11230 Records out of 22207 Records

The effect of macroeconomic factors on financial performance of commercial banks in Kenya

Author: Illo, Anne Deraso

Awarding University: University of Nairobi, Kenya

Level : MSc

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Macroeconomics/Economic impact/Financial performance/Commercial banks/Banking industry ;

Abstract:

The aim of this descriptive as well as correlational study was to detennine the effect of macroeconomic factors on financial perfonnance of commercial banks in Kenya. The perfonnance measure of commercial banks used was the Retum on Asset (ROA) which was regressed against the macroeconomic variables including GDP growth rate, the exchange rate (US dollar), the money supply (M3), Inflation (CPI), and Lending Rate of the sampled commercial banks. The period ofthe study was ten years from June 2002 to June 2012. The study employed quarterly secondary data which was obtained from the Central Bank of Kenya, Kenya National Bureau of Statistics and published quarterly financial statements from commercial banks selected in the sample. Data was analyzed using pooled Least Square Method which assumes linearity between the dependent variable and the independent variables and the analysis technique was multiple regression aided by research software 'eviews' version 7. The financial performance of commercial banks as measured by ROA was found to be positively correlated with GDP growth rate, money supply (M3), lending interest rate of individual commercial banks and inflation, and negatively correlated with exchange rate. The findings confinned the researcher's priori expectation that ROA would be both positively and negatively correlated with the independent variables. The rest of the paper is organized as follows: chapter one covers introduction to the study by addressing issues related to background of the study, statement of the problem, study objective and the significance of the study; chapter two focuses on literature review; chapter three is about the research methodology; chapter four covers data analysis, results and discussion; and lastly chapter five addresses summary,? conclusion and recommendation.

The impact of ICT adoption on financial performance of commercial Banks in Kenya

Author: Juma, Moses Wesutsa

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Impact analysis/Information technology/Bank technology/Financial performance/Commercial banks/Banking industry ;

Abstract:

The purpose of the study was to establish the Impact of ICT adoption on financial performance of commercial banks in Kenya. Information and communication technology (lCT) has become the heart of the banking sector, while banking industry is the heart of every robust economy. The research design used was Correlation. The population of study was the commercial banks in Kenya. The data collection instrument used was questionnaire which was administered by the researcher through drop and pick method. Responses were grouped into various categories for analysis using descriptive statistics. Statistical Package for Social Sciences (SPSS version 17) was used to analyze the structured questions while the use of descriptive statistics determined frequencies and percentages. The results were presented in prose, tables, bar graphs and charts. The study found out that ICT improved the operations, improved the liquidity and the asset quality in commercial banks in Kenya. This not only increased their markets but also helped the organizations to remain competitive in the market. ICT also deepen liquidity of banks in existing markets, for example by reducing excessive reliance on a narrow base of depositors for funding and improves on earnings, asset quality and this increased efficiency in the operations as a whole and especially in commercial banks in emerging markets and developing countries such as Kenya. The research indicates that there is need to adopt ICT innovations in order to improve the commercial banks' financial performance. In technological innovations, the banks should introduce ICT products that are relatively simple and standard and that offer clear value added. The rapid proliferation and diffusion of ICT in the Banking Industry in Kenya provides a platform to use modem technologies to develop operational efficiency and quality of service to attain and retain customers and in the process enhance the financial performance of the commercial banks.

Brand rejuvenation strategies and organization performance : a case study of New Kenya Cooperative Creameries Limited

Author: Ibrahim, Mohamed Abdi

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: New Kenya Cooperative Creameries Limited/Dairy industry/Organizational change/Financial performance/Brand image/Repositioning ;

Abstract:

Brand rejuvenation strategy IS considered to have occurred when a firm recovers adequately to resume normal operations often defined as having survived a threat to survival and regained sustainable profitability. In this light of a great brand rejuvenation strategy in terms of profitability and increased market share, this study seeks to document factors that are responsible for successful brand rejuvenation strategy of New KCC from the hitherto years of loss making. This study therefore set out to investigate brand rejuvenation strategies and organization performance at New KCC. This study adopted a case study. The study used both primary and secondary data. The researcher administered the interview guide through personal interviews from the senior management especially the strategic, marketing, operations, finance and procurement in the New KCC who were involved in strategy formulation and implementation process as they are appropriate in decision making as well as resourceful in terms of information on the brand rejuvenation strategies in the New KCC. Content analysis was used for data that was qualitative in nature or aspect of the data collected from the open ended questions. the Company has embraced the rejuvenation strategies to realized better performance after the fall of its predecessor. These techniques of brand rejuvenation illustrate that if the brand message is at the core of the re-branding effort, regardless of wider economic circumstances, consumers will stay true to the brand. Brands are born from competition and they can also die from it. As such, if the rejuvenated brand exists in a family of brands, its new strong and favourable associations can enhance the equity of the other brands in that family. For the Firm to become even more competitive there is need to change the product attribute and bringing out newer products with more uses so that the products can be more marketable. The company should implement more brand rejuvenating strategies which aim to change the perception of the customers' minds. The company should undertake the process in more than a couple of ways. This could be done through entering into newer markets or changing the brand elements and the perception in the minds of the consumers so that the market to enhance its marketing and therefore better performance.

