scholarly journals EFFECT OF SYNERGY ON THE FINANCIAL PERFORMANCE OF MERGED INSTITUTIONS

2016 ◽  
Vol 1 (1) ◽  
pp. 126
Author(s):  
Agnes Ogada ◽  
George Achoki ◽  
Amos Njuguna
Keyword(s):  
Financial Performance ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Financial Service ◽  
Primary Data ◽  
High Performing ◽  
Merger Analysis ◽  
Study Population

Purpose: The purpose of the study was to determine the effect of synergy on the financial performance of merged institutions.Methodology: The study adopted a mixed methodology research design. The study population included all the 51 merged financial service institutions in Kenya. Purposive sampling was used. Primary data was obtained from questionnaires and a secondary data collection template was also used. The researcher used quantitative techniques in analyzing the data. Descriptive analysis for the study included the use of means, frequencies and percentages.  Inferential statistics such as correlation analysis was also used. Panel data analysis was also applied. Further, a pre and post merger analysis was used.Results: Synergy had a significant relationship with financial performance of merged institutions.Unique contribution to theory, practice and policy: The study recommended that institutions should critically evaluate the overall business and operational compatibility of the merging institutions and focus on capturing long-term financial synergies. They should increase their scope to create high performing supply chains with significant long-term upside that provide sustained value for customers and stakeholders.

scholarly journals EFFECT OF DIVERSIFICATION ON THE FINANCIAL PERFORMANCE OF MERGED INSTITUTIONS

2016 ◽  
Vol 1 (2) ◽  
pp. 91
Author(s):  
Agnes Ogada ◽  
George Achoki ◽  
Amos Njuguna
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Performance ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Financial Service ◽  
Primary Data ◽  
Merger Analysis ◽  
Financial Soundness ◽  
Study Population

Purpose: The purpose of the study was to assess the effect of diversification on the financial performance of merged institutions.Methodology: The study adopted a mixed methodology research design. The study population included all the 51 merged financial service institutions in Kenya. Purposive sampling was used. Primary data was obtained from questionnaires and a secondary data collection template was also used. The researcher used quantitative techniques in analyzing the data. Descriptive analysis for the study included the use of means, frequencies and percentages.  Inferential statistics such as correlation analysis was also used. Panel data analysis was also applied. Further, a pre and post merger analysis was used.Results: Diversification had no significant effect on financial performance of merged institutions.Unique contribution to theory, practice and policy: The study findings call for a re-assessment of the literature on diversification. Further research is necessary to study why sometimes the diversification-performance relationship is positive, others negative, and often quadratic. Further research is needed to investigate whether diversification effects on performance depends on the industries considered. This study recommends that companies with a weak and unstable capital base should seek to consolidate their establishments through mergers and acquisitions. Through mergers and acquisitions, these companies will be able to extend their market share and revenue base hence increase their profitability. In addition, mergers and acquisition leads to a higher CAR which improves the financial soundness of the companies.

scholarly journals EFFECT OF BOARD SIZE ON THE FINANCIAL PERFORMANCE OF MERGED INSTITUTIONS

2016 ◽  
Vol 1 (1) ◽  
pp. 107
Author(s):  
Agnes Ogada ◽  
George Achoki ◽  
Amos Njuguna
Keyword(s):  
Financial Performance ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Financial Service ◽  
Primary Data ◽  
Board Members ◽  
Board Size ◽  
Merger Analysis ◽  
Study Population

Purpose: The purpose of this study was establishing the effect of board size on the financial performance of merged institutions.Methodology: The study adopted a mixed methodology research design. The study population included all the 51 merged financial service institutions in Kenya. Purposive sampling was used. Primary data was obtained from questionnaires and a secondary data collection template was also used. The researcher used quantitative techniques in analyzing the data. Descriptive analysis for the study included the use of means, frequencies and percentages.  Inferential statistics such as correlation analysis was also used. Panel data analysis was also applied. Further, a pre and post merger analysis was used.Results: Board size had a significant relationship with financial performance of merged institution.Unique contribution to theory, practice and policy: It was recommended that, firms are place a remarkable degree of emphasis on the area of corporate governance and to some extent embark on eliminating CEO duality. The study also recommends a board size (6 and 8) for better financial performance. This will reduce the problem of free rider and enhance effective monitoring and decision making. It will also bring about cohesion among the board members.

