scholarly journals Related party transactions and financial distress of Savings and Credit Cooperative Organizations (SACCOs) in Kenya

2021 ◽  
Vol 10 (1) ◽  
pp. 131-138
Author(s):  
Susan Jepkorir Mursoi ◽  
Willy Muturi ◽  
James Ndegwa
Keyword(s):  
Financial Distress ◽  
Panel Data Analysis ◽  
Computer Software ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
The Body ◽  
Systematic Sampling ◽  
Related Party Transactions ◽  
The Government

The widespread failure of DT SACCOs in Kenya is likely to lead to a loss of confidence among the current and potential members of the DT SACCOs in Kenya and eventually threatens to kill the sector. The study examined the effect of related party transactions on financial distress in DT-SACCOs in Kenya; the study adopted the following theories as to the basis of analyzing the collected data; wrecker’s financial distress theories and Agency theory. The target population was 176 Deposit-Taking SACCOs. Secondary data was obtained from SACCOs records as published by SASRA. The study used a systematic sampling technique based on the sampling formula by Taro Yamane (1967) to obtain the appropriate sample size of 68 DT SACCOs. Data were analyzed using STATA computer software. Data collection covered seven (7) year period from 2008 -2014, this period of 7 years was selected for the study because SASRA has enacted in 2010 therefore the justification for the choice of the study period, that is 3 years before and 4 years after SASRA enactment. The study established that related party transactions had a significant effect on financial distress in DT SACCOs in Kenya. The implications of the findings are that if the DT-SACCOs do not manage related party transactions then they will continue experiencing financial distress. The government through SASRA therefore should enact strict regulations in directors borrowing from SACCOs. The study has expounded on the body of knowledge on measures of financial distress in finance by introducing new relationships established. In terms of the contribution of the current study to innovation, the study used panel data analysis while other studies used OLS.

Examining the Home Factors that Influence Performance in KCSE in Secondary Schools in Mbeere North Sub-County of Embu County, Kenya

2019 ◽  
Vol 1 (1) ◽  
pp. 32-41
Author(s):  
Magdalene Wanjiru Njagi
Keyword(s):  
Secondary Schools ◽  
Low Income ◽  
Survey Design ◽  
Sampling Technique ◽  
Target Population ◽  
Systematic Sampling ◽  
Government Schools ◽  
Parental Occupation ◽  
Private And Public ◽  
The Government

The purpose of this study was to identify the home factors that influence performance in Kenya Certificate of Secondary Education (KCSE)  in secondary schools in Mbeere North Sub-county. A survey design was used to conduct this study.  The study was carried out in Mbeere North Sub-county, which is one of the divisions of Mbeere north Sub County. Mbeere North Sub-county has 4 locations. The target population was all private and public secondary schools in Mbeere north Sub County containing an estimated population of 2002 students, 113 teachers and 12 headteachers. Samples from the government schools in Mbeere North Sub-county were selected using stratified sampling technique. Purposive sampling to select the headteachers and teachers was used. The use of systematic sampling was employed; therefore, ten per cent (10%) of the target student population was incorporated in the sample of the population. A pilot study was conducted in one of the secondary schools but not included in the sample. Data was collected on variables such as parents' occupation, parents' commitment to students' learning, among others. Descriptive statistics such as percentages and frequency distribution were used in the presentation of the data. There was found to be a positive correlation between various home factors such as absenteeism, miraa farming and parental occupation and academic achievement.  The findings from this study also suggest that students who performed dismally in KCSE examinations also were from homes where parents had low-income occupations (peasants). The study recommended that strict discipline should be instilled in students, while the community is sensitized concerning drug use and abuse.

scholarly journals Analysis of the Related Party Transactions in terms of managerial and financial issues for the Kenyan Savings and Credit Cooperatives

2021 ◽  
Vol 10 (1) ◽  
pp. 48-61
Author(s):  
Halldess nguta Munene ◽  
Ken Mugambi
Keyword(s):  
Financial Distress ◽  
Panel Data Analysis ◽  
Secondary Data ◽  
Related Party Transactions ◽  
Board Characteristics ◽  
Descriptive Research ◽  
Data Collection Sheet ◽  
Credit Cooperatives ◽  
Key Factor ◽  
The Relationship