Availability of hydro power plants and electricity consumer prices : a case study of Kenya Electricity Generating Company Limited

Author: Juma, Collins Gordon

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Hydroelectric plants/Electricity generation/Prices/Kenya Electricity Generating Company ;

Abstract:

The objectives of this study were to determine whether the availability of the KenGen Hydropower plants impacts on electricity consumer prices; to determine the general impact of the Power Purchase Agreements on the electricity consumer prices; and to interrogate the impact of liberalization in the electricity subsector on the electricity consumer prices. Primary data was collected by way of questionnaires which were administered to senior KenGen Management Staff while secondary data was obtained from Kenya Power and validated by the same data from Energy Regulatory Commission and KenGen. Primary data was analyzed using descriptive statistics while secondary data was analyzed using regression analysis model. One major finding of the study is that there is a negative relationship between consumer prices and Availability of the KenGen Hydropower plants. The study further demonstrated that Availability of the KenGen Hydropower plants does not affect the consumer prices. The use of the model developed to forecast the consumer electricity price is therefore not recommended as one might get predictions that are inaccurate. The study found that about 70 percent of KenGen's power generation consisting of hydropower was not a good strategy for consumers and KenGen needed to invest more in other energy sources. The study also emphasized that KenGen has the capacity and strategy to bring down electricity prices at the same time electricity prices would be lower if other independent producers also owned hydro power plants. This is also in line with the opinion of majority of the respondents that electricity prices would come down in the future.

Strategic responses by Kenyan airlines to the changes in the price of Aviation fuel

Author: Irungu, Eric Ndegwa

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Strategic management/Airline industry/Price increases/Gasoline ;

Abstract:

The study sought to determine the strategic responses by Kenyan airlines to the changes in the price of aviation fuel. It further investigated whether Kenyan airlines had adopted financial and/or non financial strategies, the extent to which these strategies had been implemented and the level of success that they had with these strategies in responses to the changes in the price of aviation fuel. The study was based on a census of the six airlines operating in Kenya. The respondents of the study were the Finance and Flight Operations managers in the respective airlines. A semi structured questionnaire was applied as the data collection tool which contained a mix of open-ended and closed-ended questions. Data was analyzed through the use of The Statistical Package for Social Sciences (SPSS). It was observed that Kenyan airlines have adopted a number of strategies in response to the changes in the price of aviation fuel. These have been through fleet management decisions, weight reduction programs and modification of flight operations procedures. It was further observed that these strategies have been applied in differing degrees by the respective airlines with varying degrees of success based on the total savings achieved. The study suggests further research studies in the area of the air traffic management and different operational practices hold some prospect for reductions in fuel usage or mitigation of environmental effects of aviation.

January effect on stock returns : evidence from Nairobi Securities Exchange

Author: John, Margaret Mwikali

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Rates of return/Stock prices/Nairobi Securities Exchange ;

Abstract:

The presence of the seasonal or January effect in stock returns has been reported in several developed and emerging stock markets. Over the last couple of decades, there has been a steadily growing interest in new and different forms of investment. The objective of this study was to investigate the existence of January effect on stock returns: evidence from Nairobi Securities Exchange. The target population for this study included 50 companies listed in the Nairobi Securities Exchange as at 31 December 2011. The study was carried out focusing on a period of ten years up to 2011. This study utilized secondary data. Data on the market share prices was obtained from the share prices as reported by N.S.E. Data collected was analyzed using simple linear regression and correlation analysis. The study concluded that January effect has no significant relationship with the stock returns at NSE. In particular the study established that although other studies find that volatility tends to be higher in January, this study fmds it to be period-specific and mostly in value-weighted return series, but not in equal-weighted return series. This is true for both the unconditional and conditional return volatility. The study findings indicate that there is no significant relationship between the mean monthly January Effect on stock returns and the mean monthly stock returns of February through December. Comparisons between our economy and other economies and stock exchanges to find out the reasons why the fluctuations are either positive or negative need to be done. A research on the macro-economic and other factors to find out the other causes of these fluctuations should also be done to shed more light on why there are these fluctuations.

