Our Journals

Abstract:This study analyzed effects of financing structure on financial performance of supermarkets. The study aimed to specifically determine the effect of retained profits on performance of supermarkets. The study was informed by Pecking Order Theory and Tradeoff Theory. The study adopted an explanatory research design to show cause effect relationship. The target population of this study was 210 comprising of 4 supermarkets operating within Kitale central business district. The study used simple random sampling of 137 respondents that were used in the study. Five points like at scale questionnaire was used to collect data. SPSS version 20 aided to analyze Quantitative data using descriptive statistical methods such as mean. Inferential statistic such as Pearson correlation coefficients r and multiple regression models was used. The study findings indicated that there is a significant relationship between retained profits and performance of supermarkets, (p<0.05). The study concludes that retained profit affect performance of supermarket through reinvestment. The study recommends that; the supermarkets should prioritize on the use of retained profits to increase stock.

Keywords:Effect, Performance, Profits, Supermarkets.
Title:EFFECT OF RETAINED PROFITS ON PERFORMANCE OF SUPERMARKETS IN TRANS NZOIA COUNTY, KENYA
Author:John Ngitira Lokwang, Dr. Joseph Gichure, Evans B. Oteki
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract:A capital market is said to be efficient with respect to an information item if the prices of securities fully impound the return implications of that item. The efficiency with which the capital formation is carried out depends on the efficiency of the capital markets and financial institutions. A capital market is said to be efficient with respect to corporate even announcement like, stock split, buyback, right issue, bonus announcement, merger and acquision etc. contained information and disseminations. How quickly and correctly the security prices reflect these event contained information show the efficiency of stock markets. Present study is an attempt to test the efficiency of Indian stock market with respect to Right Issues.

Keywords:Stock Market, Right Issue, Index fluctuations, Nifty, Returns.
Title:ANALYSIS OF SELECTED RIGHTS ISSUE AND THIS IMPACT ON INDIAN STOCK MARKET RETURNS
Author:MR. UNEEZ.B
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract:Managing stock effectively is important for any organization, running a hospital is no exception because without enough stock, services to patients will come to a halt. Stock represents the largest single investment in assets for most organizations. Health facilities must provide 24-hour services and accordingly, the need to keep stocks of certain medicines and other medical supplies to be able to discharge their duties effectively. It is a generally held opinion that where stock management by health facilities is poor, delivery of healthcare is normally affected. Hence, this study examined the factors affecting inventory management practices on service delivery using Trans-Nzoia County Referrals Hospitals. The specific objectives for this study were inventory technique, training, lead time and information technology. This study was to be enhanced in different theories relevant to the variables covered under this study. The target population was 400 management staff working at the following departments; Human Resource and Administration ,Finance, Audit, Procurement Stores ,Inspection, Transport ,Kitchen and Cleaning which include the senior, middle and junior staffs involved directly or indirectly. Sample sizes of 120 respondents were selected from the population. The research designs used were both quantitative and qualitative since it contains both numeric and word as the design. Data was presented in the form of tables. Questionnaires were used to collect data which contained both open and closed ended questions and covered all the areas of inventory management to come up with good raw data and descriptive statistics data analysis method applied to analyze data using Statistical Package for Social Sciences version 20. The study concluded that the inventory management practices affect the service delivery of health of public hospitals. There were certain limitations such as resource constraint which prohibited collecting information from the respondents and time constraint was also a challenge. Although the study was on the factors affecting of inventory management practices on the service delivery in hospital, it is recommended that the similar studies should be done in other sectors of the Kenya economy for comparison purposes and to allow for generalization of findings on the inventory management in Kenya.

