BBSF Research Projects
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Browsing BBSF Research Projects by Subject "Banks"
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- ItemExtent of compliance with IFRS Financial Instrument Standards - a case study of Banks in Kenya(Strathmore University, 2014-03) Ochieng', Yvonne Adhiambo; Injeni, GeoffreyThe aim of this study is to identify the extent to which listed banks in Kenya comply with International Financial Reporting Standards, with particular reference to financial instruments IAS 32, IAS 39 and IFRS 7. It also seeks to identify the formal mechanism employed to monitor and enforce IFRS compliance in Kenya. In addition, it is further intended to identify the problems listed banks encounter in complying with IFRS.The level of mandatory compliance with lAS 32, JAS 39 and IFRS 7 was measured using a mandatory disclosure index (MDI) which the researcher developed from a self-constructed compliance checklist. An open ended questionnaire was also used to gather data for the study. The sample consisted of 42 registered banks and covers the period of2012. The overall results show a high degree of compliance with lAS 32, lAS 39 and IFRS 7, though not absolute. The study reveals the existence of a monitoring and enforcement mechanism which the researcher finds to be not too rigorous. Finally, the study identifies the number of regulatory requirement registered banks had to comply with in addition to the IFRS requirements, the ever changing IFRS, and the inability of the banks to automate the IFRS into their system to make it easier and faster for financial statement preparation, as some of the major challenges that registered banks go through in complying with the IFRS.
- ItemThe relationship between executive remuneration and credit risk of banks listed in Kenya(Strathmore University, 2016) Kinyanjui, Brenda W.The collapse of the financial system in 2008 brought into light the strong impact that executive remuneration had in the management of credit risk in banks is the United States. The relationship of agency looks at executive pay as a mode of linking the interests of shareholders to that of management. This study attempts to reveal the relationship between the measures of credit risk and executive remuneration and give an overall assessment of the impact of executive remuneration on credit risk in Kenyan banks. It will enable shareholders be able to know to what 'extent they can use executive remuneration to control credit risk inbanks. It can also be used by the government to ensure proper credit risk management in banks for the sound health of the financial system. A panel data from eleven listed commercial banks in Kenya covering a seven year period (2008-2014) was analyzed within the random effects framework. The results from this study find a positive but insignificant relationship between credit risk and executive remuneration. The study can be extended to include the structure of executive remuneration especially with the introduction of a derivatives market in Kenya and the possibility of the inclusion of share options in the pay structure of management.
- ItemThe relationship between executive renumeration and credit risk of banks listed in Kenya(Strathmore University, 2015-11) Kinyanjui, Brenda WangechiThe collapse of the financial system in 2008 brought into light the strong impact that executive remuneration had in the management of credit risk in banks is the United States. The relationship of agency looks at executive pay as a mode of linking the interests of shareholders to that of management. This study attempts to reveal the relationship between the measures of credit risk and executive remuneration and give an overall assessment of the impact of executive remuneration on credit risk in Kenyan banks. It will enable shareholders be able to know to what extent they can use executive remuneration to control credit risk in banks. It can also be used by the government to ensure proper credit risk management in banks for the sound health of the financial system. A panel data from eleven listed commercial banks in Kenya covering a seven year period (2008-2014) was analyzed within the random effects framework. The results from this study find a positive but insignificant relationship between credit risk and executive remuneration. The study can be extended to include the structure of executive remuneration especially with the introduction of a derivatives market in Kenya and the possibility of the inclusion of share options in the pay structure of management.