Browsing by Author "Waweru, Fredrick Warui"

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    Effect of Board Size on Tax Planning Amongst Firms Listed at the Nairobi Securities Exchange, Kenya
    (International Journal of Social Science and Humanities Research, 2023-07) Guyo, Mohamednur brahim; Waweru, Fredrick Warui
    Tax planning is one of the critical tools used by both government and firms to achieve optimum revenue. Tax laws are formulated by different government authorities to derive maximum benefit from tax provisions. Although tax preparation might boost profitability, it can also come at the expense, preventing businesses from optimizing revenue by tax planning. For example, when corporate structure is a requirement for getting the intended tax advantages, possible expenses can arise if tax planning is disputed by taxation, resulting in brand damage. Various studies have been carried out on board attributes and tax planning among different sectors and different nations all this having mixed results. Therefore, this study sought to investigate the effect of board size on tax planning amongst firms listed at the Nairobi Securities Exchange, Kenya. The sample for the investigation included 65 Nairobi Securities Exchange listed companies listed between 2014 and 2021, and secondary panel data was collected from these companies using a census sampling technique. The study adopted descriptive and panel regression techniques of analysis which has some diagnostic tests. Ethical standards were adhered to in the study. Revelation from the survey showed that board size significantly in a manner that is positive with effect on tax planning of listed firms. The report consequently suggests that board size be decreased to improve tax planning effectiveness for Kenyan listed companies at the Nairobi Securities Exchange. This would enable the board of directors of the companies to facilitate decision-making within the shortest time frame possible
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    Equity Investment and Financial Performance of Listed Investment Firms in Kenya
    (Stratford Peer Reviewed Journals and Book Publishing, 2024) Kimorop, Abigael Jeruto; Jagongo, Ambrose Ouma; Waweru, Fredrick Warui
    The maximization of an organization benefit is vital and remains the critical goal of any institution in business. Investment decision making in most corporate institutions is regarded as a financial underlying decision executed by top management in the financial sector which include financing decisions and dividends decisions. Making a decision on why to invest on various financial securities is a fundamental goal to the financial performance of an investment firms. Large organizations are faced with portfolio investment problem; this is because there are so many investment projects to be invested on. Nearly all the listed investment firms in Kenya have registered declining profitability in the last five years. The aim of the study was to assess how equity investment affected financial performance of listed investment firms in Kenya. Modern portfolio theory anchored this investigation and was supported by expected utility theory, liquidity preference theory and active portfolio management theory. Explanatory research design provided basis for this research. The study focused on all five listed investment firms in Kenya. The study employed census since investment firms in Kenya are few and can be studied in the entirety. Informed by the availability of already published information, this study obtained data from secondary sources where it covered a period from 2011 to 2021. Since the study targeted various firms in different periods then panel analysis was considered the most appropriate mode data analysis that was borrowed. This mode of analysis enabled the study to test the relationship of study variables as envisaged by the study goal. Finding of the study found out that equity investment positively and significantly affected profitability of listed investment firms in Kenya. Based on the results it can be concluded that equity portfolio investment is an essential predictor of financial performance. The study recommends the usage of the finding as benchmark by regulators in improving investment of portfolio selection in the capital market
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    he Influence of Budget Planning on Financial Expenditure: Evidence from Tier One Commercial Banks in Nairobi County, Kenya
    (International Journal of Current Aspects in Finance, Banking and Accounting, 2024) Maina, John Karanja; Waweru, Fredrick Warui
    This study examines the influence of budget planning on financial expenditure among tier one commercial banks in Nairobi County, Kenya. The research was grounded in Agency Theory. Using a descriptive survey design, data was collected from 112 respondents across six tier one banks. The study employed correlation and regression analyses to investigate the relationship between budget planning practices and financial expenditure. Results indicate a strong positive correlation between budget planning and financial expenditure (r=0.684, p<0.01). Regression analysis revealed that budget planning significantly influences financial expenditure (β=0.327, p<0.05),explaining 32.1% of the variance. The findings suggest that effective budget planning practices lead to improved control over financial expenditure in tier one commercial banks. This study contributes to the understanding of budgetary control practices in the Kenyan banking sector and provides practical implications for bank management