Indexing

Abstract:The aim of this study was to examine the effect of prequalification of suppliers on procurement performance in Judiciary in Kenya. Prequalification procurement is a risk management strategy by procuring entities to reduce suppliers’ related risks such as failure to deliver supplies on time and safety needs, litigation costs due to failure or cancelation of tender, suppliers’ insolvency, technical competences as well as resource capabilities. The main objective of carrying out prequalification procurement is to remove potential bidders that are not capable of meeting contract requirements. The study was guided by the following objectives: - to ascertain how cycle time affects procurement performance of the Judiciary, to establish how quality of product/service affect procurement performance of the Judiciary and to determine the effects of overall cost on procurement performance of the Judiciary. The study used a descriptive research design, which was the most applicable for the study, as the study focused on describing the relationship between the independent variables and the dependent variable. The target population was 134 employees of the Judiciary who were working at various stations country wide. From the target population of 134, Taro Yamane sample size formula was used to select a sample size of 100 employees. The study used stratified sampling technique to select the employees where a respondent was picked from.  This research used both primary and secondary methods of data collection. Descriptive analysis was employed to analyze section one that is, the bio-data. Regression analysis was used to identify the relationship between the variables. The overall contribution of the independent variables accounted for 83% (R2 = 0.832) of the procurement performance in the judiciary. On the analysis of variance (ANOVA), with the p= 0.000, being less than 0.05, depicted a statistically significant model which was then used to analyze how the dependent variable was predicted by the independent variables. The findings reveals that  the F-value of 39.96 with a p value of 0.00 is significant at 5% indicate that the overall regression model is significant, hence, the joint contribution of the independent variables  was significant in predicting factors affecting procurement performance. Cycle time accounted for 41%, quality of goods/services accounted for 27% while cost accounted for 12%. Constant = 0.512. Prequalification is a useful method of gaining knowledge of specific groups of suppliers with the primary aim of minimizing cost and risk for both procuring entities and suppliers.
Keywords:  Cost, Cycle Time, Quality, Procurement Performance & Procurement Regulations.
Title:Effects of Pre- Qualification of Suppliers on Procurement Performance of the Judiciary in Kenya
Author:Glotildah Cherop Limo, Prof. Mike A. Iravo, Moses K. Lagat
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: The Public Road Transport sector Kenya is one of the sectors that has a significant contribution to economic growth by 23%. It is approximated that 75% of the Kenyan population depend on Public Road Transport despite the informal nature of the sector. Despite the industry regulation formulated under the Traffic Act Cap 403 legal notice 161 to regulate the activities of the key players under Sacco’s, customers have continued to experience substandard services thus underperformance of the sector in terms of service quality. It is evident that players in the Public Road Transport sector have not yet complied with the regulations of Traffic Act Cap 403. Increased rate of accidents, violation of National Transport and Safety Authority (NTSA) and traffic rules is evident and rampant in the Kenyan Public Road Transport Sector. The study sought to establish the relationship between labour management and customer service in the Public Road Transport Sector Sacco’s in Kenya.. The study was anchored on three theories; Labour Process Theory, Rational Choice Theory and Theory of Reason Action and Planned Behavior.  The study adopted descriptive research design to investigate the problem under investigation. A sample size of 384 public road commuters was purposively selected in Meru County. Structured questionnaires were used as instruments of data collection. Regression data analysis was used to establish the statistical relationship between the variables. It was established that there was a statistical significant relations between labour management and customer service in public transport sector Sacco’s Meru County, Kenya. It was concluded that unless the Government takes appropriate initiatives through Independent Police Oversight Authority, NTSA and Traffic Police curbing non-compliance of regulation by Sacco’s will be an uphill task. It was recommended that public road transport sector Sacco’s should ensure that formulated regulations are implemented with minimal resistance.
Keywords: Labour Management, Public Transport Sector, Customer Service.
Title: Relationship between Labour Management and Customer Service in the Public Road Transport Sector in Kenya
Author: David Gichuru, Dr. Eunice Kirimi, Clement Nkaabu
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: Fiscal policy in Kingdom of Saudi Arabia facing a lot of challenges under volatile oil prices, both in the long-term and short-term, in the long-term for the achievement of fiscal sustainability, and in the short-term for obtaining macroeconomic stability and sound fiscal planning. The fall international oil prices, since the mid 2008 has brought to the fore a different questions- whether the Kingdom can sustain spending levels reached in the previous years as much as to keep positive rate of economic growth? Study use yearly data that span between 1990-2016; OLS method employed to estimate non-linear econometric model in order to examine the impact of selected fiscal policy variables on long-term economic growth under volatile oil prices. The regression results shows that lag current expenditure has positive and significant impact on GDP growth, nevertheless human capital and oil price volatility performed greater positive and significant impact on GDP growth, while capital accumulation deserve negative impact on long-term economic growth, but capital expenditure shows weak positive impact in economic growth. The study recommended the important of reallocating the accumulated financial surplus in to efficiently and more productive sectors.

