The impact of name change on the financial performance of savings and credit co-operatives in Kenya

Mathuva, David; Muthuma, Elizabeth Wangui; Kiweu, Josephat Mboya

doi:10.1108/mrr-04-2015-0097

Cited by 8 publications

(13 citation statements)

References 41 publications

(157 reference statements)

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“…The discrepancy between the high number of member-level impact studies and fewer cooperative-level studies is remarkable. This can be attributed to, first, the complexity of data collection as exemplified in some recent cooperative-level studies in the African context that use smaller samples (Mathuva, 2016;Mathuva et al, 2016;Sisay et al, 2017;Wouterse and Francesconi, 2016). Secondly, at member-level, it might be easier for researchers to find a proxy for the counterfactual.…”

Section: Introductionmentioning

confidence: 99%

Exploring variability across cooperatives: economic performance of agricultural cooperatives in northern Ethiopia

Sebhatu

Gezahegn

Berhanu

et al. 2021

IFAM

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The number of agricultural cooperatives increased quickly in Ethiopia since the 1990s. While many papers studied the impact of membership of Ethiopian cooperatives, not much is known on their performance. This study takes a cooperative-level perspective which is unique in an African context. It compares the economic performance proxied by sales revenue and profit of a wide range of agricultural cooperatives in northern Ethiopia. Data were collected from 511 agricultural cooperatives in 12 districts of Tigray. The contributing factors of the performance are analyzed with Ordinary Least Squares regression (OLS) and Heckman selection models. Our results underscore the importance of membership size, total assets, presence of conflict among members, and union membership. Chairperson characteristics and the internal organization of a cooperative seem to be less correlated to performance.

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Section: Introductionmentioning

confidence: 99%

Exploring variability across cooperatives: economic performance of agricultural cooperatives in northern Ethiopia

Sebhatu

Gezahegn

Berhanu

et al. 2021

IFAM

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“…This study also has not used a measure of company performance as a proxy for measuring the long-term impact of a company's name change policy. (Mathuva and Muthuma, 2016) used the measurement of long-term financial performance such as ROA and NPM. (Cole et al, 2015) in his research of the impact of name changes on insurance demand by using a variable income increase (premium) as a measure of financial performance.…”

Section: Discussionmentioning

confidence: 99%

“…In addition, also (Kashmiri and Mahajan, 2015) found that companies that make changes to the name in order to strengthen the company's brand and actively communicate changes in business scope (due to name changes) tend to get higher stock returns. (Mathuva et al, 2016) in its research on the impact of the policy of changing the name of the company on the company's financial performance proves that changes in the name of the company have a positive effect on the company's financial performance.…”

Section: Theoretical Reviewmentioning

confidence: 99%

“…Other studies such as (Mathuva et al, 2016) examined the effect of company name change policies on the company's long-term financial performance. In their research, it is proved that the company's name change policy has a positive impact on the company's long-term financial performance which is proxied by return on assets (ROA) and net profit margin (NPM) variables.…”

Section: Introductionmentioning

confidence: 99%

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Market Reaction On Changes In Corporate's Name On The Indonesia Stock Exchange

Terenggana¹

2019

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The market reaction on changes in corporate's name on the Indonesia Stock Exchange. This study tried to investigate empirically market reaction over the announcement of corporate name changes of companies on the Indonesia Stock Exchange. The market reaction is measured by using abnormal return with a single index model approach. The database of corporate name change announcements on the Indonesia Stock Exchange has obtained from an annual fact book report. The sample of this study consists of the companies that make a name change from 2005 to 2017. Hypothesis test uses one sample t-test. This research's result proves that there was a positive and significant market reaction to the corporate name change announcement. Moreover, This research’s result shows that there was a positive and significant reaction on the corporate name change announcement which is included on major change while at the corporate name change announcement which included on minor change there was no significant market reaction.

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“…In contrast, in the developed markets, a name change might follow an improvement in long-term performance of the firm. Besides, Mathuva, Muthuma, and Kiweu (2016) point out that the positive impact of name change seems to be experienced about four years after the name change in Kenya. Yoon and Park (2015) disclose that firm name changes in Korea are negatively related with discretionary accruals, particularly when the firms change their names due to accumulated losses.…”

Section: Corporate Name or Industry Category Change And Financial Marmentioning

confidence: 98%

Does “Resetting” by Changing Corporate Name or Industry Category Appeals to Institutional Investments?

Huang¹,

Cheng

2020

CMR

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We investigate whether firms changing their names or industry categories once and more than once would affect institutional shareholdings. By utilizing 5,733 observations of the Taiwan Stock Exchange listed firms, we apply multiple regression models firstly and Petersen regression models for further investigation to enhance the robustness of the empirical results. We then disclose several important findings as follows. First, institutional investors might not prefer holding the shares of the firms changing their names more than once. We infer that the performances of the firms changing names more than once might be doubtful. Second, institutional investors might decrease the shareholdings of the firms with industry categories changed. We claim that institutional investors might suspect these firms probably existing corporate governance issues. Besides, we argue that, to our best understanding, this study might fill the gap in the existing literature due to that the issues, firms changing their names or industry categories once or more than once, seem rarely explored in the relevant studies.

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The impact of name change on the financial performance of savings and credit co-operatives in Kenya

Cited by 8 publications

References 41 publications

Exploring variability across cooperatives: economic performance of agricultural cooperatives in northern Ethiopia

Exploring variability across cooperatives: economic performance of agricultural cooperatives in northern Ethiopia

Market Reaction On Changes In Corporate's Name On The Indonesia Stock Exchange

Does “Resetting” by Changing Corporate Name or Industry Category Appeals to Institutional Investments?

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