MODERATING EFFECT OF ECONOMIC GROWTH ON FINANCIAL PERFORMANCE OF MERGED INSTITUTIONS

2017 ◽  
Vol 1 (1) ◽  
pp. 38
Author(s):  
Dr. Agnes Ogada ◽  
Dr. George Achoki ◽  
Dr. Amos Njuguna
Keyword(s):  
Economic Growth ◽  
Financial Performance ◽  
Financial Services ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Moderating Effect ◽  
Primary Data ◽  
The Government ◽  
To Come

Purpose: The purpose of the study was to determine the moderating effect of economic growth on financial performance of merged institutions Methodology: The study adopted a mixed methodology research design. The study population included all the 51 merged financial service institutions in Kenya. Purposive sampling was used. Primary data was obtained from questionnaires and a secondary data collection template was also used. The researcher used quantitative techniques in analyzing the data. Descriptive analysis for the study included the use of means, frequencies and percentages.  Inferential statistics such as correlation analysis was also used. Panel data analysis was also applied. Further, a pre and post merger analysis was used.Results: There was a significant relationship between the moderating effect of economic growth and financial performance of merged institutions.Unique contribution to theory, practice and policy: The government and Central Bank of Kenya to come up with strategies and policies to protect the financial services sector due to its immense contribution to the economy of the country by formulating policies aimed at controlling the effects of rapid fluctuations of the macro economic factors and their effects on the sector.

scholarly journals Effect of Synergy on Financial Performance of Merged Financial Institutions in Kenya

2016 ◽  
Vol 8 (9) ◽  
pp. 199
Author(s):  
Agnes Ogada ◽  
Amos Njuguna ◽  
George Achoki
Keyword(s):  
Financial Performance ◽  
Financial Services ◽  
Panel Data Analysis ◽  
Secondary Data ◽  
Primary Data ◽  
Services Sector ◽  
Merger Analysis ◽  
Significant Difference ◽  
Before And After ◽  
Trends Over Time

Mergers and Acquisitions deals that create value constitute at least one or a combination of financial and operational synergy. This paper investigates the effect of synergy on financial performance of merged institutions in the financial services sector in Kenya. The paper adopted a mixed research design, pre and post-merger secondary data was collected from 40 (forty) institutions in the Kenyan financial services industry that had concluded their merger processes by 31 December 2013. Financial synergy was proxied using the liquidity ratio while operating synergy was measured using growth in sales. Primary data was used to explain the results of the secondary data. Panel data analysis was used to determine the change in the study variables and trends over time between 2009 and 2013, event window (pre-merger and post-merger) analysis was used to test for any significant difference in performance means before and after merger as a result synergy, while regression analysis was used to determine the relationship between synergy and profitability. Results show that there is a positive relationship between performance, operating synergy and financial synergy, and that there was significant improvement in performance post-merger. From these findings, the study recommends that institutions should critically evaluate the overall business and operational compatibility of the merging institutions and focus on capturing long-term financial synergies as this has a positive effect on the performance.

scholarly journals EFFECT OF MERGERS AND ACQUISITIONS STRATEGIES ON FINANCIAL PERFORMANCE OF FINANCIAL SERVICES SECTOR

2017 ◽  
Vol 1 (1) ◽  
pp. 18
Author(s):  
Dr. Agnes Ogada ◽  
Dr. George Achoki ◽  
Dr. Amos Njuguna
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Performance ◽  
Significant Relationship ◽  
Financial Services ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Primary Data ◽  
Services Sector ◽  
Financial Services Sector

 Purpose: The purpose of this study was to establish the effect of mergers and acquisitions strategies on financial performance of firms in the financial services sector in Kenya.Methodology: The study adopted a mixed methodology research design. The study population included all the 51 merged financial service institutions in Kenya. Purposive sampling was used. Primary data was obtained from questionnaires and a secondary data collection template was also used. The researcher used quantitative techniques in analyzing the data. Descriptive analysis for the study included the use of means, frequencies and percentages.  Inferential statistics such as correlation analysis was also used. Panel data analysis was also applied. Further, a pre and post merger analysis was used.Results: Cost efficiency was found to have a positive and significant effect on financial performance of merged institutions. Diversification had no significant effect on financial performance of merged institutions. Synergy had a significant relationship with financial performance of merged institutions. Board size had a significant relationship with financial performance of merged institution and there was a significant relationship between the moderating effect of economic growth and financial performance of merged institutions.Unique Contribution to Theory, Practice and Policy: The study recommended that policy makers (government) should be able to create or promote the enabling environment for facilitating mergers and acquisitions that concerns infrastructure provision, as a way of achieving cost reduction that could motivate similar mergers in other institutions in Kenya, stakeholders are to identify where their most immense profit pools lie and focus on improving those units responsible for them, the management of the financial services institutions should embrace diversification and financial innovation on product strategies as this will help in generating more income for the banks.

scholarly journals Influence of CSR stakeholders on the textile firms performances

2022 ◽  
Vol 10 (8) ◽  
pp. 25-38
Author(s):  
Md. Nurun Nabi ◽  
Mst. Marium Akter ◽  
Ahashan Habib ◽  
Abdullah Al Masud ◽  
Subrata Kumer Pal
Keyword(s):  
Financial Performance ◽  
Research Study ◽  
Focus Group Interview ◽  
Secondary Data ◽  
Organizational Legitimacy ◽  
Primary Data ◽  
Corporate Social ◽  
The Relationship ◽  
Survey Questionnaires

