Research Publications
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Item The Principle of Participation in Corporate Governance: An African Perspective(2020) Okari, Headmound; Keraro, Victor; Kiambati, KellenThe purpose of the paper is to present the “principle of participation” that is common in African cultural systems and way of life as the distinguishing characteristic of an African oriented corporate governance system. The paper contends that corporate governance systems are culturally influenced and argues that the existing theories in the realm of contemporary corporate governance systems are alien to the African culture and therefore might not offer sufficient solutions to challenges facing organizations operating in the African environment. The paper observes that while other continents seem to be making progress in wealth creation and economic development, the African continent still lags behind manacled in corruption scandals, mismanagement of organizations and public resources. The paper argues too, that these problems are possibly propagated by individualistic tendencies. Thus, the paper proposes that embracing the principle of participation in African governance systems could offer a sustainable strategic solution and propel the African continent to sustainable social economic development.Item The Levels of transparency and county service delivery in Kenya(2020) Kiambati, KellenIn order to push development to the grassroots and ensure citizens contribute meaningfully to development, many African countries have adopted the devolved governance system. However, it has been observed that the devolution of political powers has not translated equally to envisioned overall development. In Kenya County governments have achieved various milestones towards development demonstrated through the infrastructure, social amenities, and standards of living. However, corruption has been increasing mainly due to a lack of transparency. This paper sought to examine the contribution of transparency levels in County government service delivery. The study adopted mixed method approach using survey and in-depth interviews concurrently. Stratified multi stage cluster sampling was deployed. Quantitative data was collected using questionnaires and qualitative data using interview schedules. Data was analyzed using descriptive and inferential statistics and a typological theory developed to explain the study results. The study findings showed that the level of transparency in the counties was low which affected service delivery. The study concluded that county governments should ensure that public participation and sharing of information is bidirectional to involve both users and management so as to improve service delivery.Item Influence of credit risk on shareholder market value of commercial banks listed in Nairobi Securities Exchange(2020) Kiambati, KellenThis study examines the influence of credit risk on the shareholder market value of commercial banks listed in the Nairobi Securities Exchange. A mixed-method approach and concurrent design were used in this study. Logistic regression was performed to ascertain the influence of credit risk on shareholder market value of commercial banks listed in the Nairobi Securities Exchange as a quantitative method and processes tracing as a qualitative approach to trace the causal mechanism by which credit risk contributes to shareholder market value. This research demonstrated that (i) there is a relationship between credit risk and shareholder market value among the commercial banks listed in NSE; (ii) Wald (1) =41.475, p=.000, sig <05 2-tailed is below the permissible value of likelihood above which null hypothesis is accepted. The study concludes that there is a relationship between credit risks and Shareholders Market Value in commercial banks listed in NSE.Item Core Competencies and Resource Allocation in the Performance of Bottled Water Industry(2021-04-10) Ichoroh, James; Kiambati, Kellen; Mbugua, Levi N.Research question: This paper examines the influence of core competencies, resource allocation and water sector standards on the performance of firms in the bottled water industry. Motivation: For firms in the bottled water industry to remain afloat, their performance against their targets needs to be assessed (Murugesan et al., 2016). Examining trends over time is essential since stakeholders and investors are concerned with enhanced performance. This study conceptualizes that the performance of firms dealing with bottled water are influenced by core competencies (Hirindu, 2017), resource allocation (Catherine & Lee, 2017) and that there is an intervening effect of water sector standards. Idea: The idea behind this study is to model the relationship among core competencies, resource allocation and firm performance in the bottled water industry and also to examine the moderating effect of water sector standards in explaining firm performance (Ichoroh, 2021). Data: The study used quantitative cross-sectional survey design of which the population of interest comprised of 80 licensed bottled water manufacturing firms in Kenya. Open and closed ended questionnaires were administered to managers of bottled water firms. Data on demographic characteristics, firms core competencies, resource allocation and sector standards were collected. Tools: Factor Analysis was used to scale, classify, delineate patterns and enhance hypothesis testing, while structural equation modelling was applied to infer whether the survey items matched the measured constructs. Findings: The indicators of core competences had 57% variation on firm performance and increase in core competences by a factor of 0.804% led to improvement of firm performance by 1%. The indicators for resource allocation had 17% variation on firm performance and the marginal effect was 1.738%. The water sector standards intervening effect in the relationship between core competence and firm performance was found not to be significant but the intervening effect of water sector standards on resource allocation and firm performance was significant. Contribution: The study gives indicators of repositioning strategies in the bottled water industry and provides insights to the government on policy regulations and standardsItem Physical Planning and Growth of Private Primary Schools in Kenya(Journal of Management and Business Education, 2020-11) Kiambati, Kellen; Njiri, Julius; Mbugua, Levi; Mwenja, DominicIn