School of Business and Economics

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Start date: 2020Has files: Yes

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    Influence of Managerial Factors on Implementation of Strategic Plans at National Health Insurance Fund, Kenya
    (Laikipia University, 2024-09) Gachie, Njeri Rahab
    One of Kenya's long-term strategic goals is to enhance Kenyans' overall well-being and indicators by moving the focus from curative to preventative treatment and improving health-care services. Over time, the National Health Insurance Fund (NHIF) has developed strategic plans to guarantee increased service efficiency. However, it remains unclear whether NHIF has been effectively implementing these plans owing to its reported unsatisfactory performance. This purpose of the study was to investigate the influence of managerial factors on implementation strategic plans at NHIF, Kenya. The specific objectives were to: examine the influence of leadership styles; assess the influence of resource allocation; evaluate the influence of managerial skills, and analyze the influence of staff motivation on implementation of strategic plans at NHIF, Kenya. The study was underpinned by the following theories; path-goal theory, dynamic capability theory, contingency management theory and expectancy theory of motivation. The study adopted a descriptive research design. The target population was 178 employees which comprised senior management, middle-level management, and technical staff from the three NHIF branches located in Nairobi metropolis namely; Nairobi region, Industrial area, and Westlands. A sample size was 124 respondents was determined using the Yamane formula. Stratified sampling technique was used for selecting participants in the study. The research instrument was a structured questionnaire which was administered using drop and pick method. Data analyses involved both descriptive and inferential statistics. Descriptive statistics included means, frequency and standard deviation while inferential analysis involved multiple regression analyses. Research hypotheses were tested using student p-value approach at 95% level of confidence. The findings of the study indicated that leadership styles, resource allocation, managerial skills and staff motivation had a positive and statistical significant influence on implementation of strategic plans at NHIF, Kenya. Hence, the study concluded that implementation of strategic plans at NHIF, Kenya was influenced by leadership styles, resource allocation, managerial skills and staff motivation at various degrees across the different management levels. The study recommends that NHIF should focus on enhancing its leadership practices, allocate adequate resources, invest continuous managerial skills enhancement and adopt a working environment that fosters staff motivation in order to ensured successful implementation of strategic plans. The findings of the study are expected to; serve as a theoretical foundation for scholars, researchers and academicians undertaking studies in the area, formulation of relevant policies to enhance strategy implementation in public organizations and assist management at NHIF to focus on the key success factors for implementation of strategic plans.
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    Effect of Budgetary Control on Delivery of Capital Projects in Samburu County Government, Kenya
    (Laikipia University, 2024-06) Lesorogol, Nelson Joseph.
    To meet their financial objectives, public entities frequently use budgeting as a tool for budgetary control. On the global level, budgetary control systems are used as planning and performance evaluation tools. The purpose of this study was to determine how the Samburu County Government's budget planning affected the completion of building projects. The objectives were to determine how the budget affects capital projects in the Samburu County Government, how monitoring the cash flow budget affects capital project delivery, and how capital-spending planning affects capital project delivery. The investigation into how budgetary control affects capital project delivery in the Samburu County Government was based on the financial theories of agencies, stakeholders, and institutions. A correlation study design was used to forecast the effects on operational budgets, cash flow budgets, and capital expenditure planning over five years between 2017 and 2021. Fifty employees from the 10 Samburu County ministries who work in the job groups J, K, and L were the focus of the study. These departmental leaders were actively involved in creating the budget. Because the target population was limited, the study used the census process to interview all 50 of the selected respondents. Surveys were used to collect the basic data for the study. The use of competent and administrative assumptions verified the substance's legitimacy. A pilot test was conducted at the Laikipia County Government to assess the dependability of the study instruments. The descriptive examination was used to summarize the acquired data. The data were analyzed for relationships using Stata 13, and the impacts were discovered using regression analysis for the impact of operation budget evaluation on capital project execution in Samburu County. The results of this study showed that capital project delivery in Samburu County was essentially affected by budget control, which clarified 77.3% of the fluctuation with P ˂ 0.05. The findings also demonstrated that the Public Finance Management Act 2012 significantly moderated the relationship between budget control and capital project delivery, where the effect size significantly increased to 85.3% of the variance with P ˂ 0.05. The findings of this study can assist county governments in better understanding the factors that influence county budget management frameworks and performance, as well as what ought to be changed to upgrade the aforementioned budget execution. Findings can also be helpful to academics while looking into how budgetary control affects the provision of public services. It may offer politicians and other decision-makers new insights into the delivery of capital projects and the management of public resources
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    Investor Characteristics and Their Effect On Investment Decisions Among Public University Workers in Kenya
    (Laikipia University, 2022-11) Mwaka, Musembi Samuel.
