Effect of Group Composition and Formalization on Financial Performance of Investment Groups in Kenya

Kirui, Rose; Onyuma, Samuel O.

doi:10.11648/j.ijefm.20190702.13

Cited by 4 publications

(4 citation statements)

References 30 publications

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“…Studies have also focused on public debt dynamics and their implications for fiscal policy in Kenya. Kirui and Onyuma (2019) explored the determinants of public debt sustainability in Kenya, emphasizing the need for prudent debt management strategies. Kiamba et al (2020) assessed the impact of public debt on economic growth in Kenya and found evidence of a threshold level beyond which debt becomes detrimental to economic performance.…”

Section: Public Debtmentioning

confidence: 99%

The Effects of Fiscal Policy Shocks on Aggregate Demand and Economic Growth in Kenya: A VAR Analysis

Tiony

2023

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The current study examines the association amongst fiscal policy and macroeconomic variables using a Vector Autoregression (VAR) approach. The researcher aims to examine the dynamic paraphernalia of fiscal policy shocks on real GDP growth and interest rates, as well as to provide insights into the transmission mechanisms and policy implications. The analysis is based on a comprehensive dataset comprising key fiscal policy indicators, tax revenue, government expenditure, real interest rates, and real GDP growth for Kenya from 1998 to 2023. The VAR model is estimated, and robustness of results was assessed through various tests. The findings reveal that increases in government expenditure and tax revenue positively impact economic growth, while fiscal policy variables also influence interest rate dynamics. These results have important implications for policymakers in designing effective fiscal and monetary policies to stimulate economic growth and maintain financial stability. The current research contributes to the existing literature on fiscal policy and macroeconomic dynamics and suggests potential avenues for future research.

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Section: Public Debtmentioning

confidence: 99%

The Effects of Fiscal Policy Shocks on Aggregate Demand and Economic Growth in Kenya: A VAR Analysis

Tiony

2023

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“…Studies also indicate that companies that have maintained gender diversity for about four to five years also significantly outperform those without female representation. Kirui and Onyuma (2019) note that the benefits of gender inclusivity extend beyond financial returns. The findings of Etiang (2020) suggest that there is a link between CSR and gender-inclusive leadership.…”

Section: Gender Mainstreamingmentioning

confidence: 99%

Effect of CSR on the Financial Performance of Financial Institutions in Kenya

2022

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Corporate social responsibility (CSR) is an integral path towards realizing vision 2030 and the sustainable goals of the UN, as well as the sustainable development of individual countries. However, in recent years it has become increasingly clear that these goals cannot be achieved without sustainable corporate practices. Previous research seeking determine the effect of CSR on the financial performance of various institutions have yielded different results, leaving geographical, sectorial, and scholarly gaps. This study aimed to discover the effect of CSR on the financial performance of financial institutions in Kenya, as this country lacks a direct association between CSR and corporate financial performance (CFP). We focused on examining the effect of ethical, charitable, and gender-mainstreaming CSR activities on the financial performance of financial institutions in Kirinyaga County. A study population of 300 employees working in the financial institutions in Kirinyaga County was included, and a sample of 171 participants was selected using stratified and systematic sampling techniques. A causal research design was adopted, and data were analyzed using SPSS software. Questionnaires were administered in person to gather primary data. The study found a strong positive relationship between CSR practices and the financial performance of financial institutions and recommends that firms invest more in ethical, charitable, and gender-mainstreaming CSR activities, as such activities positively influence their financial performance.

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“…This involves deciding the amount to be invested in any particular financial security or asset, depending on the group objectives and the risk levels agreed on. For a start, investment groups usually invest in largely low risk to medium risk securities, as has been shown by Kirui & Onyuma (2019). As they grow they move into high risk investment portfolios.…”

Section: Conclusion and Policy Prescriptionmentioning

confidence: 99%

Organizational Structure and Financial Performance of Investment Groups Participating in Kenyan Capital Markets

2020

JPID

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The idea behind collective investment through group formation has shape the investment growth in Kenya. Individuals come together to form homogeneous or heterogeneous groups to enable them raise adequate investment capital. They invest in an array of assets and portray different financial performance. However, there is scanty evidence on how the form in which an investment group is organized affects its financial performance. Therefore, the objective of the study was to assess the effect of organizational structure on the financial performance of investment groups in Kenya which invests in capital market securities. Descriptive survey design was used and stratified and simple random sampling techniques were used to select a sample of 130 investment group members and 130 investment groups, which invest in capital markets. Data was analyzed using both descriptive and inferential statistics. The results indicated that group organizational structure generally positively and significantly affects financial performance of investment groups in Kenya. The group organization structure dimensions having a significant positive effect on group financial performance were organization form, financial management, accounting and auditing. The study recommends that policies should be created to encourage incorporation and formalization of investment groups as a strategy to spruce up their financial performance. Registrar of groups should insist on registration only for groups which are registered for tax and with articles and memorandum of associations detailing clear rules for joining, exit and sharing of group profits.

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Effect of Group Composition and Formalization on Financial Performance of Investment Groups in Kenya

Cited by 4 publications

References 30 publications

The Effects of Fiscal Policy Shocks on Aggregate Demand and Economic Growth in Kenya: A VAR Analysis

The Effects of Fiscal Policy Shocks on Aggregate Demand and Economic Growth in Kenya: A VAR Analysis

Effect of CSR on the Financial Performance of Financial Institutions in Kenya

Organizational Structure and Financial Performance of Investment Groups Participating in Kenyan Capital Markets

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