Browsing by Author "Byamukama, Eliab"

Now showing 1 - 4 of 4
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    An Analysis of Monetary Policies in an Uncertain Economic Environment in a Ugandan Perspective
    (International Journal of New Technology and Research, 2017) Sunday, Arthur; Byamukama, Eliab; Ssekajugo, Derick
    In recent years, progress in macroeconomic modeling was done to give new perspectives on the impact of uncertainty on the evolution of monetary policy. As, uncertainty is dominant, it is important to understand how alternative policies can be selected when the central bank cannot accurately observe the macroeconomic variables.. Therefore, the central bank of developing countries , must have at their disposal the tools for modeling the most accurate. For this reason, in this paper we try to determine the robust optimal monetary policy in an uncertain economic environment: First, we present the main types of uncertainties; we discuss the models used and their derivation. Then we show the techniques used, and how to introduce uncertainty. Finally, we present the optimal robust responses to different forms of uncertainty considered. Our approach is to estimate a dynamic macroeconomic model with three representations of the dynamics of inflation, each with microeconomic foundations for the data of the economy with Bayesian techniques. Our results show that the uncertainty of the structural parameters affect the dynamic solutions for the economy, but also on the objective functions of various agents, particularly that of the central bank. Indeed, the central bank will be more careful in certain circumstances. Increased caution with the weights carried by the interest rate in the loss function.
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    Analysis of the effects of COVID 19 on the operations and sustainability of SMEs in South Western region, Uganda
    (African Journal of Business Management, 2021) Sunday, Arthur; Tamwesigire, Caleb; Turyahebwa, Abanis; Kaaya, Siraje; Byamukama, Eliab
    SMEs are considered huge boosters to the economy of Uganda. They serve as the engine and driving force for growth, development, innovation, economic prosperity and wealth creation of Uganda. The study aimed at establishing the upshot of COVID 19 on the operations and sustainability of SMEs in Uganda with a view to creating a lucid model for successful SMEs operations and improved performance. The study examined factors for efficient operations and sustainability for SMEs in Uganda. The study embraced a positivist quantitative approach with correlational design and cross sectional, survey design, underpinned on the interpretivism philosophy. The study used a sample of 205 SMEs working in Kabale, Kisoro, Rukiga, Rukungiri and Ntungamo. The findings revealed that COVID19 pandemic accounted for a significant variance in the operations and sustainability of SMEs in the selected boarder districts in Uganda. The study confirmed the hypothesis that the effects of COVID19 pandemic have positively affected performance, operations and sustainability of SMEs. The pecking order theory was largely supported by the study and resource based view lays the ground in explaining, sustainability, performance and operations of SMEs in Uganda. The study recommends that the respective government of Uganda authorities and partners offer appropriate liquidity intercessions to support SMEs in handling instant liquidity encounters, to avoid closures and bankruptcies.
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    An Assessment Of Degree Of Service Quality Of Some Selected Commercial Banks In Central Uganda; Perception Of Bank Customers
    (International Journal of Engineering Research & Technology, 2013) Burani, Aluonzi; Sunday, Arthur; Turyahebwa, Abanis; Byamukama, Eliab; Sumil, Manuel
    This study was concerned with the assessment of degree of service quality provided by some selected commercial banks in central Uganda. The objectives of the study were to determine (i) demographic profiles (ii) degree of service quality and (iii) significant differences between services provided by the selected commercial banks. The study employed ex post facto design, cross sectional survey, correlation design and quantitative paradigm. Self Administered Questionnaires were used with CVI = 0.85 and reliability of r = 0.95 obtained using cronbach alpha method. Data was analyzed using descriptive statistics and t-test. The major findings included male being majority (52%) and female 48%. In terms of age group of (20-39); obtained 81% and 60 and above were 3%. Diploma holders were 32% and Ph.D holders were 1%. UBA customers being majority (58%) and Global Trust Bank score 42%. In terms of determining the degree of service quality in selected commercial banks in central Uganda, the responsiveness, competence, credibility, security, accessibility and understanding of the service were rated successful apart from reliability of the service which was rated was fair meaning not reliable. With t value = 2.401 and sig or p = 0.017 at 0.05 level of significance alternative hypothesis was accepted to the effect that there is a significant difference in degree of service quality as perceived by customers of the two selected Commercial Banks in Central Uganda. The study recommended the banks to change customer perception and win the good will from the customers, the staff should endeavor to provide the service promptly, quickly and accurately and the service provider should have alternative power to enable the service provider work 24 hours,
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    Ownership Structure and Financial Performance of Companies in Uganda
    (Journal for Studies in Management and Planning, 2017) Sunday, Arthur; Turyahebwa, Abanis; Mabonga, Erick; Byamukama, Eliab; Tukei, Martin
    This study investigated the effects of change in ownership structure on financial performance of privatized companies in Uganda for the period 2010-2016. The study was informed by the property rights, the agency and the resource based theories. Data was extracted from prospectuses and financial reports of privatized companies, obtained from the Capital Markets Authority and the Uganda Stock Exchange. A unit root test was used to examine stationality of data while a Hausman test determined the appropriate regression model. This study used a Fixed Effects (FE) regression model with a robust standard error option to control for heteroskedasticity and contemporaneous correlation which may lead to spurious results. The study found that ownership structure has a significant relationship with financial performance. Among individual variables, government ownership has a positive influence on ROA and the Tobin’s Q; but a negative effect on cost efficiency. Institutional shareholders have a positive influence on ROA and technical efficiency. Large individual investors have a positive influence on cost efficiency while dispersed shareholders have a positive influence on ROA but a negative effect on cost efficiency. In view of these findings, this study recommends that the Privatization Sector of Uganda should restructure ownership structure of privatized companies to reduce government and dispersed ownership further to pass more control to private investors. However, the government should retain some ownership in privatized firms to enhance shareholders confidence, protection of investments and managerial monitoring. A strategic institutional investor in each company should be identified and be allocated adequate ownership to enable privatized companies to attract managerial and technical expertise crucial to improve governance and financial performance.