NRU :: Browsing by Author "Eton, Marus"

Browsing by Author "Eton, Marus"

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Capital Structure, Investment Decision and Financial Performance of SMEs in Uganda A Case of Central Uganda
(International Journal of Scientific Research and Management (IJSRM), 2022) Turyahebwa, Abanis; Byamukama, Eliab Mpora; Sunday, Arthur; Eton, Marus
Abstract The paper explored the relationship between capital structure, investment decision and financial performance of SMEs in Uganda a case of Central Uganda. The study adopted a descriptive, cross sectional and correlational design. The sample size was 226 SMEs in Central Uganda. The findings point to a moderate significant positive relationship between capital structure, investment decision and financial performance of SMEs. Capital structure and financial performance of SMEs (r = 0.642, P-value = 0.000), investment decision and financial performance of SMEs (r = 0.488, P-value = 0.000). From the results, we confirm that capital structure, investment decision, predict up to 66.2% of the change in financial performance of Small and Medium Enterprises in Central Uganda The results show good model fits and fig.2 defines the model of capital structure and investment decisions on financial performance of SMEs in Uganda and is encompassed of 4 proportions of capital structure in terms of Equity, Long term Debt, Short term debt as well as investment decisions and their predictive power on financial performance of SMEs in Uganda. Figure 2 and table 1 and 2 clearly indicate that capital structure and investment decisions are significantly associated with return on assets (ROA) which in turn leads to improved financial performance. The study recommends an appropriate mix of capital structure coupled with premeditated investment decisions so as to have improved financial performance of SMEs in Uganda. The current study underwrites to academic research by providing empirical proof to support theories pertinent to the elucidation of financial performance. The study was anchored on Pecking Order theory together with Modigliani & Miller theory and the results depict the behaviours that managers have while making decisions concerning capital structure and investment decisions. With such, the precursors of capital structure, investment decisions on financial performance of SMEs in Uganda and other related developing countries has been revealed.
Cash Management and Financial Performance of Business Firms in Northern Uganda a Case of Lira District
(The International Journal of Business Management and Technology, 2019-08) Eton, Marus; Uwonda, Gilbert; Mwosi, Fabian; Ogwel, Bernard Patrick; Obote, Dennis
The study sought to establish the effect of cash management on financial performance of business entities in Lira district. A cross sectional study design was adopted and data was collected by use of structured and closed ended questionnaire. Business owners who took part in the study confirmed high abilities in managing cash receivable, holding inventories and properly generating sufficient cash for meeting immediate obligations. However, the study found that the aforementioned practices were not sustainable with time due to incompetence in forecasting receipts and payments. This led to a conclusion that cash management has an insignificant effect on financial performance. The study recommended that Business associations like Uganda Chamber of Commerce, Uganda Manufacturers Association, in addition to Ministry of Trade and Commerce should consider providing trainings on cash management to existing and upcoming entrepreneurs to support them in developing cash management and other necessary business skills. There is also need for business owners to consider hiring business experts who can use different statistical models to forecast business performance
Challenges Faced by Development Partners in Supporting the Growth and Development of Commercial Enterprises in Lira District, Northern Uganda
(Journal of Education and Practice, 2017) Mwirumubi, Richard; Edaku, Charles; Eton, Marus
Entrepreneurship is defined as the process where an individual discovers, evaluates and exploit opportunities independently. Most countries have embraced entrepreneurship development as ways of creating employment and economic growth and development. The objective of the study was to examine the challenges faced by commercial enterprises in Lira District Northern Uganda. Using both simple random sampling procedures, a sample of 274 participants were selected for the survey. The data were analyzed using SPSS statistical package. The study recommended that development partners operating in the district should consider supporting commercial enterprises (CEs) in accessing financial support, training upcoming managers in management skills and creating a favouarable environment which supports creativity and innovations.
