Browsing by Author "Musimenta, Doreen"

Now showing 1 - 8 of 8
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    Accountability in the public health care systems: A developing economy perspective
    (Cogent Business & Management, 2017) Bakalikwira, Lasuli; Bananuka, Juma; Kaawaase Kigongo, Twaha; Musimenta, Doreen; Mukyala, Veronica
    The purpose of this paper is to report the results of the study carried out to examine the effects of hospital board governance and managerial competencies on accountability in the health care systems in Uganda. This study is cross–sectional and correlational. This study utilizes multiple regression models based on a sample of 52 government hospitals. The study’s unit of inquiry is hospital directors and accountants. The correlation results indicate a significant positive relationship between managerial competencies and accountability. The study further finds that board governance is not significantly correlated with accountability of government hospitals. In terms of hospital governance dimensions; board composition is positively and significantly related with accountability unlike board structure and board independence. The measurements used in all the predictor variables may not perfectly represent all the dimensions although they have been defined as precisely as possible by drawing upon relevant literature. Therefore, further research on other factors that explain the variance in accountability in the health sector is needed. Whereas hitherto, corporate governance and managerial competencies had been viewed as possible explanations of accountability in the public healthcare systems, this study only confirms managerial competencies to be a significant predictor of accountability in the public healthcare systems unlike board governance.
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    Attitude: Mediator of Subjective Norm, Religiosity and Intention to Adopt Islamic Banking
    (Journal of Islamic Marketing., 2019) Bananuka, Juma; Kasera, Musa; Muganga, Grace Najjemba; Musimenta, Doreen; Ssekiziyivu, Bob; Kimuli, Saadat Nakyejwe Lubowa
    The purpose of this paper is to report on the results of a study carried out to examine the mediating effect of attitude in the relationship between subjective norm, religiosity and intention to adopt Islamic banking in a developing secular state like Uganda. This study’ research design was cross sectional. Closed ended questionnaires were distributed to 258 managers of micro businesses in Uganda. Data were analyzed with the help of SPSS v22 and MedGraph program (Excel version).Attitude is a significant mediator in the relationship between subjective norm and intention to adopt Islamic banking. Also, attitude significantly mediates the relationship between religiosity and intention to adopt Islamic banking. The study used only a single research methodological approach; therefore, future research could be undertaken using a mixed-methods approach. Emphasis should be put on improving the mindsets of Ugandans toward Islamic banking. While there has been a number of studies on Islamic banking, this study provides an initial empirical evidence on the mediation effect of attitude in the relationship between subjective norm, religiosity and intention to adopt Islamic banking in a single study in an African developing secular state like Uganda.
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    Determinants of adoption of International Financial Reporting Standards in Ugandan micro finance institutions
    (African Journal of Economic and Management Studies, 2019) Bananuka, Juma; Tumwebaze, Zainabu; Musimenta, Doreen; Nuwagaba, Patience
    The purpose of this paper is to report on the results of a study carried out to establish the contribution of board of directors’ effectiveness, intellectual capital (IC) and managerial attitude to the adoption of International Financial Reporting Standards (IFRSs) in microfinance institutions (MFIs). Design/methodology/approach – This study is cross-sectional and correlational. Data were collected through a questionnaire survey of 67 MFIs that are members of the Association of Microfinance Institutions of Uganda. The data were analyzed using statistical package for social sciences. Findings – Both board of director’s effectiveness and IC positively and significantly contribute to the adoption of IFRSs. Managerial attitude is positively and significantly associated with the adoption of IFRSs, but its explanatory power is subsumed in IC. Originality/value – To the authors’ knowledge, this is the first study to investigate the contribution of board of director’s effectiveness, IC and managerial attitude to the adoption of IFRSs in MFIs using evidence from a developing African country like Uganda
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    Exploring the link between vulnerability of energy systems and social acceptance of renewable energy in two selected districts of Uganda
    (International Journal of Energy Sector Management, 2020) Korutaro Nkundabanyanga, Stephen; Muhwezi, Moses; Musimenta, Doreen; Nuwasiima, Sharon
    This paper aims to show preliminary evidence of the link between the perceived low vulnerability of vital energy systems (LVRE) and social acceptance of renewable energy (SARE) while treating environmental opportunities and threats (EOPT), renewable energy technological innovations (TECH) and business model innovations as possible antecedents. Design/methodology/approach – The objectives are delivered through a survey of 199 households (potential and actual customers/suppliers of electric power and renewable energy gadgets in Kampala and Wakiso districts of Uganda), and the data obtained were analysed using ordinary least squares (OLS) regression. Findings – Both LVRE and EOPT, on their own, significantly predict SARE. TECH significantlymediate in the relation between EOPT and SARE. The highest form of SARE is market acceptance. Also, the current state of vulnerability of vital energy systems in the two Ugandan districts seems to espouse energy security as the real value of renewable energy. The study further finds that to deliver high SARE, there is a need to encompass potential user performance expectations of renewable energy technologies. Research implications/limitation – Because the current results are from only two cities (districts) of Uganda and also based on a non-probability sample, generalizing them can be considered remote. In other words, it appears that more complex models need developing and testing in the future concerning LVRE and SARE. The present preliminary results are offered as a stimulus to such efforts. Well, it is expected, and, consistent with the diffusion of innovations theory (Rogers, 1995), that the population in Kampala and Wakiso districts are potential change agents (i.e. capable of influencing others in rural areas of Uganda). Originality/value – The study estimates the direct and indirect effects to show how strongly TECH operate. Basing on OLS regression coefficients, the indirect effects are larger. Using the medgraph, we find probably for the first time, the adoption of technological innovation explains a significant part of the link between EOPT and SARE in the current study setting.
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    The Impact of Merger and Acquisition on Firm Performance in East Africa
    (Makerere Business Journal, 2017) Nagasha, Scola; Bananuka, Juma; Musimenta, Doreen; Lulu, Gu
    The purpose of this study was to establish the impact of merger and acquisition (M&A) on firm performance in East Africa. Methodology: We employed an event study to calculate the cumulative abnormal returns to evaluate M&A performance and shareholder wealth. We also used accounting ratio - Return on Equity to evaluate firm performance. Our dataset consists of 330 observations of 234 M&A deals that occurred in a period of 2005 to 2015, using secondary data of publicly listed firms on the various East African States stock exchange markets. All the data used was obtained from Zephyr for the deals and the stock values data was from Thomson one database (DataStream). Findings: We find that mergers and acquisitions are significantly associated with firm performance. Results further indicate that M &A announcements generate significant abnormal returns to the firm’s shareholders and also, there is a positive relationship between the domestic M&A deals and firm performance. Further, there is a positive relationship between cross boarder M & A deals and firm performance and domestic merger and acquisition deals perform better than the cross border M&A deals in improving firm performance. Originality: The research gives an insight on how domestic Merger and Acquisition deals perform relative to cross border M&A deals in East Africa and how merger and acquisition can improve firm performance. The East African region has recently had some of the fastest growing M&A activities on the African continent. Thus, this study contributes to the existing literature on the effect of merger and acquisition on firm performance using evidence from the entire East African region. Further, this study is of value to the East African Community in regards to evaluating its objectives on regional economic growth through M&A influence and also driving positive business and logical decisions on M&A activities in the East African region.
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    A Qualitative Inquiry on the Determinants of Internet Financial Reporting in Uganda
    (Makerere Business Journal, 2018) Bananuka, Juma; Kaawaase Kigongo, Twaha; Musimenta, Doreen; Namusobya, Zainab
    The purpose of this paper is to report the factors that may affect the adoption of internet financial reporting in developing countries. Design/methodology/approach – The study used a cross sectional and narrative research design. Semi structured interviews were employed in the study to elicit responses from 35 Chief Finance Officers and Heads of Internal Audit Departments of various financial services firms. Findings – This study finds that stakeholder pressures, financial firm specific characteristics and governance factors are the key factors that may affect the adoption of internet financial reporting in an emerging economy. Originality/value – Internet financial reporting being an emerging phenomenon, there are few or even no qualitative studies that have examined which factors may affect the adoption of internet financial reporting in an emerging economy like Uganda. To the best of the authors’ knowledge, this is the first paper that provides some insights into the determinants of internet financial reporting using interviews.
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    Tax compliance of financial services firms: a developing economy perspective
    (Journal of Money Laundering Control, 2019) Musimenta, Doreen; Naigaga, Sylvia; Bananuka, Juma; Ssemakula Najjuma, Mariam
    The purpose of this study is to examine the contribution of tax morale, compliance costs and tax compliance of financial services firms in Uganda. Design/methodology/approach – This study is cross-sectional and correlational and adopts firm-level data collected using a questionnaire survey of 210 financial services firms in Uganda from which usable questionnaires were received from 152 financial services firms. Findings – Tax morale and compliance costs contribute up to 20.6 per cent of the variance in tax compliance of the financial services firms. Tax morale and tax compliance are positively and significantly associated. Results further indicate that compliance costs and tax compliance are positively and significantly associated. National pride and trust in government and its legal systems as dimensions of tax morale independently are significantly associated with tax compliance. Results also indicate that administration costs and specialist costs as dimensions of compliance costs individually are significantly associated with tax compliance. Research limitations/implications – This study results should be generalized with caution, as they are limited to the financial services firms in Uganda. Originality/value – Whereas there has been a number of studies on tax compliance in both developed and developing countries, this is the first study on the African scene to examine the contribution of tax morale and compliance costs on tax compliance of financial services firms in a single suite. It is unbelievable that the financial services firms, especially commercial banks which are highly regulated by the central bank in many developing countries, can afford to report tax payables year after year.
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    Tax compliance of small and medium enterprises: a developing country perspective
    (Journal of Financial Regulation and Compliance, 2017) Musimenta, Doreen; Korutaro Nkundabanyanga, Stephen; Muhwezi, Moses; Akankunda, Brenda; Nalukenge, Irene
    The purpose of this paper is to establish the relationship between tax fairness, isomorphic forces, strategic responses and tax compliance in Ugandan small and medium enterprises (SMEs). Design/methodology/approach – This is a correlational and cross-sectional study using two respondent types, the demand (represented by the tax collecting body respondents) and supply (represented by SME respondents) sides of tax compliance, to examine perceived tax compliance in Uganda’s SMEs. Findings – Tax fairness, isomorphic forces and strategic responses have a predictive force on tax compliance. Significant mediation effects of tax fairness and also strategic responses are found. The two respondent types perceive the study variables differently – providing an understanding of why the tax compliance puzzle has remained a burgeoning concern. For example, the tax-collecting body respondents perceived more tax fairness than SME respondents, suggesting that perceived tax fairness depends on whose “lenses” you look through. Research limitations/implications – Rather than focussing only on the importance of the rational analytical deliberation of tax fairness by taxpayers in influencing their tax compliance, the current paper shows that in addition, isomorphic forces and strategic responses establish the basis for understanding taxpayers’ compliance. Originality/value – The methodology that enlists two respondent types, i.e. the supply side of tax compliance and the demand side of tax compliance, probably offers a unique way of deriving better results than previous studies.