School of Business and Economics
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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 Influence of Strategic Direction on Organizational Performance of Public Corporations in Kenya. A Case Study of Agricultural Finance Corporation(The Strategic Journal of Business & Change Management, 2024-08) Muchiri, Veronicah Mwihaki; Gichunge, Evangeline; Mutegi, DoreenThis study examined the influence of strategic direction on the organizational performance of public corporations in Kenya, focusing specifically on the Agricultural Finance Corporation. The study was grounded in Contingency Theory. A descriptive research design was employed, with data collected from a sample of 204 employees across various management levels at AFC. The study also adopted simple random method. Primary data were gathered through standardized questionnaires, while secondary data on organizational performance were sourced from AFC’s financial reports and other relevant publications. Data analysis involved the use of descriptive and inferential statistics, including mean, standard deviation, Pearson correlation, and regression analysis, facilitated by SPSS version 29. It was found that a well-defined strategic direction, when effectively communicated and aligned with the organization’s operations, led to improved financial performance, operational efficiency, and customer satisfaction. Based on these findings, the study recommended several strategies for improving the performance of public corporations like AFC. It was recommended that AFC’s leadership enhance strategic communication to ensure that all employees are aligned with the organization’s vision, mission, and goals.Item Effect of liquidity risk on financial performance of commercial banks in Kenya.(The Strategic Journal of Business & Change Management,, 2024-08) Nyagah, Derebia; Kithinji, Moses; Mutegi, DoreenThe objective of the study was to assess the effect of liquidity risk on financial performance of commercial banks in Kenya. The theory reviewed was the pecking order theory. The study adopted descriptive research. The target population was 47 senior management, 128 middle management and 303 lower management employees working in the Commercial Banks’ headquarters in Nairobi. The study used stratified sampling technique. To learn more about the interest rate drivers and financial performance of commercial banks, the study used primary data. The reliability and validity of the study tools were examined using a pilot group of 22 participants. With the use of descriptive statistics like means, medians, standard deviations, and proportions, as well as the response rate, quantitative, data was evaluated using SPSS version 28, the statistical tool for the social sciences. To find out what mathematical model revealed the association between variables, multiple linear regression analysis was performed. It is common practice to conduct parametric tests that make assumptions about the data. The study showed that the independent objective namely liquidity risk, positively influenced financial performance of commercial banks in Kenya. The following recommendations were made; enhance liquidity management and strengthen regulatory frameworks for liquidity.Item Effect of online billing process on revenue collection performance of county government of Kajiado.(The Strategic Journal of Business & Change Management,, 2025-09) Saigilu, Jonathan Rayiani; Kithinji, Moses Muriuki; Mutegi, DoreenThis study examined the effect of online billing process on revenue collection performance in the County Government of Kajiado. Guided by the Optimal Tax Theory, the study employed a descriptive research design to investigate the relationship between the independent variable and revenue collection performance. The study targeted 195 respondents, including Executive Committee Members, Finance Personnel, and Revenue Officers, using stratified sampling to ensure representation. Data was collected through structured questionnaires, validated through pilot testing, and analyzed using both descriptive and inferential statistical methods. The findings revealed that online billing had substantial influence on revenue collection performance in the County Government of Kajiado, demonstrating its importance in ensuring accurate billing and effective taxpayer engagement. Correlation analysis further supported these findings, with strong positive relationships between online billing system and revenue collection performance. The results indicated that improving online billing systems can significantly enhance revenue collection by reducing inefficiencies, increasing transparency, and fostering taxpayer compliance. The study concluded that adopting and optimizing online billing systems is critical for achieving better revenue collection performance in county governments. The study recommended strengthening the online billing through continuous technological upgrades and robust taxpayer engagement mechanisms. Future research could explore the long-term impacts of electronic payment systems, their scalability, and inter-county comparisons to identify best practices. This study provided actionable insights for county governments aiming to improve revenue collection efficiency through digital transformation.Item Effect of cash management on financial performance of tier one deposit taking SACCOs in Kenya.