https://www.iprjb.org/journals/index.php/IJFA/issue/feed International Journal of Finance and Accounting 2021-12-01T16:24:15+03:00 Journal Admin journals@iprjb.org Open Journal Systems <p>International Journal of Finance and Accounting (IJFA) is a peer reviewed journal published by IPRJB.IJAF emphasize on the interdependency of accounting and finance reflects the increasing complexity of corporate financial management in recent years and v verifies the importance of understanding accounting and finance from an international context. Being a high factor journal IJAF is published in both online and printed version.</p> <p><span id="internal-source-marker_0.04939836589619517"> </span></p> https://www.iprjb.org/journals/index.php/IJFA/article/view/1405 INTEREST RATE, MONEY SUPPLY AND GROWTH OF MORTGAGE FINANCING AMONG COMMERCIAL BANKS IN KENYA 2021-10-28T07:48:59+03:00 Chanzu Luyali newtonchanzuluyali@yahoo.com Julius Bichanga info@iprjb.org M Gekara info@iprjb.org <p><strong>Purpose:</strong> The purpose of this study was to investigate the effects of interest rate and money supply on the growth of mortgage financing among Commercial banks in Kenya.</p> <p><strong>Materials and methods:</strong> The study adopted a descriptive research design. The population contained 35 loan lending commercial banks over a period between 1985 and 2019. Secondary data was used from desired financial statements available to the public of the singular commercial banks and other posted reports of financial institutions and establishments in conformity with the study. Time-series data were analyzed using STATA version 13 software, regression analysis and model specification tests. The hypothesis was tested using the multiple regression approach a significance level of 0.05 was used.</p> <p><strong>Results:</strong> The study found that interest rate (coef= -0.0822, p= 0.007) and money supply (coef= 0.548, p= 0.00) have significant effects on the growth of mortgage financing among Kenyan commercial banks.</p> <p><strong>Unique contribution to theory, practice and policy:</strong> Kenya's central bank should put in place mechanisms to guarantee that interest rates and money supply do not have adverse impacts on bank mortgage financing. The government should guarantee currency stability since currency fluctuations may have a negative impact on commercial bank mortgage borrowing. The classical theory is therefore relevant in our research since interest rates impact mortgages when capital demand increases. The quantity theory of money demand also holds that individuals want cash based on the transactions they need.</p> 2021-10-28T00:00:00+03:00 Copyright (c) 2021 International Journal of Finance and Accounting https://www.iprjb.org/journals/index.php/IJFA/article/view/1407 LIQUIDITY RISK MANAGEMENT AND FINANCIAL PERFORMANACE OF STATE OWNED ENTERPRISES IN KENYA 2021-10-30T13:52:19+03:00 Ambrose Jagongo info@iprjb.org Emmy Rop emmychelangat@yahoo.com <p><strong>Purpose: </strong>The study sought to investigate the effect of liquidity risk management on financial performance of state owned enterprises in Kenya.</p> <p><strong>Materials and</strong> <strong>Methods: </strong>The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library</p> <p><strong>Results: </strong>The results revealed that the studies done had conceptual framework gap. The study also found out that the study had geographical gap because they were not conducted in Kenya and also had different time scope</p> <p><strong>Unique contribution to theory, practice and policy</strong><strong>: </strong>The study will be significant to state owned enterprises, students, general public and State Corporations Advisory Committee as it will offer contributions from both a theoretical and practical perspective. Regulatory bodies such as SCAC as well as the government can utilize the findings from the study to improve on the framework for policy formulation and regulation. The study also recommends the Commercial and manufacturing state Corporations to adopt efficient strategies to improve financial performance through risk management process.</p> 2021-10-30T00:00:00+03:00 Copyright (c) 2021 International Journal of Finance and Accounting https://www.iprjb.org/journals/index.php/IJFA/article/view/1408 NON-PERFORMING LOANS AND FINANCIAL STABILITY OF DEPOSIT TAKING SACCOS REGULATED BY SASRA 2021-10-30T15:01:58+03:00 Rahab Ntoiti rahabntoiti@gmail.com Ambrose Jagongo info@iprjb.org <p><strong>Purpose: </strong>The study sought to investigate the effect of non-performing loan on financial stability of deposit taking SACCOs in Kenya.</p> <p><strong>Materials and</strong> <strong>Methods: </strong>The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library</p> <p><strong>Results: </strong>Nonperforming loans and their effect on the financial stability of SACCOs using have not been adequately featured in any of the studies reviewed. This leaves a gap that needs to be filled. SACCOs play a very vital role in the financial intermediation in the Kenyan economy and their uniqueness in operations. This study will therefore focus on filling this gap.