Kenya, the number of private schools has increased more than four times since the introduction of the Free Primary Education (FPE) policy in 2003. The number of children attending private primary schools increased from 4.6% in 2004 to 11.5% in 2007. With such increment, there has been challenges on the determinants of growth of education institutions. It is against this background that the study examined the influence of physical planning on the growth of private primary schools in Kenya. the study was anchored in the resource dependency view where the managers of institutions have the ability to acquire, Plan and maintain resources that are important to the growth of an organization. The target population in this study comprised of 7,418 private primary schools in all eight regions of Kenya. Cluster sampling technique was employed of 50% of the target regions were sampled, leading to four out of eight regions being selected. From these regions random sampling was then used to select 320 respondents who were either the principals’/Head teachers or deputy principal of the schools. A questionnaire was used to collect data and Structural Equation Modeling was used to analyse data. The study found a strong and significant correlation between physical planning and growth of primary schools. This study therefore recommended that physical planning was an important factor in determining growth of private schools. The study further recommends that owners of private primary schools should be aware of the facilities that are crucial and most important to students in the teaching and learning. This will intern influence the growth of the private primary schools in Kenya.Item Financial control and growth of private primary schools in Kenya(International Journal of Research in Business and Social Science, 2020-10) Kiambati, Kellen; Njiri, Julius; Mwenja, Dominic; Mbugua, LeviProper management of finances in private primary schools is very imperative to their operations. There are, however, serious financial challenges in these private schools in Kenya as characterized by unprecedented high fees charged on students. The objective of this study was to assess the role of financial control in the growth of private primary schools in Kenya. The study was guided by the Cash Management Theory that gives emphasis to reasonable ways to deal with organizational finance management and efficient utilization as well as the Endogenous Growth Theory which stipulates that, in the long-run growth rate depends on a stable business environment. The study employed both quantitative and qualitative study design, which targeted 7,418 private primary schools in Kenya. Accessible population constituted of 3,431 heads of schools in four regions of Kenya namely: Nairobi, Central Kenya, Northeastern, and the Coastal regions. A random sampling method was used to draw a sample of 320 respondents who were either the principals’/Head teachers or deputy principal of the schools. A structured questionnaire was used to collect data. Structural Equation modeling using Analysis of Moment Structures was used to analyze the data. The fitness of the hypothesized structural and measurement models was tested using the Normed Fit Index and the Root Mean Squared Error. The overall path coefficients obtained were positive and significant at a 0.05 level of significance. The study established that financial control positively and significantly influenced the growth of private primary schools. The study recommended that private primary schools should have effective budget management mechanisms and strong financial controlsItem Human Capital Development and Services Delivery of Public Health Facilities(International Journal of Commerce and Finance, 2020) Kiambati, Kellen; Chege, Agnes Kabithe; Mwenja, Dominic; Mbugua, LeviHealthcare provision stipulated by Sustainable Development Goals (SDGs) is a relatively new concept in many developing countries SubSaharan Africa part of Asia. Therefore, this study examined the influence of human capital development on the service delivery of devolved County Health Facilities. The path coefficients were positive and significant at 0.05 level of significance. The path coefficient beta value was β = 0.50. These findings indicate that for every 1-unit increase in human capital development, service delivery is predicted to increase by 0.5 in public county health facilities in Kenya. The study concluded that measures contributed to the positive relationship between human capital development and service delivery in these facilities. As the hospitals lacked funding of further training for their staff and also failed to pay competitive salaries and allowances, the study recommends that for improved service delivery within these facilities, promotions should be on performance, as well remuneration. Most employees will work hard when they know that they get rewards for it. The hospitals should also promote staff and offer scholarships for training to the high performing staffItem Levels of Transparency and County Service Delivery in Kenya(Research in Business & Social Science, 2020-02) Kiambati, KellenIn order to push development to the grassroots and ensure citizens contribute meaningfully to development, many African countries have adopted the devolved governance system. However, it has been observed that the devolution of political powers has not translated equally to envisioned overall development. In Kenya County governments have achieved various milestones towards development demonstrated through the infrastructure, social amenities, and standards of living. However, corruption has been increasing mainly due to a lack of transparency. This paper sought to examine the contribution of transparency levels in County government service delivery. The study adopted mixed method approach using survey and in-depth interviews concurrently. Stratified multi stage cluster sampling was deployed. Quantitative data was collected using questionnaires and qualitative data using interview schedules. Data was analyzed using descriptive and inferential statistics and a typological theory developed to explain the study results. The study findings showed that the level of transparency in the counties was low which affected service delivery. The study concluded that county governments should ensure that public participation and sharing of information is bidirectional to involve both users and management so as to improve service delivery.