    Investment decision has become part of individuals’ lives in recent days. People invest in insurance policies, fixed deposits, shares, equities, real estate, mutual funds, and government securities among others. Universities are the peak of knowledge hence the community expects that workers in such institutions be on the frontline in making informed investment decisions. Although university staff work in the same environment, different investor characteristics affect their investment decisions differently. However, there is limited information on the moderating effect of mobile borrowing on the relationship between investors’ risk attitude, demographic profile, and socio-economic status on investment decisions. This study investigated investor characteristics and their effect on investment decisions among public university workers in Kenya. The objectives of the study were to; assess the effect of investor risk attitude on investment decisions among public university workers in Kenya, test the effect of the investor demographic profile on investment decisions among public university workers in Kenya, and determine the effect of socio-economic status on investment decision among public university workers in Kenya. The study also examined the moderating effect of mobile borrowing on the effect of investor risk attitude and socio-economic status on investment decisions among public university workers in Kenya. Capital Asset Pricing Model, Efficient Markets Hypothesis, Prospect Theory and Behavioural Finance Theory guided the study. The study adopted a descriptive survey research design with a target population of 2069 workers from the sampled Public Universities in Kenya. A stratified random sampling technique was employed from which a sample of 335 was used. Further, data was collected using a structured questionnaire. The questionnaires were administered using google forms. Data was analysed using regression analysis with the aid of SPSS version 26 software, and Microsoft excel. Charts, tables, graphs, and figures were used to present the results. The results of the study indicated that risk attitude had the biggest effect on investment decision-making since it explained 41.7 percent while socio-economic status explained only 27.5 percent variation in investment decision-making. Compared with other variables, risk attitude had the highest effect on investment decisions as it led to 0.630 units rise in investment decisions for every unit change. In addition, all the demographic factors influenced the choice of investment. However, gender, age and marital status had a negative effect on investment decision-making. The results also showed that investors between the age of 31-40 were willing to diversify their investments, unlike the other age groups. Mobile borrowing was found to moderate the relationship between investment decisions and its predictors. The study concluded that risk attitude was the leading predictor of investment decisions. Since workers between 31-40 years were found to have a much higher affinity for risk and investment, the study recommends that the government consider targeting civil servants and other professionals in this age group by providing them with investment incentives. Further, a similar study could be conducted to assess how mobile borrowing will moderate investment decision-making once the government operationalizes the new law governing mobile lending in the country. The findings of this research are significant in that they will benefit lenders in understanding how various categories of borrowers behave in the investment of the borrowed funds. This will lead to economic growth as most credit facilities will be granted to those likely to invest.
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    Factors Influencing Entrepreneurial Engagement By Students In Public Universities: A Case of Nairobi Metropolitan Region, Kenya
    (Laikipia University, 2024-08) Muithui, Wangui Leah.
