repayment performance. The study concluded that client
appraisal and loan monitoring strategies strongly determine the rate repayment of
revolving funds in Kenya. On the contrary, loan collection and recovery implementation
strategies do not affect repayment performance of revolving funds. Individual
characteristics, such as age and family size have an insignificant effect on repayment
performanceThe study recommends that financial institutions should conduct thorough
appraisals of borrowers to identify those who are likely to repay their loans. The
borrowers' credit history and income stream are good indicators of whether they are likely
to default. The government should also put in place effective strategies to monitor loans
and partner with external debt collectors to ensure that borrowers repay their loans. Clear
policies and specific penalties for defaulters should also be put in place to deter borrowers
from defaulting
2023-07-01T00:00:00ZExamination Of Recovery Strategies On Repayment Performance Of Revolving Funds In Kenya
http://repository.kyu.ac.ke/123456789/1017
Examination Of Recovery Strategies On Repayment Performance Of Revolving Funds In Kenya
Ndungu, G
Government credit programs operate on a revolving fund basis whereby new loans are disbursed made as existing loans are repaid. Available information has shown that repayment has been poor and program performance and sustainability has been a challenge. There was a need to investigate the influence of recovery strategies on repayment performance of these revolving funds which was the main objective of the study. The specific objectives of the study were: to establish the effect of client appraisal strategies, loan recovery implementation strategies, loan monitoring strategies, and loan collection strategies. The study also sought to establish the moderating effect of the borrower characteristics on the relationship between recovery strategies and repayment performance of revolving funds in Kenya. The study was guided by Credit Risk Theory, Systems Theory, and Moral Hazard Theory.The study was conducted to investigate the loan recovery strategies employed by government revolving funds in the 47 counties of Kenya. The study was conducted over a period of 18 months, from January 2021 to June 2022. A combined descriptive and correlational research design was used. The population of the study comprised of 337 youth officers and women enterprise fund officers in the 47 counties. Stratified random sampling and purposive sampling techniques were used to select a sample of 181 participants. Both secondary and primary data were collected and analyzed. Secondary data was analyzed qualitatively using document analysis. Primary data was collected using open-ended and closed-ended questionnaires. The data was compiled, edited, coded, and imported into SPSS for analysis. Descriptive and inferential statistics were used to analyze the data. The descriptive results were presented using frequencies, percentages, means, and standard deviations. To analyze the nature and magnitude of relationship between recovery strategies and repayment performance, correlation and regression analysis were conducted on the adopted linear model. To ensure that the statistical assumptions were met, the skewness and kurtosis for normality, Breusch pagan for heteroscedasticity, and VIF for Multicollinearity tests were performed. The significance of the variables was tested at a p-value of 0.05. The open-ended questions were analyzed using the three-text analysis method. The study findings showed that client appraisal strategy, loan monitoring strategies had a positive and significant effect on repayment performance of revolving funds in Kenya. Additionally, loan recovery implementation and loan collection strategies had an insignificant effect on repayment performance. The moderator’s effects on borrower characteristics had positive but insignificant effects on loan repayment performance. The study concluded that client appraisal and loan monitoring strategies strongly determine the rate repayment of revolving funds in Kenya. On the contrary, loan collection and recovery implementation strategies do not affect repayment performance of revolving funds. Individual characteristics, such as age and family size have an insignificant effect on repayment performanceThe study recommends that financial institutions should conduct thorough appraisals of borrowers to identify those who are likely to repay their loans. The borrowers' credit history and income stream are good indicators of whether they are likely to default. The government should also put in place effective strategies to monitor loans and partner with external debt collectors to ensure that borrowers repay their loans. Clear policies and specific penalties for defaulters should also be put in place to deter borrowers from defaulting.
2023-07-01T00:00:00ZEffect of Internal Control Systems on Financial Performance of Public Universities in Kenya
http://repository.kyu.ac.ke/123456789/868
Effect of Internal Control Systems on Financial Performance of Public Universities in Kenya
Mungai.D
Most private universities in the world have reported better financial performance results
than public Universities across the world. Majority of the public universities struggle
financially and depend on government funding. The dismal financial performance in
public universities can be ascribed to poor financial management practices. Ideal financial
management approaches require organizations to have a strong and robust internal control
systems. Though financial management and internal control systems are essential, there
exists only a few studies and empirical evidence on the relationship between financial
performance and internal control systems in public universities in Kenya The aim of the
study was to investigate the effect of internal control systems on financial performance
of public universities in Kenya. Explicitly, the research investigated the effect of
budgetary controls, corrective controls, preventive controls, and detective controls on the
financial performance of public universities in Kenya. Besides, the research examined the
moderating effect of regulations and policies on the relationship between internal control
systems on the financial performance of public universities in Kenya. The research was
informed by the systems theory, agency theory, attribution theory, and stewardship theory.
The research adopted a causal research design, and targeted 160 respondents from 32
public universities. Census sampling technique was applied. Semi-structured
questionnaires and secondary sources were used to collect primary and secondary data
respectively. The secondary data was obtained on the financial performance of public
universities for five years. The study respondents were the Deputy Vice chancellors
(finance), Registrars, In-charge ICT, Finance Officers and Internal Auditors. A total of 142
questionnaires were returned duly filled which was 88.75%. Descriptive and inferential
analysis was done on the data collected. A pilot study was conducted to examine the
reliability and validity of the research instruments. The instrument was adjusted
accordingly. Diagnostic tests were carried out and the data was found to be normally
distributed and did not suffer from multicollinearity. The data did not also suffer from
heteroscedasticity. Regression analysis was done to determine the effect of the independent
variables on the dependent variable. The findings revealed that budgetary controls,
corrective controls, preventive controls, and detective controls regressed individually
against the dependent variable were statistically significant. However, when jointly
regressed, corrective controls variable was insignificant. The study also found that
regulations and policies did not have moderating effect on the relationship between internal
control system and financial performance in public universities in Kenya. The research
concluded that, to a large extent, internal control system had an effect on financial
performance of public higher learning institutions. The research recommends that
University management in public universities strengthen their internal control systems and
that policy makers, regulatory authorities, the ministry concerned should formulate sound
policies that strengthen internal controls of state corporations. By strengthening the internal
controls of state corporations, their financial performance would improve and thus overall
growth of the economy as a whole
2022-05-01T00:00:00Z