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dc.contributor.authorOuma, Amabel Amondi
dc.contributor.authorOmagwa, Job
dc.contributor.authorNgaba, Dominic
dc.date.accessioned2018-05-03T08:11:29Z
dc.date.available2018-05-03T08:11:29Z
dc.date.issued2018
dc.identifier.citationInternational Journal of Economics, Business and Management Research Vol. 2, No. 02; 2018en_US
dc.identifier.issn2456-7760
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/18346
dc.descriptionResearch Articleen_US
dc.description.abstractThe study sought to determine the effect of financial innovations on performance of Deposit Taking SACCOs (DTS) in Nairobi City County, Kenya. Most SACCOs in Kenya have sustained huge investment in innovations and training of manpower to handle new technologies. Thus, it remains unclear if adoption of financial innovations has major effect on DTS financial performance. The specific objectives of the study were: to determine the effect of new products, new service process and new organizational form on financial performance, and to determine the moderating effect of firm characteristics on the relationship between financial innovations and performance of DTS in Nairobi City County, Kenya. The target population was licensed DTS in Nairobi City County, Kenya whereas the accessible population was 19 DTS that had been operating and licensed by SASRA between the years 2010 to 2014. Purposive sampling technique was used to pick respondents; the sample size was 76 senior employees though only 68 responded. Primary data was collected using questionnaires while secondary data was obtained from financial statement of the SACCOs. Multiple regression analysis (standard), Hierarchical regression analysis and Descriptive analysis were used to analyse data with the aid of statistical programs SPSS version 21. The study found that new products and new service processes had significant effect on the financial performance while new organizational form had insignificant effect on liquidity and profitability and significant effect on capital adequacy. The study further found that firm characteristics had significant moderating effect on the financial innovations - performance relationship. The study generally concluded that financial innovations greatly influenced performance of SACCOs in Nairobi City County. We further conclude that firm characteristics positively moderate the relationship between financial innovations and performance. The study recommended that the SACCOs to adopt financial innovations strategies to enhance efficiency in all their operations boost profitability and expand their market share focusing on firm characteristics as a competitive advantage.en_US
dc.language.isoenen_US
dc.publisherIJEBMRen_US
dc.subjectDeposit Taking SACCOsen_US
dc.subjectFinancial Innovationsen_US
dc.subjectPerformanceen_US
dc.subjectFirm Characteristicsen_US
dc.subjectNew Service Processen_US
dc.subjectNew Organizational Formen_US
dc.titleFinancial Innovations and Performance of Deposit Taking Saccos in Nairobi City County, Kenyaen_US


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