https://repository.maseno.ac.ke/handle/123456789/74 2026-05-15T12:08:09Z https://repository.maseno.ac.ke/handle/123456789/6076 Influence of firm size on financial performance of firms listed at Nairobi securities exchange, Kenya Kiruga, Abraham Mutitu; Ombok, Benjamin. O; Adoyo, Philip .O The purpose of the study was to establish the influence of firm size on financial performance of listed firms at NSE. The study used a correlation research design. For this study, the target population is represented by a number of companies from different sectors listed on the NSE in Kenya from 2016-2020. The study used data from firms that were consistently listed in NSE from 2016 – 2020 the ones that were delisted and or suspended and that were listed after 2016 were not included, creating a sample size of 55 firms yielding a panel of 275 data points. The study adopted a purposive sampling approach since it satisfied the criteria of the study. The study used secondary data obtained from annual audited financial statements of listed firms using data collection sheets. The study used descriptive statistics; mean maximum, minimum, and standard deviations; inferential statistics; Pearson correlation analysis, and multivariate regression analysis to analyze the data within the panel data framework. Trend results showed firm size of NSE firms was in an increasing trend across 2016 – 2020. According to the results, using ROA, company size had significant and positive effect. However, using ROE, firm size had insignificant positive impact. In conclusion findings demonstrate company size had significant influence using ROA, however results showed also that firm size had no significant influence on financial results using ROE. The study recommended that management of NSE-listed companies take into account their firms' sizes. Due to their market power, a company's size is important because larger firms can perform better than smaller ones because of economies of scale, earning higher returns. Additionally, larger total assets may result in higher returns on assets; consequently, businesses should always aim to increase total assets 2024-03-27T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5806 Scoping the Conveniences of Mobile Money for Micro-entrepreneurs in Kenya Onyango, Rael A; Eijdenberg, Emiel L; Obange, Nelson; Masurel, Enno Mobile money is a no-frills mobile phone-based payment instrument, which is widely used in many emerging economies, especially in sub-Saharan Africa. Knowledge of what mobile money means is of great importance for micro-entrepreneurs who operate in the changing digital environments of emerging economies. Little attention has been devoted to contextual studies on mobile money use by micro-entrepreneurs in emerging economies. With this in mind, this study aims to develop a deeper understanding of what mobile money really means to micro-entrepreneurs. We conducted individual interviews with 23 experts on micro-entrepreneurship and experienced entrepreneurs in Kenya, the emerging economy context of this study. Through qualitative analyses, we filtered the data into a number of meaningful takeaways, which are several “conveniences” of using mobile money by micro-entrepreneurs. The findings show that mobile money contains a lot of positive conveniences for micro-entrepreneurs, including convenience for payments, timely updates, savings and, lastly, convenience of obtaining loaning and overdraft facilities. Other than expanding scholarly knowledge, the findings provide useful practical and managerial insights. This is a preview of subscription content, access via your institution. https://link.springer.com/chapter/10.1007/978-981-99-2909-2_23 2023-03-01T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5805 Effect of mortgage financing on financial performance of commercial banks in Kenya Dondi, Daniel Odhiambo; Mule, Robert K; Ombok, Benjamin O The financial performance of commercial banks has been unstable as evidenced in Annual Supervision Report of 2011 to 2020, where the Return on Assets (ROA) rose to 6.2% in 2012 from 3% in 2011; and to below 3% in the years 2016 to 2020. Literature reveals that commercial banks’ lending criteria are pro-cyclical, implying a less strict lending criteria during the real estate boom, and very strict during burst; resulting in likely underestimation of the default risk on loans during periods of high demand by the commercial banks. The objective of the study was to establish the effect of mortgage financing on the n financial performance of commercial banks in Kenya for the period 2015 to 2022. Using secondary balanced panel data from 27 mortgage-offering banks in Kenya, with 189 data points and employing moderated multiple regression to achieve the study objectives. The regression analysis revealed that the independent variables explained 86.69% (R2 = 0.8669, p-value = 0004) of variance in of financial performance of commercial banks in Kenya, the coefficient of mortgage financing is 0.004434, (p=0.0004); implying that a unit increase in mortgage loan would result to significant increase in the return on assets by 0.004434 units. Therefore, the null hypothesis was rejected. The study concluded that an increase in the amount of mortgage loans offered as well as other activities that augment the total value of mortgage loans extended by the commercial banks leads to a significant improvement