Browsing by Author "Irungu, Anthony Mugetha"

Now showing 1 - 6 of 6
  • Thumbnail Image
    Item
    Asset Quality and the Financial Performance of Commercial Banks in South Sudan
    (EdinBurg, 2023-11) Odongo, Gabriel Nyongesa; Irungu, Anthony Mugetha
    Banks are of great and noteworthy importance in preserving and promoting the advancement of diverse economic sectors, making them crucial components of the economy. They shift the resources' attention from areas with surpluses to those with deficits. However, majority of nations have encountered banking issues that have necessitated significant banking system reforms. The issues are primarily the result of domestic factors including poor banking supervision, ineffective management, and insufficient capital. Making sure companies participating in the sector are managed prudently is a crucial aspect of bank regulation. The primary aim of this study was to determine the effect of asset quality and the financial performance of commercial banks in South Sudan. An explanatory research design was used in the study. The target populace was commercial banks in South Sudan. There were 29 commercial banks that existed in South Sudan between 2017 and 2021. The study used purposive sampling to sample 23 banks that were in operation between 2017 and 2021. Secondary information was used in the study. For analysis, the obtained information was cleaned and imported into STATA 17. Descriptive statistics and regression analysis was conducted. The inferential statistics used were correlation and regression. Descriptive outcomes showed that the mean asset quality ratio from 2017 to 2021 for the commercial banks in South Sudan was 0.262, with the least asset quality ratio being 0.622 and the most being 4.395. Trend outcomes were clear that asset quality was inconsistent amongst South Sudan commercial banks. Outcomes were clear that asset quality negatively but significantly impacted by the performance. The study concluded that asset quality had a negative and noteworthy impression on financial success. As a result, the report advises banks to refrain from holding too many loans relative to their overall assets, as this reduces liquidity and negatively impacts the bank's ability to operate. The study suggests that banks implement appropriate credit risk management procedures. This is because inadequate credit risk management procedures lead to a large percentage of nonperforming loans, which eventually have a negative impact on commercial banks' profitability.
  • Thumbnail Image
    Item
    Effects of Debt Financing on the Financial Performance of Investment Firms Listed in Nairobi Securities Exchange – Kenya
    (IJARKE Journals, 2024-06) Gathogo, Stephen Mwai; Irungu, Anthony Mugetha
    Achieving optimal financial performance is imperative for businesses, especially in the competitive landscape of global markets marked by intense rivalry and an oligopolistic structure. Many companies listed on the Nairobi Securities Exchange (NSE) have adopted a strategy of leveraging debt to bolster their asset base and enhance profitability. Despite the anticipated benefits for operational support, historical trends underscore a concerning pattern. Companies heavily reliant on loans within their shareholders' wealth have consistently incurred substantial losses, leading to severe credit crises where their debts surpass their total wealth. This study, employing a descriptive survey design focusing on five NSE-listed investment firms, investigates the repercussions of debt financing on financial performance. Drawing on data from diverse sources, including CMA reports and online resources, the quantitative analysis reveals a clear correlation: debt financing corresponds to a decline in the financial success of investment firms. With a mean debt-to-equity ratio (D/E) of 1.247, suggesting adequacy for shortterm obligations, it aligns with the consensus that D/E should not exceed 2.0. The study underscores the need for policymakers and regulatory bodies, particularly the CMA, to formulate effective guidelines and policies for prudent debt management among listed investment firms.
  • Thumbnail Image
    Item
    Financial Resource Mobilization and Counties Sustainable Development in Kenya: A Case Study of Tharaka Nithi County Government
    (Stratford Peer Reviewed Journals and Book Publishing, 2025-07) Kabete, Mathew Muturi; Irungu, Anthony Mugetha
    County governments in Kenya are tasked with fourteen constitutional responsibilities, necessitating robust financial resource mobilization beyond national allocations. Despite possessing the potential to generate local revenue, most counties, including Tharaka Nithi, have underperformed due to financial inefficiencies.This study investigated how financial resource mobilization affects sustainable development in Tharaka Nithi County. The objectives included exploring how Own Source Revenue (OSR) can enhancesustainable development, identifying obstacles in financial mobilizationand proposing strategic, time-bound solutions. The study was guided by public goods and sustainable development theories. The study employed a mixed-methods approach, utilizing questionnaires and interviews from 100 participantsincluding county officials, national government officers, and citizens. Stratified random and purposive sampling ensured representative and expert input. Diagnostic tests like normality, multicollinearity, andheteroscedasticity confirmed data reliability. Instrument consistency was assessed through Cronbach’s Alpha and test-retest methods, while validity was established through expert reviews and pilot testing. Analysis using Excel and SPSS revealed that financial resource mobilization significantly influences sustainable development. The study found that taxes and levies (β=0.479, p=0.000), grant transfers (β=0.158, p=0.024), public-private partnerships (β=0.277, p=0.003), and income from county enterprises (β=0.147, p=0.034) positively impacted development.These resources support infrastructure, reduce inequality, and promote sustainable practices. Public-private partnerships were especially noted for enhancing infrastructure and service delivery. However, major challenges included bloated public payrolls, ethnic politics, illicit outflows, debt dependency, and corruption. The study recommends enhancing OSR by formalizing the informal sector, streamlining taxation processesand strengthening legal and institutional frameworks to build economic resilience and support long-term development.
