jonathan william omolo - Academia.edu (original) (raw)
Uploads
Papers by jonathan william omolo
The International Journal of Business and Management, Mar 31, 2020
The Influence of Corporate Governance Practices on Financial Distress of Firms Listed at the Nair... more The Influence of Corporate Governance Practices on Financial Distress of Firms Listed at the Nairobi Securities Exchange: Moderating Influence of Financial Leverage 1. Introduction There has been an increasing interest in corporate governance over the last three decades to the extent that it has become a global phenomenon. The main driver of evolution of corporate governance has been corporate failures, (Martin, 2017). According to Alexandru and Iulia (2011) most corporations in the world have collapsed because of poor governance practices such as inflated earnings, expenses booked as capital expenditure, looting by management and improper share deals.The collapse of large and trusted corporations like Enron (2001),Worldcom (2002), Parmalat (2003), Global Crossing Limited (2002) and Tyco International Limited (2002) provide evidence of the consequences of weak corporate governance structures, (Victor, 2014). Corporate governance refers to the process and structure used to direct and manage the business and affairs of a firm towards enhancing prosperity and corporate accountability with the ultimate objective of realizing the long term value of shareholders while taking into account the interest of other stakeholders, (The Capital Markets Authority, 2018). The main concern in the corporate governance framework is the accountability of key persons in corporations, (Abdullah, Muhammad and Karren, 2016). A good system of corporate governance guarantees that corporate activities and management policies are in line with the interest of shareholders and all stakeholders in general, (Bernard, 2003; Shleifer and Vishny, 1997). It concerns itself with the appropriate board structure, processes and values to cope with the ever increasing demands of stakeholders, (Alexandru and Iulia, 2011). Essentially, all firms need good governance to ensure that they are run well and that their managers are responsible and accountable, (Youssef and Bayoumi, 2015). However, bad corporate governance practices may results in firms experiencing the detrimental impact of financial distress. Financial distress is a global problem that has afflicted both developed and developing economies, (Baimwera and Muriuki, 2014). Financial distress refers to a situation when a company is experiencing failure and in which the rate of return is less than the cost of capital, (Lakshan and Wijekoon, 2012). It refers to a state of affairs when a company's cash flows are not sufficient to repay principal and interest of debt and may occur when the firm's equity becomes negative,
Social Responsibility Journal, 2018
Purpose This study aims to investigate if “corporate governance practices” have any influence on ... more Purpose This study aims to investigate if “corporate governance practices” have any influence on firm corporate social responsibility (CSR) reporting by listed firms in Bangladesh. Design/methodology/approach This study uses a content analysis to examine specific corporate social responsibility (CSR)-related attributes from 101 publicly listed non-financial firms in Bangladesh. Using various attributes of social and environmental reporting, a disclosure index is also constructed. Findings The finding of this study is that corporate governance practices do not have any influence on firm CSR reporting. The findings, in particular, show that CSR disclosure by firms is not responsive to new corporate governance regulations. Research limitations/implications This study is subject to some limitations, such as the subjectivity or judgement associated in the coding process. Practical implications The implication of this study is that firm CSR practices are legitimization exercises and firms...
Management for Professionals, 2015
Human Resource Management practice provides students and practicing managers with a concise but t... more Human Resource Management practice provides students and practicing managers with a concise but thorough review of essential Human resource management concepts in a highly readable and understandable form.Dr.Wilson.A.Otengah This book is an extremely innovative text on Human resource Issues.It will stimulate and guide students.Henry Otok This new text provides a thought provoking ,critical yet accessible introduction to human resource management.Phoebe Otiende
Journal of Environment and Earth Science, 2015
Until recently it has been too easy to overlook Small and Medium-size Enterprises in the analysis... more Until recently it has been too easy to overlook Small and Medium-size Enterprises in the analysis of environmental impact of particularly the manufacturing sector (ibid 2003). SMEs continue to grow, so do their environmental impacts. SMEs are faced by such challenges as difficulty in raising capital, limited managerial skills, regulatory constraints, limited extension services and difficulty in getting access to technology The study found out that SMEs where copies of environment related laws existed and staffs were aware of the laws, respondents indicated involvement in environmental management practices. It is thus concluded that legal provisions influenced adoption of good environmental management practices by Small and Medium-size Manufacturing enterprises.
