Indexing

Abstract: Schools’ administrations have developed diverse motivational strategies that have highly affected academic performance and character-building in these schools. The purpose of the study was to establish the effect of worker compensation on learners’ academic performance in the Adventist church-maintained schools in the Ranen Conference, Kenya. The study adopted a descriptive research design. The study involved a census of all the 68 workers (44 teaching staff and 24 non-teaching staff) in Adventist church-maintained schools in the Ranen Conference. Both qualitative and quantitative data were collected using interview schedules and questionnaires, respectively. Quantitative data were analyzed through descriptive and inferential statistics. The study found that the salary packages for the workers were not motivating them for good service delivery hence compromising quality learners’ academic performance. There was a significant positive relationship between worker compensation and learners’ academic performance. Therefore, the study recommends that the management review up the salary and remunerations to increase workers motivation for good service delivery and good service academic performance of the learners.

Keywords: Worker compensation, Academic performance, Adventist church, School, Learner.

Title: Effect of Worker Compensation on Learners' Academic Performance in the Adventist Church-Maintained Schools in Ranen Conference, Kenya

Author: Berine Otieno Ngore, Dr. Steve Ondieki, Dr. Janet Wagude

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Branding strategies refers to the ways businesses advertise their products to a specific market segment of a specific target market. Therefore, branding strategies have a direct relationship with consumer buying behaviors along with significant connection to non-consumer behaviors as well. The primary objective of the study is to understand and analyze the impacts of branding strategies on consumer and non-consumer buying behaviors as a case study for Mercedes Benz. Mercedes-Benz is an international segment of the German automaker Daimler AG that produces premium vehicles, buses, coaches, and trucks under the Mercedes-Benz label. The study conducted a short survey for the Mercedes-Benz users in Morocco and Turkey to measure the level of their attachment to the brand and used primary data. The study findings revealed that attachment to the brand is higher in Turkey than it is in Morocco, and the company performs better in the Turkish market except for the consumers' dissatisfaction with the price range that the company offers. However, this may be due to the difference in the exchange rate parities in Morrocco and Turkey.

Keywords: Branding, consumer buying behavior, customer satisfaction, customer loyalty.

Title: An Overview about the Mercedes Benz’s Existing Branding Strategies: A Comparison between Moroccan and Turkish Consumers

Author: ZINEB IDDOUTE

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Tea growers in KTDA Zone 9 have been complaining with regards to green leaves payout differential received at the end of every year with majority blaming the factories for under payment. They also receive low payouts, poor extension services, limited market channels, limited credit facilities all of which are blamed on low green leaves payout. Therefore there was need to establish the effect of production cost on second payout differentials of green tea leaves among Kenya Tea Development Agency Managed Factories in Zone 9. A cross sectional research design was used in this study. The target population of the study was 86 respondents who were 56 factory management staff, 19 directors and 11 Office staff. Primary data was collected using a structured questionnaire which was pretested using 16 employees of KTDA Zone 8 managed factories and the results was analyzed using Cronbach Alpha where a coefficient of 0.827 was achieved meaning that the instrument was reliable. Content validity of the research instrument was actualized by having marketing expert and the research supervisor scrutinizes the instrument and their comments included in the final data collection instrument. Descriptive statistics were expressed inform of frequencies and percentages while inferential statistics were expressed in form of regression coefficient. The study recommends that there is need for the KTDA managed factories to explore on other alternative sources of power for instance hydro power which is relatively cheaper. There is need also to procure their firewood land to reduce on the high rising cost of firewood fuel. Outsource transport services which are usually costly to the factories to maintain will go a long way in ensuring that KTDA managed factories reduces on tea production cost hence increase of payout to farmers.

Keywords: Payout differentials, Cost of Production.

Title: EFFECT OF PRODUCTION COST ON SECOND PAYOUT DIFFERENTIALS AMONG KENYA TEA DEVELOPMENT AGENCY MANAGED FACTORIES IN ZONE 9, KENYA