The Discourse of Non-Citizens Expulsion Reinvigorated: Examination of Racial Undertones in Asians Expulsion from Uganda in 1972
(African Journal of Social Sciences and Humanities Research, 2021) Adyanga, Francis A.; Eton, Marus; Ayiga, Natal
The expulsion of non-citizens from countries around the globe is not a new phenomenon. In Africa, there have been numerous documented and undocumented cases after the continent acquired political independence in the 1960’s. In the critical antiracist study, forceful expulsion of citizens of another country may constitute racism. However, our position in this paper is that expulsion of non-citizens for the interest of the host country is not necessarily a racial act. It is on this basis that we examine the expulsion of Asians from Uganda in 1972 and argue that the act, at the basic level of bigotry analysis may not have constituted racism. However, categorizing the Asians population in Uganda by then, the main argument in this paper justifies the expulsion for certain groups on one hand. But on the other hand, we admonish the Uganda government for collective expulsion of the Asians whose ancestors were brought in the country in the late 19th century to build the Uganda railway. Furthermore, the paper argues that as much as many of the Asians were second or third generations having been born in Uganda and were legal citizens, they do not fall within the category of indigenous population. Therefore, their expulsion based on indigeneity and correcting economic imbalance by then is racially unbiased and defensible.
Exploring the effect of digital finance on financial inclusion in Uganda, a reflection from Lira City
(Emerald, 2025-03-18) Eton, Marus; Mwosi, Fabian; Amandu, Ishaq Yassin; Ocan, Johnson; Ogwel, Bernard Patrick
Purpose The study aims to discuss financial inclusion (FI) as a facilitator of digital financing with intension of solving challenges relating to financial exclusion. Design/methodology/approach Both descriptive and correlation research designs were used to understand the nexus between digital finance (DF) and FI. The study collected data from 300 respondents, which included vendors and dealers in agricultural produce, who were selected purposively and randomly. Findings The study found a significant contribution of DF to FI and the variations in FI due to mobile money (MM) and Internet banking are significant. MM and smartphones are very often used in performing commercial transactions due to easy accessibility compared to ATMs, the Internet and agent banking, which is always restricted. Research limitations/implications The study only focused on how DF platform affect financial inclusiveness in Lira City and did not explore other financial services. Social implications The quickest and widest adoption of MM by rural communities is mostly a factor of user-friendliness, which seem to be lacking in other bank applications or products. Originality/value The study offers a significant insight on challenges related to the financial inclusiveness, which is a global concern by many economies.
Financial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda
(European Journal of Business and Management, 2020) Eton, Marus; Poro, Sammy Godfrey; Sekiwu, Denis; Mwosi, Fabian; Akena Adyanga, Francis
Access to higher education has continuously been a challenge in Uganda. The research brought out the relationship between financial inclusion and access to higher education. Descriptive survey research design was adopted and the findings established that digital financing eases making deposits in banks, transacting via mobile money and switching from one bank to the other. Students find it easy to deposit tuition in the bank just as they find it easy to access money via mobile money. While financial inclusion makes financial services available in the economy, students, especially those from low-income families find difficulty accessing a wider range of these products, which hinders their access to higher education. The study also establishes that a good number of students fail to meet admission requirements. Since students from low-income families attend high schools of low quality, they have insufficient understanding of some subjects, and thus unable to join higher education. Online registration and payment, students’ decision not to join, peer influence, and rigidity of university programs; are deeply flawed to limit accessing higher education. However, financial services remain accessible to rich individuals who demonstrate ability to pay. The study recommends that the government of Uganda through the concerned ministry should review the implementation of their policies on Students loan scheme and district quota systems. The government should always publish the lists of students admitted to higher education institutions in popular media and newspapers to create awareness to those being admitted to particular institutions.
Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda
(International Journal of Advances in Scientific Research and Engineering (ijasre), 2019-10) Eton, Marus; Uwonda, Gilbert; Mwosi, Fabian; Barigye, Godfrey; Ogwel, Patrick Bernard
The study was conducted to examine the role of financial inclusion in economic growth basing on selected districts from western Uganda. The researchers adopted a cross-sectional survey design and both quantitative and qualitative approaches were used in data collection and analysis. The study used simple random and purposive sampling techniques to select a total of 194 respondents. The findings revealed that financial inclusion is significant in supporting economic growth; it upholds equitable distribution of growth benefits, transforms peoples’ way of living, enhances capital creation and empowers people to go for financial services that are germane to their needs. The study indicated that Uganda’s population living below the poverty line is falling, which sounds precise in the context of national income but very unseemly in the context of household income. While there are indicators of reduced constraints to accessing to working capital, reduced constraints to accessing financial services, effective use of economic resources to produce goods and services, those in business do not see the efficacy by government agendas geared to supporting international trade or investment. The study, therefore, recommends that there is a need for the government to review and redesign her policies on international trade business and support for homegrown investments. There is a need for quantitative metrics to ascertain the extent to which household income is proportional to national income. Several papers have recommended government interventions in financial accessibility.