Related party transactions are a key factor to the sustainability of Savings and Credit Cooperatives (SACCOs). In view of this fact, loans to directors and staff are viewed as a factor which can greatly influence savings and credit cooperatives into either falling into financial distress or helping them to remain a float and become financially stable entities. The stakeholder theory holds that entities should be managed a manner that will satisfy every stakeholder. The stewardship theory reiterates that managers have the organisation at heart and can it to profitability as if it were their own. However approval of loans and other transactions to managers and staff, may not positively impact the entity. This study was designed to establish the effect of related party transactions on the relationship between board characteristics and financial distress of deposit taking SACCOs in Nairobi County. We applied Descriptive research design on Deposit taking SACCOs in Nairobi County which was identified purposively while a census was conceded for all deposit taking SACCOs in the county. We obtained secondary data from SASRA using a data collection sheet after which we performed panel data analysis by use of STATA software. Findings were presented using tables. The study concluded that related party transactions influenced the relationship between board characteristics and financial distress of Deposit Taking SACCOs in Nairobi County. Related party transactions can be an avenue of causing financial distress and should be kept as low as possible. The regulator should come up with a tool based on Altman’s Z score models to predict financial distress in SACCOs in order to offer timely advice to alleviate more distress and consequent bankruptcy which may lead to closure of SACCOs. Another research may be carried out to establish other factors causing financial distress and how to turn around the SACCOs already in distress.

scholarly journals The Influence of Liquidity, Leverage, Company Size and Profitability on Financial Distress

2021 ◽  
pp. 11-17
Author(s):  
Andi Runis ◽  
Dedy Samsul Arifin ◽  
Arifuddin Masud ◽  
Ummy Kalsum
Keyword(s):  
Financial Distress ◽  
Panel Data Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Annual Reports ◽  
Company Size ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Reports ◽  
Equity Ratio

This study aims to empirically examine the factors that influence Financial Distress in Property and Real Estate Companies. This study was tested with four independent variables, namely Liquidity (Current Ratio), Leverage (Debt Equity Ratio), Firm Size (ln of Total Assets), and Profitability (Return on Assets) using purposive sampling technique the authors chose seventeen companies as samples. This study uses panel data analysis obtained from financial reports and Annual Reports for 5 years. This study uses secondary data with the help of the Eviews 9 application. The results found that the Leverage Variable (Debt Equity Ratio) has a positive and significant influence on Financial Distress while Liquidity (Current Ratio), Company Size (ln of Total Assets), and Profitability Variables (Return). on Assets) has a negative and significant effect on Financial Distress.

scholarly journals Evaluation of the Effectiveness of Brazilian Community Restaurants for the Dimension of Low-Income People Access to Food

Nutrients ◽  
2021 ◽  
Vol 13 (8) ◽  
pp. 2671
Author(s):  
Mateus Santana Sousa ◽  
Camila Silveira Silva Teixeira ◽  
Jamacy Costa Souza ◽  
Priscila Ribas de Farias Costa ◽  
Renata Puppin Zandonadi ◽  
...  
Keyword(s):  
Low Income ◽  
Formal Education ◽  
Average Energy ◽  
Secondary Data ◽  
Target Population ◽  
Service Capacity ◽  
The Public ◽  
The Government ◽  
Access To Food

This study aimed to evaluate the effectiveness of community restaurants (CRs), managed by the Government of the State of Bahia/Brazil, for the dimension of access to food. The study used secondary data obtained from the public opinion survey Profile of users of community restaurants in Salvador. The nutritional information was accessed through the analysis of CRs’ menus. Adequate effectiveness of access to food was considered when the CR served meals to 50% to 70% of the users considered the target audience (individuals served by the two CRs located in the city of Salvador/Bahia/Brazil). The participants (n = 1464; 778 as low-income individuals) were adult CR users from Salvador/Brazil. Most of the respondents were male, 40 to 54 years old, not white, had up to 9 years of formal education, without a partner, and living in the municipality of Salvador. The evaluated CRs are effective in serving 53.1% of the target population in their total service capacity. Meal provision only reached an estimated 0.7% of the socially vulnerable community in the district. The average energy value of the meal served by the CR units was 853.05 kcal/meal, with a mean energy density composition classified as average (1.15 kcal/g). The effectiveness of the evaluated community restaurants showed that these instruments were minimally effective in promoting access to food for the low-income population within their total daily service capacity, and the current quantity of these facilities was insufficient. However, these instruments stand out in the fundamental role of promoting the daily distribution of meals to the Brazilian population with the highest social vulnerability levels.

scholarly journals FACTORS INFLUENCING CREDIT ACCESS FOR FIRMS IN THE BIOGAS SUB SECTOR IN KENYA

2017 ◽  
Vol 2 (3) ◽  
pp. 1
Author(s):  
Bernard Mulandi ◽  
Dr. Sifunjo Kisaka
Keyword(s):  
Social Sciences ◽  
Sampling Technique ◽  
Target Population ◽  
Loan Portfolio ◽  
Credit Access ◽  
Access To Credit ◽  
Qualitative And Quantitative ◽  
Factors Influencing ◽  
The Government ◽  
Descriptive Survey

