International Academic Journal of Economics and Finance (IAJEF) is an online publication platform that provides undergraduate and postgraduate students around the world an accessible platform for the dissemination of academic work in monetary & international economics, public economics, micro economics, macro economics, economic resources, environmental economics, financial markets, international finance, corporate finance, options, stocks & financial markets, commodities, bonds, money market instruments, derivatives, value of money, utility and related studies.

IAJEF globally welcomes undergraduate and postgraduate students, research scholars and other academic writers to submit their manuscripts/articles in its realm of Open Access Publication. Our academic journals are published every quarter (four times a year). All submitted manuscripts/articles are peer reviewed and accepted papers published within 30 days. We strive that each Call for Papers by International Academic Journals becomes another success story by enabling innovation and contributing towards the prosperity of academic research.

Message from the Chief Editor

International Academic Journalsiajournals.org

 

Dr. Pramod Sharma - Post Graduate Teaching Department of Hindi, Nagpur University, Nagpur. (Maharashtra)

"It gives me great pleasure to welcome you to the current issue of International Academic Journal of Economics and Finance (IAJEF). It is my expectation this journal will make significant contribution as well as be an academic voice and a venue for discourse that will move us forward intellectually. I believe IAJEF will play a role in improving the advancement of economics and finance globally."


International Academic Journal of Economics and Finance (IAJEF) Publications


PUBLIC SPENDING COMPOSITION AND EFFICIENCY: IT’S IMPLICATIONS FOR GROWTH, STRUCTURAL CHANGE AND HOUSEHOLD WELFARE IN ETHIOPIA (USING RECURSIVE DYNAMIC CGE MODEL)

Zerayehu Sime Eshete - Ph.D. (Economics), Yom Institute of Economic Development, A Collaborative Master of Science Program in Economics, Addis Ababa, Ethiopia

Volume 1, Issue 2, pp. 34-56 | Abstract (HTML Format) | Full Length Research (PDF Format)


ECONOMIC POLICIES AND DEVELOPMENT IN SUDAN (2000-2013)

Dr. Badreldin Mohamed Ahmed Abdulrahman - Department of Economics, University of Zalingei, Sudan

IAJEF Volume 1, Issue 3, pp. 1-9 | Abstract (HTML Format) | Full Length Research (PDF Format)


NGOs AND PEACE BUILDING IN DARFUR: A SOCIO-ECONOMIC ANALYSIS

Dr. Badreldin Mohamed Ahmed Abdulrahman - Department of Economics, University of Zalingei, Sudan

IAJEF Volume 1, Issue 3, pp. 10-16 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE INFLUENCE OF MONEY REMITTANCE REGULATIONS ON THE GROWTH OF FINANCIAL SECTOR ON THE KENYAN ECONOMY

Gichuki Edwin Mugo - PhD Student, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 1, Issue 4, pp. 1-13 | Abstract (HTML Format) |Full Length Research (PDF Format)


MODERATING EFFECT OF GOVERNMENT REGULATIONS ON THE RELATIONSHIP BETWEEN COST RECOVERY AND FINANCING OF WATER INVESTMENTS IN NAIROBI PERI-URBAN MARKETS IN KENYA

Kimani E. Maina - College of Human Resource Development, Jomo Kenyatta University of Agriculture and Technology, Kenya

Mouni Gekara Geoffrey - School of Business, East African University, Kenya

Kenneth Lawrence Wanjau - School of Business, Karatina University, Kenya

Joseph K. Mung’atu - Department of Statistics and Actuarial Science, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 1, Issue 4, pp. 14-31 | Abstract (HTML Format) |Full Length Research (PDF Format)


EXPLORING SUSTAINABILITY REPORTING FOR FINANCIAL PERFORMANCE OF SELECTED COMPANIES LISTED AT THE NAIROBI SECURITIES EXCHANGE IN KENYA

Charles N. Ngatia - Lead Consultant, Sotian Solutions Limited, Kenya

IAJEF Volume 1, Issue 4, pp. 32-48 | Abstract (HTML Format) | Full Length Research (PDF Format)


