Browsing by Author "Kagwaini, Dorothy Muthoka"
Now showing items 1-7 of 7
-
Kagwaini, Dorothy Muthoka; Opiyo, Amyrose; Kamau, Arnold; Kinyanjui, Wambui; Ireri, Winrose; Nzioka, Julius; Onjula, Rael; Okutu, Caren; Wesonga, Daniel Kwedho; Wanyanga, Abigael; Okuku, Beryl; Mutua, Jennifer; Kiiru, Jemimah (Daystar University, School of Business and Economics, May , 2021)[more][less]
Abstract: Dividend per share is the yield that a company pays for the ordinary shares that are held by the shareholders. The dividend is calculated by dividing the total dividends paid out by the company, including interim dividends, over a period of time, by the number of outstanding ordinary shares issued (Miller and Modigliani, 1961). Actually, dividend is the part of profit or reserves that is distributed to shareholders. Dividend decisions are taken by the finance manager and approved by company directors. Dividend payout and policy remains one of the most controversial and unresolved issues in corporate finance. The management is in dilemma about to pay a large or small percentage of their earnings as dividends or even just retain the earnings. The reason is that the management must satisfy the needs of the shareholders. According to Maclaney (2016), the dividend payout ratio is the amount of dividends paid to shareholders relative to the amount of total net income of a company. The amount that is not paid out in dividends to shareholders but is held by the company for growth is known as retained earnings. Key decisions are how much and when to distribute dividends considering: 1. The size of the business 2. The stability of the firm 3. The dividend policy adopted by the management 4. The frequency of dividend payments The Central Bank of Kenya (CBK) sent out a circular dated August 14, 2020, to all banks. The circular citing the critical role played by banks during the Corona Virus (COVID-19) pandemic by ensuring maintenance of banking operations, provision of credit and availing relief to borrowers by way of restructuring loans. In view of this and as a result of the effects of the pandemic, Central Bank highlighted that as a consequence, commercial banks and mortgage finance companies would require further interrogation and evaluation regarding ways to address the impact in the immediate term (Central Bank of Kenya, 2020). The Circular further enumerated that in order to remain resilient banks would need to pay particular attention to bank balance sheets through additional capital and adequate liquidity. Subsequently, it was noted that those that would take precautionary measures would be resilient enough to better support post-pandemic economic recovery (Central Bank of Kenya, 2020). The Central Bank mandate of bank supervision guides that the CBK has the final say on whether or not the capital levels arrived at by each bank is feasible. Banks are required to assess and maintain on a regular basis capital that is considered adequate to cover risks to which they are/might be exposed. The determination is made upon endorsement by the Central Bank of a bank board’s decision to pay out dividends (Cytonn, 2020). Minimum capital requirement is considered imperative for banks as they need to maintain limits that can meet credit, market, and operational risks (Farid, 2010). That notwithstanding, CBK reported that the banking sector experienced a drop in pre-tax profit for the year ended 2020 to Kshs.112.9 billion compared to Kshs.159.1 billion the previous year – marking an 8-year low (Mwaniki, 2021). The CBK mandate of bank supervision consists of ensuring financial stability by the maintenance of a functional banking system. Ensuring that commercial banks and mortgage companies implement internal procedures and systems to maintain adequate capital resources is essential to forestall economic shocks in the future. Notably, the banks went ahead to declare dividends that would be sustainable such as Kenya Commercial Bank declaring Kshs.1 dividend per share in contrast with Kshs.3.5 the previous year. Description: Financial Management and Control Course (FIN 611X) URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3707 Files in this item: 1
-
Kagwaini, Dorothy Muthoka; Momanyi, Amos; Mushizi, Aubin; Wangio, Dreda; Shukhe, Duba; Momanyi, Elizabeth; Njonjo, Fidelis; Hajara, Gift Atta; Kaindi, Irene; Macharia, Irene; Mutendeu, Judy; Mbai, Miriam; Mbali, Rhoda; Kabeney, Salome (Daystar University, School of Business and Economics, November 30, 2020)
[more][less]Abstract: With the disruption of technologies such as the big data, artificial intelligence, the internet of things, robotics, cryptocurrencies and blockchains, business models in various sectors have been influenced both positively and negatively. The World Economic Forum ‘prophecy’ of businesses and individuals failure to embrace these technologies is slowly coming to pass. Innovation diffusion theory was used to explain why Kenyans are still wondering whether cryptocurrencies and blockchain is hype or a transformational technology that is able to create business opportunity or not. The purpose was to critique the Central Bank of Kenya’s cryptocurrencies and blockchains public notice that was issued in an attempt to provide benefits and challenges of these technologies. Qualitative, secondary data was used based on narrative analysis specifically thematic analysis applied. The findings showed a trade-off between these technologies. The conclusion was that these technologies are transformational and probably will be adopted be as legal tender issued by the central banks. The contribution of this article is largely for academic purposes as well as to the Central Bank of Kenya, to spur them to research, learn and venture into ways of utilizing these technologies. Description: Class Project URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3330 Files in this item: 1