(The Strategic Journal of Business & Change Management,, 2024-08) Mbabu, John; Kithinji, Moses; Mutegi, DoreenSACCOs rely primarily on member deposits as a source of funding for their lending activities, making effective cash management essential for maintaining member confidence, meeting withdrawal demands, and sustaining operations. The objective of the study was to determine the effect of cash management on financial performance of tier one DT-SACCOs in Kenya. The trade-off theory reviewed was based on the key variable. A descriptive research design was adopted for this study. One hundred sixty-six people, including accountants, credit managers, risk managers, internal auditors, and compliance officers, made up the target audience. The stratified sampling strategy was employed in this investigation. In order to gather primary data, the questionnaire was used primarily. In addition to obtaining formal consent from the National Council for Research, Science and Technology, the researcher sought university clearance. The study showed that the independent objective namely cash management positively influenced financial performance of tier one DT SACCOs. Managerial Recommendations: Enhance Cash Management. Policy Recommendations: Develop Comprehensive Cash Management PoliciesItem Profitaility and Dividend Payout among Construction Companies Listed At the Nairobi Securities Exchange(International Journal of Scientific Research and Management (IJSRM), 2021-07) Ghyslain, Makira Appolon; Mutegi, Doreen; Kiama, MichaelBeing one of the major drivers for investing in stocks, dividend payment has been center of interest among stakeholders mainly investors, management and academic fraternity in attempt to investigate the determinants of dividend payout. Besides the numerous studies that have been done on this subject, no amicable solution has been agreed upon regarding the influence of profitability on dividend payout with reference to listed construction firms. It is against this puzzle that this study aimed to determine the influence of the level of profit on the Dividend payout among construction companies listed at NSE. Anchored on signaling theory, the study adopted a descriptive design. A total sample population is constituted with all the five construction firms which are quoted on the Nairobi security Exchange, which constitute the sample size under the study. Secondary data was gathered by use of a secondary data collection schedule. The study performed both descriptive and inferential analyses. Results indicate that profitability significantly influences dividend payout. Based on the findings, the study rejects the null hypothesis that states that level of profit does not significantly influence dividend payout of construction companies listed at NSE and concludes that level of profit significantly influences dividend payout of construction companies listed at NSE. The study recommended that construction companies quoted at the Nairobi Security Exchange should aim to improve their levels of profit in order to facilitate plans of dividend payment.Item CASH RECONCILIATIONS AND THE FINANCIAL PERFORMANCE OF MEDIUM ENTERPRISES IN MANUFACTURING SECTOR IN NAIROBI COUNTY(International Academic Journal of Economics and Finance, 2021-07) Maina, Charity Wairimu; Muema, Wilson; Mutegi, DoreenThe majority of challenges faced by medium enterprises (MEs) are fraudrelated and could be avoided if in place there is a strong internal control system. The purpose of this study was to establish the influence of internal controls on the financial performance of MEs in the manufacturing sector in Nairobi County. The study was descriptive, the population for the study included 95 MEs in the areas of the food processing sector: flour milling, milk processing, and cooking oil manufacturing. The sample for the population was 77 MEs obtained through the Yamane formula at a margin error of 5%. Data for the study was collected using a questionnaire through the in-person drop and pick method. The study also collected secondary data from the financial statements of the companies on sales as well as net profit earned. Collected data was analyzed through descriptive analysis (frequency, percentages, mean and standard deviation) and inferential analysis through simple linear regression using SPSS. The study found that food manufacturing companies in Nairobi County utilize cash reconciliation, segregation of duties, inventory audit, cost management, and risk assessment as the internal controls. The study further revealed on cash reconciliation and financial performance β = 0.759, t=2.770 with associated p- value= 0.0079 which was less than 0.05). The study concluded that cash reconciliations had a positive and significant influence on the financial performance of MEs in Nairobi county. The study recommended for the manufacturing MEs in Nairobi County to keep petty cash records for reconciliation, have a real-time cash reconciliation register, reconcile payment receipts and invoice records, conduct ad-hock cash checks, have alert messages on bank transactions.