in the financial performance of commercial banks in Kenya. The study recommends that commercial banks in Kenya should target to increase the amount of mortgage offered as well as other activities that augment the total value of mortgage loans extended in order to improve their financial performance. Available on-line at: http://www.oapub.org/soc 2023-07-18T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5804 Effect of portfolio management on the financial performance of listed insurance firms in the Nairobi securities exchange, Kenya Wandabusi, Celestine; Ombok, Benjamin O; Nyamita, Micah O The performance of listed insurance companies in Kenya has over time been unstable, despite its contribution to Kenya’s GDP. Whereas the firms have diversified investment asset portfolios, the financial performance of these companies has generally remained low; as evidenced by inconsistent revenues. The purpose of this paper is to establish the relationship between portfolio management and the financial performance of the listed insurance firms in Nairobi Securities Exchange (NSE), Kenya. The study has been guided by Modern Portfolio Theory, allowing for the integration of mixed securities. correlational research design has been employed on a target population of six (6) listed insurance companies at the Nairobi Securities Exchange. census technique of data collection to obtain secondary data through the document review method was used. Analyzing data through descriptive and inferential statistics, the following results were obtained; showing a positive significant effect of both portfolio size (β = 0.4859, p = 0.002) and portfolio asset allocation (β = 0.4031, p = 0.000) on the financial performance of listed insurance firms at NSE. However, the results yielded a negative but significant effect of portfolio risk (β = - 0.02546, p = 0.002) on financial performance; implying that a unit increase in portfolio size and portfolio asset allocation leads to 48.59% and 40.31% increase in financial performance of listed insurance firms, respectively. However, Portfolio risk has a negative effect, implying that a unit increase in portfolio risk leads to a 2.55% reduction in financial performance. It can therefore be concluded that portfolio management influences the financial performance of insurance firms listed at the NSE, thereby recommending that listed insurance firms in the NSE should increase the level of portfolio management by giving attention to such elements as portfolio size, portfolio asset allocation, and portfolio risk; which are important predictors of the firms’ financial performance, alongside determining the specific mix of investments generating the highest return for a given level of risk, which will lead to increased profitability. http://www.oapub.org/soc 2023-08-23T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5803 Influence of financial sustainability on financial growth of non-governmental organizations in lreb-Kenya Achola, Eunice; Ombok, Benjamin; Kiganda, Evans Literature reveals inconsistencies on factors influencing the financial sustainability of local NGOs, with some suggesting such factors as income diversification, incomes from local and external donors as well as own income-generating activities, while others opine that continued external donor funding is required for sustainability. Evidence also shows that for the period under review, the financial growth of the NGOs, as critical vehicles of welfare development in the region has been fluctuating since 2010, but with a declining trend from 2019 to 2022. The purpose of this paper is to establish influence of the financial sustainability on the financial growth of non-governmental organizations in the Lake Region Economic Block-Kenya. A cross-sectional research design is adopted on a sample size of 220 respondents from whom both primary and secondary data were obtained and analyzed using independent samples t-test, one-way ANOVA, correlation, and regression. Guided by the Resource Based View Theory, the results yielded a significant change of 0.033; from 73.7% to 77% after moderation; implying that financial sustainability has a significant moderating effect of 3.3%. The findings of this study are invaluable for innovative and sustainable financial decisions by NGOs, and also scholars and policymakers on matters of revenue growth. 2023-09-16T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5733 Effect of Financial Innovations on Banks’ Loan Portfolio: A Case of Commercial Banks in Kenya Malit E.O., Nelson O., Scholastica A.O. Purpose: The study sought to investigate the effect of financial innovationson loan portfolioofCommercial Banks in Kenya. The main problem was that even though banks have implemented financial innovations, the level of loans uptake in terms of volume and qualityremains unclearas indicated by opposing findings by different studies.Most past studies on Kenya have covered relatively shorter study periods which may not reliably capture the financial trends, more so given the short shelf life of financial studies caused by rapid changes in the financial sector. Methodology:This study adopted Positivism philosophy. It was based on correlational research design. The target population for the study comprised of all of the 42 commercial banks licensed by the Central Bank of Kenya to provide financial and other banking servicesin Kenya. Purposive