Financial Risk Management and Performance of Savings and Credit Cooperative Societies in Nairobi City County, Kenya

Mwaura, Joan Wanjiru; Njoka, Charity

doi:10.24940/theijbm/2020/v8/i8/bm2008-020

Cited by 11 publications

(17 citation statements)

References 2 publications

(2 reference statements)

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“…From the outbreak of the information revolution to the present, its impact has now penetrated into everyone's daily life [1]. It can reach other corners of the world through the Internet [2]. It is exponential [3].…”

Section: Introductionmentioning

confidence: 99%

Discussing the Construction of a Budget Management System Combining Multimedia Technology and Financial Risk Management

Jiang

2022

Advances in Multimedia

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The development of modern technology allows enterprises to continuously expand the means of financial management. The use of advanced information technology and modern management means makes the financial management of enterprises continue to improve, but there are also many problems. In the face of various types of risks that enterprises may face at present, in addition to strengthening financial accounting, enterprises should also recognize the various risks that the double-edged sword of financial management informatization may bring to enterprise financial management and carefully analyze the reasons for the emergence of risks, from the ideological and technical means to continuously improve the entire process of financial management informatization, which is an important topic for every financial worker to discuss. This paper mainly studies and innovates the data mining process and the support vector machine model and designs the data preprocessing method in the data mining process to perform feature selection and optimize the parameters of the support vector machine model. The specific process is as follows: based on CRISP-DM, the industry-standard model of the data mining process, a series of data preprocessing, eigenvalue extraction, parameter optimization, training set pruning, and other methods are designed from business understanding, data understanding, data preparation, and other aspects to improve data quality. In the traditional support vector machine, when the test sample is located at the boundary point of the hyperplane, the judgment may be wrong. In the aspect of SVM model improvement, according to the discrimination method of SVM, the weighted K-nearest neighbor algorithm is introduced to redistinguish the qualified test samples in the feature space. From the whole process of data mining, a data mining system is designed, which is “data preprocessing standardization + genetic algorithm feature selection + training set pruning + support vector machine classifier discrimination optimization.” Finally, this paper uses a series of data mining optimization methods designed to mine the actual financial data of listed companies and has achieved good results.

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Section: Introductionmentioning

confidence: 99%

Discussing the Construction of a Budget Management System Combining Multimedia Technology and Financial Risk Management

Jiang

2022

Advances in Multimedia

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“…Studies by Mwaura, (2020), Osiemo, (2016), Gweyi, (2018, Jegede and Olowookere (2016), Opondo, (2021) and had knowledge gap. In addition, all the mentioned studies did not focus on cybersecurity risk and performance of insurance sector.…”

Section: Effective Financial Risk Managementmentioning

confidence: 99%

“…Studies by Abdulrahim (2019), Kasanga, (2021), Mwaura, (2020), Osiemo, (2016), Gweyi, (2018, Jegede and Olowookere (2016), Opondo, (2021) and had methodological gap. In addition, all the mentioned studies did not employ desktop review methodology.…”

Section: Effective Financial Risk Managementmentioning

confidence: 99%

Effect of cybersecurity risk management practices on performance of insurance sector: A review of literature

Kejwang¹

2022

IJRBS

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Cybersecurity is a set of technologies, processes, practices, and response and mitigation measures aimed at ensuring the confidentiality, integrity, and availability of networks, computers, programs, and data against attack, damage, or unwanted access. Cyber security risk management strategies include limiting data access to avoid putting sensitive information at risk. The purpose of the study therefore is to evaluate the effect of cybersecurity risk management practices on performance of insurance sector. A desktop literature review was used for this purpose. Relevant seminal references and journal articles for the study were identified using Google Scholar. The inclusion criteria entailed papers that were not over ten years old. According to the findings, detected cyber risks need to be properly addressed in order to prevent secondary impacts that lead to vulnerabilities that interfere with the life of insurance institutions and the well-being of their customers. In addition, the study concluded that insurance industry performance can be improved through the implementation of cybersecurity risk management practices. Since it has been found that cybersecurity risk management strategies have a positive and significant impact on the performance of the insurance sector, the research recommends that insurance companies increase their use. Additionally, financial institutions ought to have funds set aside specifically for the purpose of facilitating the retention of risks, in the event that these risks actually materialize. In addition, the research suggests that insurance companies reorganize their product lines or establish premiums that are competitive in order to reduce the threat posed by their rivals and, as a result, prevent the loss of customers to those rivals. The research further suggest that insurance companies adopt appropriate product pricing in line with estimated risk, as this will ultimately lead to increased profitability.

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“…Besides the competitive strength of a financial institution lies the power to control the risk of loan repayment therefore SACCOs need to revise and strengthen their loan delinquency management strategies to stand a better position towards financial performance by gearing and streamling their loan collection procedures (Kamau, 2015).…”

Section: Introductionmentioning

confidence: 99%

“…In Uganda, a good number of SACCOs have faced financial performance challenges due to the fact the managing loan delinquency and other associated credit risks have failed among which loan collection procedures have not been given much consideration (Kamau, 2015) in other developing countries with concern to the operation of SACCOs have not waited to see SACCOs struggling financially other than bailing them out a case in a point is Tanzania and Rwanda have set good examples of financially helping the SACCOs putting into consideration their financial literacy provision to the natives (Ndiege et al, 2016) for the case of Uganda particularly SACCOs in Mbarara city, financial performance has continuously been registered due to poor loan recovery caused by the inefficiency in implementing the loan delinquency management strategies particularly loan collection procedures ( commercial officers' SACCO business status report 2019).…”

Section: Introductionmentioning

confidence: 99%

Loan Collection Procedures and Financial Performance of Saccos in Mbarara City

Watsema

Agume

Arthur³

2023

J. dev. educ. technol.

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The study flexed off to establish whether a relationship occurs amid loan collection procedures and financial performance of SACCOs in Mbarara City. This undertaking championed a non-experimental crosssectional research design with both descriptive and analytical styles where mixed method approach was used to collect and analyse data. The undertaking gathered quantitative data from 109 participants using questionnaires. Questionnaires were used to gather quantitative data which was then put into a data management tool, statistical package for social scientists’ version 20 for further description and inferences. The tool was then used to output a descriptive presentation and Pearson correlation coefficient mounted employed to ascertain statistical significance between the loan collection procedures besides financial performance of SACCOs in Mbarara city. The undertaking findings uncovered a slight positive connection amid loan collection procedure besides financial performance of SACCOs (r=0.259, p<0.001). Qualitative data was obtained by use of an interview guide that were subjected to the SACCO managers to give deep insight concerning the variables being undertaken. This undertaking resolved that loan collection procedures positively influences SACCOs’ financial performance. The undertaking commends SACCOs towards adopting unique revised loan collection procedures if the collections are to be realized on the agreed time as per the loan contract to ensure better loan performance hence improving the financial performance of the SACCOs.

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Financial Risk Management and Performance of Savings and Credit Cooperative Societies in Nairobi City County, Kenya

Cited by 11 publications

References 2 publications

Discussing the Construction of a Budget Management System Combining Multimedia Technology and Financial Risk Management

Discussing the Construction of a Budget Management System Combining Multimedia Technology and Financial Risk Management

Effect of cybersecurity risk management practices on performance of insurance sector: A review of literature

Loan Collection Procedures and Financial Performance of Saccos in Mbarara City

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