Enterprise Risk Management (ERM) Practices on the Financial Performance of Non-Deposit Taking Savings and Credit Co Operative Societies within Nairobi City County, Kenya
| dc.contributor.author | Kisero, Jacob O. Kawene | |
| dc.date.accessioned | 2024-09-24T12:55:39Z | |
| dc.date.available | 2024-09-24T12:55:39Z | |
| dc.date.issued | 2024-03 | |
| dc.description | A Research Project Submitted to the School of Business in Partial Fulfillment of the Requirement for the Award of Degree of Master Of Business Administration (Finance Option) of Kenyatta University March 2024 | |
| dc.description.abstract | The overall performance of NDTs in operating within Nairobi and the entire country, Kenya has shown a significant decline and turbulence. The SACCOs have faced losses resulting from increase credit risk, embezzlement and misappropriation of funds, cybercrime, and weak governance practices. For instance, CBK, (2018) reported that the Kenya financial sector lost up to Kshs. 29.5 billion while singling out misappropriation of members’ deposits, accumulating risky assets and flouting prudential guidelines. Since 2011, the interest spread has been rather erratic. Operational risk has always existed for the NDTs due to the rise in the ratio of operating expenses to total assets. This study sought to determine how risk management strategies affected the NDTs in Nairobi in terms of their financial performance. Specifically, the study evaluated the effect of Internal Control Systems, Top Management Commitment to ERM, Risk Assessment and Internal Audit on financial performance of NDTs within Nairobi. The purpose of this study is to close the knowledge and information gap about the impact of ERM practices on the performance of NDTs in Nairobi, Kenya. The study population was 964 branch managers of the NDTs within Nairobi. Two hundred and seventy-four (274) questionnaires were administered to respondents of the sampled 274 non deposit taking SACCOs using purposive sampling. Analysis of the data obtained will be done using SPSS and multiple regression analysis. The study concluded that the highlighted ERM practices including internal control systems, risk assessment process, internal audit and top management commitment to ERM play a critical role in enhancing financial performance of the NDTs with a recommendation of replication of this study for validation purposes. Secondly a similar study with a larger number of SACCOs be sampled to provide an enhanced reflection of the situation on the ground, a similar study using sample of commercial banks to also be undertaken and the same study be conducted but with different indicators for ERM practice help improve knowledge of ERM practices on financial performance in general. | |
| dc.description.sponsorship | Kenyatta University | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/28823 | |
| dc.language.iso | en | |
| dc.publisher | Kenyatta University | |
| dc.title | Enterprise Risk Management (ERM) Practices on the Financial Performance of Non-Deposit Taking Savings and Credit Co Operative Societies within Nairobi City County, Kenya | |
| dc.type | Thesis |