External Factors Influencing Performance of Listed Firms on Dar es Salaam Stock Exchange

Mwenda, Beny; Ndiege, Benson Otieno; Pastory, Dickson

doi:10.1007/978-3-030-68836-3_25

Cited by 6 publications

(5 citation statements)

References 9 publications

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“…Therefore, from this result, the null hypothesis was rejected, meaning random effect was not an appropriate model to use. In addition, errors connected with each entity are unique, unsystematic and random, and show no correlation with FRM (Mwenda et al, 2021).…”

Section: Hausman Test Resultsmentioning

confidence: 97%

Effect of External Audit Opinions and Audit Committees on Financial Resource Management in Public Sector Entities

Mwombeki

2023

ijtc

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External audit opinions (EAO) and Audit committees (AC) have been studied in different contexts, yet the link between them and the management of financial resources, especially in government entities in Tanzania, has empirically not been captured. This paper examined the influence of EAO and AC on managing financial resources taking Tanzania government entities as a reference. It uses resources dependency theory to explain the main topic. Data were collected on 230 government entities from Controller and Auditor General (CAG) reports and audited financial statements for 2014/15 to 2019/20. Descriptive statistics and the Fixed effect technique were used to analyze data. The results show that unqualified audit opinion occurred most among public entities. Specifically, the qualified audit opinion occurred most in LGAs. Also, a significant frequency of AC weaknesses appeared in LGAs and Public BICA.Moreover, the estimation results show that audit report positively and significantly influences financial resource management (FRM), whereas AC weakness has a negative relationship with FRM. Therefore, the President’s office and the Parliament should emphasize the management of resources strategies in public entities, especially LGAs. This paper will add knowledge on EAO and AC as tools for financial resources management in government entities.

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Section: Hausman Test Resultsmentioning

confidence: 97%

Effect of External Audit Opinions and Audit Committees on Financial Resource Management in Public Sector Entities

Mwombeki

2023

ijtc

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“…The questionnaire aimed to gather information regarding the extent to which food processing SMEs adopt different forms of SSCMPs and their potential impact on the firms' financial sustainability. Each item was measured using a 5-point Likert scale, ranging from “1 = not at all” to “5 = very great extent.” To measure financial sustainability among food processing SMEs, we used profit margin (profitability) as a proxy (Mwenda, Ndiege, & Pastory, 2021a; Bekhet et al , 2020). Before the actual data collection, the questionnaire was pre-tested on 15 randomly selected food processing SMEs that were not part of the study population to evaluate its content validity.…”

Section: Methodsmentioning

confidence: 99%

The influence of sustainable supply chain management practices on financial sustainability of food processing SMEs

Mwenda

Israel

Mahuwi

2023

LBSJMR

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PurposeThe importance of sustainable supply chain management practices (SSCMPs) in the financial performance of firms is increasing significantly. However, the influence of SSCMPs on financial performance can vary across sectors and contexts. This research aims to provide a comprehensive understanding of the influence of SSCMPs on the financial sustainability of small and medium-sized enterprises (SMEs) in the food processing industry. For this, the influence of sustainable environment practices, customer and supplier relationships, social SCMPs and lean supply chain on the financial sustainability of food processing SMEs is studied.Design/methodology/approachA questionnaire survey was conducted to collect data from 56 food processing SMEs in Mbeya, Tanzania. The study employed a cross-sectional research design and a census approach to capture data from all eligible SMEs in the target population. Exploratory factor analysis (EFA) and multiple linear regression (MLR) were utilized as the primary data analysis techniques.FindingsThe findings of the study revealed a positive and significant influence of various SSCMPs on the financial sustainability of food processing SMEs. Specifically, sustainable environment management practices (β = 0.147, p = 0.000), supplier relationship management (SRM) (β = 0.715, p = 0.001), customer relationship management (CRM) (β = 0.894, p = 0.016), social SCMP (β = 0.901, p = 0.005) and lean supply chain practices (β = 0.675, p = 0.003) were all found to have a significant effect on the financial sustainability of the surveyed food processing SMEs.Practical implicationsThe study recommends the need to plan and integrate SSCMPs in firms’ operation processes, promote collaboration and networking and offer capacity-building initiatives that equip food processing SMEs with the necessary skills and knowledge to implement SSCMPs effectively. These will nurture effective adoption of SSCMP, leading to improved operations, environmental performance, financial sustainability and long-term viability of the sector.Originality/valueWhile SSCMPs have gained attention in the literature, the specific focus on its impact on financial sustainability in the context of food processing SMEs adds originality to this research. Industry stakeholders and policymakers can utilize the findings of this study to develop supportive policies and programs that promote sustainable supply chain practices and enhance financial sustainability in the food processing sector.

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“…The following advantages of the stock market were emphasized in Tanzania during a presentation to the Diaspora conference: By accessing the largest economy in East Africa, the company will be able to increase its profile, receive an objective value for its business, reward and encourage staff through share incentive plans, and get access to reasonably priced long-term funding (CMA 2011). Mwenda et al, (2021) conducted a study to establish the impact of listing on the Performance of Firms Listed at the Dar es Salaam Stock Exchange in Tanzania. They found that following listing, a firm's performance improved.…”

Section: Literature Reviewmentioning

confidence: 99%

An Assessment of the Effectiveness of the Enterprise Growth Market (EGM) as an Alternative Capital Market in Tanzania, A Case of Selected Companies

Magambo

2024

IJABS

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The two main obstacles to Tanzanian growth, according to the 2010 Micro, Small, and Medium Enterprises (MSME) Survey Report, are a lack of operating capital and restricted access to financial markets. The Capital Markets and Securities Authority (CMSA) conducted a study to address the financing issues faced by Tanzanian SMEs. The report proposed the creation of an EGM market sector at the Dar es Salaam Stock Exchange (DSE) to meet the capital-raising needs of SMEs. It is therefore the purpose of this study was to establish the effectiveness of the Enterprise Growth Market Segment as an alternative capital market in Tanzania. The study used quantitative study techniques. The population of the study included medium enterprises that have the potential to enlist in the EGM. The sample size is 150 respondents and only 142 responded. The researcher used both primary and secondary data. The study has revealed that the EGM is relevant for the growth of the country’s economy through the empowerment of the SME industry in Tanzania as it provides an alternative source of capital. However, the findings have revealed that the intended enterprises are still reluctant to use the window as they lack information, knowledge and difficult terms and conditions. The listed companies on the EGMs have performed fairly well in their IPO. It is therefore suggested that the DSE should do more sensitization concerning the window.

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External Factors Influencing Performance of Listed Firms on Dar es Salaam Stock Exchange

Cited by 6 publications

References 9 publications

Effect of External Audit Opinions and Audit Committees on Financial Resource Management in Public Sector Entities

Effect of External Audit Opinions and Audit Committees on Financial Resource Management in Public Sector Entities

The influence of sustainable supply chain management practices on financial sustainability of food processing SMEs

An Assessment of the Effectiveness of the Enterprise Growth Market (EGM) as an Alternative Capital Market in Tanzania, A Case of Selected Companies

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