The main problem facing tax authorities in any jurisdiction lies in persuading all tax payers to comply with obligations put on them by any tax system. Tax is an important stream of revenue for government’s development projects and therefore all efforts must be made by governments to ensure that it is accurately and efficiently collected so as to facilitate the government’s operations. Unfortunately, Kenya Revenue Authority does not collect all the taxes that it ought to. This is attribut...
ABSTRACT Total Quality Management (TQM) has availed to operations management key practices for measuring corporate performance in today's rapidly evolving environment. As a result food industries are adopting TQM practices to manage their operations for competitive advantage as well as improved operational performance. Previous studies have shown the importance of organizational performance, very few empirical examinations have been done on effect of TM on Operational performance. The overal...
ABSTRACT The Kenyan mortgage market has been experiencing slow growth despite the upsurge of housing prices over the last few years. All commercial banks offer mortgage finance but still only a small percentage of Kenyans have used mortgages. The objective of this study was to establish the factors that hinder investors from accessing mortgage finance in Kenya. It assesses the effect of income level, property registration, mortgage cost and mortgage information on access to mortgage finance....
ABSTRACT The purpose of this study was to investigate the effect of credit risk management practices on growth of SACCOs' wealth. The study was guided by four objectives; to determine the effects of credit risk identification practices on growth of Savings and credit co-operatives wealth, to establish the effects of credit risk analysis practices on growth of Savings and credit co-operatives wealth, to establish the effects of credit risk monitoring practices on growth of Savings and credit ...
Economic empowerment is an important goal for any Government. Agriculture is the main source of food as well as income of Kenya‘s economy. Various interventions and policies for ease of access to financial service have been carried out by different state and non-state agencies to achieve intermediate goals of enhancing the level of financial service providers, physical proximity, creating favourable economic factors, and addressing cross-cutting social contributory factors such as engenderi...
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 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 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 Taxation provides principal lenses in measuring state capacity, state formation and power relations in a whole society. In the evaluation of tax reforms in the developing countries, it is important to first determine the unique role of the tax system in each particular country. The main reason for undertaking tax policy reforms in Kenya was to address issues of inequality and to create a sustainable tax system that could generate adequate revenue to finance public expenditures. In t...
ABSTRACT The purpose of this study was to assess the effects of financial intermediation on business performance. The study was carried out on women owned micro and small enterprises in Kisii Municipality. Descriptive research design was adopted for the study. The study sought to : assess the extent to which financial intermediaries intermediates between savers and borrowers, to assess the level of business performance of micro and small women owned enterprises and ; to assess whether financ...
ABSTRACT The purpose of this study was to assess the effectiveness of the internal audit systems in the management of LATF in Kisii Municipal Council. The study objectives were to determine whether the LATF disbursements were used in accordance with the objectives of LATF and to establish the effectiveness of internal audit systems in the disbursements and use of LATF. A descriptive study design (survey) was adopted in conducting this study. The researcher targeted the upper and middle cadre...
ABSTRACT The business environment is increasingly becoming uncertain and unpredictable because of globalization, technological changes and trade liberalization. As a result, like large enterprises, SMEs are facing many new and unexpected challenges that threaten their performance and competitiveness. Strategic planning is a management tool that helps organizations focus their energy and resources to ensure that goals and objectives are achieved. The SME sector plays an important role in econ...