  • Thumbnail Image
    Item
    Financial Technology Services, Government Regulations and Financial Inclusion of Small-Scale Fish Farmers in Homa Bay County, Kenya
    (Stratford Peer Reviewed Journals and Book Publishing, 2024) Opiyo, Fredrick Omondi; Musau, Salome Mwongeli; Irungu, Anthony Mugetha
    This study explored the impact of FinTech and Government Policies on Financial Inclusion for small-scale fish farmers in Homa Bay County, Kenya. The study focused on how access to finance has been widened through agency banking, mobile money and online banking services among these people who had low incomes or were marginalized. The research also examined whether government regulations affect the relationship between fintech channels and financial inclusion. The study was underpinned by Innovation Diffusion Theory, Financial Intermediation Theory, Technology Acceptance Theory and Public Interest Regulation Theory. This study employed causal research design with a sample size of 495 small scale fish farmers using stratified random sampling technique that yielded 144 respondents. Data analysis involved multiple regression, correlation analysis and diagnostic tests that utilized SPSS 26.0 for data analysis. The results showed that agency banking; mobile money services and online banking together explained 58.1% of variation in financial inclusion among the farmers indicated by R squared of 0.581.The findings revealed that Agency Banking had significant effect on financial inclusion (β = .231, p = .001 < .05), as well as Mobile Money Services (β = .196, p = .019 < .05) and Online Banking Services (β = .410, p = .000 < .05). Therefore, the study concludes that Agency Banking; Mobile Money and Online Banking play important role in enhancing financial autonomy among small scale fish farming communities through increased access to bank accounts, secured transactions processes and agent incomes respectively. In view of the findings, the study recommends that financial
  • Thumbnail Image
    Item
    Microfinance Services and Household’s Income among Saving and Internal Lending Community Groups in Evurore Ward, Embu County, Kenya
    (Journal of Finance and Accounting, 2024-06-28) Njeru, Caroline Wawira; Irungu, Anthony Mugetha
    The research established loans, savings and training services effect on the income of household’s income among saving and internal lending community groups in Evurore Ward of Embu County, Kenya. Greeman Bank model, Saving-Asset Accumulation model and Village Saving Model served as theoretical base of the study. Descriptive design was implemented following a population of 562 SILC practicing group members in Evurore Ward where proportionate sampling technique was applied to arrive at 291 respondents. Primary data was sourced employing the utilization of structured questionnaire. The outcome unveiled a significant positive effect of microfinance loans on household’s income; the effect of microfinance savings on household’s income among SILC groups was not statistically significant but positive; microfinance training had a significant positive effect on household’s income among SILC groups in Evurore Ward, Embu County, Kenya. The survey recommends that to further enhance the income-generating potential of SILC groups, it is necessary to promote increased access to microfinance loans. This can be achieved by collaborating with microfinance institutions, NGOs, and government agencies to expand the availability of microfinance loan programs tailored to the needs of SILC groups in the area.
  • Thumbnail Image
    Item
    Revenue Diversification on Financial Sustainability of Public Universities in Kenya
    (Journal of Finance and Accounting, 2024-07) Kimathi, Betty Kathure; Irungu, Anthony Mugetha
    Public universities play a critical role through academic empowerment of the citizens and actively participating in knowledge dissemination and research in society. However, despite being the centers of knowledge creation and development, one of the significant challenges facing public universities in Kenya is financial sustainability. This is evidenced by growing debt from financial institutions, unremitted statutory deductions, and shrinking government grants. Whereas proponents of sound financial management practices including revenue diversification hold the practices as possible solutions for financial sustainability of every organization, few studies have been done to ascertain this position in Kenyan public universities. Therefore, this paper sought to assess the effect of revenue diversification on financial sustainability of Kenyan public universities. The study used modern portfolio theory and financial sustainability model to discuss the variables. A descriptive research design was adopted while targeting 41 public universities for the study. Random sampling approach was applied to select 22 out of the 41 public universities. Using a secondary data collection template, secondary panel data was collected from the office of auditor general for the financial years 2018/2019 to 2022 / 2021.The study found revenue diversification had a negative significant impact on financial sustainability using gearing ratio and a positive significant effect on financial sustainability using sustainability ratio in Kenyan public universities. The study recommends that public universities should explore innovative alternative sources of revenue and close revenue-generating units whose marginal costs are higher than marginal revenues.