Theses and Dissertations
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Item The Effect Of Financial Innovations On Financial Performance Of Commercial Banks In Kenya(KCA University, 2017) Muia, SarahThe financial institutions have embraced changes by exploiting the capabilities presented by the Information and Technology. Financial innovations adopted by commercial banks refer to the development of new products and new ways of delivering products to customers. The specific objectives of the study were; to determine the effect of electronic fund transfers, mobile banking and internet banking on financial performance of commercial banks in Kenya. This study had a target population of an aggregate of all the commercial banks that are licensed and regulated by the Central Bank of Kenya with a sample of twelve commercial banks. This study used secondary data from Central Bank of KenyaNational payments Statistics supervisory reports and bank annual reports. This study collected data for a period of seven years.Data was analysed using STATA. A multiple regression model was used to establish the relationship between the electronic banking, mobile banking and internet banking on the Return on Assets of the commercial banks. The study has found that financial innovations have an influence on the performance of commercial banks in Kenya. The study found out that variations in Return on Assets could be explained by electronic funds transfers, mobile banking and internet banking. The study further established that all variables, that is, electronic funds transfers, mobile banking and internet banking affect Return on Assets positively. The study thus recommends that it is important for commercial banks to prudently adopt financial innovations as it has both positive effects on performance of commercial banks in Kenya.Item Influence of leverage on financial performance of deposit-taking SACCOS in Kenya(Kca University, 2016) Kimani, Grace Wanjiku.In today’s business environment, deposits taking SACCOs are now competing with commercial banks for customers. Deposits taking SACCOs have therefore resorted to borrowing from commercial banks to satisfy their member’s demand for loans. Member deposit as source of finance in Deposit taking SACCOs also attract interest which must compete with banks rates on deposit. The influence of leverage on financial performance of deposit taking SACCOs is therefore crucial in helping management make informed capital structure decisions. While past studies on capital structure in Deposit taking SACCOs in Kenyan have used correlation and regression analysis, no paper has considered long term debt, short term debt and total debt separately. The purpose of this study was to investigate influence of the different levels of leverage on the financial performance of deposit taking SACCOs in Kenya. The measure of financial performance were return on assets, return on equity and earnings per share. This study adopted a descriptive research design. Since the period of the study was four years from year 2011 to year 2014 our population was the 44 Deposit taking SACCOs licensed in 2011. The study used data limited to deposit taking SACCOs that were registered with Sacco Society Regulation Authority (SASRA) for the period of four years from year 2011 to year 2014. This study applied panel regression data analysis. The study concludes that debt financing influence the performance of SACCOs. The three levels of debt financing that is total debt, long term and short term debt has varying effect on financial performance of SACCOs. Total debt to assets ratio was seen to be positively linked to return on assets while long term debt had an inverse relationship with return on assets. Short term debt had insignificant relationship with the three measures of performance that is return on assets, return on equity and earnings per share. The study therefore recommends that based on these findings managers in SACCOs should focus more on short term debts to finance their operations rather than long term debts in order to give favorable financial results.Item Effect Of Investment In Financial Innovations On Financial Performance Of Commercial Banks In Kenya(KCA University, 2016) Kiptum, Abraham K.The use of financial innovation in commercial banking in Kenya is on the rise in as a policy of mitigating the challenges posed by the dynamic banking environment. This study aims at establishing the contribution of this use of financial innovation on the financial performance of the commercial banks in Kenya. The dependent variable are institutional innovation, product innovation and marketing innovation. The dependent variable is financial performance (Return on Asset). The previous research work did not use all the independent variable but most on specific individual innovations. The study adopts a descriptive study where use of panel data was used in the data analysis of the secondary data collected from published financial records or from the finance departments of commercial banks in Kenya. The target population included the 41 commercial banks in Kenya. It adopted a census survey where 41 banks were used in the study and there was no sampling since the population size was small. Regression and correlation analysis was used to study the relationship between the dependent and the independent variables of the study. These were employed to analyze the data and find out whether there was any effect of financial innovations on financial performance of commercial banks. The study used descriptive statistics such as mean and standard deviation to describe the data with regard to the variables. The effect of each type of innovation on financial performance will be assessed using regression analysis. The findings would be used to make recommendations regarding the use of financial innovation as policies of ensuring competitiveness in the commercial banking sector in Kenya.Item Effect Of Financing Strategies On Financial Performance Of Real Estate Firms In Kenya(Kca University, 2022) Karuntimi, Jacob K.With the ballooning state of real estate companies and entrance of new financing strategies in Kenya, it is vital to investigate the role of some of the newly adopted financing strategies. Besides, volatility of returns for real estate companies appears high with some collapsing in the last decade. This study examined the relationship between financing strategies and financial performance of real estate firms in Kenya. The financing strategies considered included: private equity, joint venture, mortgage and retained earnings. The study also examined the moderating effect of firm size on the relationship between financing strategies and financial performance. The study utilised secondary data that was drawn from a sample of fifty five real estate firms for a time span of six years from 2015 to 2020. In data analysis, panel estimation procedures were performed. Empirical results from the study show that financing strategies play a significant role on financial performance of real estate firms. Specifically, private equity, joint venture and mortgage finance had a positive but statistically insignificant influence on financial performance. Retained earnings positively and significantly influenced financial performance. Further, it was found that firm size had a moderating effect on the relationship between financial components and financial performance. The study recommends that real estate firms should use retained earnings to fund investments as this has highest positive benefits. Moreover, real estate companies should strategically enter into private equity, joint venture and mortgage agreements as this too can improve financial performance.