Author: Philip Kipngetich Ngeno, Dr. Lydia Langat, Dr. Joseph Kirui

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Previous studies show that most small-scale farmers acquire knowledge and adopt new agricultural technologies through contacts with extension services. Currently limited knowledge exists on the effect of socio-economic factors on the adoption of irrigation technologies among smallholder farmers in in Bomet County. To fill this knowledge gap, the study determined the influence of socio–economic factors on the adoption of irrigation technologies among smallholder farmers in Norgirwet Irrigation scheme in Bomet County. The Target population comprised of 400 small-scale farmers in Nogirwet Irrigation Scheme. The study adopted ex-post-facto research design. Simple random sampling technique was used to select a sample of 109 small-scale farmers. Data was collected using interview schedule and observation checklist. Data was analysed using frequencies, percentages, and Chi-square. The results revealed that 28% agreed that age played a significant role in adoption of irrigation technologies to a large extent, 55.1% to some extent and 16.8 were of contrary opinion. The results also showed that 4% agreed that gender played a significant role in adoption of irrigation technologies to a very large extent, 9% to a large extent, 26% to some extent, and 59% to a small extent. Only 9% were of contrary opinion. The results further revealed that 10.3% agreed that education played a significant role in adoption of irrigation technologies to a very large extent, 8.4% to a large extent, and 23.4% to some extent. 57.9% were of contrary opinion. The study recommends that relevant stakeholders, should come up with innovative irrigation solutions that will help boost production, more farmers need to be trained on the use of irrigation technologies as this intervention will help to cut the cost of production and help farmers to realize high-profit margins from their output.

Keywords: Socio-economic factors, Adoption, Irrigation technologies, Small-scale farmers.

Title: INFLUENCE OF SOCIO-ECONOMIC FACTORS ON THE ADOPTION OF IRRIGATION TECHNOLOGIES AMONG SMALL-SCALE FARMERS IN NOGIRWET IRRIGATION SCHEME, BOMET COUNTY

Author: Rono Reuben Kipngetich, Kibett Joash Keino, Kibet Noah

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Monitoring and evaluation is crucial aspect of project performance, but many organizations and governments experience numerous challenges in carrying out this critical function (Njeri&Omwenga, 2019). The first challenge pertains to knowledge, competency and skills that are necessary in carrying out effective M&E. The most affected projects are particularly the public projects due to inadequate understanding based on lack of effective development of M&E system. In addition, another constraint is associated to lack of regulatory and legal framework which affects M&E of most of the countries in the world. The issue that was investigated by the study was the assessment of the effects of monitoring and evaluation on performance of CDF projects in Kiminini constituency, Trans Nzoia County. The overall objective of the study was to assess the effects of monitoring and evaluation on performance of CDF projects in Kenya: a case of Kiminini constituency. The study concentrated on specific objectives which were: To examine the influence of monitoring and evaluation tools on performance of CDF projects in Kiminini constituency. To determine effects of stakeholders involvement in monitoring and evaluation on performance of CDF projects in Kiminini constituency. To establish the influence of monitoring and evaluation cost on performance of CDF projects. To establish the influence training in monitoring and evaluation on performance of CDF projects in Kiminini constituency. Stakeholder’s participation theory and evaluation theory were used in the study.The study used a descriptive survey design. The study targeted 25 CDF projects which were implemented in Kiminini constituency in the financial year 2018/ 2019. The target population for this study was3000 respondents comprising of CDF M & E Committee members, head of projects funded by CDF in Kiminini constituency, Project Committee members from the 25 projects: Chairman, Secretary and Treasurer, Community Leaders drawn from the five wards of Kiminini Constituency. Pilot study was carried out in Kwanza constituency involving 35 respondents. Three hundred and fifty three (353) questionnaires were distributed to the target population in Kiminini Constituency. The study findings showed that monitoring and evaluation tools are well assessed if they are applicable in organization activities and that employees are well trained on monitoring tools in organization project. The findings further showed that organization consults widely on the best monitoring tools to be used and audits its financial tools in controlling its project cost. The findings showed that stakeholders are not adequately involved in the M&E design phase. The study findings further revealed that the respondents doubt if stakeholders are involved in preparation of M&E timetables and work-plans. Also, stakeholder’s feedback is not sought during all stages of M&E.  The findings of the study revealed that M&E budgets are not sufficient for implementation of projects. The study further showed that M&E staff wages are not usually paid promptly. In addition, the study revealed that the respondents are of the view that M&E budget should be about 5 to 10 percent of the entire budget. Improve effectiveness of M&E. In addition, establishing the M&E department is necessary in improving the project performance. Finally the study established that the choice of M&E techniques improves the practice of M&E.This study recommends that project managers and team should assign clear responsibilities to stakeholders to aid in planning and accountability. This study recommended that stakeholders should be involved in data collection process. The constituency should ensure M&E budget is sufficient to enable it carry out monitoring and evaluation process. This study recommends that staff wages must be paid promptly to motivate the staffs to carry out M&E appropriately.

Keywords: Monitoring, evaluation, cost, training, technique, tool, performance and practice.