Purpose: The purpose of this study was to determine the factors influencing credit access for firms in the biogas sub sector in Kenya.Methodology: The study adopted descriptive survey. The target population of the study was the firms in biogas sub sector in Kenya. A sample of 40 firms was selected from all the firms using the random sampling technique. Both qualitative and quantitative data was collected using a questionnaire that consisted of both open ended and close ended questions. Data was analyzed using Statistical Package for Social Sciences (SPSS) and results presented in frequency tables to show how the responses for the various questions posed to the respondents. The data was then analyzed in terms of descriptive statistics like frequencies, means and percentages.Results: The study findings revealed that firms in biogas sub sector had low access to credit from the banks. It was also possible to conclude that age of firm, capital invested, size of the business, financial records, risk preference and access to information influence the level of access to credit by renewable energy sector firms.Policy recommendation: It is recommended that micro financing institutions should regulate the products and services they offer to SMEs so as to have all clients enclosed in their loan portfolio. The study further recommends that banks should work hand in hand with the government to support upcoming businesses and offer financial support.

scholarly journals DETERMINASI PENGUNGKAPAN TRANSAKSI PIHAK BERELASI BERDASARKAN PSAK NO.7 TAHUN 2018

2020 ◽  
Vol 6 (1) ◽  
pp. Press
Author(s):  
Jessyka Tridewi Purba ◽  
Husnah Nur Laela Ermaya ◽  
Ayunita Ajengtiyas
Keyword(s):  
Earnings Management ◽  
Audit Committee ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Financial Statements ◽  
Managerial Ownership ◽  
Related Party Transactions

This study aims to examine the effect of Audit Committee, Independent Commissioner, Institutional Ownership, Managerial Ownership, Earnings Management to Related Party Transaction Disclosure. This type of research is quantitative reseacrh using secondary data of financial statements from manufacturing sector companies during 2016 to 2018 obtained from Indonesia Stock Exchange. The sampling technique that used is purposive sampling. The results showed that the Audit Committee, Independent Commissioners, Institutional Ownership, Managerial Ownership and Profit Management were able to influence the disclosure of related party transactions by 13%, while the remaining 87% were influenced by other variables outside this study. Partially, institutional ownership and managerial ownership significantly influence the disclosure of related party transactions. While the audit committee, independent commissioners and earnings management do not affect the disclosure of related party transactions.

scholarly journals An applicability test of the use of deposit-refund system for managing water-sachet litter in Ilorin, Nigeria

2018 ◽  
Vol 9 (4) ◽  
pp. 22-43
Author(s):  
Musa Ilias Biala ◽  
Omo Aregbeyen
Keyword(s):  
Contingent Valuation ◽  
Natural Habitat ◽  
Sampling Technique ◽  
Systematic Sampling ◽  
Plastic Pollution ◽  
Contingent Valuation Survey ◽  
The Government ◽  
Set Up ◽  
Experimental Group ◽  
Reduced Water

This study used both quasi-experiment and contingent valuation survey to explore the applicability of deposit-refund system (DRS) to water-sachet litter management in Nigeria. In the experiment, a DRS was established to incentivize the participants to return emptied sachets of water. A contingent valuation survey of 454 sachet-water consumers selected using quasi-systematic sampling technique was conducted. Experimental results showed that the number of sachets returned by the experimental group – those subjected to DRS – was significantly greater than that of the comparison group – those not subjected to DRS. Logit regression results showed that refund size increased the odds of returning sachets by 42.0%. Increasing the redemption time decreased the odds of turning in sachets by about 16.0%. A one-minute increase in the time spent on redemption would result in about 2.4% decrease in the probability that participants would comply. Income decreased the odds of compliance by about 31.0%, while age reduced the odds of compliance by about 2.2%. These results imply that the DRS reduced water-sachet littering in the study area, and that income, refund amount, redemption time, age and perceived effectiveness of DRS influenced consumers’ compliance with DRS. Hence, an appropriate motivating DRS would reduce litter and its attendant problems, such as hygiene, plastic pollution, flooding, aesthetic loss, non-naturally degradable toxic compounds, degradation of natural habitat ant its endangered species. The government should, therefore, implement a DRS and set up recycling plants, or encourage private recycling firms, in order to accommodate used sachets that would end up piling up.