Ready-made garments (RMG) are one of the most critical sectors in the economy of the South Asian region in terms of the labor force employed and export earnings. This research study aims to determine the Corporate Social Responsibility Stakeholders dimension and its influence on textile firms Performance. The study used organizational legitimacy as mediating variable between the CSR stakeholders and firms’ performances. The research study was used in the quantitative analysis approach to determine the cause and effect of the relationship between CSR and Textile firm’s financial and non-financial performance. Though the study collected primary data & secondary data from 250 respondents using survey questionnaires, the researcher obtained secondary data by analyzing the audited annual and sustainability reports of various RMG companies. We have collected data by conducting a focus group interview forming a team of employers, top-level managers, and CSR officers. We asked them all the questions, filled it, tapped it, reserved it for the interpretations. We have surveyed 67 industries, but it enabled us to collect the data from the 50 sectors—the data collected from 2016 April to 2018 December. Our study has some limitations in that the sample size is small compared to the other research. SPSS-23 & MS-Excel were used to analyze the collected data. CSR practices benefitted RMG companies in terms of long-term sustainable development by increasing the firm’s financial and non-financial performance of the RMG sector.

scholarly journals Improving Financial Performance Using Capital Budgeting Method Towards Cleaner Eyewear Product: A Case Study of Nasho

2020 ◽  
Vol 5 (6) ◽  
pp. 128-135
Author(s):  
Mia Juliani ◽  
Raden Aswin Rahadi
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Net Present Value ◽  
Secondary Data ◽  
Capital Budgeting ◽  
Primary Data ◽  
Financial History ◽  
History Of ◽  
The Cost

The purpose of this study was to know the factor that can be improved in the financial performance of Nasho. Nasho is a brand that focuses on offering products for eyeglass and helmet application that can be water, dew and dust repellent by utilizing the application of nanotechnology in the scope market of Bandung. However, to adapt the technology for Nasho is currently hampered by the limited capital to develop the technology itself. The company needs to manage the capital and minimize the cost to optimize the finance. The company needs to control the cost and expenses to avoid the high number of costs and expenses in terms of the development business stage. The research will use a qualitative approach by conducting interviews to Mr. Reza optics that will cooperate with Nasho to sell the product and use secondary data information from literature review, journal, books and primary data from financial history of Nasho and survey from the consumer of Nasho namely College student, Medical staff and Motorcycle riders and the components that are relevant to the conceptual framework. Survey used to get the consumer product and buying tendency information from Nasho’s consumer to validate the assumption of brand, price and buying intencity. Interview was conducted to get the suitable number of sales that are being used for cash flow forecasting scenario. The findings of this research is Nasho had low financial performance in the first two years of the business. After the evaluation, this can be improved by making a financial planning mix for short term and long term using the capital budgeting method in the form of three optimal scenarios of cash flow, Net Present Value (NPV), IRR and payback period that can be used as an optimal plan to run this business for the next five years.

scholarly journals The contribution of horizontal business combination on financial performance of I&M Bank.

2021 ◽  
Vol 6 (1) ◽  
pp. 23-41
Author(s):  
Anne Mukabideri ◽  
Irechukwu Nkechi ◽  
Osiemo Kengere
Keyword(s):  
Financial Performance ◽  
New Product Development ◽  
Performance Indicator ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Capital Adequacy ◽  
Primary Data ◽  
Operating Profit ◽  
Unit Increase ◽  
Business Combination

Purpose: This research generally assessed the contributions of horizontal business combination on financial performance of commercial banks and established the relationship between bank business combination bank financial performances. Methodology: The study adopted descriptive design to the population of 150 staffs of I&M bank with 109 sample size through purposive sampling. The study analyzed the information from 90 respondents, and financial statements of the bank for the period of 2011-2018. This research adopted a mix of both qualitative and quantitative approaches, primary data were from respondents using questionnaires and interview while secondary data were from financials statements and reports (2011 -2020). The research used SPSS version 20 to produce descriptive analysis (mean, mode, frequencies and standard deviation) for interpretation. Findings: The researcher performed correlation analysis and multiple regression analysis and found 0.834 correlation coefficient, 0.719. adjusted R squared at 95% confidence interval, holding horizontal combination, vertical combination and  Lateral combination to a constant zero, financial performance of I&M bank would  be  0.262, a unit increase in holding horizontal would lead to increase in performance of I&M bank by a factor of 0.356, a unit increase in vertical combination would lead to increase in performance of I&M bank by a factor of 0.832, a unit increase in Lateral combination would lead to increase in performance of I&M bank by a factor of 0.359. The study concluded that horizontal combination or lateral combination may include the need to increase their capital adequacy, improve on their new product development and acquiring new market share. Recommendations: The study recommends I& M Bank to take advantage of benefits that accrue from conducting business combinations, especially the potential which offers the increasing financial performance, to analyze carefully the type of business combination and to undertake the horizontal with reference to their particular effect on financial performance indicator parameters such Liquidity, Operating profit, Solvency and Profitability.

