ABSTRACT The study was set out to establish the relationship between working capital management and dividend payout ratio of listed firms in Nairobi securities exchange (NSE). Several studies in Kenya have explored on working capital management and profitability. No studies have been done on working capital and dividend payout ratio with specific reference to listed firms in Kenya. The objectives of the study were; to determine the relationship between accounts receivables collection period ...
Risk based supervision (RBS) is a structured approach that concentrates on the identification of potential risks faced by firms and the assessment of the financial and operational factors in place to minimize and mitigate those risks. Risk Based Supervision aims at promoting transparency, providing early warning signals and encouraging the regulated entities to self-evaluate their position at regular intervals. Little research has been done on the effect of RBS as adopted by the capital marke...
ABSTRACT Most federations face the problem of accommodation, which mainly concerns the management of diverse competing interests within the system. There is paucity of studies that integrate issues of power sharing; revenue allocation and political restructuring that have militated against effective political accommodation in Nigeria’s federalism. The study examined how these contentious issues were managed within the period 1993-2007 towards achieving an effective and successful federal f...
ABSTRACT The East African Community has recorded rising and persistent current account balance in the last ten years. The countries namely, Kenya, Uganda, Tanzania, Burundi, and Rwanda have maintained current account deficits which were above five percent of their Gross Domestic Product. This trend has raised the concerns among economists and trade experts regarding the sustainability of the imbalances and the measures of alleviating them. If not addressed, the deficits may erode the bloc’...
ABSTRACT Financial management is a critical component of efficient working capital management of both small and large firms. MSEs business remain the most dynamic force and agent of economic growth and development of a nation. However, MSEs sector have the problems of accessing funds for their working capital because they do not have securities. Despite the provision of fund by MFIs, many MSEs businesses still fail because they neglect the principal of efficient working capital management. T...
ABSTRACT Remittance flows in Sub-Saharan Africa have increased for the past two decades. However; empirical literature fails to reach a consensus on the impact of remittances on economic growth, with many studies using aggregate data that suffers from aggregation bias. Given that there are different categories of remittances resulting from varying patterns of remitting, there was a need to specifically the effect of each component of remittances on economic growth. This will help in optimal ...
ABSTRACT The modern devolution development across the globe has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved expenditure. There is however, little empirical evidence to validate these assertions in Kenya. Most empirical studies across different countries have used different methods of analysis, different time periods and diverse techniques of measuring variable which have generated mixed conclusions and others are inconclusive. More so, in ...
Summary Burnout as a measure of stress has generated research interest in the past two decades. However, there is a dearth of research on this interesting and important phenomenon in Nigeria. This study compared burnout and its associated factors in various health professionals working at the University College Hospital, Ibadan, Nigeria. Two hundred and sixty health care providers were sampled from 5 main units: Theatre/Intensive Care Unit (ICU), Accident and Emergency (A & E), Oncology, Den...
ABSTRACT Populations of avian species continue to decline worldwide due to the various types of habitat degradation. This is the case with Hinde’s Babbler which is listed as Vulnerable in the IUCN Red List with isolated populations confined to some parts of central and eastern Kenya. The purpose of this study was to asses and compare its current population status in MNP, Ngaya Forest Reserve and agricultural landscapes. This survey was conducted between June and December, 2015 covering dry...
ABSTRACT The current financial service market is complex and offers consumers a vast array of products and services to meet their financial needs. The degree of choice requires that consumers be equipped with the financial knowledge and skills to evaluate the options available in the market. Studies by (Beal & Delpachitra, 2003, Nyamute & Monyoncho, 2008) on the effects of financial on personal financial decisions indicate contradicting results. This study was carried out to establish the ef...
ABSTRACT Commercial banks are very important in an economy as they mobilize savings for productive investments and facilitating capital flows to various sectors in the economy, thus, stimulating investments and increase productivity. Their operations are guided by monetary policy actions under central bank directives. Currently banks charge 18 per cent, as per Central Bank of Kenya data, with some borrowers paying as high as 24 per cent for short- to medium-term loans contrary to the policy ...
ABSTRACT Investment groups provide a system of pooling together capital, lowering risks per individual and availing cheap capital for individual and MSEs growth. The objective of the study was to assess the effect of the group composition and formalization on the financial performance of investment groups in Nakuru Town. Descriptive survey design was used to gather information that could be used for statistical inference on the target population through data analysis. Stratified and simple r...
Abstract The present study evaluated the efficacy of an individualized psycho-education (PE) program in reducing psychological distress and risky sexual behavior and enhancing self-disclosure associated with an HIV diagnosis among attendees of a walk-in non-governmental voluntary counseling and testing (VCT) center in Nigeria. Ninety-four consecutive individuals were asked to complete a pre-counseling, baseline questionnaire detailing their sociodemographic characteristics, psychopathology, ...
ABSTRACT Human immunodeficiency virus (HIV) is a virus that damages cells of the body‟s immune system. Acquired immunodeficiency syndrome is a collection of symptoms and infections resulting from damages caused by HIV in the immune system. HIV/AIDS affects both the young and the old regardless of their gender, economic or social status. It is a killer disease which has continued to pose a grave threat to the health, economic, social and living standards of the community and more so to the ...
ABSTRACT This study was undertaken in Lagdera District of Garissa County, a semi-arid area where nomadic pastoralism forms the bedrock of people’s livelihoods. The study aimed to analyze pastoralist’s household livelihood vulnerability to drought hazards over the last two decades. The study was motivated by several concerns. First, there is need to understand vulnerability of pastoralist livelihoods to drought hazards in the arid and semi-arid areas of Kenya. This will help us understand...