Keywords: economic growth, fiscal policy and oil price volatility.
Title:  A GOVERNMENT FISCAL POLICY AND ECONOMIC GROWTH UNDER VOLATILE OIL PRICES: A CASE STUDY OF KINGDOM OF SAUDI ARABIA (1990-2016)
Author: Ibrahim A.M. Belal, Hawa.A.B.Saad Allah
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: The purpose of this project was to investigate the factors that influence the capital structure of micro and small enterprises (MSEs) operating in Kapenguria Town. The capital structure that an enterprise chooses is bound to determine their operationalization and performance. Therefore the objective of this study was directed at identifying the factors that influence the choice of capital structure of micro and small enterprises, establish the level to which the factors determine their capital structure and to analyse extent to which enterprise use borrowed funds. The study employed a descriptive survey research design through the use of self-administered questionnaires with both open ended and closed ended questions directly collecting raw data from selected MSEs in Kapenguria Town. The study target population was 61 registered business enterprises in the town and census sampling was employed. Findings the null hypothesis, H01 There is no significant relationship between age of a firm and its capital structure. The study rejected the hypothesis (β = 0.521, P = 0.000). The study concluded that the age of the firm influenced the capital structure of the firm. This is attributed to the fact that how old a firm is plays a role in determining its grounding in the market place and its ability to have found a niche for itself. The firm is therefore able to have more finances to inject into the business as equity as a result of being well established.

Keywords: Age of a firm, borrowed funds, capital structure, micro and small enterprises, operationalization, performance.
Title: Factors Influencing the Capital Structure of Micro and Small Enterprises in Kapenguria Town, West Pokot County in Kenya
Author: Philip Poghisyo Ptiso, Prof. Willy Muturi, Evans B. Oteki
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: People are different by nature, attitude, beliefs and their own values what are holding in this world.  Psychologically all the concept has its own meaning and different in all aspects. Traditional concept sayings that a Person includes all the characters which are substantially related with his environment and the response what he accepts and giving from the concerned environment.  Then it says that all the external and internal factors are the sum of someone’s personality and it become mould a human being.  Theories are postulating the meaning in different ways. But it is deliberately clear that all the above factors are must be contain in a someone’s personality or the character, either knowingly or unknowingly this factors works in every human beings. Personality is the dynamic organization within the individual of those psychological systems that determine his unique adjustment to his environment.  It refers how a person affect others and how he understands and views himself as well as the pattern of inner and outer measurable traits and the persons situation interaction.  Importance of the values are depend on the great extend of its organizational goals and achievements.  Values sometimes act as the basic element of creating or exploring the personality and character, on the same course it directly affect the desired output what the organization team expecting. When there is low work value congruence, the individual may engage in detrimental behaviors if the individual has a strong belief in his/her own values.  Values are the component of behavior modification and character formation of a human.  In the respect of contemporary views of management saying, the typical value shaping a human and works as stimuli for his commitment and dedication towards his work to the organization. Values are the frame work of perception towards a thing, objects, attributes etc. It can be hold by a sound culture where from the person urge the behavior what is actually he has. Values are the important element of culture.  It provides a sense of direction and shape behavior. What matter should attended carefully are indicated by it.
Keywords: Attitude, perception, organizational goals, vision, mission, behavioral system.

