Papers by Andrew Nyakundi

The Influence of Capital Structure on the Financial Performance of Small and Medium Enterprises in Mitooma District, Uganda
IDOSR JOURNAL OF CURRENT ISSUES IN ARTS AND HUMANITIES, Dec 16, 2023
Small and medium enterprises (SMEs) are pivotal for a nation's economic growth, represent... more Small and medium enterprises (SMEs) are pivotal for a nation's economic growth, representing 90% of global businesses and generating 50% of job opportunities. In Uganda, this sector employs approximately 2.5 million individuals and contributes 18% to the GDP. Despite this significant impact, 45% of Ugandan SMEs face imminent collapse due to financial hurdles. Consequently, this study aimed to explore how capital structure influences the financial performance of SMEs in Mitooma District. The objectives were to scrutinize the impact of equity capital, debt capital, and retained earnings on SMEs' financial performance. Grounded in the Pecking Order Theory and Trade Theory, the study followed a quantitative research approach employing a descriptive research design. With a population of 836, a scientifically determined sample of 271 was selected through random and purposive sampling methods. Data collection involved a validated and reliable questionnaire. Using regression analysis through SPSS, the study found that the model provided a robust level of prediction (R=.678), explaining 45.9% (R2=.459) of the variability in SMEs' financial performance. Specifically, equity capital (t=-1.975, P=.045, P<.05), debt capital (t=7.015, P=.000, P<.05), and retained earnings (t=6.289, P=.000, P<.05) emerged as statistically significant factors. Conclusively, the study highlighted that equity capital, debt capital, and retained earnings significantly influence SMEs' financial performance. To enhance their financial standing, the recommendation is for SMEs to adopt innovative strategies. These findings hold relevance for policymakers, SME stakeholders, academic circles, and SME owners, offering valuable insights into bolstering this critical sector.

IDOSR JOURNAL OF HUMANITIES AND SOCIAL SCIENCES, Sep 21, 2023
This study examines the impact of working capital management on the financial performance of Savi... more This study examines the impact of working capital management on the financial performance of Savings and Credit Cooperative Societies (SACCOs) in Sheema Municipality, Uganda. SACCOs play a vital role in Uganda's economic development, contributing to the country's GDP and providing financial services to a significant portion of the population. However, SACCOs have faced challenges in managing their working capital, particularly in cash management, accounts receivable management, and accounts payable management. The study employed a descriptive research design with a sample size of 106 respondents. The data was collected using questionnaires, and the study used multiple regression analysis to analyze the data. The findings indicated that cash management and accounts payable management had an insignificant effect on financial performance, while accounts receivable management had a significant effect. The study recommends the implementation of automated systems, effective internal controls, and staff training to improve SACCOs' working capital management. The research is valuable for government policymakers, scholars, and SACCO management teams.

INOSR HUMANITIES AND SOCIAL SCIENCES, Dec 29, 2023
This research delved into the impact of financial reporting on service provision within Uganda's ... more This research delved into the impact of financial reporting on service provision within Uganda's Bushenyi-Ishaka Municipality. Despite governmental efforts and legislation aimed at enhancing service delivery, the actual status remains notably deficient in this specific region. Consequently, the study sought to uncover the influence of fiscal, operational, and integrated financial reporting on service provision, areas that have largely lacked exploration. The research framework was rooted in Agency Theory and executed through a targeted population of 100, with a scientifically determined sample size of 80. Respondents were selected via simple random sampling, and data collection employed a questionnaire with robust reliability (0.89) and validity (0.76) measures. Analysis was conducted utilizing SPSS software, employing multiple regression analysis after validating all regression assumptions within acceptable limits. The findings revealed a robust regression model (R = .986) explaining 97.1% of the variability in service delivery (R2 = .971). Specifically, fiscal financial reporting (t = 8.479, P = .000, P < .05) and operational financial reporting (t = 3.288, P = .002, P < .05) significantly influenced service delivery, whereas integrated reporting exhibited insignificance (t = .075, P = .940, P > .05). As a result, the study concluded that fiscal and operational financial reporting wielded considerable impact on service provision, while integrated financial reporting demonstrated minimal effect. In light of these conclusions, the study recommended the implementation of an automated reporting system. These findings hold relevance for government bodies, researchers, and the Bushenyi-Ishaka Municipality, offering valuable insights for improving service delivery.

