Browsing by Author "Sunday, Arthur"

Now showing 1 - 13 of 13
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    An analysis of internal control systems and their influence on financial sustainability of selected institutions of higher learning in Tanzania
    (International Journal of Research, 2018) Sunday, Arthur; Mabonga, Eric; Tumwebaze, Lydia; Kirabo Kyeyune, Joseph B.
    The study investigated and sought to establish the relationship between internal control systems and financial sustainability in an Institution of higher learning in Tanzania. Internal controls were looked at from the perspective of Control Environment, Internal Audit and Control Activities whereas Financial sustainability focused on Liquidity, Accountability and Reporting as the measures of Financial sustainability. The Researcher set out to establish the causes of persistent poor financial sustainability from the perspective of internal controls. The research was conducted using both quantitative and qualitative approaches using Survey, Correlation and Case study as Research Designs. Data was collected using Questionnaires and Interview guide as well as review of availablefinancial reports, documents and records of the selected institutions .The study found that management of most institutions is committed to the control systems, actively participates in monitoring and supervision of the activities of the Institutions of higher leraning , all the activities of the Institution’s activities are
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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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    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.
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    Clients Drop Out And Financial Performance Of Micro Finance Institutions In Uganda
    (Frontiers in Finance & Economics, 2019) Sunday, Arthur; Mabonga, Eric; Kukundakwe, Rebecca; Tumuhimbise, Boaz
    Micro finance Institutions in Uganda seek to provide clients from poor households with a range of money management and banking services. Micro finance is important to the well being of the society because it improves on the welfare, wealth and general standards of living for those people involved in micro finance activities. Despite Micro Finance Institutions effort to support the low income earners by providing financial services, a high rate of clients drop out has persisted. The problem arising out of these excessive levels of client dropout is that they are likely to have negative effects on the financial performance of Micro Finance Institutions. Basing on the above problem, the study was set; to assess the impact of client dropout on the financial performance of Micro finance Institutions in Uganda and also To determine the factors responsible for clients dropouts in Microfinance Institutions in Uganda The research was based on a qualitative case study design of a descriptive nature and analytical based on structured questionnaires where the sources of data for this research were primary and secondary sources
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    Community Health Insurance Schemes and Access to Quality Health Services in Rural Areas: A Case of Kasaana Sub-County, Sheema District, Uganda
    (Kabale University, 2021) Sunday, Arthur; Kyabarongo, Benon; Agaba, Moses; Nuwagaba, Ronald
    The study assessed the effect of community health insurance schemes on access to quality health services in rural areas in Kasaana Sub-County, Sheema District, Uganda. It was guided by the following objectives; to find out the effect of health infrastructure insurance scheme on the accessibility to quality health services, to determine the extent to which medical materials insurance scheme influence the accessibility to quality health services and to find out the extent to which financial resource insurance scheme affect the accessibility to quality health services.The researcher used a correlation and cross sectional designs. The researcher used both purposive and stratified random sampling techniques to sample respondents and the sample size was 310 respondents. Pearson Correlation Coefficient was also used first to examine associations between variables, presented in a correlation matrix style. Finally, a sequence of Multiple Regression Analyses was employed to test the hypothesis and to identify the nature and extent of relationship. The study findings revealed that effectiveness of health infrastructure has a strong, positive and significant impact on people’s accessibility to quality health services (R-value of 0.983; Beta value of 0.983 and significant value of 0.00). The study findings also revealed that availability of medical facilities or material at health centers have a positive impact on the accessibility of quality health service to people (r-value of 0.979 and Beta value of 0.979 at significant value of 0.00). It was also revealed that availability of financial resources insurance schemes have a strong, positive and significant impact on people’s accessibility to quality health services (r-value of 0.998, Beta value of 0.998 and significant value of 0.00.) This study concluded that effective health infrastructure insurance has a strong, positive and significant impact on the people’s accessibility to quality health services. The government should ensure that laboratories at all heath facilities that are well equipped with facilities such that patients can access laboratory related services easily
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    Financial management practices and business performance of small and medium enterprises in western Uganda
    (African journal of business management, 2013) Turyahebwa, Abanis; Sunday, Arthur; Ssekajugo, Derick
    Small and medium Enterprises are seen as a driving force for the promotion of an economy. The purpose of the study was to establish the relationship between financial management practices and business performance of SMEs in western Uganda with a view to establishing a coherent model directed at improving business performance and it was hypothesized that financial management practices positively influences Business performance. The study adopted a positivist (quantitative paradigm) with cross sectional and correlational designs. The study used a respondent sample of 335 SMEs operating in Mbarara, Sheema and Bushenyi whose owners/managers were the unit of enquiry. Structural Equations Modeling with Analysis of Moment Structures were used to for statistical modeling. The findings in respect of the main purpose of the study indicated that financial management practices accounted for 33.8% of the variance in business performance of SMEs. The results also indicated that working capital management influences highly since it predicts over 22% of the variance in business performance. The present study supported a multi-theoretic approach in explaining business performance of SMEs in Uganda. The study supports the pecking order theory in explaining the financing of SMEs together with resource based view as the theories that help in explaining business performance of SMEs. The study confirmed efficient financial management practices factor structure of observed variables and the latent variables. As a result, the study provided models for efficient financial management practices. These models can then used to provide a trajectory for improving business performance of SMEs in Uganda.
