Department of Business and Economics

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Author: search.filters.author.Muchina, Stephen

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    The influence of records management on tendering process in the public sector: A case of the EMBU county government, Kenya
    (International Journal of Research in Business and Social Science, 2021) Njue, Egidio Kariuki; Kyalo, Teresia; Muchina, Stephen
    This study aims to investigate the influence of record management in the tendering process in the public sector in the context of the Embu County Government, specifically the study sought to investigate the influence of training in record keeping and the filing system on tendering process in Embu county government. The study adopted a descriptive research design. The study used the census method for the 33 members of the tendering committee in the county government of Embu. The study adopted a census because the population was small. A structured questionnaire was used to collect data needed in the study. Both descriptive and inferential statistics were used to analyze quantitative data. Quantitative responses based on the Likert scale were coded in the computer using Statistical Package for Social Sciences (SPSS) version 22. Processed data were summarized in tables and then presented using simple frequencies and percentages. The study established that records management affected the tendering process. The study also revealed that the tendering process in the public sector is statistically significantly (P = 0.000) affected by records management. The study recommended that the County government of Embu should ensure that the tendering process is effective, by adopting advanced training in the record management and filing systems so as to maintain and secure all tender records in the procurement department
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    Corporate Risk, Firm Size and Financial Distress: Evidence from Non-Financial Firms Listed In Kenya
    (IOSR Journal of Economics and Finance, 2019-08) Gichaiya, Mark Waita; Muchina, Stephen; Macharia, Stephen
    Financial distress (FD)is a common precursor to corporate failure that subjects investors to financial loss. In Kenya, FD has been rampant among several private and public commercial entities. This signifies presence of deep-seated corporate snags that hamper sustainability. Earlier studies have focused more on FDmodeling while others provide conflicting findings pertaining to risk exposure andfinancial health.This study therefore examines the influence of corporate riskon FD. Additionally, the moderation effect of firm sizeon the relationship between corporate riskand FD was tested. This study is premised on Modigliani and Miller’s first proposition and signaling theory.Aquantitative research design with a correlational approachwas adopted targeting all non-financial firms listed in Nairobi Securities Exchange (NSE)from year 2006 to 2015. The study collected secondary data from audited financial statements, daily stock prices and stock market indices. Data analysis involved hierarchical panel regression analysis. The results show that corporate risk significantly and positively influences FD. Unsystematic risk in terms of business and financial risk has a positive significant influence on FD in contrast to systematic risk proxied bymarket risk that has an insignificant positive effect. Interaction terms; corporate risk*firm size and unsystematic risk*firm size have a positive insignificant effect on FD while interaction term market risk*firm sizerelates negatively and insignificantly with FD.Large firms can accommodate more market risk without experiencing FD as opposed to unsystematic riskthat is more disastrous.This study recommends continuous proactive risk management practices that go beyond mere risk assessment so as to integrate risk exposures and incidentsmore so those that are internal
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    Fiscal Asymmetric Decentralization Conundrum: Influence of County Cash Management on Household Effects in Kenya
    (International Journal of Applied Business and International Management, 2020) Munyua, Cyrus; Muchina, Stephen; Ombaka, Beatrice
    This study aims at determining the influence of county cash management on household effects in Kenya. This is a qualitative research that has utilized both primary and secondary data from county governments and the National Treasury respectively. The sample has been developed from the Kenya National Bureau of Statistics list of households in Kenya. The result indicates that effective cash management would enhance household welfare, leakages and lack of prioritization among others notwithstanding. The study concludes that there is need to enhance oversight of the treasury management across governments. The capacity of treasury managers should also be improved to secure fiscal discipline.
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