Developing Country Studies, 2016
The objective of this study was to determine the influence of collaboration management strategy o... more The objective of this study was to determine the influence of collaboration management strategy on the magnitude of conflicts in national registration bureaus in Busia County. Guided by the contingency theory of management, the study was conducted through cross sectional survey research design. The study area was Busia County. The target population was 183 employees while the sample size of 132 employees. Data was collected using questionnaires. Data was analyzed using Descriptive statistics .The study established that collaboration management strategy have significant influence on the magnitude of conflicts in national registration bureau in Busia County. Keyword : collaboration, conflict
International Journal of Human Resource Studies, 2012
The study investigated the effect recruitment and election on the performance of SMEs in Kisumu M... more The study investigated the effect recruitment and election on the performance of SMEs in Kisumu Municipality, Kenya. Kenya has 1.6 million SMEs, constituting 96% of business enterprises, employing 75% of the labour force and contributing 20% to GDP. But their performance has been poor in the last decade. Hence the need to determine the suitable recruitment and selection strategies that could increase their performance. The study found that the overall average performance of SMEs in Kisumu Municipality was 60.71%. There was a significant positive correlation between recruitment and selection, and performance of SMEs at α = .01. The average performance of SMEs with good recruitment and selection was 81.90%; with moderate was 67.94%, with poor was 53.90%. Recruitment and selection account for 40.8% of the total variance in performance of SMEs. The study concludes that recruitment and selection has a significant effect on the performance of SMEs in Kisumu Municipality. Key WordsRecruit...
The increasing interest in training and development is due to the assumption that employees and t... more The increasing interest in training and development is due to the assumption that employees and the way they are managed are critical to the success of a firm. The increasing pressures from the rapid changes occurring in the business environment have led to a variety of responses among organizations. Training and development is therefore emerging as a proactive way of reducing such pressures. This study intends to investigate the influence of training and development on the performance of SMEs in Kisumu County. SMES are emerging as a reliable alternative to poverty alleviation. This sector remains a major revenue earner to the government and a source of employment to many people. However, SMEs in Kenya and in Kisumu County in particular, face peculiar challenges that affect their performance and limit their capacity to contribute effectively to sustainable development. They lack effective performance standards, Training and development that do not support appropriately skilled perso...
Developing Country Studies, 2016
Employee assistance has been promoted and recommended as a means of improving performance in orga... more Employee assistance has been promoted and recommended as a means of improving performance in organizations, its influence on the performance of employees in the sugar sector has not been exhaustively investigated. The purpose of the study was to investigate the influence of employee assistance programs on employee performance. The research design adopted for this study was a Case study. The target population was 1269 employees of Mumias Sugar Company and a sample size of 297. This study employed stratified and simple random sampling methods. Data was collected using Likert questionnaires. Data was analyzed through percentages, mean and multi-regression techniques and presented through tables, pie-charts and bar graphs. The study found out that employee assistance programs have a significant effect on employee performance. Keyword: Employee assistance program
The International Journal of Business and Management, Mar 31, 2020
The Influence of Corporate Governance Practices on Financial Distress of Firms Listed at the Nair... more The Influence of Corporate Governance Practices on Financial Distress of Firms Listed at the Nairobi Securities Exchange: Moderating Influence of Financial Leverage 1. Introduction There has been an increasing interest in corporate governance over the last three decades to the extent that it has become a global phenomenon. The main driver of evolution of corporate governance has been corporate failures, (Martin, 2017). According to Alexandru and Iulia (2011) most corporations in the world have collapsed because of poor governance practices such as inflated earnings, expenses booked as capital expenditure, looting by management and improper share deals.The collapse of large and trusted corporations like Enron (2001),Worldcom (2002), Parmalat (2003), Global Crossing Limited (2002) and Tyco International Limited (2002) provide evidence of the consequences of weak corporate governance structures, (Victor, 2014). Corporate governance refers to the process and structure used to direct and manage the business and affairs of a firm towards enhancing prosperity and corporate accountability with the ultimate objective of realizing the long term value of shareholders while taking into account the interest of other stakeholders, (The Capital Markets Authority, 2018). The main concern in the corporate governance framework is the accountability of key persons in corporations, (Abdullah, Muhammad and Karren, 2016). A good system of corporate governance guarantees that corporate activities and management policies are in line with the interest of shareholders and all stakeholders in general, (Bernard, 2003; Shleifer and Vishny, 1997). It concerns itself with the appropriate board structure, processes and values to cope with the ever increasing demands of stakeholders, (Alexandru and Iulia, 2011). Essentially, all firms need good governance to ensure that they are run well and that their managers are responsible and accountable, (Youssef and Bayoumi, 2015). However, bad corporate governance practices may results in firms experiencing the detrimental impact of financial distress. Financial distress is a global problem that has afflicted both developed and developing economies, (Baimwera and Muriuki, 2014). Financial distress refers to a situation when a company is experiencing failure and in which the rate of return is less than the cost of capital, (Lakshan and Wijekoon, 2012). It refers to a state of affairs when a company's cash flows are not sufficient to repay principal and interest of debt and may occur when the firm's equity becomes negative,
Social Responsibility Journal, 2018
Purpose This study aims to investigate if “corporate governance practices” have any influence on ... more Purpose This study aims to investigate if “corporate governance practices” have any influence on firm corporate social responsibility (CSR) reporting by listed firms in Bangladesh. Design/methodology/approach This study uses a content analysis to examine specific corporate social responsibility (CSR)-related attributes from 101 publicly listed non-financial firms in Bangladesh. Using various attributes of social and environmental reporting, a disclosure index is also constructed. Findings The finding of this study is that corporate governance practices do not have any influence on firm CSR reporting. The findings, in particular, show that CSR disclosure by firms is not responsive to new corporate governance regulations. Research limitations/implications This study is subject to some limitations, such as the subjectivity or judgement associated in the coding process. Practical implications The implication of this study is that firm CSR practices are legitimization exercises and firms...
Management for Professionals, 2015
Human Resource Management practice provides students and practicing managers with a concise but t... more Human Resource Management practice provides students and practicing managers with a concise but thorough review of essential Human resource management concepts in a highly readable and understandable form.Dr.Wilson.A.Otengah This book is an extremely innovative text on Human resource Issues.It will stimulate and guide students.Henry Otok This new text provides a thought provoking ,critical yet accessible introduction to human resource management.Phoebe Otiende
Journal of Environment and Earth Science, 2015
Until recently it has been too easy to overlook Small and Medium-size Enterprises in the analysis... more Until recently it has been too easy to overlook Small and Medium-size Enterprises in the analysis of environmental impact of particularly the manufacturing sector (ibid 2003). SMEs continue to grow, so do their environmental impacts. SMEs are faced by such challenges as difficulty in raising capital, limited managerial skills, regulatory constraints, limited extension services and difficulty in getting access to technology The study found out that SMEs where copies of environment related laws existed and staffs were aware of the laws, respondents indicated involvement in environmental management practices. It is thus concluded that legal provisions influenced adoption of good environmental management practices by Small and Medium-size Manufacturing enterprises.
Developing Country Studies, 2016
The objective of this study was to determine the influence of collaboration management strategy o... more The objective of this study was to determine the influence of collaboration management strategy on the magnitude of conflicts in national registration bureaus in Busia County. Guided by the contingency theory of management, the study was conducted through cross sectional survey research design. The study area was Busia County. The target population was 183 employees while the sample size of 132 employees. Data was collected using questionnaires. Data was analyzed using Descriptive statistics .The study established that collaboration management strategy have significant influence on the magnitude of conflicts in national registration bureau in Busia County. Keyword : collaboration, conflict
International Journal of Human Resource Studies, 2012
The study investigated the effect recruitment and election on the performance of SMEs in Kisumu M... more The study investigated the effect recruitment and election on the performance of SMEs in Kisumu Municipality, Kenya. Kenya has 1.6 million SMEs, constituting 96% of business enterprises, employing 75% of the labour force and contributing 20% to GDP. But their performance has been poor in the last decade. Hence the need to determine the suitable recruitment and selection strategies that could increase their performance. The study found that the overall average performance of SMEs in Kisumu Municipality was 60.71%. There was a significant positive correlation between recruitment and selection, and performance of SMEs at α = .01. The average performance of SMEs with good recruitment and selection was 81.90%; with moderate was 67.94%, with poor was 53.90%. Recruitment and selection account for 40.8% of the total variance in performance of SMEs. The study concludes that recruitment and selection has a significant effect on the performance of SMEs in Kisumu Municipality. Key WordsRecruit...
The increasing interest in training and development is due to the assumption that employees and t... more The increasing interest in training and development is due to the assumption that employees and the way they are managed are critical to the success of a firm. The increasing pressures from the rapid changes occurring in the business environment have led to a variety of responses among organizations. Training and development is therefore emerging as a proactive way of reducing such pressures. This study intends to investigate the influence of training and development on the performance of SMEs in Kisumu County. SMES are emerging as a reliable alternative to poverty alleviation. This sector remains a major revenue earner to the government and a source of employment to many people. However, SMEs in Kenya and in Kisumu County in particular, face peculiar challenges that affect their performance and limit their capacity to contribute effectively to sustainable development. They lack effective performance standards, Training and development that do not support appropriately skilled perso...
Developing Country Studies, 2016
Employee assistance has been promoted and recommended as a means of improving performance in orga... more Employee assistance has been promoted and recommended as a means of improving performance in organizations, its influence on the performance of employees in the sugar sector has not been exhaustively investigated. The purpose of the study was to investigate the influence of employee assistance programs on employee performance. The research design adopted for this study was a Case study. The target population was 1269 employees of Mumias Sugar Company and a sample size of 297. This study employed stratified and simple random sampling methods. Data was collected using Likert questionnaires. Data was analyzed through percentages, mean and multi-regression techniques and presented through tables, pie-charts and bar graphs. The study found out that employee assistance programs have a significant effect on employee performance. Keyword: Employee assistance program