Title: RECIPROCAL RELATIONSHIP BETWEEN HUMAN VALUES AND ORGANISATIONAL GOALS-A THEORETICAL VIEW
Author: Vinod. S
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: In many countries in Africa today, formal education is in a state of crisis. While curricular reform continues to serve as an ongoing source of public policy debate, Nigerian leaders are confronting increasing difficulties in allocating educational resources to meet present and future levels of demand. This research work investigates on causal relationship between education and economic growth in Nigeria. OLS method was adopted in presenting multiple linear regressions. The research found that considering the magnitude 1% increase in RGDP (proxy Economic growth) is brought about by 118% increase in gross fixed capital formation, 114% increase in total expenditure on education, 22% increase in total recurrent expenditure on education and 0.00095% increase in Total labour force. This postulates that an increase in total expenditure on education and other related variables will lead to astronomical increase in real GDP, proxy for economic development in Nigeria. The research also revealed that the resources allocated to education is still insufficient but has significant impact on economic growth. Therefore, recommendation was made that Government should as a matter of priority implement the minimum United Nations recommendation of 26 percent budgetary allocation to education. The donor agencies like the World Bank, UNDP, UNESCO, etc. should also be encouraged to inject funds into the educational sector especially, the tertiary institutions.

Keywords: public policy, education, economic growth, World Bank.
Title: GRANGER CAUSALITY RELATIONSHIP BETWEEN EDUCATION AND ECONOMIC GROWTH IN NIGERIA
Author: OGUNBUNMI SOLOMON TUNDE, ABIOLA BABATUNDE ABIMBOLA
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: In Kenya, deposits taking SACCOs operate in a competitive banking industry dominated by well-established mainstream commercial banks and other financial service providers. Porters five forces industry model is applicable especially to the threats of substitute in analyzing the competitive environment. The purpose of the study was to assess the effect of service quality on competitive strategy in deposit taking savings and credit co-operatives in Kericho County, Kenya. In particular, the study examined the effect of tangibility, responsiveness, assurance, empathy and reliability on competitive strategy. The target population in this study comprised of management staff drawn from five deposit-taking SACCOs in Kericho County constituting the accessible population. The study adopted the descriptive research design. The target population comprised population of 184,921 SACCO members and 25 management staff from which a sample of 96 SACCO members and 25 management staff was drawn. Stratified random sampling and simple random sampling techniques were used in the selection of the study sample. The study used a structured questionnaire and an interview schedule in data collection. Both descriptive and inferential statistics were employed in the analysis using SPSS. Descriptive statistics comprised measures of distribution (frequencies and central tendencies), measures of central tendencies (means) and measures of variation or dispersion (standard deviations). Inferential statistics constituted Pearson’s correlation and Regression analysis. The findings show that all the five dimensions of service quality studied had a significant effect on competitive strategy employed by the SACCOs. The study recommended that SACCO management consider, scaling up the quality of products and service; conducting further investigations before competitive strategy formulation, to better understand how their clients think and respond; and adopting competitive strategies that technology oriented and up to date. The management also needs to up their game in strategy formulation and implementation and look beyond their ilk especially when formulating competitive strategies.

Keywords: Service Quality, Competitive Strategy, Deposit Taking Savings and Credit Co-Operatives.
Title: Effect of Service Quality on Competitive Strategy in Deposit Taking Savings and Credit Co-Operatives in Kericho County, Kenya
Author: Korir Anthony
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications