http://41.89.49.13:8080/xmlui/handle/123456789/1135 Wed, 22 Jul 2026 08:03:59 GMT 2026-07-22T08:03:59Z http://41.89.49.13:8080/xmlui/handle/123456789/1460 The Effect of Financial Leverage as a Financial Distress Factor on Financial Performance on Commercial Banks in Kenya Sporta, Fred O; Ngugi, Patrick K; Ngumi, Patrick; Nanjala, Christine S This study attempted to determine the effect of financial leverage as a financial distress factor on financial performance of commercial banks in Kenya. Secondary data was used in a census commercial banks from 2005 to 2015 was extracted from financial statements of 38 commercial banks out of the possible 44 commercial banks in operation as at 31st December, 2015 in accordance to CBK as a regulatory body. Data was collected from 2005 to 2015.descriptive and analytical design was adopted. The results show perfect positive correlation between debt equity ratio with return on equity and return on assets as well return on equity. The study was limited to the commercial banks in Kenya, the findings were only interpreted to commercial banks in Kenya and they will not be generalized for all financial institutions. Sun, 01 Jan 2017 00:00:00 GMT http://41.89.49.13:8080/xmlui/handle/123456789/1460 2017-01-01T00:00:00Z http://41.89.49.13:8080/xmlui/handle/123456789/1312 Moderating Role of Entrepreneurial Orientation on t he Relationship between Relationship Lending and Finan cial Performance of manufacturing SMEs in Kenya Rotich, Abraham K; Wanjau, Kenneth L; Namusonge, Gregory The 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 found Thu, 01 Jan 2015 00:00:00 GMT http://41.89.49.13:8080/xmlui/handle/123456789/1312 2015-01-01T00:00:00Z http://41.89.49.13:8080/xmlui/handle/123456789/1196 Constructs of Successful and Sustainable SME Leadership in East Africa Mwangi, Renson Muchiri; Sejjaaka, Samuel; Canney, Sue; Maina, Rosemary; Kairo,David; Rotich,Abraham; Owino,Edward; Nsereko,Issa; Mindra,Rachel Despite the markedly increased foreign investment, East African economies remain characterized by low levels of investment and capital formation with high level of attrition among indigenous small and medium enterprises. While there is a high failure rate among these SMEs, some are beginning to turn the corner and are exhibiting signs of robustness, innovativeness and sustainability. Relying on narrative accounts of successful SMEs leaders in Kenya and Uganda obtained through interviews and focus group discussions, this study sought to construct an account of leadership practices and ascriptions of success for SMEs that had succeeded. The study identified eight leadership constructs characteristic of successful SME leaders in Kenya and Uganda grouped into visioning, building commitment, social capital, personal values, anticipation and resilience, resourcefulness, responsiveness, and entrepreneurial orientation. While these results, on the face value, are apparently not unique, it was in the nuances of the leadership practice that difference was made. In conclusion, the study highlights implications for these findings in relation to policy and leadership practice among SMEs. Tue, 24 Jun 2014 00:00:00 GMT http://41.89.49.13:8080/xmlui/handle/123456789/1196 2014-06-24T00:00:00Z http://41.89.49.13:8080/xmlui/handle/123456789/779 Youth Engagement with Co-operatives in Kenya Youth Engagement with Co-operatives in Kenya1; Dynamism, innovation, entrepreneurship, adaptability, continuity and renewal; words that are benignly associated with youth. But the youth face daunting challenges that inhibit realization of this potential; unemployment, ostracization, inexperience, self-destruction through substance abuse among others. Moreover, in spite of the enumerated potential of the youth, their engagement and participation in Kenyan co-operative societies is largely undocumented and less is known about their involvement with, as well as their attitudes and behaviors towards co-operatives. How much knowledge about co-operatives do the youth possess? What is their level of awareness about the potential positive impact of co-operatives on their welfare? What impediments do they encounter when joining co-operatives? Relying on survey data collected from nine (9) Counties in Kenya, and focus group discussions held in five major towns, this research sought to examine and gain valuable insights into the perceptions, behavior and attitudes of the Kenyan youth toward co-operatives. While most of the youth were found to be cognizant of the existence of co-operatives, knew people who have benefitted from them, and perceive co-operatives to be important vehicles for accessing credit and accumulating saving, paradoxically many of them did not belong to co-operative. These findings have important implications on how co-operatives can engage the youth: a) Educate them on the importance of saving for the future and encourage them to engage in income-generating activities. b) Co-operatives should strive to ingratiate themselves with the youth by developing products that resonate with them. c) When reaching out, adoption of communication technologies that appeal to the youth is crucially essential. d) Co-operatives should make themselves more accessible to the youth by flexing membership rules and savings plans. e) Learning institutions – schools, colleges and universities – should consider incorporating co-operative studies in their curricula to enlighten young people on the co-operative model. f) Co-operatives should also consider developing mentorship programs to mainstream the youth into leadership. http://41.89.49.13:8080/xmlui/handle/123456789/779