文章基本信息

标题：Undoing Performance in Micro Finance Institutions: Reflections on Regulatory Framework in Kenya
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作者：Victor Mwendwa Muithya ; Stephen Muathe PhD ; Godfrey Kinyua PhD 等
期刊名称：The Journal of Entrepreneurial Finance
印刷版ISSN：2373-1753
电子版ISSN：2373-1761
出版年度：2021
卷号：23
期号：1
语种：English
出版社：Pepperdine University
摘要：The performance of Micro Finance Institutions (MFIs) has been affected negatively by the current hypercompetitive economic environment which has been characterised by as unfair competition. Huge losses have been reported among MFIs in Kenya, this has forced MFIs to innovate differently; product, financial, organisational or market innovation. This has not yielded better results. The study sought to establish the moderating effect of the regulatory framework on the relationship between strategic innovation orientation and performance of MFIs using the case of Kenya. The indicators for the regulatory framework were; prudential guidelines, non-prudential guidelines, and government laws. A descriptive and explanatory research design was adopted as the research design with a target population of 13 MFIs from which a sample of 352 respondents was obtained using a proportionate stratified and simple random sampling technique. Both primary and secondary data was collected and analysed using multiple regression model. The regulatory framework was found to have a moderating effect on the relationship between strategic innovation orientation and performance. The findings established that regulatory framework had a moderating effect on the relationship between strategic innovation orientation and performance of MFIs. This informs the importance of regulation and control by regulatory bodies and the government.
关键词：Strategic innovation orientation;regulatory framework;Micro Finance Institutions and Performance