School of Business
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Item Influence of Strategic Physical Resources on Performance of Small and Medium Manufacturing Enterprises in Kenya.(Eastern Macedonia and Thrace Institute of Technology, 2019-05-13) Muturi, Moses Murimi; Ombaka, Beatrice; Muchiri, JosephABSTRACT Article History Received 1st April 2019 Accepted 13th May 2019 Purpose This study sought to determine the influence of strategic physical resources on performance of small and medium manufacturing enterprises in Kenya. Anchored on the Resource Based View (RBV) theory the study adopted positivism research philosophy descriptive and causal-effect research designs. Design/methodology/approach The population for the study comprised of the management staff of the 350 small and medium manufacturing enterprises registered by the Kenya Association of Manufacturers (KAM) where a sample of 183 participants was chosen using stratified sampling method. The study tested for content validity as well as reliability using internal consistency of the questionnaire using Cronbach alpha coefficient. Data analysis was conducted using descriptive statistics and regression analysis to conclude that physical resources have a significant influence on performance of small and medium manufacturing enterprises in Kenya. Findings Consequently the study recommended that the management of SMEs should ensure that they invest significantly in these resources so as to maximise on the performance of these firms. However the conclusions reached in this paper were based on data collected from small and medium manufacturing enterprises in Kenya. For this reason, the results of the study suffer from generalizability since they may not be inferred on other firms other than manufacturing firms in the sector with similar characteristics. Originality/value The findings of this study significantly contribute to the existing pool of knowledge regarding the concept of intellectual capital and its implications on organizational performance. Scholars and other researchers would find the outcomes of this study relevant as reference material to advance in their research.Item Relationship between Intellectual Capital and Performance of Small and Medium Manufacturing Enterprises in Kenya.(International Hellenic University, 2019) Muturi, Moses Murimi; Ombaka, Beatrice Elesani; Muchiri, JosephAbstract Purpose: The purpose of the Study was to establish the relationship between intellectual capital and performance of small and medium manufacturing enterprises in Kenya. Design/methodology/approach: The study adopted positivist philosophy. The research designs were descriptive survey as well as explanatory research design. The target population consisted of all the small and medium manufacturing enterprises in Kenya with a sample of 183 respondents comprising of one respondent from each firm, being either the Managing director, General Manager, Production Manager or Strategic Manager. Data analysis was conducted using descriptive statistics and inferential analysis. Findings: The study concluded that intellectual capital had no significant influence on performance of small and medium in Kenya and therefore investment in intellectual capital should be economically justified. Research limitations/implications: The data used in the study was collected for a period of ten years only and the results may not be used to make long term inference regarding the relationship that exist between the study variables. Originality/value: The findings of this study significantly contribute to the existing pool of knowledge regarding the concept of intellectual capital and its implications on organizational performance. Scholars and other researchers would find the outcomes of this study relevant as reference material to advance in their research.Item Moderating Role of Environmental Dynamism on the Relationship between Opportunity Evaluation and Growth of NGOs in Kenya.(Spirit Infestify, 2020-06) Tindika, Olive Kamene Ndeveni; Wanjau, Kenneth Lawrence https://orcid.org/0000-0002-3146-5324; Kariuki, George; Muchiri, JosephThis study explored the moderating role of Environmental Dynamism (ED) on the relationship between opportunity evaluation and growth of agrobased Non-Governmental Organisations (NGOs) in Kenya. These NGOs play a critical role which includes poverty reduction, through employment creation and food security and therefore their growth is fundamental in continuing to serve the society. Agrobased NGOs in Kenya, operating in dynamic business environments face greater levels of unpredictability and turbulence than those in more stable business environments. The need to link opportunity evaluation and growth is very important for organisations to attain growth. To better understand this relationship, this paper employed a mixed method approach guided by cross-sectional research design. Quantitative and qualitative techniques were employed to analyse the data from 124 agro-based NGOs in Kenya using SPSS version 21 and AMOS graphic analytical software. Structural Equation Model (SEM) was used to analyse the measurement model and test the hypothesized relationships in this study. The study established that, opportunity evaluation has a significant and positive influence on growth of agrobased NGOs and that ED moderates this relationship. The findings are critical to the NGO management who are the core implementers of entrepreneurial projects that satisfy the donors and targeted communities. This study also enriches the social entrepreneurship literature by demonstrating the role of ED on the growth of agrobased NGOs in Kenya and provides a new perspective of conceptualizing development of NGOs in Kenya.Item Strategic Resources, a Driver of Performance in Small and Medium Manufacturing Enterprises in Kenya(International Journal of Business and Economic Sciences Applied Research, 2021-08) Murimi, Muturi Moses; Ombaka, Beatrice Elesani; Muchiri, JosephPurpose: This study sought to establish the effect of strategic resources on performance of small and medium manufacturing enterprises. Specifically, the study sought to identify how financial resources, human resources, physical resources and intellectual capital affect performance of small and medium manufacturing enterprises in Kenya. Methodology: Positivism research philosophy was utilised. Cross-sectional descriptive survey as well as explanatory study design were used in the study. The target population for the study was 350 Kenyan SMEs in the manufacturing sector. A sample of 183 firms was selected using stratified random sampling. One respondent from each firm was selected being the managing director. Data was collected using a semi-structured questionnaire. Diagnostic tests for multicollinearity and normality were conducted before data analysis. The research questionnaire was tested for content validity and reliability after. Data was analysed using inferential and descriptive statistics. Data collected was analysed using SPSS V23. Finding: The study found that strategic resources have a significant influence on significant influence on performance of manufacturing SMEs in Kenya. Specifically, financial, human