Financial inclusion and the growth of small medium enterprises in Uganda
(Journal of Innovation and Entrepreneurship, 2021) Eton, Marus; Mwosi, Fabian; Okello-Obura, Constant; Turyehebwa, Abanis; Uwonda, Gilbert
The growth and failure of small and medium enterprises has been a topic of discussions world over among policymakers and researchers. This study was guided by the following objectives: to examine the contributions of small medium enterprises (SMEs), to determine the challenges affecting small medium enterprises, to examine how financial inclusiveness supports the growth of small medium enterprises, and to establish the relationship between financial inclusion and growth of small medium enterprises. The study used a cross-sectional research design. Descriptive design was used and supplemented by inferential statistics. Correlation and regression analysis were adopted. The study revealed that financial inclusion is significant in supporting SME growth. The study further also revealed that the cost of acquiring and servicing financial services is high; there is also difficulty in using some of the financial services, and the way financial providers treat financial users, some lacked some degree of respect and dignity. The study recommends that financial providers should continue sensitizing the public on the available financial services beyond credit services, which are common and known. Digital financial service providers should encourage their clientele to use digitalized financial services which are cheap, secure, and risk averse. The cost of capital should also be reduced to encourage borrowing while SMEs should innovatively produce goods that can be competitive at both domestic and international markets.
Globalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda
(International Journal of Research in Management, Economics and Commerce, 2019-02) Eton, Marus; Ayiga, Natal; Obura, Constant Okello; Mwosi, Fabian; Uwonda Gilbert
Globalization, characterized by greater economic, political and cultural integration and dependence, has been widely discussed and practiced in the last two decades. The study sought to investigate the implications of globalization on the growth of SMEs in western Uganda, Particularly how globalization affected the productivity and innovation of SMEs in western Uganda. The researcher adopted a cross sectional study design. The Data was collected by the use of structured and closed ended questionnaire. The findings revealed that businesses dealing in imported commodities are fast-growing and register tangible growth results compared to those dealing in locally manufactured commodities. Imported commodities seem not to suit the interests of most Ugandans, perhaps because some are not durable. The study further established that government finds it very difficult to control all the commodities that enter the Ugandan market. The study therefore recommends that Uganda Revenue Authority, under its Anti-Smuggling Unit, should ensure vigilance at border points to reduce the inflow of unauthorized commodities which flood Ugandan market. The Ministry of Trade, Commerce and Industry should step out to protect local firms against competition from foreign producers, particularly those dealing in similar products. Government should lower interest rates through her fiscal and monetary policies to allow SMEs access credit at affordable rates. There is also need to examine the extent to which Uganda’s membership to the East African Community boosts growth of SMEs since all the member countries have almost similar competitive economic advantages.
Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda
(International Journal of Research in Engineering, IT and Social Sciences, 2020-03) Eton, Marus; Mwosi, Fabian; Kaaya, Siraji; Ogwel, Patrick Bernard; Ahabwe, Edward
This research adopted a cross-sectional and descriptive design. Data was collected using self administered questionnaire from those operating businesses in Mbarara municipality. Data was analyzed using a multivariate analysis technique and presented descriptively using mean, standard deviation and coefficient of variation. The study revealed that the businesses were weak at aligning their operations with set business procedures, guidelines and national laws The study also established that the current level of internal control systems is moderately effective. These are commendable practices especially in small and medium enterprise businesses. The moderate relationship between internal control systems and working management confirms the likelihood that these businesses conduct regular financial audits and endeavor to maintain reliable financial records. The study recommended that there is need for businesses to align their operations to national standards and also train their staff in internal control activities that ensure adherence to principles of accounting and financial records. Government has a role to play in protecting nationals against consumption of goods and services that do not measure to national or international standards
Small Medium Enterprises (SMEs), Environmental Management and Poverty Reduction in Western Uganda
(International Journal of Research and Innovation in Social Science, 2019) Eton, Marus; Ayiga, Natal; Agaba, Moses; Mwosi, Fabian; Ogwel, Benard P.