Keywords:Inventory techniques, Training, Lead time and Inventory management practices.
Title:FACTORS AFFECTING INVENTORY MANAGEMENT PRACTICES ON SERVICE DELIVERY IN COUNTY GOVERNMENT HOSPITALS IN KENYA (A CASE OF TRANSNZOIA COUNTY)
Author:Mukuna, Khasakhala, David, Dr. Osoro, Antony
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: Kenya’s smallholder agriculture remains a major engine of rural growth and livelihood improvement, yet it is largely semi-subsistence. A more commercialized production system can transform the subsistence-oriented production system into a market-oriented production system as a way of increasing the smallholder farmer’s income, welfare outcomes and hence reduce rural poverty. This study sought to describe the effects of commercialization of small-scale vegetable farming on poverty levels in rural Kenya. It was carried out in Saboti constituency of Trans Nzoia County. The specific objectives were: To establish the production level of small scale vegetable farmers and the effect this has on poverty levels in Saboti constituency; to find out how the full exploitation of potential available marketing channels for small scale vegetable farmers affects the poverty levels in Saboti constituency; and to explore the effect of asset endowment of small scale vegetable farming on poverty   levels in Saboti constituency. This study adopted a descriptive survey research design, which ensures the collection of qualitative and quantitative data. The study covered small-scale farmers in Saboti constituency, using a sample of 316 respondents from a target study population of 1500. Structured questionnaires were the research instruments used in data collection. Multiple regression analysis technique was used to determine the effect of independent variables on the dependent variable, and to measure the relative influence of each independent variable based on its covariance dependent variable. Data was analyzed using statistical package for social science,(SPSS version 16) and thereafter presented in tables. In the research findings, it was established that the production level of vegetables among small-scale farmers was low and therefore did not help in reducing poverty level. From the study, it was observed that most farmers did not exploit available markets and marketing channels for their products, they relied on intermediaries who bought their produce at the farm gate; such a move hindered them from selling their produce at better prices hence benefit socio-economically from it. Low level of production of vegetable did not enhance a saving culture, it hindered small-scale farmers from accumulating wealth from it hence lowering the asset endowment of farmers; thereby, sustaining low standards of living. 

Keywords:Production level, Market availability, Asset endowment and Poverty level.
Title:INFLUENCE OF COMMERCIALIZATION OF SMALL SCALE VEGETABLE FARMING ON POVERTY ERADICATION IN SABOTI CONSTITUENCY
Author:Matasi, Kaari, Zipporah, Dr. William, Sakataka
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract:Over the past decade, interest has increased in the concept of corporate social responsibility (CSR) and the proposition that corporations should take into account the interests of stakeholders other than their shareholders. Firms both locally and globally have increasingly embraced the CSR concept sparking debates on its role towards the business primary objective of creating wealth to its shareholders. The purpose of this study was to analyze the influence of CSR on firms’ performance, to settle the debate as to whether it adds value to business or is wasteful with no benefit. The specific objectives were to determine the influence of publicity on firms’ performance, to evaluate the influence of reputation on firms’ performance, to examine the influence of customer goodwill on firms’ performance and asses the influence of sustainability on firms’ performance. To achieve this, the study employed the shareholder theory, stakeholder theory and agency theory. The study narrowed to commercial banks in Kisumu County and descriptive research design was employed. The research investigated 20 commercial banks based in Kisumu County which acted as a sample of the 27 registered commercial banks represented in Kisumu County. This is because the 20 banks served as a fair representation of the study population. Primary data was collected through semi structured questionnaires and they were administered to the employees of the sampled banks through “drop and pick later”. The collected data was then analyzed using descriptive statistics and the results presented using frequency tables, charts and graphs. A linear regression model was also drawn to determine the influence that the independent variables has on the dependent variable. From the presented information, conclusions on whether and how CSR influences firms’ performance was drawn and recommendations made from there. Findings were presented in the form of p-charts, tables and graphs. The study sought to reveal that most firms engage in CSR to enhance their performance. The study found a significant influence of publicity on firms’ performance. It was also found that reputation influenced firms’ performance. The same applied for customer goodwill and sustainability which were also found to have significant influence on firms’ performance. This study helped establish the influence of CSR on firms’ performance and recommends that it be used strategically to enhance performance for firms while it benefits the society at large. The findings of this research will be useful as a case reference in future studies on the subject and will also add to the existing literature on this topic.

Keywords:  Firms Performance, Corporate Social Responsibility.
Title:INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY ON FIRMS’ PERFORMANCE: A STUDY OF COMMERCIAL BANKS IN KISUMU COUNTY
Author:Solomon Otieno Owino, Elizabeth Nambuswa Makokha
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications