JOURNAL ARTICLEJane Gathiga Muriithi · Kenneth Wanjau · Humphrey Omondi
International Journal of Research in Business and Social Science · 2018
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Globally, countries are strategically positioning themselves for market leadership due to dynamic business environment. Entrepreneurial spirit is seen as the strategy that will deliver this agenda. This spirit, is believed to be behind the innovative business that revolutionizes the business world. In a dynamic and complex environment, the success of any business is pegged on the entrepreneurial operations of a firm. Entrepreneurial-oriented firms have been proven to be ahead of competition because they are always introduced new products and services and in turn improve their financial results. Scholars believe that learning and development can occur amongst people who actively engage in a common enterprise. This makes learning empowering and productive and thus sustains entrepreneurial orientation. This in turn produces communities of entrepreneurial practice. The role of the entrepreneurial manager is to nurture communities of growth-oriented firms where entrepreneurial learning takes place. The purpose of this study is to assess the relationship between entrepreneurial management and performance of incubator centres in Kenya. The study used a correlation design because it focused on a causal-effect relationship. The study population was 41 incubator managers in Kenya. After missing data analysis two respondents were expunged leaving 39 respondents. Secondary data was obtained from published sources such as company reports, manuals and research done by other scholars. Structural Equation Modelling (SEM) approach was used to analyze the measurement model and test the hypothesized relationship in this study. Simple linear regression model was used to measure the strength of the relationship between entrepreneurial management and performance incubator centre in Kenya. The joint effect model results indicated that entrepreneurial management had a significant relationship with performance of incubator centre.
DOI 10.20525/ijrbs.v7i1.8591 Crossref citations4 OpenAlex citations
JOURNAL ARTICLEMiriti Jane Kinya · Kenneth L Wanjau · Humphrey R Omondi
International Journal of Research in Business and Social Science · 2018
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Business incubators are regarded as entrepreneurial hubs, unleashing entrepreneur’s ideas and businesses into the market, in turn, jobs are created and the economy of the area is improved. Due to the stiff competition for placement into an incubator program it is imperative for incubator management come-up with strategies of being more efficient and effective in utilizing resources to achieve superior performance. Hence the need to critically select clients, whose ideas fit the incubator’s mission and upon graduation create high growth businesses, with a higher survival rate of 90%. The study is anchored on Resource Based Theory. The study used a correlation design that focused on causal relationship of client selection criteria and incubator centre performance (ICP). The study population was 41 incubator managers in Kenya. After missing data analysis two respondents were expunged leaving 39 respondents. Secondary data was obtained from published sources such as company reports, manuals and research done by other scholars. Structural Equation Modelling (SEM) approach was used to analyze the measurement model and test the hypothesized relationship in this study. Simple linear regression model was used to measure the strength of the relationship between client selection criteria and performance incubator centre in Kenya. The results of the combined effect model indicated that client selection criteria had a significant relationship with performance of incubator centres.
DOI 10.20525/ijrbs.v7i1.8571 Crossref citations1 OpenAlex citations
JOURNAL ARTICLELeonard Kiragu Maina · Tobias Olweny · Kenneth Wanjau
International Journal of Finance & Banking Studies · 2018
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Capital structure management is one of the most crucial corporate financial management functions in a firm since appropriate debt policy is reported to maximize the value of a firm. Kenya is ranked second in Africa after South Africa in regards to financial deepness. This means that the cost of debt should not have adverse effect financial performance. This observation raises fundamental question: does debt financing leads to poor financial performance in Kenya? This research sought to investigate the role of observed leverage on financial performance of listed non- financial firms in Kenya. The study tested capital structure theories and therefore adopted a positivists approach, guided by causal research design. The study population was 35 non-financial sub-sector firms out of the 65 firms listed at the NSE, Kenya. 18 firms were excluded in this study since they belong to banking and insurance sub-sectors, which have a highly regulated capital structure. Secondary data collection sheet was used to collect data for each of the variables from audited financial statements of the listed firms for a 10-year period (2006-2015). Panel regression analysis revealed that observed leverage measured by (LDR) had a significant positive coefficient with performance metrics. However, the leverage measure using TDR showed a negative and significant role on performance metrics. This study recommends that for listed firms to improve their financial performance, they should use more long-term debts than short-term debts.
