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 Effect of Management CompetenceonFinancial Sustainability of Community Conservancies in Northern Kenya(Journal of Finance and Accounting, 2(1), 19-27, 2022) Lekaldero, Evans Riat; Ndegwa, James; Omanwa, ClemenceThe survival and expansion of organizations all over the world depend on their capacity to maintain their financial viability. Community conservancies in Kenya struggle to survive and grow financially.This paper sought to assessthe effect of management competenceon the financial sustainability of community conservancies in Northern Kenya. The study was anchored on theagency theory. It adopted the explanatory research design and a cross-sectional approach. Primary data was collected using a semi-structured questionnaire. Data was analyzed using descriptive and inferential statistics. The findings indicated that management competencehad a positive and significant effect on the financial sustainability of community conservancies in Kenya. The study concluded that management competencepositively contributesto enhanced financial sustainability. The study recommended that community conservancies management should strengthen aspects related to management competence. There should be a proper delegation of duties aimed at empowering employees. Managers should demonstrate the right attitude, skills,and knowledge.Item EFFECT OF COMMUNITY PARTICIPATION ON FINANCIAL SUSTAINABILITY OF COMMUNITY CONSERVANCIES IN NORTHERN KENYA(African Journal of Emerging Issues, 2022-08) Lekaldero, Riat. Evans.; Ndegwa, James; Omanwa, ClemenceFinancial sustainability is critical to the survival and growth of organizations all around the world. In Kenya, community conservancies face a significant financial problem to survive and flourish. This paper sought to determine the effect of community participation on financial sustainability of community conservancies in Northern Kenya. Methodology: The study was anchored on the agency theory. It adopted the explanatory research design and a cross-sectional approach. Primary data was collected using a semi-structured questionnaire. Data was analyzed using descriptive and inferential statistics. Findings: The findings indicated that community participation had a positive and significant effect on the financial sustainability of community conservancies in Kenya. The study concluded that community participation positively contributes to enhanced financial sustainability. Recommendations: The study recommended that community conservancies’ management should strengthen aspects related to community participation. In particular, the community should be involved in decision making process. The number of community members working in the conservancies should be increased. There should be workshops to train and create awareness to community members on the importance of conservationItem The Mediating Effect of Firm Revenue on the Relationship Between Board Characteristics on Financial Distress of Deposit Taking Saccos in Nairobi County, Kenya(International Journal of Finance & Banking Studies, 2021-09) Nguta, Munene Halldess; Ndegwa, JamesThe upper Echelons Theory reiterates the importance of top management in an organization and recognizes that the mangers make decisions that grow the entity. Before the establishment of this theory, the premise was that larger firms which drive high amounts of income, are capable of running themselves without failure. Although Organizations that command large amounts of income are deemed to be successful the upper echelons theory holds that these entities cannot be successful without proper management and guidance by top management where the board of directors in this case is considered as top management organ for SACCOs. Savings and Credit Cooperatives (SACCOs) require good governance to avoid the experience of financial distress. The current research was therefore aimed at establishing the influence of firm revenue on the relationship between board characteristics and financial distress of deposit taking SACCOs in Nairobi County. Large entities command more revenue as compared to small firms. Board Characteristics is of importance to this study because it influences Corporate Governance which according to previous research has shown that the practice helps revolutionize performance of various institutions. The study is guided by upper echelons theory which reiterates the importance of top management. Descriptive research design was adopted while Nairobi County was purposively chosen and a census was carried out on deposit taking SACCOs in the county. Secondary data was collected from SASRA using a data collection sheet and a panel data analysis performed using STATA software and findings were presented using tables. The study concluded that firm revenue does not mediate the relationship between board characteristics and financial distress of Deposit Taking SACCOs. Though firm revenue should be enhanced, governance should be improved since it remains a critical success factor in alleviation of financial distress.