and physical resources all positively and significantly influenced the performance of Kenyan SMEs while intellectual resources as no effect on performance. The study therefore concluded that financial resources have a positive and significant influence on performance of manufacturing SMEs in Kenya, human resource was found to be significant in predicting performance. Physical resources have a significant influence on performance of manufacturing SMEs in Kenya while intellectual capital has no significant influence on performance of manufacturing SMEs in Kenya. Study Implication: The study recommended that Management of manufacturing SMEs should ensure that there are enough financial resources to meet their daily transactions and ensure that they are able to acquire the relevant strategic resources for efficient running of their firms; have adequate, committed and well-skilled personnel with the required expertise; should invest significantly in physical resources in order to maximise the performance of these firms; carry our cost benefit analysis before committing their resources to protect their intellectual capital in form of patents. Value of the Study: The study showcases the influence of strategic resources on performance of manufacturing SMEs in Kenya.Item Influence of Tax Planning on Financial Performance of Manufacturing Companies Listed at Nairobi Securities Exchange(International Journal of Research in Business and Social Science, 2019) Oeta, Simeon Mogote; Kiai, Richard; Muchiri, JosephThis study sought to find out the influence of tax planning on financial performance of the manufacturing firms listed on the Nairobi Securities Exchange during the period 2010-2017.The study adopted a positivism research philosophy and an explanatory research design. SPSS version 23 was used to analyze data where both descriptive and inferential statistics was done. Multiple linear regression model was adopted to study the association between the variables while utilizing panel data. The study findings showed that there is no significant statistical association between tax planning and financial performance of the manufacturing companies listed in the Nairobi Securities Exchange. The results of the study indicated that capital intensity, research and development expenditure and company size have a positive insignificant association with financial performance. Further, debt to equity ratio indicated an insignificant negative relationship with financial performance. The study concluded that financial performance of manufacturing firms listed at the Nairobi Securities Exchange is not influenced by the tax planning. The study recommends that the manufacturing companies invest more in non-current assets and increase expenditure on the research and development to realize significant positive impact on financial performance. They should also manage their debt to equity ratios to avoid excess financing costs that may be detrimental to their financial performance.Item Capital Intensity and Financial Performance Of Manufacturing Companies Listed At Nairobi Securities Exchange.(International Journal of Scientific & Engineering Research, 2019-09) Oeta, Simeon Mogote; Kiai, Richard; Muchiri, Josephixed assets form a significant portion of a company’s expenses and instrumental in shaping probable returns for organizations. Capital intensity for manufacturing companies is vital in informing cost management and investment decisions. Companies are given tax allowances on fixed assets in the form of wear and tear, investment and industrial building deduction which provide tax credits with consequential effects of increasing organizational after-tax returns. Manufacturing sector is key to economic growth and Kenya is experiencing stagnate contribution of this sector to economic growth. Little literature is available that establishes the association between capital intensity and financial performance of the manufacturing sector. Therefore, this study sought to find out the relationship between capital intensity and financial performance for manufacturing companies listed in the Nairobi Securities Exchange during the period 2010-2017. The study was anchored on tax planning theory, trade-off theory, agency cost theory and political power theory. The study adopted a positivism research philosophy and an explanatory research design. The target population of the study was all the nine listed manufacturing companies in NSE. Descriptive and inferential statistics was done using panel data and SPSS version 23 software for data analysis. The findings indicated that capital intensity has a positive insignificant association with financial performance. It concluded that capital intensity does not affect financial performance of manufacturing firms listed in Nairobi Securities Exchange. The study recommended that the companies should investment more in non- current assets so as to reap capital allowances tax benefits in order to improve their financial performance. The study will be beneficial to the management as it provides insights on how firms can increase their financial performance while leveraging on capital intensity.Item Influence of Strategic Physical Resources on Performance of Small and Medium Manufacturing Enterprises in Kenya(International Journal of Business and Economic Sciences Applied Research, 2019-05-13) Murimi, Muturi Moses; Ombaka, Beatrice; Muchiri, JosephPurpose This study sought to determine the influence of strategic physical resources on performance of small and medium manufacturing enterprises in Kenya. Anchored on the Resource Based View (RBV) theory the study adopted positivism research philosophy descriptive and causal-effect research designs. Design/methodology/approach The population for the study comprised of the management staff of the 350 small and medium manufacturing enterprises registered by the Kenya Association of Manufacturers (KAM) where a sample of 183 participants was chosen using stratified sampling method. The study tested for content validity as well as reliability using internal consistency of the questionnaire using Cronbach alpha coefficient. Data analysis was conducted using descriptive statistics and regression analysis to conclude that physical resources have a significant influence on performance of small and medium manufacturing enterprises in Kenya. Findings Consequently the study recommended that the management of SMEs should ensure that they invest significantly in these resources so as to maximise on the performance of these firms. However the conclusions reached in this paper were based on data collected from small and medium manufacturing enterprises in Kenya. For this reason, the results of the study suffer from generalizability since they may not be inferred on other firms other than manufacturing firms in the sector with similar characteristics. Originality/value The findings of this study significantly contribute to the existing pool of knowledge regarding the concept of intellectual capital and its implications on organizational performance. Scholars and other researchers would find the outcomes of this study relevant as reference material to advance in their research.