­­­­­­­­­­­­­­­­­­­­­­­­­Title: EFFECTS OF MONITORING AND EVALUATION ON PERFORMANCE OF CONSTITUENCY DEVELOPMENT FUNDED PROJECTS IN KENYA: A CASE OF KIMININI CONSTITUENCY

Author: Isaac, wafula, Dr. William Sakataka, Dr. Joseph Gichure

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: This study introduced leader exchange member theory and proposed that shared leadership predicts open innovation to address this gap. The researcher used voice behavior (team voice), moderate shared leadership, and open innovation association.

The researcher used a case study research design and obtained information from Skol Brewery Limited (SBL) in Rwanda. Questionnaires were designed and administered to employees online. The paper used a correlation matrix and hierarchical regression to examine the direct and indirect effects.

The study indicated that shared leadership was significantly and positively related to team voice and open innovation.  The interaction term (shared leadership-team voice) contributed an additional 22.7% of open innovation. Moreover, the study showed that shared leadership was positively and significantly related to open innovation at high team voice. In comparison, the association between shared leadership and open innovation is weak at low team voice.

Keywords: Shared leadership; Team voice; Open innovation.

Title: The Impact of Shared Leadership on Open Innovation

Author: Georgine Furaha

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publication

Abstract: The purpose of the study was to determine the effect of education on human development dimensions in TransNzoia Kenya.  The specific objective of the study was to examine the literacy levels on human development in TransNzoia Kenya. The study adopted a descriptive research design with a target population of 3500 employees from Trans County in Kenya and a sample size of 400 employees. The data collection instrument was questionnaire. The study’s procedure of data collection was drop and pick method. Piloting was done for testing the validity and reliability of the data collection instrument of the study.   Multiple regression was employed to test the significance of the dependent variables on the dependent variable to the others with aid of SPSS version 21.  Based on the findings, literacy level (β = 0.209) was found to be positively related human development in Trans-Nzoia County, Kenya. From t-test analysis, the t -value was found to be 1.305 and the ρ -value 0.000. Statistically, this null hypothesis was rejected because ρ<0.05. Thus, the study accepted the alternative hypothesis and it concluded that literacy levels affects human development. The study was significant to stakeholders of TransNzoia County which should invest in education since it leads to work-employment, social and well-being satisfaction in society and education acquired contributes immensely towards personal development.

Keywords: Literacy Levels, Human Development.

Title: EFFECT OF EDUCATION ON HUMAN DEVELOPMENT DIMENSIONS: A CASE OF TRANS-NZOIA COUNTY, KENYA

Author: Samuel Kipyakwayi Wabwile, Dr. William Sakataka, Elizabeth Nambuswa Makokha

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: The goal of the present study was investigating the short-term implications of the capping of interest rate on the microfinance institutions’ financial performance in Kenya.This study was guided by three main objectives, which are: to examine the impact of interest rate capping on deposits of financial performance of microfinance institutions, to investigate the impact of interest rate capping on financial performance, and lastly, to determine the effect of the interest ratespread on the overall financial performance. Literature review of these specific objectives and theories that are related have been explained in-depth in chapter two. A three quarters before and three quarters after interest rate capping from CBK Banking Survey 2016, and 2017,CBK Statistical Bulletin 2016 and 2017 secondary data were used.Descriptive analysis, correlation analysis and regression analysis were used to perform the data analysis. The mean of deposit performance one quarter before interest rate capping came to effect stood at 0.8833while for loan performance stood at 0.0765567and that for return on assets stood at 0.09083.On the other hand, the mean for interest rate cap on loan performance, interest rate cape on deposit performance and interest rate spread stood at 0.00. The mean of deposit performance after interest rate capping came to effect stood at 0.8733 while for loan performance stood at 0.08695and that for return on assets stood at 0.09325.On the other hand, the mean for interest rate cap on deposit performance stood at 0.9217, interest rate cap on loan performance stood at 1.0229 and interest rate spread stood at 1.1510. The mean of deposit performance three quarters before interest rate capping came to effect stood at 0.00while for loan performance stood at 0.07199 and that for return on assets stood at 0.09325.On the other hand, the mean for interest rate cap on loan performance, interest rate cape on deposit performance and interest rate spread stood at 0.00. The mean of deposit performance three quarters after interest rate capping came to effect stood at 0.8833 while for loan performance stood at 0.09762 and that for return on assets stood at 0.08183.On the other hand, the mean for interest rate cap on deposit performance stood at 0.9566, interest rate cap on loan performance stood at 1.0244 and interest rate spread stood at 1.1064.The means for interest rate cap on deposits, interest rate cap on loans, interest rate spread, deposits performance, loan performance and return on assets stood at 0.9481, 1.0241, 1.1171, 0.8850, 0.09895 and 0.08040 respectively  one year after interest rate cap. An analysis of the effects of interest rate capping on the overall performance of microfinance institutions in Kenya shows that indeed interest rate capping law positively affected the deposit and loan performance and return on assets of microfinance institutions in Kenya though to a smaller extent.

