School of Business and Economics
Permanent URI for this collectionhttp://41.89.31.6:4000/handle/123456789/320
Welcome to School of Business and Economics collection.This collection contains Journal articles published by faculty affiliated to the school.
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Item Effect of Budget Planning on the Financial Performance of Public Universities in the Mount Kenya Region, Kenya(nternationalJournalof ProfessionalPractice (IJPP), 2024-09) Kaithia, Lilian Kawira; Moguche, Abel; Rintari, NancyPublic universities perform a vital role in providing higher education and contributing to the country's socioeconomic development. Notably, public higher education establishments in the Mount Kenya region, have successfully implemented budgetary control approaches to improve financial performance. That notwithstanding, most of them are ignorant of how budgets and budgetary control affect performance outcomes. The purpose of this study was to establish the effect of budget planning on the financial performance of public universities located in the Mount Kenya region, Kenya.The design used in the investigation was descriptive. The target population was 7 universities located in Mount Kenya Region. The respondents, enlisted using census method included 284 heads of departments in both academic and administration divisions of the universities included. Structured questionnaires were used to collect data for this study. Using the drop and pick method, the researcher issued and collected filled in questionnaires after 2 weeks. The data were analyzed using descriptive techniques like frequencies, percentage and mean, while the inferential statistics included correlations. The study conducted a pre-test study in Laikipia University, where 28 respondents were recruited using simple random method. Data was presented using tables and explanations. The findings indicated a noteworthy and optimistic correlation between budgetary planning and financial performance of public universities (r=0.817, p=0.000).The study concluded that most universities had budgets that guided them in a financial year. However, the main concern was declined revenue consistency to adequately fund the budget. The study recommended that budgetary control strategies such as incremental and activity-based budgets be introduced in public institutions. Further, public universities need to focus more on creating budgetary control through appropriate planning, monitoring, and budget implementation, as well as allowing employee engagement in the budget process in order to strengthen the budgetary control process.Item The Effects of Real Time Gross Settlement on Financial Performance of Microfinance Institutions in Nairobi County, Kenya(International Research Journal of Economics and Finance, 2023-07-28) Makena, Christine; Kambura, Susan; Moguche, AbelCompanies that do not innovate run the risk of being surpassed by rivals. The financial sector has been impacted by globalization and technological advancement. The banking sector is utilizing these developments to enhance client service and guarantee profits on these investments. The study's objective and purpose was to determine the effects of real time gross settlement on financial performance of Microfinance institutions in Nairobi County, diffusion theory anchored the research. Many researches have been carried out to understand the connection between process improvements and financial performance. However, few of the reviewed research have determined the effect of real time gross settlement on financial performance of microfinance institutions in Nairobi County Kenya. Thus the current study aimed to fill in this knowledge gap. Cross-sectional survey research approach was used with a sample of 12 management staff. A pilot study was conducted in Kilifi County to check on reliability and validity of data collection instruments with the used of SPSS to analyse data. Mean and standard deviation were used to determine descriptive analysis, whereas model brief, ANOVA, and coefficients of regression were used to determine regression analysis. Outcomes were presented using frequency tables. According to the correlation analysis, real-time gross settlement positively correlated with financial performance. The study concludes that the processes of the Microfinance banks have been automated to improve MFIs operations. The study concludes that the Microfinance bank uses Real time gross settlement to minimize risk related to high value payment settlements. Recommendations is that in addition to automating core processes, the Microfinance banks should make it possible for the clients to open accounts remotely and operate those accounts remotely as well.