</p> <p><strong>Unique contribution to theory, practice and policy</strong><strong>: </strong>the study findings of this study will assist the regulators of Sacco’s SASRA to formulate stringent policies to tame the rising cases of non-performing loans. The findings of this study will be useful to SACCOs within Nairobi County in evaluating how effective their approach to managing NPLs has been. This will enable them to identify the gaps in their management of NPLs and adjust accordingly.</p> 2021-10-30T00:00:00+03:00 Copyright (c) 2021 International Journal of Finance and Accounting https://www.iprjb.org/journals/index.php/IJFA/article/view/1411 BANKRUPTCY RISK INDICATORS AND FINANCIAL REPORTING TIMELINESS: THE CASE OF COMPANIES LISTED AT NAIROBI SECURITIES EXCHANGE, KENYA 2021-11-04T16:55:23+03:00 Isabella Kogei kogeiisabella@gmail.com Ambrose Jagongo Jagongo info@iprjb.org <p><strong>Purpose: </strong>The study sought to investigate effect of bankruptcy risk indicators on financial reporting timeliness of listed companies in Kenya.</p> <p><strong>Materials and</strong> <strong>Methods: </strong>The study adopted a desktop methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library</p> <p><strong>Results: </strong>The results revealed that the studies done had conceptual framework gap. The study also found out that the study had geographical gap because they were not conducted in Kenya and also had different methodological gap.</p> <p><strong>Unique contribution to theory, practice and policy</strong><strong>: </strong>The findings of the study add to the databank of knowledge on the effect of bankruptcy risk on the timeliness of financial reporting of listed on NSE which propels further discussion on the subject. The findings will provide useful insights to corporate executives on bankruptcy risk attributes that have a bearing on financial reporting for their implementation. The findings of the study inform investors on bankruptcy risk indicators to look into that contribute to timeliness of financial reporting. This information is very useful to investors when choosing in which listed companies to invest their money. Finally, the findings of the study inform the regulator (CMA) the timeliness of financial reporting of companies listed on NSE in Kenya. This information forms a base on policy formulation in search of measures that can protect and improve timely financial reporting in corporate world to enhance market efficiencies.</p> 2021-11-04T00:00:00+03:00 Copyright (c) 2021 International Journal of Finance and Accounting https://www.iprjb.org/journals/index.php/IJFA/article/view/1424 FINANCIAL FACTORS AFFECTING PRODUCTION EFFICIENCY OF SMALL SCALE COFFEE FARMS IN BURUNDI 2021-12-01T16:24:15+03:00 Epiphany Bukuru epiphabu680@gmail.com Nasieku Tabitha info@iprjb.org <p><strong>Purpose</strong>: The study sought to evaluate financial factors affecting the production efficiency of small-scale coffee farms in Burundi.</p> <p><strong>Methodology</strong>: The research design used during the study was descriptive. The research targeted a population of 300 small-scale coffee farmers. The study had a sample population of 121 smallholder coffee farmers. The study conducted the research for a 6-year period between 2015-2020. The data was collected using a secondary data collection sheet. Secondary data was obtained from Coffee federations' annual reports, cooperatives reports, and coffee farmers’ records. Analysis of the data was done using the Eviews student 11 version. The analyzed data was presented in form of tabulations, mean and standard deviation.</p> <p><strong>Findings:</strong> The study findings showed that the correlation analysis showed that the selling prices per kilogram of coffee beans had a negative and significant correlation to the production efficiency by R = 0.98. Production efficiency had a negative and significant correlation to capital availability by R = 0.260. Lastly, production efficiency had a positive and significant correlation to production costs at R = 0.500. The findings of the research obtained that selling prices per kilogram of coffee beans had a not significant negative effect on production efficiency, while capital availability and production costs had a positive effect on the production efficiency.</p> <p><strong>A unique contribution to theory, practice, and policy:</strong> The study recommended that government should review the policies relating to the selling prices per kilogram of coffee beans to improve small-scale coffee farmers’ incomes. Government should also facilitate access to credit to small-scale coffee farmers. The study incorporated the Cobweb theory of price fluctuation, the theory of credit rationing also called adverse selection theory, and the high payoff inputs model.</p> 2021-12-01T00:00:00+03:00 Copyright (c) 2021 International Journal of Finance and Accounting