Keywords: Deposit Rate Capping, Interest rate capping and Loan Rate Capping.

Title: IMPACT OF INTEREST RATE CAPPING ON THE FINANCIAL PERFORMANCE OF MICROFINANCE INSTITUTIONS IN KENYA

Author: MURIUKI WILSON NDUMA, DR. OLUOCH OLUOCH

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publication

Abstract: Employee compensation is the remuneration received by an employee in return of their contribution to the organization; it is a form of pay given to an employee which arise from the employment and it is either in form of monetary or non-monetary for better service delivery. There has been frequent unrest by county staff and this in many occasions has led to poor service delivery hence the need for this study to examine the relationship between indirect financial compensation practices and service delivery among employees of County Government of Kericho. The study adopted a cross-sectional research design where a sample population of 354 respondents was randomly selected from a target population of 3108 permanent employees working in all the ministries and departments in the County Government of Kericho. Structured questionnaire was the primary data collection instrument which was validated by experts in Human Resource where their comments were incorporated in the final data collection instrument. Reliability of the research instrument was determined using Cronbach’s Alpha coefficient where coefficient values of 0.847 was achieved from a pilot study that was done in Bomet County which showed that the instrument was reliable. Descriptive statistics was used for quantitative data analysis and were presented in form of tables The study recommends that; employees should be provided with housing facility; competitive salary and wages, relevant allowances; bonuses; career advancement; natured; respected, praised, recommended and acknowledged so that they are encouraged and motivated to offer better service.

Keywords: Human resource management, Service delivery, Employee compensation practices, indirect financial compensation.

Title: INDIRECT FINANCIAL COMPENSATION PRACTICES AND SERVICE DELIVERY AMONG EMPLOYEES OF COUNTY GOVERNMENT OF KERICHO, KENYA

Author: Livingstone Kipkoech, Dr. Joseph Kirui, Dr. Hellen W. Sang

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Managing risk is one of the basic tasks.The risk and return are directly related to each other, which means that increasing one will subsequently increase the other and vice versa. And, effective risk management leads to more balanced trade-off between risk and reward, to realize a better position in the future (Fatemi and Fooladi, 2006). Globalization and internationalization has increased the risk of firms in the developing countries. This is due to competition from within and outside the countries by either directly from other or indirectly through access to International trade. Management of financial risks has been a big concern for investors, analysts, managers and shareholders around the world. This study therefore sought to evaluate the effect of financial risk exposure on market performance of public listed commercial banks in Kenya. The study specifically focuses on influence of credit risk on the market performance of public commercial banks in Kenya, influence of currency risk on the market performance of public commercial banks in Kenya, influence of liquidity risk on market performance of public commercial banks in Kenya. The study is hinged on the Credit risk theory, Extreme Value Theory and Shiftability Theory of Liquidity.This study adopted quantitative research design. This study used all the 11 listed commercial banks in Kenya as its population. The researcher used secondary data which was extracted from the CBK website specifically the Statistical Bulletin. The research employed use of data collection sheet and hardware and software tools. The hardware that was used included a computer which was used to run the software components necessary to give the research results. The researcher used secondary data which was extracted from the CBK website specifically the Statistical Bulletin. The period of the study ranged from 2009 to 2018 and the study used both income statement and financial statements of all 11 listed commercial banks in the Country.The t-statistic was used to test the hypotheses at 5% confidence level. The data was run using SPSS.Data was also analyzed using ANOVA for purposes of determining if there is a relationship between financial performance and market performance of commercial banks.The study investigated the effect of credit risk on the market performance of Kenyan banks considering mainly variables related to lending activities.The coefficients of the financial ratios of non performing loans and advances in the regression model which are indicators of the level of credit risk have negative effect on the market performance.The study also investigated the effect of currency risk on the market performance of Kenyan banks by considering degree of Kenya Shillings Exchange Rate as the indicator.The analysis of the currency risk shows the degree in which changes in the degree of Kenya Shillings Exchange Rate can have an adverse impact on the market performance.Finally,the study investigated the impact of liquidity risk on the market performance of Kenyan banks.Liquidity risk has a negative significant effect on the market performance.From findings, it is recommended that management of Kenyan commercial banks should enhance their capacity in credit analysis and loan administration. The study recommends that clear credit policies and lending guidelines should be established.Management also is required tomake sure that the terms and conditions are adhered to in loans approval.The study also recommends that commercial banks should explore avenues to enhance capacities within banks for managing currency risks.Finally,the  study also recommends that it is vital for the management of the Kenyan bank to be aware of its liquidity position in different product segment.This will help in enhancing their investment portfolio and providing a competitive edge in the market.

Keywords: credit risk, currency risk and liquidity risk.

Title: EFFECT OF FINANCIAL RISK EXPOSURE ON MARKET PERFORMANCE OF LISTED COMMERCIAL BANKS IN KENYA

Author: PETERSON WANJOHI WANGARI, DR OLUOCH OLUOCH

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Microfinance institutions are the backbone of most economies in the world. Most of these companies use external financing sources like debt and equity capital to finance their activities. However, in general, in the area of Microfinance institutions  access to finance, there are market imperfections - not only in times of crisis, but on an on-going basis as a fundamental structural issue, based on uncertainty and asymmetric information between the demand side (entrepreneur) and the supply side (financial intermediary). Various surveys on access to finance show that bank loans and overdrafts are the most widespread debt financing methods for Microfinance institutions, but that alternative sources like leasing and factoring have also a high relevance. The objective of this research is to find out the effect of lease finance conditions on the financial performance of Microfinance institutions in Kenya. In this research the researcher analyzed the effect that various conditions of lease finance have on the financial performance of the Microfinance institutions. This study used descriptive research design as it seeks to establish the relationship between the independent and dependent variables. In descriptive survey design the events or conditions already exist, the researcher just selected the relevant variables and their relationships.Data collection was undertaken by use of questionnaires. The questionnaires comprised closed ended questions.The questions generated data that was analyzed using quantitative techniques. Data collection was done systematically and both primary data and secondary data was collected and analyzed. The study developed its conclusions from the major findings. Conclusions were classified according to the objectives of study. Regarding lease charges flexibility and financial performance, the study concluded that indeed flexibility of lease charges is imperative since it led to balanced cash flows within the Microfinance Institutions. Equally, the study concluded that Microfinance Institutions should practice flexible charges since it attract a wider clientele which will in turn increase profitability and reduced capital expenditure in their operations. On the same note, the study concluded that for the Microfinance Institutions to acquire a good cash flow   developed from its increased liquidity, they must embrace flexible lease charges. The study finally concluded that flexible lease charges improves company’s budgetary planning and even its control which are the desired ingredients to financial performance of Microfinance Institutions.

Keywords: Lease Charges Flexibility, Lease Term Flexibility and Leased Asset Management.

Title: EFFECTS OF LEASE FINANCE DYNAMICS ON THE FINANCIAL PERFORMANCE OF MICROFINANCE INSTITUTIONS IN KENYA

Author: PAULINE MUMBI TANU, DR. OLUOCH OLUOCH

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications

Abstract: Accounting information systems are increasingly used and viewed as important in all spheres of operation including education where it has become valuable for storing and analyzing data in school financial management which includes budgetary allocations, expenditures, students’ fees payment and general accounting. It is a government policy that all schools’ operations be automated for easy management and despite considerable growth in the use of computers acquired by schools in Kenya in recent years, there has been little evaluation of their effectiveness on service delivery. The study specifically sought to establish the effect of software use in accounting information systems on service delivery in public secondary schools in Kericho County. The study was guided by Technology Acceptance Theory. The study employed descriptive research design. The study targeted principals and school accountants of all the public secondary schools in Kericho County who totals up to 400 where a sample size of 200 respondents was sampled. Simple random sampling and stratified sampling technique was used to select respondents. The study used primary data which was collected using self-administered questionnaires. Quantitative data was analyzed using descriptive statistics with the aid of SPSS version 23.0 while qualitative data was analyzed using inferential statistics. Analyzed data was presented using tables and graphs. The findings shows that accounting information software use affect service delivery (T = 8.072, p<0.05. There is need for training on use of accounting information system; segregation of duties be implemented so that users of the systems are monitored or evaluated based on every financial transaction and that capacity building be organized for workforce so that they give quality service.

Keywords: Accounting Software, Accounting Software, Service Delivery.

Title: EFFECT OF ACCOUNTING INFORMATION SOFTWARE USE ON SERVICE DELIVERY IN PUBLIC SECONDARY SCHOOLS IN KERICHO COUNTY

Author: Benard Bii, Willy Rugutt, Joseph K. Rotich

ISSN 2349-7807

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

Paper Publications