scholarly journals NILAI FILOSOFIS DAN TATA CARA PEMBANGUNAN "PELINGGIH GEDONG SAREN"

Jurnal Anala ◽  
2018 ◽  
Vol 6 (1) ◽  
pp. 53-72
Author(s):  
I Nyoman Gde Suardana ◽  
I Wayan Aryawan ◽  
Desak Made Sukma Widiyani
Keyword(s):  
Descriptive Analysis ◽  
Secondary Data ◽  
Social Reality ◽  
Primary Data ◽  
Natural Beauty ◽  
Values Development ◽  
Develop Theory ◽  
And Function ◽  
Meaning And Function

The concept of Bali Building is still a tourist attraction not only for tourists but also various researchers who want to explore the meaning and function of the building. It can not be denied that the beauty of Balinese buildings is one of the factors that make up the natural beauty of Bali including the religious atmosphere in it. The house as the most dominant building in a residential area, also has its own characteristics in Bali. Rumah Bali can certainly have a place / means of worship commonly called Sanggah / Merajan. Even according to the Hindu concept, Sanggah / Merajan is the most important building in a house / residence. Pelinggih Gedong Saren is one part of Sanggah / Merajan. This building is an ancestral heritage that needs to be developed and preserved. Until now, the manuscripts that talk about Pelinggih Gedong Saren in particular are quite rare. So it is very necessary to conduct a special study on Pelinggih Gedong Saren so that later can be used as a consideration in the planning or making Pelinggih Gedong Saren in a Merajan or Sanggah. There are still many secrets and uniqueness in Pelinggih Gedong Saren, which notabena is an important building in the holy place of Hindu family. This research is a descriptive reasearch, which is intended for exploration and clarification of a phenomenon or social reality, by describing a number of variables concerning the problem and the unit under investigation. This type of research is not intended to attract a generation that causes a symptom or a social reality. Therefore, this study does not use and do not perform hypothesis testing because it is not intended to build and develop theory treasury. This study uses two types of data, namely primary and secondary. Primary data obtained from the results of research into the object (field) obtained directly through interview / interview and also observation. While the secondary data obtained from the study of literature, literature and lontar associated with this research. Furthermore, the analysis is done by descriptive analysis method that is a technique that try to describe and describe a problem (research variable) to be an analysis that able to explain each problem (research variable) is clear. In the future, the development of tourism will depend on the Spirit of Tourism itself. For Bali, known as the world's best destination, culture, customs, as well as the uniqueness of Bali that breathes Hinduism is the spirit of tourism itself. Understanding the meaning of each building that is a supporter of beauty and has an important function in the religious life of society is the long-term goal of this research. Keywords: philosophical values, development, gedong saren.

Analisis Pengaruh Kecerdasan Intelektual Terhadap Kemampuan Akuntansi dengan Kecerdasan Emosional dan Spiritual sebagai Pemoderasi

2018 ◽  
Vol 16 (1) ◽  
pp. 1
Author(s):  
Ria Manurung
Keyword(s):  
Data Analysis ◽  
Graduate Program ◽  
Descriptive Analysis ◽  
Research Result ◽  
Secondary Data ◽  
Spiritual Intelligence ◽  
Primary Data ◽  
Moderating Variables ◽  
Use Of Data ◽  
Independent Variable

Research conducted to obtain empirical evidence how the influence of independent variables of intellectual intelligence to accounting with moderating variables of emotional and spiritual intelligence. The research method used is descriptive quantitative with explanatory descriptive or explanatory research. This method is an explanatory research that proves the existence of causal relationship of independent variable (independent variable) that is intellectual intelligence; moderating variable (emotional and spiritual intelligence); and dependent variable (accounted dependent variable). Research begins by conducting library search, followed by primary data collection conducted by using questionnaires and secondary data through data analysis. And for the use of data analysis consists of descriptive analysis, classical assumption test and verification analysis with the method of Moderated Regression Analysis (MRA). This study is a census study with homogeneous and limited population of 92 students, all students of Accounting Graduate Program at UNSOED. Conclusion of research result that is: (1) Intellectual intelligence have influence either positively or signifikan to accountancy. Thus intellectual intelligence can lead students to more easily understand accounting, (2) Intellectual intelligence can be strengthened by emotional intelligence on accounting both positively and significantly. (3) Spiritual intelligence can strengthen the influence of intellectual intelligence on accounting both positively and significantly.

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