CAPITAL STRUCTURE AND CORPORATE PERFORMANCE OF MANUFACTURING COMPANIES LISTED IN NAIROBI SECURITIES EXCHANGE

Wilmot Okello Adera - Department of Commerce and Economic Studies, Jomo Kenyatta University of Agriculture and Technology, Kenya

Wickliffe Anyango - Department of Commerce and Economic Studies, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Gladys Rotich - Department of Commerce and Economic Studies, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 1, Issue 5, pp. 1-9 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE EFFECT OF VALUE ADDED TAX ON ECONOMIC GROWTH IN KENYA

Lawrence Kimuhu Njogu - Master of Business Administration in Finance, University of Nairobi, Kenya

IAJEF Volume 1, Issue 5, pp. 10-30 | Abstract (HTML Format) | Full Length Research (PDF Format)


FACTORS INFLUENCING TAX REVENUE GROWTH AT KENYA REVENUE AUTHORITY: A CASE OF MERU STATION 

James Nyamu Nyaga - Masters in Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Jane Omwenga - Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 1, pp. 1-15 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECT OF FUEL HEDGING ON THE PROFITABILITY OF THE AIRLINE INDUSTRY IN KENYA

Lucy Wanjiru Ndung’u - Masters in Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Mouni Geoffrey Gekara - Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 1, pp. 16-30 | Abstract (HTML Format) | Full Length Research (PDF Format)


MORTGAGE RATES IN KENYA: IMPLICATIONS FOR HOMEOWNERSHIP

Julia Kigomo - Kenya Methodist University, Kenya

IAJEF Volume 2, Issue 1, pp. 31-40 | Abstract (HTML Format) | Full Length Research (PDF Format)


COMPETITIVE BUSINESS STRATEGIES ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN KENYA: CASE STUDY OF EQUITY BANK LIMITED

Caroline Muthoni Ndung’u - Masters Student, Jomo Kenyatta University of Agriculture and Technology, Kenya

Wicliffe Otieno - Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Gladys Rotich - Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 1, pp. 41-58 | Abstract (HTML Format) | Full Length Research (PDF Format)


ADOPTION OF CREDIT REFERENCE BUREAUS’ REPORTS ON THE PERFORMANCE OF SACCOS IN KENYA: A CASE STUDY OF STIMA SACCO

Njoroge Sarah Wairimu - MBA, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Gladys Rotich - Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 1, pp. 59-74 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECTS OF CREDIT INFORMATION SHARING AND NON-PERFORMING LOANS IN COMMERCIAL BANKS IN KENYA: A CASE OF BARCLAYS BANK (KENYA)

Mwihaki Mary - Masters Student, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Muoni Gekara - Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 1, pp. 75-87 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECTS OF CREDIT RISK MANAGEMENT ON LOAN REPAYMENT PERFORMANCE OF COMMERCIAL BANKS IN KENYA

Beatrice Wakini Mwangi - Master in Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Willy Muturi - Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 2, pp. 1-24 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECT OF DIVIDEND POLICY ON STOCK PRICES FOR MANUFACTURING AND ALLIED INDUSTRY FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE

Esther Nyanchama Nyamosi - Master of Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr.  Jane Omwenga - Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 2, pp. 25-47 | Abstract (HTML Format) | Full Length Research (PDF Format)


CONTEMPORANEOUS HEALTH CONSEQUENCES OF CHILD LABOUR IN CAMEROON

Fabien Sundjo - St. Monica University and University of Bamenda, Cameroon

Francis Menjo Baye - University of Yaoundé, Cameroon

John Ebai Egbe - University of Bamenda, Cameroon

Daniel Tambe Mbu - University of Bamenda and University of Dschang, Cameroon

IAJEF Volume 2, Issue 2, pp. 48-75 | Abstract (HTML Format) | Full Length Research (PDF Format)


LONG-TERM HEALTH CONSEQUENCES OF CHILD LABOUR IN CAMEROON

Fabien Sundjo - St. Monica University and University of Bamenda, Cameroon

Essia Uwem - Regional Director of PAID-WA, Cameroon

Ndamsa Dickson - University of Bamenda, Cameroon

Luc Armand Totoum - University of Dschang, Cameroon

IAJEF Volume 2, Issue 2, pp. 76-91 | Abstract (HTML Format) | Full Length Research (PDF Format)


FACTORS AFFECTING PERFORMANCE OF GOVERNMENT BUDGET OFFICERS OF PUBLIC FINANCE IN KENYA

Ben Mwangi Kihia - Master of Science in Commerce (Finance and Accounting), KCA University, Kenya

IAJEF Volume 2, Issue 2, pp. 92-114 | Abstract (HTML Format) | Full Length Research (PDF Format)


FACTORS INFLUENCING INVESTMENT DECISIONS IN NAIROBI SECURITIES EXCHANGE: A CASE OF DYER & BLAIR INVESTMENT BANK LIMITED

Kamuti Josphat Mweu - Master’s of Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Jane Omwenga - Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 1-15 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE ROLE OF MICRO FINANCE INSTITUTIONS IN THE KENYAN ECONOMY: A CASE OF KISII TOWN, NYANZA

Apalia Ekakoron Anthony - Egerton University, Kenya

IAJEF Volume 2, Issue 3, pp. 16-33 | Abstract (HTML Format) | Full Length Research (PDF Format)


RELATIONSHIP BETWEEN DIGITAL FINANCE TECHNOLOGIES AND PROFITABILITY OF BANKING INDUSTRY IN KENYA

Florence Cherono Bett - Master of Business Administration (Finance Option), Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Jared Bitange Bogonko - Lecturer, Department of Business, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 34-56 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECT OF LIQUIDITY MANAGEMENT ON LIQUIDITY OF SAVINGS AND CREDIT CO-OPERATIVE SOCIETIES IN KIRINYAGA COUNTY, KENYA

John Mwangi Githaka - Master of Business Administration Student, University of Embu, Kenya

Kimani E. Maina - Lecturer, Department of Business and Economics, University of Embu, Kenya

Susan Gachora - Lecturer, Department of Business and Economics, University of Embu, Kenya

IAJEF Volume 2, Issue 3, pp. 57-73 | Abstract (HTML Format) | Full Length Research (PDF Format)


EQUITY FINANCING AND FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN EMBU TOWN, KENYA

Irene Kageni Njagi - Master of Business Administration Student, University of Embu, Kenya

Kimani E. Maina - Lecturer, Department of Business and Economics, University of Embu, Kenya

Samuel Kariuki - Lecturer, Department of Business and Economics, University of Embu, Kenya

IAJEF Volume 2, Issue 3, pp. 74-91 | Abstract (HTML Format) | Full Length Research (PDF Format)


WORKING CAPITAL MANAGEMENT PRACTICES AND FINANCIAL PERFORMANCE OF TEA PROCESSING FIRMS IN KENYA

Isaac Kibet Kiptoo - Master of Business Administration Student, University of Embu, Kenya

Samuel Kariuki - Lecturer, Department of Business and Economics, University of Embu, Kenya

Kimani E. Maina - Lecturer, Department of Business and Economics, University of Embu, Kenya

IAJEF Volume 2, Issue 3, pp. 92-111 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE EFFECT OF INTERNAL CONTROLS ON FINANCIAL PERFORMANCE OF MICROFINANCE INSTITUTIONS IN KENYA

Gabriel Mwaniki Ngari - Master of Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Tabitha Nasieku - Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 112-140 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECTS OF AGENCY BANKING ON CUSTOMER SATISFACTION IN THE BANKING INDUSTRY IN KENYA

Philip Okoth Tindi - Master of Business Administration (Finance Option), Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Jared Bitange Bogonko - Lecturer, Department of Business, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 141-160 | Abstract (HTML Format) | Full Length Research (PDF Format)


STRATEGIC DETERMINANTS OF ACCESS TO VENTURE CAPITAL AMONG SMALL AND MEDIUM SIZED ENTERPRISES IN NAIROBI COUNTY

Carol Weru - Master of Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Gladys Rotich - Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 161-182 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECTS OF DIVIDEND POLICY ON SHAREHOLDERS WEALTH: EVIDENCE FROM INSURANCE FIRMS IN THE KENYA

Micheal Muriithi Wanjohi - Master of Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 183-205 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECTS OF DIVIDEND POLICY ON SHAREHOLDERS WEALTH: EVIDENCE FROM INSURANCE FIRMS IN THE KENYA

Micheal Muriithi Wanjohi - Master of Business Administration, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 183-205 | Abstract (HTML Format) | Full Length Research (PDF Format)


INFLUENCE OF TRUST ON SAVINGS MOBILIZATION IN CO-OPERATIVES IN NYAMIRA COUNTY

Nyatichi Jeremiah Mauti - School of Business and Economics, Kenya Methodist University, Kenya

Evangeline Gichunge - Kenya Methodist University, Kenya

Risper Orero - Kenya Methodist University, Kenya

IAJEF Volume 2, Issue 3, pp. 220-236 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE INFLUENCE OF CREDIT HANDLING ON SAVINGS MOBILIZATION IN CO-OPERATIVES IN NYAMIRA COUNTY

Nyatichi Jeremiah Mauti - School of Business and Economics, Kenya Methodist University, Kenya

Evangeline Gichunge - Kenya Methodist University, Kenya

Risper Orero - Kenya Methodist University, Kenya

IAJEF Volume 2, Issue 3, pp. 237-254 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE EFFECT OF INTERNAL CONTROL MEASURES ON FRAUD IN SECURITY FIRMS IN KENYA

Faith Kavila - Masters Science in Finance and Investment, Kenya Methodist University, Kenya

Prof. Felix Mwambia - Kenya Methodist University, Kenya

IAJEF Volume 2, Issue 3, pp. 255-267 | Abstract (HTML Format) | Full Length Research (PDF Format)


EFFECTS OF RISK MANAGEMENT ON FINANCIAL STABILITY OF STATE CORPORATIONS IN KENYA: A SURVEY OF TOURISM FUND (TF) AND KENYATTA INTERNATIONAL CONVENTION CENTRE (KICC)

Carol Ntinyari Muriungi - Master of Science in Finance and Investment (MFI), Kenya Methodist University, Kenya

Matu Waithaka - Kenya Methodist University, Kenya

Elizabeth Were - Kenya Methodist University, Kenya

Moses Muriuki - Kenya Methodist University, Kenya

IAJEF Volume 2, Issue 3, pp. 268-291 | Abstract (HTML Format) | Full Length Research (PDF Format)


THE EFFECTS OF CAPITAL STRUCTURE ON GROWTH IN INTEREST BEARING ASSETS BY THE COMMERCIAL BANKS IN KENYA

Joan Nzeli Muthui - Master of Science in Finance and Investment, Kenya Methodist University, Kenya

Benard Baimwera - Kenya Methodist University, Kenya

Doreen Mutegi - Kenya Methodist University, Kenya

IAJEF Volume 2, Issue 3, pp. 292-314 | Abstract (HTML Format) | Full Length Research (PDF Format)


INVESTMENT PLANNING PRACTICES AND FINANCIAL PERFORMANCE OF MICRO RETAIL ENTERPRISES IN BUNGOMA TOWN, KENYA

Kibet Erick Chepnoen - Master of Science in Finance and Accounting, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Kimani E. Maina - Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 315-334 | Abstract (HTML Format) | Full Length Research (PDF Format)


FINANCIAL MANAGEMENT PRACTICES AND FINANCIAL PERFORMANCE OF MICROFINANCE INSTITUTIONS IN BUNGOMA COUNTY, KENYA

Martin Wekesa Mabonga - Master of Science in Finance and Accounting, Jomo Kenyatta University of Agriculture and Technology, Kenya

Kimani E. Maina - Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya

IAJEF Volume 2, Issue 3, pp. 335-347 | Abstract (HTML Format) | Full Length Research (PDF Format)


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