-
Kagwaini, Dorothy Muthoka (Daystar University, School of Arts and Humanities, 2019)[more][less]
Abstract: The rapid pace of emerging technologies is playing an increasingly important role in overcoming fundamental human limitations. While the new dispensation of Fourth Industrial Technology (4IR) introduced a realization of a successful and sustainable digital economy, it has not yet achieved a smart society of strengthening techno-ethical inquiry of technology advances in areas unseen by creators while the users change the intended use of the new technology. Technological Singularity Theory was used in this article to discuss the theoretical framework. On one hand, the end goal is to have the earth produce beings that will be immortal and be able to understand mysteries. On the other hand, the problem of immortality with self-awareness and ego will likely disrupt the business as well as the society. The main purpose of this paper is to examine the end game of humans through ‘GRIN’ technologies and the role of Educators in universities. A systematic selection of science fiction movies were selected based on secondary data collected through documentary white papers from World Economic Forum and recent European novels that formed the findings of the paper. The findings showed that ‘GRIN’ technologies was being propelled by the universities as the ‘think tanks’ and may usher in unprecedented social and political upheaval that could affect all corners of the globe. In addition, professors/lecturers could borrow ‘management by objectives’ strategy to engage students on the need for techno-ethics. In conclusion, the government and academicians’ interest in ‘GRIN’ technologies incorporated into the human body will merely provide a reimagining of what it means to be human. The paper recommended university stakeholders especially Daystar University which is a Christian university in Africa to spur guidelines for public policy towards morphological human enhancement and create awareness of this emerging technology URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3578 Files in this item: 1
TheEndgame.pdf (579.7Kb) -
Katuka, Théophile M.; Kagwaini, Dorothy Muthoka; Waweru, Jimnah (International Journal of Economics, Commerce and Management, 2019)[more][less]
Abstract: The objective of this study was to examine the influence of firm-level factors on access to debt financing among Agribusiness-SMEs in Beni, DRC. The study’s target population consisted of 91 employees working in the respective finance departments of the 27 small and medium-sized agribusiness enterprises operating in Beni, DRC. A self-administered questionnaire was used to collect primary data which was analysed using the Statistical Package for Social Sciences (SPSS) version 23.0. Both descriptive and inferential statistical analysis were conducted. Findings showed that firm-specific factors, financial factors, and manager/owner factors play a significant role as far as access to debt is concerned. The study indicated that the three categories of factors combined together explain 66.4% of the access to debt financing among Agribusiness-SMEs in Beni. The study recommended that Agribusiness-SMEs have proper accounting in order to increase their chances of accessing debt financing. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3576 Files in this item: 1
-
Kagwaini, Dorothy Muthoka; Marima, Lynette; Kioko, Maurice; Ronald, Grace; Mwaura, Julia; Odhiambo, David; Bharaj, Raven; Nyanumba, Phillip; Oduor, Lovine; Nderitu, Edwin; Chege, Edwin; Mutunge, Winfred; Kyule, Jonathan; Ndambuki, Nelson (Daystar University, School of Business and Economics., 2020)
[more][less]Abstract: A mid the COVID-19 pandemic that has entered the fourth month since the first case was reported in March 2020, it has indeed brought unprecedented environment in the business arena. Actually, not only to businesses that are referred to as artificial persons, but also to the biological persons that are feeling the heat of the pandemic. In Kenya, most of the sectors of economy have been closed down as a result of the measures put in place by the government. This has led to loss of jobs, termination of contracts between businesses as well as low or cut payments to employees and suppliers. The Government has asked companies and business institutions to allow staff to work from home with the exception of some of the critical businesses making operations difficult. This has forced some of the organizations to rely on the digital platforms such as the Zoom, Google meet and Microsoft teams as their interaction platform with their clients thus ensuring their businesses continue even under the pandemic circumstances. The consequences have been felt globally with decline on global remittances, risks of accelerating mobile money with cyber-risks and digital fraud, risk of unhealthy diets, and even unintended consequences of health care for chronic people suffering from other diseases apart from COVID-19 and such like (World Economic Forum, 2020). With the expectation of the President Uhuru Kenyatta to open the economy and remove the lock down of counties, businesses