Adoption of E-marketing in pharmacies in Nairobi

Author: Idenya, Edith K

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Electronic commerce/Marketing/Pharmaceutical industry/Drug stores/Nairobi, Kenya ;

Abstract:

ABSTRACT NOT AVAILABLE

The impact of inflation on stock market liquidity : the case of Nairobi Securities Exchange

Author: Jepkemei, Betty

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Inflation/Securities markets/Liquidity/Nairobi Securities Exchange/Stock exchanges ;

Abstract:

The relationship between inflation and stock market performance has intrigued researchers who have attempted to explain how a nominal variable such as inflation should determine a real variable (asset prices). Recent research findings have established the existence of a negative relationship between stock market performance and inflation. These findings contradict the hypothesis by Fisher (1930) who argued that stock returns should be positively related with expected inflation, providing a hedge against rising prices. This study investigated the relationship between inflation and liquidity of the Nairobi Securities Exchange. Liquidity of the stock market is vital if the market is to play a significant role in the development by facilitating mobilization of long-term capital. This therefore shows the immense potential that the Nairobi Securities Exchange may have towards fostering the country's economy should the Kenyan government promote a saving culture and consequently improve investments income of the populace through appropriate policies. The study's objective was to determine the impact of inflation on the liquidity of Nairobi Securities Exchange thus assess the validity of the Fisherian hypothesis using turnover rates at the Nairobi Securities Exchange and to draw policy conclusions and recommendations based on empirical findings. The study was conducted using annual data on selected stocks from a sample of twenty companies listed at the Nairobi Securities Exchange, for the period 2002-2011. Descriptive statistics and simple regression analyses were employed to estimate a single equation with stock market liquidity as the dependent variable and explanatory variables as inflation, interest rates and GDP growth. The study reports a negative relationship between stock market liquidity and inflation contrary to Fisher's hypothesis. The findings of this study shed light on the price discovery process at the Nairobi Securities Exchange indicating that investors fail to factor in the effect of inflation on stocks at the securities exchange. The study recommends increased investor education to remedy this anomaly.

Strategic responses by Aga Khan University Hospital to brain drain in the health sector in Kenya

Author: Imbuye, Isabel Injete

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Strategic management/Aga Khan University Hospital, Nairobi, Kenya/Brain drain/Human resource management/Medical personnel/Hospitals ;

Abstract:

Organizations are environment dependent since no organization can survive without interacting with its environment. This dependency calls for organizations to tailor their strategic planning in line with changes in the environment. The objective of this study was to determine the strategic responses by Aga Khan University Hospital, Nairobi (AKUHN) to brain drain in the health sector in Kenya. A case study design was used where qualitative data was obtained by the respondent through interview method. An interview guide was used to guide the researcher as the study sought to get information from the senior management of AKUHN. The senior managers interviewed were, the Chief Executive officer, Marketing manager, CT manager, Human Resource manager, Finance manager and the chairs of academic programs. The data collected was analyzed through content analysis. The results of the study demonstrated that AKUHN is an open system organization and it responds to challenges in its internal and external environment. Brain drain phenomenon is a challenge in the health sector in Kenya and AKUHN responded by diversifying its core business by opening the Aga Khan University ,Opening up new sites, use of modem technology, introducing new products ,using collaborations and alliances, and finally by backward integration of labour.

Determinants of residential real estate prices in Nairobi

Author: Julius, Susan Makena

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Real estate/Residential buildings/Property values/Nairobi, Kenya ;

Abstract:

Residential properties are properties that serve as housing or a dwelling and encompass single-family, duplexes and other multi-family homes. In Nairobi real estate industry has played a key role in the growth of the economy due to its high multiplier effect through increased investments in production and marketing of building materials, employment generation and wealth creation. In Nairobi real estate market, little has been done to check the set of forces behind the housing prices. As such the study sought to investigate the determinants of residential real estate prices in Nairobi. In this study a quantitative approach was followed. The researcher used data for the main players in the financial sectors which are mainly concerned with the regulation of the real estate industry. The study used secondary data which were largely quantitative and descriptive in nature. Data analysis was carried out by use of simple mean, standard deviations, percentages, regression and correlation analysis by use of Statistical Package for Social Sciences (SPSS) Version 21. The study found that the level of money in supply information can give economists and financial analysts a better understanding of the real estate market and its influence on real estate prices. To the financial analysts, it is important to realize the need to sensitize their clients to do more investment in real estate in municipality areas like Nairobi because there is need for more residential real estates. Further, they need to let financial institutions realize that real estate investment in such metropolitan and municipalities is not exhausted in financing so that they can open up possibilities for their client who would like to venture in the same.