    The aim of this study was to investigate the selected factors influencing entrepreneurial engagement among public university students in the Nairobi metropolitan area of Kenya. This study aimed to identify the psychological, socio-cultural, institutional and economic factors that influence entrepreneurial engagement, among university students. The study adopted descriptive research design. Specific areas studied were Nairobi, Kiambu and Kajado counties in the Nairobi metropolitan area. There are six public universities in this region that were included in the study, including the University of Nairobi, Kenyatta University, Jomo Kenyatta University of Agriculture and Technology, Kenya Technical University, Cooperative University, and Multimedia University. The target group included 1,006 public university students from incubation centres and actively involved in entrepreneurial ventures. The sample size was 286 respondents. In this study, open-ended and closed-ended questions were used to collect data. Data analysis involved the use of descriptive and inferential statistical techniques. Descriptive statistical data used frequency and percentage as well as measures of central tendency that were the mean and standard deviation. Inferential statistics on the other hand employed correlation and regression analysis. The results were presented in pie-charts, bar-graphs and statistical tables. Data for analysis was obtained from 279 out of the 286 respondents who returned the questionnaire representing an overall response rate of 97.5%. Overall, the findings showed that entrepreneurial engagements among university students could be positively predicted by the factors in the regression model. In particular, the results showed that the psychological well-being of students had a significant and positive influence on entrepreneurial participation among university students in the Nairobi metropolitan region implying that psychological factors significantly predicted students' entrepreneurial engagement in universities, t (278) =9.81;β=0.027; p<0.001). Regarding the Social factors, the study established that social factors have a positive influence on entrepreneurial engagement of university students implying that social factors significantly predicted entrepreneurial engagement of university students (t (278) =13.73; β=0.028; p<0.001). Further the study found that institutional related factors influenced entrepreneurial engagement of university students in doing business and working life implying that institutional factors significantly predicted entrepreneurial engagement among university students (t (278) =14.90; β=0.0308; p<0.001). Economic factors on the other hand significantly predicted entrepreneurial engagement (t (278) =14.38; β=0.0314, p<0.001) which implied that economic development had a positive influence on the entrepreneurial participation of students in public universities within the Nairobi metropolitan region. All the predicting factors (institutional, psychological, socio-cultural and economic) explained 49.11% variance of entrepreneurial engagement (adjusted R2= 0.49.11, F (4, 278) =95.33, p<0.001). This study concluded that university students need to discover, develop and use self-efficacy, innovation, management and fulfil the requirements in order to participate in entrepreneurship. Benefits such as business education, vocational training/curriculum and suitable workplaces should be created for young people who can attend business schools. It is important to encourage policy makers and university tutors to continue using entrepreneurship education as an effective strategy for teaching university students psychological skills such as good interpersonal skills, innovation, management, and the need for success.
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    Effect of Budgetary Control on Delivery of Capital Projects In Samburu County Government, Kenya
    (Laikipia University, 2024-06) Lesorogol, Nelson Joseph.
    To meet their financial objectives, public entities frequently use budgeting as a tool for budgetary control. On the global level, budgetary control systems are used as planning and performance evaluation tools. The purpose of this study was to determine how the Samburu County Government's budget planning affected the completion of building projects. The objectives were to determine how the budget affects capital projects in the Samburu County Government, how monitoring the cash flow budget affects capital project delivery, and how capital-spending planning affects capital project delivery. The investigation into how budgetary control affects capital project delivery in the Samburu County Government was based on the financial theories of agencies, stakeholders, and institutions. A correlation study design was used to forecast the effects on operational budgets, cash flow budgets, and capital expenditure planning over five years between 2017 and 2021. Fifty employees from the 10 Samburu County ministries who work in the job groups J, K, and L were the focus of the study. These departmental leaders were actively involved in creating the budget. Because the target population was limited, the study used the census process to interview all 50 of the selected respondents. Surveys were used to collect the basic data for the study. The use of competent and administrative assumptions verified the substance's legitimacy. A pilot test was conducted at the Laikipia County Government to assess the dependability of the study instruments. The descriptive examination was used to summarize the acquired data. The data were analyzed for relationships using Stata 13, and the impacts were discovered using regression analysis for the impact of operation budget evaluation on capital project execution in Samburu County. The results of this study showed that capital project delivery in Samburu County was essentially affected by budget control, which clarified 77.3% of the fluctuation with P ˂ 0.05. The findings also demonstrated that the Public Finance Management Act 2012 significantly moderated the relationship between budget control and capital project delivery, where the effect size significantly increased to 85.3% of the variance with P ˂ 0.05. The findings of this study can assist county governments in better understanding the factors that influence county budget management frameworks and performance, as well as what ought to be changed to upgrade the aforementioned budget execution. Findings can also be helpful to academics while looking into how budgetary control affects the provision of public services. It may offer politicians and other decision-makers new insights into the delivery of capital projects and the management of public resources.
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    Effect Of Budgetary Control On Delivery Of Capital Projects In Samburu County Government, Kenya
    (Laikipia University, 2024-06) Lesorogol, Joseph Nelson