analysts and chartists are struggling with the tussle between the bulls and bears. The bad news is that they are in favour of the bears in the near term. Looking at Europe, Asia and America, various governments have injected capital in to their economy while Kenya was not left out in this strategy. President, Uhuru Kenyatta announced some fiscal measures as well as monetary measures to help the economy recover from the downtrends of the pandemic. However, Kenya is still facing far more serious economic issues and with rising cases of COVID-19 pandemic, solemn thinking must be done by organisations as well as business leaders. On one hand, businesses are being required to invest in health and safety measures and on the other hand, businesses are wondering where the finances for those investment will be sourced from. The purpose of this article was to examine the various investment decisions as well as financing decisions businesses/or organizations are using in the midst of this COVID-19 Pandemic. The contribution of this paper is for institutions such like universities and schools to be aware of the eventualities and use the findings to learn from other organisations on what they have been able to achieve to maintain their sustainability. Other organisations a can use the results of this article to startegise on how to remain afloat; and individuals can also draw lessons from the artificial persons and be able to strategically plan for the days ahead. The paper was structured in five sections: Section 1 carried the introduction. Section 2 gave a brief literature review. Sections 3 explained the methodology; section 4 showed the findings and discussion while section 5 provided the conclusion and recommendation. Description: Reflections from Financial Management and Control Course Code: FIN 611X URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3170 Files in this item: 1
-
Kagwaini, Dorothy Muthoka; Kinuthia, Francis Gitau (Kenya School of Monetary Studies, 2018)[more][less]
Abstract: Rural Kenya has challenging environment for implementation of communication infrastructure, for data and Internet services, the situation drives network operators to establish network infrastructures in urban areas leaving rural areas as underserve. This paper seeks to identify and recommend an optimal integrated technical solution that utilizes television white space and fiber optic technology, to address the rural digital divide with respect to broadband internet in Kenya. Specifically, for farmers in championing of the Food Security pillar in the Big Four Agenda. With an argument that television white space and optical networks can be integrated and deployed, with the government support to deliver an optimal cost effective solution to reach the digitally unreached and underserved rural populations. The motivation for the study is that despite the potential socioeconomic benefits and growth in demand for broadband internet, rural areas remain isolated digitally. The study, will appraise various flavors of fiber optic technology, features of television white space before going on to recommend a deployment architecture informed by the results of county situation analyses and lessons learnt from South Korea which is recognized for its quality and technology innovativeness. The contribution of this study is to encourage researchers and technologists to partner and drive higher education to the next level. Also, to ensure cost effectiveness, the government is encouraged to partner with any operators of technology to provide incentives such as tax rebates and zero rated services to make the big four agenda a reality. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3579 Files in this item: 1
-
Kagwaini, Dorothy Muthoka (Faculty of Management and Finance, University of Ruhuna, 2019)[more][less]
Abstract: In the year 2015 the International Accounting Standards Board made a decision to stick to their core business of financial reporting. However, the need for efficient and effective ways of measuring and communicating non-financial information is paramount to ensure the realization of corporate reporting disclosure that has been at loggerheads with the traditional financial reporting. The purpose was to provide clarity in how the International Accounting Standards Board could play a more proactive role on corporate reporting disclosures by focusing on artificial intelligence. This will enable preparers to have a clear understanding of which standards would be appropriate when evaluating non-financial information. The paper adopted a qualitative approach whereby white papers from the World Economic Forum as well as journal papers were used. Drawing from the use of artificial intelligence, this paper reported on the current developments of the Global Regulator‘s taxonomy, benefits of corporate reporting disclosures by firms along with practical guidelines for mentality change of Accountants in their profession. Finally, challenges advanced by the artificial intelligence such as societal impacts were argued. It was concluded that the Global Regulator could improve the current taxonomy to include non-financial information. This paper will contribute to the body of knowledge as there is scarcity of published data related to to corporate reporting disclosure in emerging economies as well as their responsiveness to country specific regulators. URI: http://repository.daystar.ac.ke/xmlui/handle/123456789/3577 Files in this item: 1
Now showing items 1-7 of 7