Browsing by Author "Kamukama, Nixon"
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Item Board Composition and Financial Performance among Private Limited Companies in Uganda(American Journal of Leadership and Governance, 2020) Nsambu, Kijjambu Fredrick; Rwakihembo, John; Kamukama, NixonThe study aimed at examining the relationship between board composition and financial performance of private limited companies in Uganda. Methodology: A positivist approach and a cross-sectional research design were employed to collect data from 394 companies in Central and Western Uganda. An open-ended questionnaire was used to collect data from board members and executives from companies. Pearson correlation and standard linear regression were employed for data analysis. Findings: Results indicate a positive relationship between non-executive directors on the Board and the financial performance of private companies. Unique Contribution to practice and policy: Private Limited Companies in Uganda will attain the much-desired insights in the context of how board composition links with their financial performance. The study recommends the management`s careful consideration of long survival prospects as well as the formulation of appropriate policies and survival strategies that oversee long existence to guarantee benefits and optimal performance coupled with profitability that emanate from a well-composed board. Study Limitation: The study was limited to only board composition, leaving out other board characteristics that influence financial performance. Besides, it was only positivistic hence subject to methods bias that could have affected the validity of results.Item Business process management and service delivery; a case of Uganda’s public entities(World Journal of Entrepreneurship, Management and Sustainable Development, 2014) Kamukama, Nixon; Tumwine, Sulait; Opiso, Julius; Korutaro Nkundabanyanga, StephenThe purpose of this paper is to test empirically a variety of hypotheses related to business process management (BPM) and service delivery within public entities and contracting companies in Uganda. Design/methodology/approach – Avalid research instrument was utilized to conduct a survey on 20 government ministries, ten government departments and 13 service providers (contractors) who are representative of the 40 government entities and 25 service providers in Uganda. Correlation and regression analysis were conducted to ascertain the validity of the hypotheses. Findings – Statistical support was found for eight out of the nine hypotheses tested. Research limitations/implications – Only a single research methodological approach was employed, future research through interviews could be undertaken. Multiple respondents in public entities and service providers were studied, neglecting other key stakeholders like service users. Finally, BPM was studied and by the virtual of the results, there are other elements that contribute to service delivery that were not part of this study. Practical implications – There is need to intensify initiatives to encourage greater understanding and acceptance of BPM, employ a viable BPM strategy that includes risk management, building highlevel innovation, strong human resource capacity, providers expertise in order to provide optimal service to both service buyers and users. Originality/value – This is the first paper in sub-Saharan Africa to tests empirically the relationship between BPM and service delivery in the Ugandan context of service buyers and providers and provides support for the relationship and process management.Item Citizens’ Behaviour and Accountability: The Power of Social Capital in Sub-Saharan African Local Governments(International Journal of Public Administration, 2020) Maxwell Ogentho, Poul; Munene, John C.; Kamukama, Nixon; Mpeera Ntayi, JosephThe study attempts to explain the power of social capital in the association between citizens’ behaviour and accountability in local governments. This study is anchored on social capital theory because previous studies have largely used citizenship, agency and stewardship theories to explain accountability. Data relating to the predictor constructs were found to be significant predictors of accountability. Data were collected using standard closed ended questionnaires administered to citizens who were both the unit of inquiry and unit of analysis. This article urges citizens to leverage on social capital to garner critical mass, as they come together to demand accountability. These study findings present both policy and managerial implications which we discuss.Item Citizens’ Behaviour and Compliance in Sub Saharan Africa Local Governments: the Role of Social Capital(Public Organization Review, 2021) Ogentho, Maxwell Poul; Kamukama, Nixon; Munene, John C.; Mpeera Ntayi, Joseph; Mafabi, SamuelThis study uses social capital theory to explain the power of social capital in mediating relationship between citizens’ behaviour and compliance in local governments. The research builds on past studies that used citizenship, agency and stewardship theories to examine the mediating role of social capital in the association between citizens’ behaviour and compliance in local governments. The findings revealed that social capital partially mediates the association between citizens’ behaviour and compliance. This article urges citizens to come together, leveraging on social capital to garner critical mass to drive compliance. The study findings present both policy and managerial implications.Item Competitive advantage: mediator of intellectual capital and performance(Journal of intellectual capital., 2011) Kamukama, Nixon; Ahiauzu, Augustine; Ntayi, Joseph M.The purpose of this paper is to examine the mediating effect of competitive advantage in the relationship between intellectual capital and financial performance in Uganda’s microfinance institutions. The major aim is to establish the role of competitive advantage in the relationship between intellectual capital and firm performance. Design/methodology/approach – The paper adopts MedGraph program (Excel version), Sobel tests and the Kenny and Boran approach to test for mediation effects. Findings – Competitive advantage is a significant mediator in the association between intellectual capital and financial performance and boosts the relationship between the two by 22.4 percent in Ugandan microfinance institutions. Further findings confirmed a partial type of mediation between the intellectual capital, competitive advantage and financial performance. Research limitations/implications – Only a single research methodological approach was employed and future research through interviews could be undertaken to triangulate. Furthermore, the findings from the present study are cross-sectional. Future research should be undertaken to examine the mediation effects studied in this paper across time. Practical implications – In order to have a meaningful interpretation of the results of the relationships between study variables, it is always vital to assess the role of the third variable (competitive advantage) in the relationship. This enables practitioners and scholars to comprehend and make legitimate decisions and conclusions that can foster business growth. Originality/value – This is the first study that focuses on testing the mediating effect of competitive advantage on the relationship between intellectual capital and financial performance in Ugandan mmicrofinance institutions.Item Competitive advantage: mediator of managerial competence and financial performance of commercial banks in Uganda(African Journal of Economic and Management Studies, 2017) Kamukama, Nixon; Kyomuhangi, Diana S.; Akisimire, Richard; Orobia, Laura A.This paper examines the mediating role of competitive advantage in the relationship between managerial competence and financial performance of commercial banks in Uganda. Design/methodology/approach – A cross-sectional survey was employed using 22 fully licensed and operational commercial banks in Uganda. Data were analyzed using descriptive statistics, zero order correlation, and hierarchical regression analyses. Further, the bootstrap method was used to test the mediation effect of competitive advantage. All the analyses were performed using SPSS v21. Findings – The findings reinforce the important position of managerial competence on financial performance of commercial banks. First, managerial competence enhances firms’ competitive advantage. Second, managerial competence has an indirect effect on financial performance through competitive advantage. Overall, managerial competence and competitive advantage are strong predictors of financial performance of commercial banks. Research limitations/implications – The study employed only a single research methodological approach, therefore future research could be undertaken using a mixed approach and triangulate to compare findings. Furthermore, the findings from the present study are cross-sectional, considering the limitations there in, a longitudinal approach should be explored.Item Control Environment and Financial Performance of Savings and Credit Cooperatives (SACCOs) in Mid-Western Uganda(International Journal of Business Strategies, 2020) Muhunga Kule, Baguma John; Kamukama, Nixon; Kijjambu, Nsambu FrederickTo establish the relationship between control environment and financial performance of SACCOs in Mid-Western Uganda. Methodology: A cross-sectional research design and positivist paradigm were used to collect data from 93 SACCOs in Mid-Western Uganda. A closed-ended questionnaire was used to collect data. Correlation and standard linear regression analyses were conducted. Findings: The study findings reveal a strong, positive and significant relationship between control environment and financial performance of SACCOs in Mid-Western Uganda. Unique contribution to practice and policy: This study emphasizes the need for top management to emphasize the importance of designing and implementing effective and efficient control environment. In addition, the government of Uganda needs to review its strategies that are geared at ensuring that SACCOs achieve sustainable financial performance.Item Corporate Board Size and Financial Performance of Private Limited Companies in Uganda(International Journal of Business Strategies, 2020) Rwakihembo, John; Kamukama, Nixon; Nsambu Kijjambu, FredrickThe paper seeks to compare the corporate board size and the financial performance of private companies in Uganda. Methodology-The paper adopted a positivist paradigm besides a cross-sectional study design. Researchers gathered quantitative data from 394 companies in Western and Central Uganda. An open questionnaire was administered to board members and executives from companies. Pearson correlation and standard regression techniques were used for data analysis. Findings-A significant positive relationship between the performance of the firm and the board size among private companies was established from the findings. Unique Contribution to Practice and Policy-This study will provide a precise and direct understanding of the relationship between board size and performance. The practical implications-The study recommends that private companies should recruit large boards of directors due to their diversified skills and connections that increase firm value. Research limitations-The study falls short of examining the influence of other characteristics of the board, such as composition, and leadership structure, on financial performance but solely concentrates on the board size. Besides, it was cross-sectional and generalized all private companies without considering industry-specific factors that could have changed the results. Originality/value-This is the first study that focuses on exploring the comparison between the corporate board size and the financial performance of private companies in Uganda.Item Credit Management Systems and Financial Performance of Savings and Credit Cooperatives (SACCOS) In Mid-Western Uganda(American Journal of Finance, 2020) Muhunga Kule, Baguma John; Kamukama, Nixon; Nsambu Kijjambu, FrederickTo ascertain the relationship between credit management systems and financial performance of SACCOs in Mid-Western Uganda. Methodology: A cross-sectional research design and positivist paradigm were used to collect data from 93 SACCOs in Mid-Western Uganda using a closed-ended questionnaire. Standard linear regression analysis was carried out. Findings: The study findings reveal a moderate, positive and significant relationship between credit management systems and financial performance of SACCOs in Mid-Western Uganda. Unique contribution to practice and policy: This study suggests to management a need to put into place effective credit management systems if SACCOs are to improve their financial performance by ensuring that favorable terms and conditions, and adequate client appraisal process are in place. In addition, government should support SACCOs by providing staff trainings on credit terms and conditions formulation and improving their competencies in client appraisal.Item Information Asymmetry and Stock Market Participation: Evidence from the Uganda Stock Exchange(Operations Research Society of Eastern Africa, 2014) Tumwebaze, Zainabu; Orobia, Laura; Kamukama, NixonThis study sought to examine the association between information asymmetry and perceived stock market participation by medium firms. A sectional survey and correlational analysis approach were employed based on a sample of 118 business tax-payers with annual chargeable incomes above Shs. 50m [USD 17,241] located within Kampala City, the heart of commercial activities in the country. Findings indicate that there is a positive and significant association between information asymmetry and perceived stock market participation by medium firms. Specifically, findings reveal that what matters is information quality. Nonetheless, information quantity counts to a lesser extent. Paucity of African literature made it difficult to corroborate the current study findings. Nonetheless, this study contributes to the dearth of evidence on stock market participation literature in Africa by investigating forItem Intellectual Capital and Financial Performance in Uganda’s Microfinance Institutions(African Journal of Accounting, Economics, Finance and Banking Research, 2010) Kamukama, Nixon; Ahiauzu, Augustine; Ntayi, Joseph M.This paper examined the individual contribution of intellectual capital elements to performance. Its purpose was to explore the extent to which intellectual capital elements can explain financial performance in Uganda’s microfinance industry. Hierarchical regression was used because of its capacity to indicate precisely what happens to the model as different predictor variables are introduced. This study confirms that the three intellectual capital elements are strong predictors of financial performance and they account for 47% of variance in performance. However, the order of importance of these variables in explaining the variance in financial performance (basing on their standardized beta values) is: relational capital, structural capital and human capital. The findings can help management to intensify initiatives to encourage greater understanding and acceptance of the concept of intellectual capital that boosts performance in the industry.Item Intellectual capital and performance: testing interaction effects(Journal of intellectual capital, 2010) Kamukama, Nixon; Ahiauzu, Augustine; Ntayi, Joseph M.The purpose of this paper is to examine the interaction effect of intellectual capital elements and how they fuse to affect financial performance in microfinance institutions. The major purpose is to explore the appropriate blend or mix of intellectual capital elements that explains the source of value creation – hence performance – in microfinance institutions. Design/methodology/approach – The paper adopts the ModGraph program (Excel version) along with the Kenny and Boran approach to test conditional hypotheses. Findings – The magnitude effect of human capital on performance depends on any of structural or relational capital; hence the assumption of nonadditivity is met. However, no significant interaction effects were established between relational and structural capital. Research limitations/implications – Only a single research methodological approach was employed and future research through interviews could be undertaken to triangulate. Furthermore, the findings from the present study are cross-sectional – future research should be undertaken to examine the multiplicative effects studied in this paper across time Practical implications – In order to boost the wealth of microfinance institutions in Uganda, managers should always endeavor to find a viable intellectual capital mix or blend that can add value to the firm. Originality/value – This is the first study that focuses on testing the interactive effects of intellectual capital elements on financial performance in Ugandan microfinance institutions.Item Managerial Competencies and Supply Chain Performance of Relief Aid Organizations in Western Uganda(American Journal of Supply Chain Management, 2020) Aryatwijuka, Wilbroad; Kamukama, Nixon; Nsambu Kijjambu, Frederick; Rukundo, AloysiusThe paper presents the influence of managerial competencies on supply chain performance of relief aid organizations in western Uganda. Methods-The study employed a cross-sectional and quantitative research design comprising 105 relief aid organizations operating in western Uganda. Data was analyzed using SPSSv22, to generate descriptive statistics, run correlation and hierarchical regression analysis. Findings-The findings showed a positive significant influence of managerial competencies on supply chain performance of relief aid organizations in western Uganda. Limitations-The study did not examine the influence of other factors such as the other supply chain enablers which include infrastructure on humanitarian supply chain performance. The focus was on the influence of managerial competencies on supply chain performance. Unique contribution to practice and policy- relief aid organizations should emphasize attracting, training and retaining staff with professional, social and personal competencies to ensure efficient delivery of relief supplies.Item Organizational Culture and Voluntary Disclosure Practices of Listed Firms in Nigeria(Journal of Economics and Management Sciences, 2018) Nyahas, Samson I.; Ntayi, Joseph M.; Kamukama, Nixon; Munene, John C.The purpose of this paper is to test the relationship between organizational culture and voluntary disclosure by listed firms in Nigeria. The research design for the study is survey design that is cross-sectional nature to examine the relationship among the study variables. Data for organizational culture were obtained from administration of questionnaire while that for voluntary disclosure were from financial reports of 92 listed companies. To test our main hypotheses, we used Structural Equation Model (SEM) especially PLS-SEM. The results indicate that both ritualism and opportunism dimensions of organizational culture are positively associated with voluntary disclosure. This implies that, firms’ emphasis on rules as well as flexibility in response to changing environmental needs promote the practice of voluntary disclosure in annual reports. This study concludes that voluntary disclosure is associated with flexibility in policies and disclosure rules as well as strict adherence to laylaid down guideline for the identification and measurement of disclosure items.Item Quality of financial statements, information asymmetry, perceived risk and access to finance by Ugandan SMEs(International Journal of Management Practice, 2014) Nanyondo, Mary Nanyondo; Kamukama, Nixon; Nkundabanyanga, Stephen; Tauringana, VenancioThe objective of this paper is to investigate the relationship between quality of financial statements, information asymmetry, perceive risk and access to finance by Ugandan small and medium-sized enterprises (SMEs). Design/ methodology/approach - This study is cross-sectional and correlational. Using Ordinary Least Squares (OLS) multiple regression we determine the magnitude/strength of the relationship between the dependent and independent variables. Data is obtained from a questionnaire survey on a sample of 75 SMEs registered and operating in Kampala, Uganda. Findings- The results indicate that there is a significant positive relationship between quality of financial statements and access to finance and a significant negative relationship between information asymmetry and access to finance. However, perceived risk is not significantly associated with access to finance. The interaction between quality of financial statements and perceived risk is negative meaning that high quality financial statements coupled with high perceived risk will result in low access to finance. Originality/value- The study provides evidence of the perceived effect of quality of financial statements, information asymmetry and perceived risk on access to finance by Ugandan SMEs where such evidence does not currently exist. Our results are especially significant because they show probably for the first time that it is not enough to have high quality financial statements when other factors that could explain perceived risk undermine are not taken care of in the explanation of access to credit. Implications- The study recommends that SMEs’ owner/managers should be trained on the importance of quality of financial statements to improve their access to finance.Item Stakeholders influence on voluntary disclosure practices by listed companies in Nigeria: an investigation of managers’ perception(International Journal of Law and Management, 2017) Iliya Nyahas, Samson; Ntayi, Joseph; Kamukama, Nixon; Munene, JohnThis study investigates stakeholders influence on voluntary disclosure. Specifically, the study seeks to determine managers’ perception of which stakeholder groups matter in their voluntary disclosure decisions. This is particularly essential in the context of developing countries like Nigeria with weak observance of the code of corporate governance leading to lack of transparency in corporate disclosure (World Bank, 2011). Transparency through corporate disclosure is regarded as one of the essential pillars of corporate governance principles (Qu & Leung, 2006; OECD, 2003). Therefore, in a bid to improve transparency in corporate governance, companies are seen to be providing information in such areas as strategic forecast, the company’s relationship with key stakeholders, environmental and ethical issues which are considered voluntary from capital market perspective (Schuster & O’Connel, 2006). Even though they are voluntary nature, these information are critical for understanding sustainability of current earnings, proper functioning of capital markets and encourage better flow of Foreign Direct Investments (FDIs) into a country (Qu, Leung & Cooper, 2013; Qu & Leung, 2006). In the Nigerian context, disclosure practice of publicly listed companies in the country has been adjudged be weak and inadequate overtime (Damagum & Chima, 2013; World Bank, 2011; 2004).