Department of Economics and National Development
Permanent URI for this collectionhttp://localhost:4000/handle/20.500.12092/1876
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Item Moderating effect of government Regulations on the relationship between Cost recovery and financing of water Investments in nairobi peri-urban markets in Kenya(2015) Wanjau, Kenneth Lawrence; Geoffrey, Mouni Gekara; Maina, Kimani E.; Mung’atu, Joseph K.Over the last 200 years, most water utilities have been publicly owned and managed. For this reason, public utility firms have been getting financial support from the government in form of subsidies in addition to the revenue they generate internally. However these water utilities have not been able to generate sufficient internal revenue to ensure sustainable financial investments. There has been low level of investment in the sector especially in peri-urban markets mainly due to poor cost recovery. The study explored moderating effect of government regulations on the relationship between cost recovery and financing of water investments in Kenya. The study adopted descriptive survey research design. A two stage sampling technique was used to obtain a sample population of 150 small scale water service providers. The study utilized self-administered questionnaire and content analysis for collecting data. SEM was used to analyse the relationship between cost recovery and financing of water investments.The findings of the study indicated that factors inhibiting cost recovery includes poor water pricing, low users’ charge and externalities. The recommended remedies to cost recovery includes cross-subsidization, gradual increase of user fees, and service improvement. The results of the study will be of great importance as it will contribute to greater understanding of various factors that inhibits cost recovery among water utilities and how these factors can be improved.Item Moderating Role of Entrepreneurial Orientation on the Relationship between Relationship Lending and Financial Performance of manufacturing SMEs in Kenya(2015) Wanjau, Kenneth Lawrence; Rotich, Abraham Kipkemboi; Namusonge, GregoryThe purpose of this study was to determine the moderating role of entrepreneurial orientation (EO) on the relationship between relationship lending and financial performance of manufacturing SMEs in Kenya. Relationship lending has gained a lot of interest worldwide as it is seen as an avenue to help bridge the information gap between SMEs and the banks thus ultimately helping SMEs access credit. Further, although credit is important to SMEs, entrepreneurial orientation (EO) is key as it determines the success or failure of SMEs. There is little research that has been done to determine if EO moderates the relationship between relationship lending and SME performance in Kenya. The study used a crossectional survey research design with the population being the 620 manufacturing SMEs involved in relationship lending arrangements with commercial banks in Kenya. Stratified random sampling was used to pick a sample of 160 from which the proprietors / CEOs of the respective companies filled the questionnaires. The main data collection instrument was a semi structured questionnaire. The hypotheses in this study were tested using structural equation modeling and hierarchical moderated multiple regression (MMR). The study found evidence that EO moderates the relationship between relationship lending and financial performance of manufacturing SMEs in Kenya. Further the study determined that relationship lending positively impacts on financial performance of SMEs. It also foundItem Moderating effect of financial technolgy on institution innovation and performance of licensed capital market intermediaries in kenyan securities market(2016) Wanjau, Kenneth Lawrence; Muturi, Willy; Teya, Nyangenya Japheth