ABSTRACT The Effects of Electronic Banking on financial inclusion in Kenya is not well documented. Recent studies on electronic banking have over-emphasized on the factors that affect this mode of banking. This study sought to determine the effects of electronic banking on the financial inclusion. The study sought to assess the effect of mobile banking, internet banking and agency banking on financial inclusion. This study used a descriptive research design. Stratified random sampling was emp...
ABSTRACT Resource Based Performance (RBP) is an innovative construct of an organisation, encompassing strategy, formal structure, and customer to supplier relationships; including innovation and technological capabilities; on which performance is tested. Firm success is not necessarily associated with market power or industry structure, but rather the result of innovation and new technologies which are critical in influencing the dynamics of external environment and competition. In essence, t...
ABSTRACT Globally, the demand for houses has immensely gone up in the last decade but their supply has been insufficient. Generally, real estate to a great extent relies on investment from loaned finances and the cost of financing. Housing affordability problem in Kenya is has caused many Kenyan families to spend in excess of 30-35% of their earnings on housing. This implies that property return in most circumstances are influenced by market forces of demand and supply. According to the Kenya...
ABSTRACT Microfinance institutions have grown faster since their origin, 1976 in Bangladesh; with the first being the Grameen bank. Countries like South Africa have also recorded consistent growth of microfinance institutions. In Kenya, deposit taking microfinance institutions have not been much effective because they possess internal issues such as interest rates that hinder their effectiveness. Studies show commercial banks account for 22.6% of the population while 17.9% is served by the mi...
ABSTRACT This study examines the determinants of capital flight in Nigeria and their effects on economic growth between 1970 and 2011. In analyzing the determinants of capital flight, eight (8) variables classified as political, economic and institutional were employed. These include: Degree of Openness, Inflation rate, Gross capital formation, Change in External debt, Deposit rate, Credit to Private sector, Interest rate differentials and Government consumption expenditure (GOCE). Six model...
ABSTRACT Revenue collection techniques are the various methods which an organization may use to collect sufficient revenue to enable them achieve good governance and efficient service delivery. Financial performance is measuring the results of a firm’s policies and operations in monetary terms reflected in the firm’s return on investment, return on assets and value added. Kisumu County Government has a potential to collect Kshs.7 Billion annually to support and facilitate service delivery...
ABSTRACT The role of public sector and more specifically the civil service in the effective delivery of public services that are key to the functioning of a state economy cannot be overemphasized. Constrained or ineffective service delivery affects the quality of citizens’ life and the national development process. Expectations from citizens are such that Government will establish and maintain utmost ethicality and integrity in the public sector. This minimum set of principles requires publ...
ABSTRACT Real estate investment trust performance is an ideal indicator of real estate industry as well as the whole economy. Since its onset in Kenya, REIT has been experiencing tremendous rise in profits from Ksh.106 Million in 2016 to 171 Million in 2017 and 193 Million in 2018. Whereas it has been experiencing increase in its profits there has been fluctuation in its stock returns over the years. A Real Estate Investment Trust phenomenon is a new venture in Kenya and Africa at large bring...
ABSTRACT Insurance companies have been playing a significant role in the commercial and multifamily market for many decades. Through decades of experience including many market cycles, insurers have developed loan structures that have become the standard for many competitors entering the long-term lending market. The insurance industry contributes to the economy by providing financial security, mobilizing savings and promoting direct and indirect investments. The gross domestic product (const...
ABSTRACT This study empirically examined the impact of foreign direct investment and financial sector development on economic growth of Nigeria. The study modified the standard endogenous growth model to incorporate the interactions of foreign direct investment and financial sector development as having complementary impact on growth. Using time series analysis from 1970-2011, the study tested for the time series property of the variables used and adopted Ordinary Least Squares (OLS), Co-int...
ABSTRACT The incentive for risk-bearing is central to activities in the capital market; and the perception of fair reward system, which reflects in securities prices, attracts more participants and stimulates new investments. Following what is often described as foundation of finance; a rational investor, in his utility preference dynamics, loves return but hates risk. Notwithstanding that this axiom rooted in the random-walk framework has shaped normative thinking in finance, empirical evid...
ABSTRACT This study investigates the impact of macroeconomic variables on stock prices in Nigeria. Since most of the previous studies in this area did not consider the topic at the individual firm’s level, the work therefore made an attempt to unravel the complex relationship between stock prices and macroeconomic variables at the market level as well as at the individual firm’s level. Secondary data on stock prices of selected firms, Nigerian Stock Exchange (NSE) stock price index and si...
ABSTRACT Using a dataset from universal banks in Ghana, the study takes advantage of the introduction of a Credit Referencing Bureaus (CRBs) by the Ghanaian Banking Industry in 2010 as a natural experiment to evaluate the impact of Credit Referencing Bureaus on bank credit risk and profitability. Making use of the Prais-Winsten estimation, the study established that CRBs were negatively related to bank credit risk in Ghana. This implies that banks that use the services and products of CRBs i...
ABSTRACT The study sought to examine the impact of free zones exports and free zones investments on economic growth in Ghana. The quarterly time-series data used for this study covered the period 1998 to 2015. Having identified unit roots in our endogenous variables, the Johansen cointegration test was conducted and it came out clear that our three endogenous variables of GDP, free zones exports and free zones investments were cointegrated and this enabled us to use the vector error correcti...
ABSTRACT This thesis investigates the link between Anti-Money Laundering (AML) and Enterprise Risk Management (ERM) as well as firm performance and ERM in the Ghanaian banking industry. The study attempts to construct two barometers; AML and ERM barometers using PCA methodology to gauge levels of compliance and adoption. The global financial system continues to be plagued with uncertainties that need effective dynamic operational risk management programmes in order to ensure financial institu...