sampling techniquewas usedto select the sample of 12 CMA / NSE listed banks. Secondary data was used. They were obtained from audited financial reports of listed commercial banks, CMA and the CBK in the period 2007 to 2017. Thedatawas analyzedusing fixed effect andpooled regression of panel data analysis. Results:The findings of the study indicated that there is positive and significant effect between financial innovation and loan portfolio ofcommercial banks.The findings indicatedthat the overall R-squared was 0.5928. This means that on average, 59.28 percent of all variations in loans are explained by financial innovation, holding all other factors constant.This indicates that if the banks in Kenya implemented more financial innovations, the financial performance measured by loan portfolio would increase.Based on the findings, the study concluded that commercial banks have implemented technological innovations in various areas such as EFT, Branch networking and Mobile banking which haveimproved the banks’ loan portfolios.Unique contribution to theory, practice and policy:The study recommended that Commercial banks should adoptfinancial innovations that would positively influence loan portfolio. It shall signal the government, policy institutions, industry players and stakeholders to re-strategize finance-orientedinnovations with the view to improve policyframeworkin order to streamline 2023-01-01T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5729 Influence of Ownership Concentration on Financial Performance of Listed Firms in Nairobi Securities Exchange, Kenya KIRUGA, Abraham Mutitu; Ombok, O.Benjamin; Adoyo, Philip The purpose of the study was to evaluate the influence of ownership concentration on the financial performance of listed firms in the Nairobi Securities Exchange, Kenya. For this study, the target population is represented by several companies from different sectors listed on the NSE in Kenya from 2016-2020. The study used data from firms that were consistently listed in NSE from 2016 – 2020 the ones that were delisted and or suspended and that were listed after 2016 was not included, creating a sample size of 55 firms yielding a panel of 275 data points. The study adopted a purposive sampling approach since it satisfied the criteria of my study. The study used secondary data obtained from annual audited financial statements of listed firms using data collection sheets. The results showed that local ownership concentration had a negative and insignificant effect on financial performance using ROA. However, local ownership concentration had a negative and little impact on financial performance using ROE (r=-0.055, p=0.334). Further results showed that government ownership concentration had a negative and significant impact on financial performance using ROA (r=-0.107, p=0.008). However, government ownership concentration had a positive and insignificant influence on financial performance using ROE. In addition, results further showed that foreign ownership concentration negatively and significantly influenced financial performance using ROA (r=-0.072, p=0.205). However, foreign ownership concentration had a positive and insignificant impact on financial performance using ROE. The study also concluded that ownership concentration has a significant influence on the financial performance of listed firms in Nairobi Securities Exchange, Kenya using ROA {F=35.88, p=0.000)} with overall R Square of 0.250 but had no significant influence on the financial performance of listed firms in Nairobi Securities Exchange, Kenya using ROE {F=4.910, p=0.437)} with overall R Square of 0.105. The study recommends that there should be a substantial shareholding with a sizable number of shares to take control of the company's performance with passion and interest. 2023-04-01T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/5488 Do Budgeting Practices Affect Saving Behaviour among Small Scale Entrepreneurs in Kenya? Evidence from Kisumu Central Constituency Komen Chepchirchir Sarah, Robert Kisavi Mule World Bank Development Indicators' most recent data reveals that the nation's Gross Domestic Savings as a proportion of gross domestic product(GDP) was 11.09 percent in 2017, 11.64 percent in 2018, 11.25 percent in 2019 and 12.83 percent in 2020. This shows that the country’s domestic savings is increasing but relatively low. As a result of this the country presents a significant development challenge. Individuals need to learn the basic knowledge of financial areas so that people may make knowledgeable financial decisions about how to earn, spend, save, manage, and invest their money. The purpose of this study was to answer if budgeting practices has an effect on saving behavior among smallscaleentrepreneurs in Kenya. The study's particular objectives were to; establish the influence of monitoring spending, financial planning and tracking spending pattern on saving behavior among small entrepreneurs.The study was guided by Life Cycle Theory and Financial Literacy Theory.Correlationalresearch design was employed in the study.The target population comprised of 914 registered small entrepreneurs in Kisumu town central constituency who have been in business for at least 2 years. The study adopted Yamane sampling technique and obtained 278 respondents. Open-ended and closed-ended structured questionnaires were employed to gather primary