European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals


Audit Committee and Performance: Evidence from Kenyan Deposit Taking Saccos (Published)

This research examined the effect of Audit committee characteristics on performance of Deposit Taking Saccos in Kenya. Audit committee characteristics was measured by independence, terms of service and study specialization as proxy. The study was guided by the Agency Theory and adopted descriptive cross-sectional survey and correlational research designs. A sample size was 108 licensed Deposit Taking Saccos drawn from a target population of 175. Primary data was collected from the board members and management executives. The analysis was done using descriptive statistics and multiple regressions. The study findings suggest that the overall correlation coefficient for Audit Committee characteristics and performance was found to be 0.144 with a p-value of 0.143> =0.05. This implies a weak positive and insignificant relationship between Audit Committee characteristics and performance. Based on findings, the study recommends proper constitution of audit committee with well spelt out terms of service and a consideration be made on appropriate study specialization. Independence of audit committee must be complied with to ensure conformity to best standards of practice. Areas for further studies suggested are conducting studies in other contexts to corroborate these findings and consideration of effect of other variables of Audit Committee characteristics on the performance.

Citation: Ncurai, D.M., Oloko, M., Rambo, C.M. (2023) Audit Committee and Performance: Evidence from Kenyan Deposit Taking Saccos, European Journal of Accounting, Auditing and Finance Research, Vol.11, No. 4, pp.47-59

Keywords: Performance, SACCOS, audit committee characteristics

Factors Affect Financial Performance of Savings and Credit Co-Operative Societies During Covid 19 Pandemic in Dodoma Region (Published)

The objective of the study was to assess factors affect the financial performance of the Savings and Credit Cooperative Societies operating in Dodoma Tanzania. The quantitative method was used to analyse data. The descriptive survey was used whereas systematic and purposive sampling techniques were used to secure 63 respondents. Survey, and documentary review were used to collect data meanwhile descriptive and regressions analysis were used in data analysis. There study was guided by Resource Dependence Theory (RDT), and Cash Conversion Cycle Theory. The results revealed that the overall model was statistically significant since (Prob > chi2=0.000). The model’s independent variables explained almost 63.8% of the variation in the return on asset of SACCOS in Dodoma. The following explanatory variables (such like interest rate, loan default and drop out of the members) were statistically significant influencing the return on asset for SACCOS selected from Dodoma Tanzania. Researcher recommended SACCOS should put more emphasis on online supervision and self-regulation in periods of pandemic, and considered it as one of the strategies to help the viability of the sector. Cooperative Audit and Supervision Corporation should opt to use off-site audit under hygienic environment to curb the spread of the virus.

Citation: Juma M.L. and   Maseko F.E. (2022) Factors Affect Financial Performance of Savings and Credit Co-Operative Societies During Covid 19 Pandemic in Dodoma Region, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 11, pp.104-124

Keywords: COVID-19 pandemic, Financial Performance, SACCOS

Size of the Firm and its Influence on Dividend Payout among Deposit Taking Saving and Credit Cooperative Societies (SACCOS) in Kenya (Published)

In the recent past Saving and Credit Cooperatives Societies (SACCOs) have gained popularity in Kenya due to high interest rates charged by commercial banks and this has made borrowers to shift their focus to SACCOs due to their fixed interest rates on loans. In regard to dividend payment SACCOs tends to pay high dividends in comparison to commercial banks, however the level of dividend payout keeps on fluctuating and thus shareholders are not aware of what they expect in the next financial year. This paper was set to explore the influence of size on firm on dividend payout. The study focused on deposit taking SACCOs since they play a major role of capital formation in Kenya. The study used descriptive and correlational research design. The target population was the 176 the deposit taking SACCOs in Kenya, out of which a sample of 108 respondents were randomly selected from each SACCO. Data was gathered using questionnaire and document analysis and analyzed using SPSS (23). The study findings revealed that the size of the firm had a negative insignificant influence on dividend payout among SACCOs. The study recommended SACCOs should not focus so much on expanding their operations to different locations, instead should focus on products development. The study recommended further analysis on the influence of cash reserve ratio on dividend payout.

Keywords: Dividend payout, SACCOS, deposit-taking, size of the firm

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