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    Information Technology Adoption And The Growth Of Small And Medium Enterprises In Greater Kampala Metropolitan Area, Uganda
    (International Journal of Advanced Research and Publications, 2020) Tukundane, Benson; Kibuuka, Muhammad; Sunday, Arthur
    Growth of Small and Medium Enterprises plays a major role in improving a country’s economic development. Whereas research identifies the role played by Information Technology adoption in improving the growth of organizations, much emphasis has been given to understanding large organizations in developed countries. This has left SMEs in developing countries prone to low growth and limited survival in the market with the contemporary competitive business environment. More so, SMEs contribute approximately 20% of GDP in most developing countries. Apparently, due to a weak link between Information Technology adoption and Growth of SMEs. In Uganda, it appears that there is need for a greater emphasis on studies that link information technology adoption and growth of SMEs. In this study a mixed methods approach and cross-sectional research design was used to establish the effect of information technology adoption and growth of small and medium enterprises in greater Kampala metropolitan area on a sample of 189 top administrators of SMEs. Findings revealed approximately a large correlation between information technology adoption and growth of SMEs. Linear regression results revealed that 42.2% of growth of SMEs according to this study was explained by variations in information technology adoption practices. As a result, this study recommends that SMEs ought to take advantage of the existing sophisticated and the ever varying information technologies in order to achieve their ultimate goal which is growth.
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    Management Control System and Financial Performance of Micro Finance Institutions in Central Region Uganda
    (International Journal of Research, 2019) Nuwagira, Keneth; Agaba, Moses; Barigye, Godfrey; Kinyata, Stanley; Murezi, Caroline M.; Tamwesigire, Caleb; Sunday, Arthur
    Microfinance institutions (MFIs) worldwide have been seen and identified as a vital institution to nations’ quest for solutions to the development challenge (CGAP, 2016). Micro finance in Uganda is a vibrant growing industry and the government of Uganda has over the past decade initiated implemented and or supported various micro credit schemes aimed at fighting poverty in the country. Microfinance has evolved by providing micro credits to respond to the furthermost financial and non-financial needs of the citizens, to eradicate poverty and increase financial inclusion. Most studies undertaken in the past few years have focused mainly on outreach of MFI’s and their impact on profitability and not on internal control system and lack of clarity on the extent to which internal control system influences financial performance (Narver, 2007) will therefore continue to inhibit common understanding and explanation which might deter performance improvement in Ugandan microfinance institutions. Failure by MFIs to monitor portfolio quality closely and take action when necessary and this has threatened the going concern of microfinance industry in Uganda. The study analyzed the relationship between Management control system and financial performance of MFIs in central region Uganda and it was hypothesized that Management control system positively influences financial performance of MFIs in central region Uganda. MFIs have come under spotlight for cases of poor financial performance. Lack of empirical studies to assess the impact of Management control system on the financial performance of microfinance institutions in Uganda is the motivation behind this study. Therefore, this study is important not only because it fills the gap, but also it is set out to address this evident knowledge gap. The study adopted positive-phenomenological, epistemology and quantitative-qualitative methodology dimension with cross sectional and correlation designs, the unit of analysis was Microfinance Institutions registered with Association of Microfinance Institutions, and employees were the units of inquiry. Structural Equations Modeling with Analysis of Moment Structures were used to for statistical modeling
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    New Product Development Practices and Growth of Small and Medium Enterprises in Greater Kampala Metropolitan Area, Uganda
    (International Journal of Research and Innovation in Social Science (IJRISS), 2020) Tukundane, Benson; Kibuuka, Muhammad; Sunday, Arthur
    Small and medium enterprises play an important role in the economies of developed and developing countries across the globe. SMEs contribute approximately 20% of GDP in most developing countries. Thus, their growth and survival has become of great concern for most developing countries. Previous studies have indicated that new product development practices have been identified as a successful tool for small and medium enterprises towards satisfying the changing needs of the market and to remain competitive. Apparently, due to a weak link between new product development and Growth of SMEs in Uganda, it appears that there is need for a greater emphasis on studies that link new product development and growth of SMEs. In this study mixed methods approach and cross-sectional research designs were used to establish the effect of new product development on growth of small and medium enterprises in greater Kampala metropolitan area on a sample of 226 top administrators of SMEs. Findings revealed approximately a large correlation between new product development practices and growth of SMEs. Linear regression results revealed that 31.92% of growth of SMEs according to this study was explained by variations in new product development practices.
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    Other proprietary brand assets and competitive advantage in beer products in Kabale District, South Western Uganda
    (Special Journal of Politics and Economic Sustainability, 2020) Agaba, Moses; Sunday, Arthur
    In the current business environment, firms are required to be more competitive and hostile. Other proprietary brand asset is used by business organizations to gain competitive advantage. This study adopted the resource-based business model that provides a framework for identifying unique set of resources and shifts the approach of assessing competitive advantage from the external to the internal environment that is the resource power This is a descriptive questionnaires-based survey of 1,783 wholesalers, retailers, customers, brand and marketing managers of Nile Special Lager, Eagle Lager, Senator Extra Lager, Club and Bell beer products sold in Kabale District of Uganda. Simple random sampling was used to select alcoholic beverages products and producers while purposive sampling was adopted to select shopping centers where consumer information was collected after pilot marketing investigation.
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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.