International Journal of Finance and Accounting, 2021
Purpose: The study did an evaluation of cost-benefits of oyster mushroom production using innovat... more Purpose: The study did an evaluation of cost-benefits of oyster mushroom production using innovative water hyacinth substrate for sustainable development of Sme, Kenya. Methodology: The study employed the Benefit-Cost Analysis (BCA) technique for the evaluation Findings: Oyster mushroom is edible and belongs to fungi Kingdom and can play a key role in economic development of a country. It can also contribute immensely to human wellness through enhancement of body immune system when consumed regularly. Unique contribution to theory, practice and policy There is need to evaluate the Cost-Benefits of Oyster Mushroom Production Using Innovative Water Hyacinth Substrate for Sustainable Development of SMEs in Kenya. Objectives include determination of economic Net present Value (ENPV) and determination of Economic Benefit-Cost Ratio (EBCR). The significance of this study include control of Corona Virus (COVID-19) pandemic disease, poverty reduction, reduction of unemployment crisis and en...

Factors affecting small scale mushroom farming in Western Kenya : a case study of Mumias division in Butere-Mumias district, Kenya
The purpose of the research was to investigate on the various factors affecting small-scale mushr... more The purpose of the research was to investigate on the various factors affecting small-scale mushroom farming in Kenya focusing in Mumias Division with a view of establishing mushroom industry. The government is committed to alleviate poverty and create more jobs but the economic growth has been slow especially the contribution from conventional agriculture. Other countries that have taken mushroom farming seriously like China, the enterprise has created a lot of wealth to the people and it's now a formal business. Globally there are about 1.5 million species with only 30 species domesticated as edible and medicinal mushrooms. In Kenya, only oyster type is being grown whose production and spreading has been stagnating. It's against this background the study looked at such factors as characteristics, prevailing marketing strategies, management of the growing conditions, cost-benefit analysis of mushroom and sugarcane and other challenges affecting growers. The descriptive rese...

Influence of Innovativeness on Perfomance of Women Owned Private Primary Schools in Uasin Gishu County, Kenya
Women’s Small and Medium Enterprises (SMEs) play a critical role in economic growth of a country.... more Women’s Small and Medium Enterprises (SMEs) play a critical role in economic growth of a country. However, they face social and cultural challenges hindering their enterprises from faster growth. Studies have been conducted to investigate the influence of entrepreneurial competence on performance of the SMEs but the effect of innovativeness is unknown. This study therefore sought to examine the influence of innovativeness on performance of women owned private primary schools in Uasin Gishu County. The study was anchored on the Joseph Schumpeter’s innovation theory and guided by conceptual framework. Descriptive research design was used and the target population was 85 women owners of private primary schools in Uasin Gishu County. The sample size was 70 women entrepreneurs and simple random sampling was used to select the respondents. Primary data was collected by using questionnaires and secondary data was obtained from annual reports. Data was analyzed by use of Pearson product-mom...

Influence of Milk Collection and Utility Innovation on Value Chain Performance of Dairy Sector in Moiben Sub- County, Kenya
Agriculture contributes immensely toward Kenya’s vision 2030. The dairy sector currently contribu... more Agriculture contributes immensely toward Kenya’s vision 2030. The dairy sector currently contributes about 6-8% of Kenya’s GDP and over 70% of households in Uasin Gishu County depend on it. Majority of the stakeholders in the County are smallholder dairy farmers who face many challenges, some of which have attracted the attention of the government, donors and NGOs for support. Despite efforts made in improving the dairy sector, there is still low productivity. Value chain innovations seem to have contributed little in alleviating the problem. The issues of concern are milk collection and milk utility form innovations whose influence are unknown. Therefore, this study evaluated the influence of milk collection and utility innovation on performance of the dairy sector in Moiben Sub- County, Kenya. The study was anchored on Porter’s Value Chain Theory and Theory of Innovation, and guided by conceptual framework. Explanatory research design was used. The target population was 22138 and ...

European journal of management, 2019
Small and Medium Enterprises (SMEs) owned by youths play vital role in Kenya’s economy. Despite t... more Small and Medium Enterprises (SMEs) owned by youths play vital role in Kenya’s economy. Despite this key role, they are often faced with entrepreneurial risks. Studies have been conducted to investigate these risks but few have attempted to focus on youth owned SMEs. The effects of financial risk are unknown. Therefore, the purpose of this study is to investigate the influence of financial risk on performance of youth owned small and medium enterprises in Baringo North Sub County, Kenya. The research questions are; what is the influence of financial risk on performance of youth owned enterprises in Baringo North Sub County. The study was anchored on Enterprises Risk Management theory. A descriptive design was used. The target population was 182 and a sample of 125 respondents was used. Simple random sampling technique was used to select respondents and data collection was done using questionnaires. Multiple regression technique was used to analyze data with help of SPSS. From regres...
Economic evaluation of water hyacinth and sawdust as alternative substrates for oyster mushroom production in Vihiga county, Kenya
Factors affecting small scale mushroom farming in Western Kenya : a case study of Mumias division in Butere-Mumias district, Kenya
Uploads
Papers by Andrew Nyakundi