DOI 10.20525/ijfbs.v7i2.8722 Crossref citations3 OpenAlex citations
JOURNAL ARTICLEEustace Njagi Kithumbu · Julius M Huho · Humphrey Opiyo Omondi
International Journal of Research in Business and Social Science · 2017
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The group ranch system is one of the best land ownership and livestock production strategies in the dry lands of the world where the potential for rain-fed agriculture is limited. This has resulted in numerous studies on the establishment of group ranches, their dissolution and coping strategies but with less focus on the sustainability of the group ranches. It is against this background that this study investigated organizational factors influencing choice of sustainability strategies adopted by group ranches in Samburu County; Kenya. The study adopted a descriptive survey research design employing use of Questionnaires, Key Informant Interviews, Focus Group Discussions and observation as primary data collection methods. The study used content validity and Cronbach’s alpha methods to measure validity and reliability of the research instruments, respectively. The target population for the study was the 16,611 registered members in 38 group ranches spread out in the County. The study sampled twelve group ranches with approximately 5,643 members from which 374 respondents were systematically sampled. Purposive sampling was used to select Key Informants and the participants in the Focus Group Discussions. The investigation employed Multi-linear Regression to analyse organizational factors influencing choice of sustainability strategies adopted by group ranches in Samburu County while the Analysis of Variance (ANOVA) was used to test the hypothesis which stated that there was no significant influence of organizational factors on choice of sustainability strategies adopted by group ranches in Samburu County, Kenya. The p-value of 0.00 was obtained, indicating that organizational factors significantly influenced choice of sustainability strategies adopted by group ranches in the County. Overall, past experiences was the predominating organizational factor with a regression coefficient of 0.432 while past strategies had the least influence on choice of sustainability strategies adopted by group ranches in Samburu County, with a regression coefficient of 0.110. The study recommended integration of organizational factors in formulating policies for sustainability of group ranches.
DOI 10.20525/ijrbs.v6i4.7570 Crossref citations0 OpenAlex citations
JOURNAL ARTICLEEustace Njagi Kithumbu · Julius M. Huho · Humphrey Omondi
International Journal of Research in Business and Social Science · 2017
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The group ranch system is one of the best land ownership and livestock production strategies in the dry lands of the world where the potential for rain-fed agriculture is limited. Its sustainability relies greately on choice of sustainability strategies adopted by group ranches. Numerous studies on the establishment of group ranches, their dissolution and coping strategies have been conducted but with less focus on the sustainability of the group ranches.This study attempts to fill the gap. It is against this background that this study investigated environmental characteristics influencing choice of sustainability strategies adopted by group ranches in Samburu County, Kenya. The investigation adopted a descriptive survey research design employing use of Questionnaires, Key Informant Interviews, Focus Group Discussions and observation as primary data collection methods.The target population for the study was the 16,611 registered members in 38 group ranches spread out in the County. The study sampled 12 group ranches with approximately 5,643 members from which 374 respondents were systematically sampled. Purposive sampling was used to select Key Informants and the participants in the Focus Group Discussions.The study employed Multi-linear Regression to analyse environmental characteristics determining choice of sustainability strategies. The Analysis of Variance (ANOVA) was used to test the hypothesis and p-value of 0.00 was obtained, indicating that environmental characteristics (rainfall patterns, droughts, temperatures, diseases and floods) significantly influenced choice of sustainability strategies adopted by group ranches in the County. Overall, rainfall patterns were the predominating environmental characteristic with a regression coefficient of 0.317 while diseases had the least influence on choice of sustainability strategies adopted by group ranches in Samburu County, with a regression coefficient of 0.029. The study recommended integration of environmental characteristics in formulating policies for sustainability of group ranches.
DOI 10.20525/ijrbs.v6i3.7580 Crossref citations0 OpenAlex citations