Examining Adopted Conflict Management Approaches On Organizational Development In Machakos Co-Operative Union

2020 ◽  
Vol 1 (1) ◽  
pp. 4-16
Author(s):  
Peter Elizabeth Nzilani; Wanjugu Wachira; Redempta Kiilu
Keyword(s):  
Conflict Management ◽  
Organizational Development ◽  
Sampling Technique ◽  
Target Population ◽  
Systematic Sampling ◽  
Management Approach ◽  
Cluster Sampling ◽  
Research Survey ◽  
Management Approaches ◽  
Narrative Forms

The purpose of this study was to identify the adopted conflict management approach on organizational development in coffee cooperatives. The research was conducted in Machakos Co-operative Union in the Lower Eastern part of Kenya. Descriptive research survey was used. The target population was drawn from 1500 employees of Machakos Co-operative Union who took part in the study. The sample size was 305 employees drawn from different levels of management selected through cluster sampling technique. Systematic sampling was used to give each individual a chance to be chosen. Data collection was carried out through the use of Semi-structured questionnaire and interview guide. Both qualitative and quantitative technique was used to analyse data. Quantitative data was analysed using descriptive statistics through content analysis and findings were analysed and presented quantitatively and qualitatively in frequency tables, graphs pie charts and percentage while qualitative data was analysed using thematic techniques and data presented in narrative forms. From the study, it was established that different conflict management approaches were employed in Machakos Coffee Cooperative, 22% of the respondents reported that accommodation strategy was used and 23% the Collaboration strategy which led to improved productivity in the organization and enhanced inter personal relations while 54% of the respondents indicated that the contending approach which was mostly used influenced conflict management in the organization. The study recommends that organizations need to embrace the strategy in order to maximize productivity and encourage retention of human resource.

scholarly journals The Effects of Self-Esteem and Influence of Friends via Social Media on Body Image Amongst Children

2019 ◽  
Vol 10 (5) ◽  
pp. 40
Author(s):  
Arman Hj Ahmad ◽  
Izian Idris ◽  
Regina Moy Li Jing
Keyword(s):  
Social Media ◽  
Body Image ◽  
Sampling Technique ◽  
Theoretical Implication ◽  
Self Esteem ◽  
The Body ◽  
The Self ◽  
Snowball Sampling ◽  
Comparison Theory ◽  
The Government

Introduction: With the rise and fall of many communication platforms embedded into our everyday lives and the on-going maturity of the digitalization era, social media usage has tremendously increased over the past decade. The purpose of this research is to identify to what extent self-esteem and the influence of friends’ impact children's perception of their body image through social media and how powerful social media in influencing the body image of children.Methodology: The theoretical implication of this study is to expand the usage of Signalling theory, Sociocultural theory and Social Comparison theory towards better explaining children’s behaviours and the factors that impact children view of their body image. 282 children were recruited using the snowball sampling technique and data collected were analysed using Smart-PLS to see the impacts and relationship between all variables.Results: This study found that the self-esteem and friends do impacts body comparison on social media. However, the self-esteem is negatively correlated. The study also identified that there is a significance direct relationship between the direct impacts of self-esteem and friends towards the body image. On the other hand, the social media is found to have no direct impact on body image.Conclusion/- and Recommendations: This study provides a better insight for the government on the importance of regulation of advertisements particularly via social media and for the society at large to create a more socially supportive environment for adolescents to communicate and help them grow their mind-set on the acceptable and realistic standards of beauty as well as contributes to the existing knowledge on the role of social media and adds knowledge to how powerful social media in giving impacts to body image among adolescences.

scholarly journals Dampak Perkembangan Pariwisata Terhadap Kondisi Sosial Ekonomi Masyarakat Di Pulau Nusa Lembongan

2018 ◽  
Vol 6 (1) ◽  
pp. 177
Author(s):  
Budi Shantika ◽  
I Gusti Agung Oka Mahagangga
Keyword(s):  
Local Community ◽  
Secondary Data ◽  
Sampling Technique ◽  
Primary Data ◽  
Community Ownership ◽  
Data Source ◽  
The Government ◽  
Tourism Service ◽  
And Control ◽  
The Impact

This research was conducted based on the condition of the development of tourism on the island of Nusa Lembongan, aiming to find out the impact brought about by socio-economic conditions against the tourism society.This study uses qualitative and quantitative approach with mix method, the primary data source that are obtained by observations and direct interviews and secondary data. The sampling technique used was purposive sampling techniques and data analysis using the method of case study. This study shows tourism provides impact on society and the government on the island of Nusa Lembongan are seen from eight aspect among others : impact increasing of foreign exchange, impact toward local community income that increasing before tourism exist, impact toward higher prices than the real prices, impact toward employment for opportunity to local community, ownership and control of tourism accommodation, the distribution of benefits and advantage against indigenous village, development in general are seen from 4A tourism and government income of tax viewed from PHR. Advice can be given to government and businessman and tourism service on the island of Nusa Lembongan in the order of future improve the facilities, infrastructure supporting tourism, reinforce the rules on the division of the proceeds against the indigenous villages, improving access and employment for local community on the island of Nusa Lembongan.   Key Words              : Tourism, Nusa Lembongan Island, Impact

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