data. To test reliability of the questionnaire, the study piloted 28 respondents who were excluded in the final study. The study then used Cronbach’s Alpha to test reliability. The results showed that budgeting practices (α=0.828) and budgeting practices (α=0.870) all had a strong alpha value of above 0.7 which indicates that the instrument is reliable. The study findings revealed that; monitoring spending was significant (β= .376; p=.000˂ 0.05) that is an increase of 1 unit in monitoring spending causes an increase of .376 units in saving behavior, financial planning was significant (β= .333, p=.000˂0.05) that is an increase of 1 unit in financial planning causes an increase of .333 units in saving behavior and tracking spending pattern was also significant (β= .179, p= .000˂0.05) that is an increase of 1 unit in monitoring spending terms causes an increase of .179 units in saving behavior. There was a strong positive and significant association between budgeting and saving behavior thus rejecting the null hypothesis. The study concludes that budgeting practices enhances saving behaviour of small entrepreneurs in Kenya and recommends that small scale entrepreneurs should practice all aspects of budgeting which includes monitoring spending, financial planning and tracking spending pattern should be among small scale entrepreneurs in Kenya. This will enable them to compare what they have spent with regard to what they had planned thereby helping them improve their saving behavior. 2022-01-01T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/4926 Level of poverty among the micro enterprise owners in homa-bay sub county, Ojwang C. & Oima D The level of poverty in Homa-Bay County stands at 77.9% against 52% in Kenya. This study sought to establish the level of poverty among the Micro Enterprise Owners in Homa-Bay Sub County, Kenya. The study was guided by resource based view of the firm and equity theories. The study adopted survey research design. The population of the study comprised 1200 MEOs in the study area, Homa-Bay Sub County. A sample size of 240 MEOs was arrived at through stratified random sampling. Questionnaires were used to collect the primary data while secondary data were obtained from the records of the Kenya National Bureau of Statistics. The reliability coefficient of the questionnaires using Cronbach’s Alpha was 0.6. Data was analysed using descriptive statistics namely means and standard deviations and presented in tables and figures. Findings revealed that both income and consumption which were the indicators of poverty had a low mean (µ= 2.3) and SD of 0.47 and 0.50 respectively implying that poverty level is high among the MEOs in Homa-Bay Sub couty. The study recommends that the MEOs should learn to save, use trade credit facilities wisely and plough back their ME profits to reduce level of poverty among them. The findings will be used by policy makers, academicians, micro-credit practitioners, donors and MEOs across the globe. 2018-01-01T00:00:00Z https://repository.maseno.ac.ke/handle/123456789/4911 Effect of alternative financial delivery channels on performance of commercial banks: a survey of commercial banks in Kisumu city, Kenya Aluoch K. O., Odondo A., Ndede C. O. Though commercial banks continue to invest in rolling out branches that are complimented by various delivery channels, the challenge of access to formal financial services by customers remains a big impediment to the banks’ financial performance. To address these challenges, the Central Bank of Kenya released a legislation that allows commercial banks to contract third party retail networks as alternative financial delivery channel players which were to cater for 80% of the banking population by 2013. However, to date only 38% of the set target has been realised and it is not clear whether or not the realized proportion has any significant contribution on the banks’ performance. It was on that basis that the study sought to establish the effect of financial delivery channels on performance of commercial banks in Kenya. Specifically the study sought to: establish the effect of mobile banking on the performance of commercial banks in Kenya, to establish the effect of agency banking on performance of commercial banks, and to establish the effect of internet banking on performance of commercial banks. The study adopted correlation research design and was guided by the Agency theory. Primary data were gathered using both structured and semi-structured questionnaires. These were supplemented with ©Author(s) Licensed under Creative Common Page 228 secondary data gathered from the banks’ published reports. Out of 33 commercial banks, Data from three banks were used for pretesting and a total of 30 commercial banks were visited during the actual data collection and the branch managers were interviewed. The study estimated an R2 of 0.501, implying that 50.1% of changes in the bank’s performance are explained by the independent variables. It further revealed that mobile banking (β = 0.402, p = 0.001) and agency banking (β = 0.179, p = 0.050) had significant positive effects on banks performance. It is thus, recommended that use of mobile banking and agency banking be enhanced for improved performance. The study findings may help the bank managers in the financial planning and provide literature for further research in the banking sector 2018-01-01T00:00:00Z