Purpose This paper aims to determine the effect of intrinsically motivating idiosyncratic deals (I-deals) on innovative work behaviour (IWB) among tied life insurance agents in Kenya. Design/methodology/approach Standard multiple regression analysis was used to test the hypotheses from data collected from a field study from 498 employees and 48 managers. Findings The study findings showed a positive relationship between both flexibility I-deals and IWB (ß = 0.461, p < 0.00) and between task and responsibilities I-deals and IWB (ß = 0.171, p < 0.01). Research/limitations/implications The cross-sectional collection of data weakens the author’s claim of causality between the variables in focus. The study extends literature on the effects of flexibility as well as tasks and responsibilities I-deals on IWB. Practical implications Organizations must grant their employees with intrinsically motivating I-deals in order for display of IWB. Social implications These I-deals provided intrinsic motivation of the employees in displaying IWB in the organizations. The exchange relationship with the employers got enhanced through their granting motivating employees to look for new ways of doing their work. Originality/value This is the first study to investigate a linear relationship between intrinsically motivating I-deals and IWB.
Employee performance has been at the helm of academic research over the years. The changing nature of work has unearthed several antecedents of job performance. The purpose of this study was to examine employee performance through the development of Idiosyncratic deals and Leader-Member-Exchange-quality lens of antecedents. The study is anchored on the social exchange theory. The hypotheses were tested on a sample of 325 employees of ICT firms in Uganda, using a cross-sectional survey. Three hundred two responses were used for analysis after cleaning of data. The direct hypotheses were tested using correlation analysis, while the mediation was tested using the Hayes Process macro model 4. The results supported the relationship between development idiosyncratic deals and employee performance and LMX quality and employee performance. This study found a significant mediating role of LMX-quality on the relationship between development idiosyncratic deals and employee performance. The study made contributions to the literature on idiosyncratic deals, employee performance, leader-member exchange quality as well, as the Social exchange theory. The study recommends adopting good quality LMX relationships to enhance the role of development idiosyncratic deals on employee performance among ICT firms.
The main aim of the paper was to establish the effect of operating cash flow on stock return of firms listed in NSE. The study was informed by Free Cash Flow (FCF) theory. Census survey was adapted to review financial statements for 29 listed non-financial firms at NSE that had consistent data for all the study variables. Secondary data was extracted for 12 years from 2007-2019 with the aid of a data collection sheet. Explanatory research design which is panel in nature was followed by this study. Both descriptive and inferential statistics were used in data analysis. Panel data regression was used to make inferences and test research hypothesis. Fixed and Random effects methods were used to analyze the balanced panel data using STATA statistical package and Hausman test established that Random effect model was the most ideal method to analyze data in this study. The findings indicated that operating cash flow positively and significantly influenced the stock returns for firms listed at NSE. The study concludes that operating cash flow information affects stock returns. Therefore, the study advocates for firms to increase their levels of operating cash flows through prudent utilization of cash resources since it enhances the stock returns.
Background Information Stock Price Volatility (SPV)Is a statistical measure of a security's price fluctuation over time (Osundina et al., 2016). SPVs are a critical phenomenon for investors worldwide, particularly in emerging markets such as Kenya. The SPV is of great interest in the capital market due to its impact on stock market stability and investor strategies. The share price fluctuates dramatically depending on a variety of factors. Knowledge of the factors causing these fluctuations and their potential impact on share prices is highly valuable because it allows investors to make wise investment decisions and firms to increase their market value.According to Musallam (2018), the goal of investors investing in company stocks is to maximize their money, which will be accomplished through market stock prices. Market stock return is regarded as an important factor in determining the best investment opportunity. Investors need more information about a company's financial reporting to identify its fiscal health and financial performance in order to find the appropriate opportunity with a good profit and low risk. According to Anwaar (2016), financial information is one of the essential components that can help investors invest in a firm. Share prices are influenced by a variety of factors, including market value ratios (Nirmala, 2011).According to Ndwiga (2016), the stock's volatility is frequently used to assess risk. The volatility of a stock indicates the rate at which its price changes over a given time period. The price of a volatile stock would fluctuate significantly over time, making it extremely difficult to predict the future price of such a stock. Concerns can arise when stock price volatility reaches extreme levels. If such volatility continues, firms will be less able to use their available capital efficiently because they will need to reserve a larger percentage of cash-equivalent investments to reassure lenders and regulators. Volatility raises market-making risks and forces market intermediaries to charge higher fees for liquidity services, resulting in lower market liquidity. Furthermore, high volatility discourages investors from holding stock because expected returns must be traded off for risk exposure, resulting in a demand for high-risk premiums to diversify against volatility risks.In Africa, Ikhatua (2013) concluded that market value ratios influence stock volatility while attempting to determine if they contribute to stock volatility in the Nigerian Capital Market. Angahar (2015) discovered a significant relationship between revenues and stock prices on the Nigerian Stock Exchange. In Kenya, the Nairobi Securities Exchange
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