The study aimed at assessing the role of SMEs and environment management in poverty reduction in Western Uganda. The study a descriptive and correlation study design. The data was collected by use of structured and closed ended questionnaires. The findings revealed a strong association between (SMES and environmental management) and poverty reduction (r =.644; sig. <.05). The study found out that SMEs lack access to innovative technologies, which are essential in buttressing SME roles in poverty reduction. The study revealed that very little financial resources are directly channeled to SMEs amidst ever increasing interest rates on loans. Government policies on SMEs are deficient in terms of technical, technological, financial, and managerial and infrastructures needed for effective contribution to economic growth and poverty reduction. The study further suggest that SMEs can resolve problems of poverty and unemployment if they can access cheap capital. The study therefore recommends that government should prioritize SME sector in budgets to enhance its contribution to economic growth and poverty reduction.
The Role of Education, Work Experience and Training in Entrepreneurship Success in Nebbi District, West Nile Region in Uganda
(Journal of Educational Policy and Entrepreneurial Research, 2017) Eton, Marus; Mwosi, Fabian; Mwirumubi, Richard; Edaku, Charles; Uwonda, Gilbert
Entrepreneurship success has been globally acknowledged as an instrument for achieving economic growth and development as well as employment creation. The objective of the study was to determine the role of education, work experience and training in supporting entrepreneurship success in Nebbi District, West Nile, Uganda. Using both purposive and simple random sampling procedure, a sample of 89 participants was selected for the survey. A structured questionnaire was used in the study. The data were sought and analyzed using SPSS statistical package. The study indicated Cronbach‘s alpha coefficient ( >.70) and Correlation results indicated that education, training and working experience all have a positive significant relationship with entrepreneurial success at 1% level of significance. This means that entrepreneurs, whose education and working experience are business-related, are more likely to succeed than those whose education and working experiences are outside business. The study recommended that relevant entrepreneurship training should be expanded in the region since it has a significant positive impact on entrepreneurial success as this is expected to accelerate economic growth and reduce unemployment especially among the youth.
To Examine the Interventions by Development Partners in Supporting the Growth and Development of Commercial Enterprises in Lira District, Northern Uganda
(European Journal of Business and Management, 2017) Eton, Marus; Mwirumubi, Richard; Edaku, Charles
The development of entrepreneurship has motivated majority of Ugandans to start commercial enterprises (CEs) as a source of employment and economic growth. The objective of the study was to examine the various intervention employed by development partners in supporting the growth and development of commercial enterprises in Lira District, Northern Uganda. Using purposive and simple random sampling procedure, a sample of 274 participants was selected for the survey. A self administered questionnaire was structured. The data were analyzed using SPSS statistical package. The study recommended that development partners operating in the district should consider supporting commercial enterprise (CE) in advocating for policy reforms, providing financial support, creation business information center where entrepreneurs could access business information at affordable rates and supporting technological development to support creativity and innovations.
University e-learning methodologies and their financial implications: evidence from Uganda
(Emerald, 2022-10-14) Eton, Marus; Chance, Rest
Purpose This paper aims to analyze the financial implications associated with Ugandan universities employing e-learning techniques and to suggest sound policy solutions to the problems the investigation found. Design/methodology/approach To illustrate how e-learning is used in Uganda, the study used a descriptive research design. The study used a quantitative methodology to highlight the various experiences associated with utilizing e-learning platforms from various universities. A questionnaire survey was distributed to university students, and the data were analyzed using descriptive statistics in order to understand the usage of e-learning and Persons correlation to understand the degree of the relationship between the study variables. Findings The study findings reveal that e-learning approaches in universities are favorably correlated with their financial implications (r = 0.598; p-value 0.05). It was excruciatingly difficult to access online learning resources and platforms, and there was a severe lack of power. Some academic staff members lacked adequate e-learning platform training, and students noted that e-learning eased communication between students and lecturers, whereas Internet subscription and acquisition of mobile devices were expensive. Research limitations/implications The research was limited to three districts in western Uganda, and thus, it may not be possible to extrapolate the results to the entire nation. Practical implications Universities are open to these changes since the digital world is moving more quickly, overall, and this trend has crept into education as well. Policymakers and other universities may utilize the study's findings to inform their decisions. Originality/value The study offers useful insights into how e-learning systems have altered university teaching methods.

Browsing by Author "Eton, Marus"

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