Browsing by Author "Etengu, Robert Oguti"
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Item Effect of Corporate Disclosure on Earnings Management Among Listed Firms At The Uganda Securities Exchange: A Critical Evaluation and Literature Survey(European Journal of Accounting, Auditing and Finance Research, 2019) Etengu, Robert Oguti; Olweny, Tobias O.; Oluoch, Josephat O.The primary purpose of this paper is to critically examine literature on the effect of corporate disclosure on earnings management among listed firms at the Uganda Securities Exchange. We discuss some background information on the interlinkages between corporate disclosure and earnings management. We also explore some of the theories available in literature on corporate disclosure and earnings management. In addition, we critically review extant literature on corporate disclosure and earnings management, highlight the research gaps, provide a justification for novelty of the paper and draw a conclusion. The paper is also expected to make a significant contribution to knowledge by shedding light on the effect of CD on EM, particularly in the context of a developing country.Item Financial Management Practices and the Growth of Small and Medium-Sized Enterprises in Uganda: A Case of Small and Medium-Sized Enterprises in Lira City(Lira University, 2021) Aonyi, Robert; Etengu, Robert Oguti; Okite, Sarah ApioBackground: The purpose of this study was to examine the effect of financial management practices on the growth of small and medium-sized enterprises in Uganda focusing on small and medium-sized enterprises in Lira City as a case study. Specifically, the study sought to: determine the effect of working capital management on the growth of small and medium-sized enterprises in Lira City, establish the effect of the investment decision on the growth of small and medium-sized enterprises in Lira City and examine the effect of financing decision on the growth of small and medium-sized enterprises in Lira City. The target population for the study was 358 SMEs in the two divisions of Lira City. The study sample comprised of 235 representatives of SMEs in Lira City Methods: Data was analyzed using descriptive statistics, correlation analysis and regression analysis. Findings: The findings of the study revealed a positive significant effect of working capital management on the growth of small and medium-sized enterprises in Lira City (coef. 0.437, p <0.01). Secondly, the results on the effect of financing decision on the growth of small and medium-sized enterprises in Lira City further revealed a positive significant effect (coef. 0.308, p <0.01). Thirdly, the effect of investment decision on the growth of small and medium-sized enterprises in Lira City was found to be negative and insignificant (coef. -0.031, >0.01). Finally, the results of multiple linear regression yielded an adjusted R square value of 0.462, which meant that the financial management practices contribute about 46% to the growth of small and medium-sized enterprises in Lira City. Recommendations: Based on the above findings, the study recommends that owners and managers of SMEs should put more emphasis on working capital management and the financing decision to improve on the growth of their firms.Item Head Teachers’ Management Styles and Teachers’ Performance in Primary Schools in Northern Uganda: A Case of Government Aided Primary Schools in Alebtong District(Lira University, 2022) Olwa, Denis; Etengu, Robert OgutiBackground: This study examined the effect of management styles on teachers’ performance in Alebtong District. Specifically, the study looked at the effect of autocratic management style, democratic management style and laissez faire management styles on teachers’ performance in Alebtong District. Methods: The study used a sample of 196 staff drawn from a population of 409. The study adopted a cross-sectional survey design and employed a quantitative approach. The data was tested for validity and reliability and analyzed using SPSS version23 in form of descriptive statistics, correlations and regressions. Findings: The findings of the study revealed firstly, that autocratic management style had a positive significant effect (Adjusted R Square=27.6%, p<0.05) on performance of teachers in Alebtong District. Secondly, democratic management style had a positive significant effect (Adjusted R Square=54.3%, p>0.01) on performance of teachers in Alebtong District. Thirdly, the examination of the effect of laissez faire management style on teachers’ performance in Alebtong district revealed a negative and statistically insignificant effect (Adjusted R Square=-0.001, p>0.01). Recommendations: Based on the findings of this study, it is recommended that management of schools in Alebtong District should adopt the management style which can help improve on the performance of teachers in the district. Keywords: Management Styles, and PerformanceItem Internal Control System and Financial Accountability in District Local Government of Lango Sub-Region: A case of Lira District Local Government(Lira University, 2021) Atimango, Silvia; Etengu, Robert OgutiThis study examined the effect of internal control system on financial accountability in district local governments of Lango Sub- Region focusing on Lira District Local Government as case study. Specifically, the study determined the effect of control activities on financial accountability in Lira District Local Government, ascertained the effect of control environment of financial accountability in Lira District Local Government. The study adapted a descriptive research design and employed both qualitive and quantitative approaches to collect and process data. The study considered staff in the four divisions and the eight sub counties of Lira District Local government. A sample of 112 respondents was selected from a population of 156 respondents using both simple and random purposive sampling techniques. The researcher collected quantitative data using the questionnaire method and qualitative data using interview methods. Quantitative data were analyzed using descriptive statistics, correlational and regression analyses. The qualitative data from the interviews were categorized and presented as direct verbatim. The findings revealed positive and significant effect of control environment and monitoring controls on financial accountability while control activities had negative and insignificant effect on financial accountability in Lira District Local Government. The study concluded that internal control system account for 55% of the Virat ions in financial accountability in Lira District Local Government should take their supervisory role seriously and ensure cross checking all transactions for accurate reporting. Lira District Local Government emphasize on ensuring that the control activities of the local government council are carried out in accordance with established standards to improve financial accountability.Item Internal Control System and Financial Management in Government Secondary Schools of Northern Uganda: A Case of Government Secondary Schools.(Lira University, 2021) Okello, Moses; Etengu, Robert Oguti; Hagobi, Nathan HasahyaThe purpose of this study was to demonstrate the effect of internal control system on financial management in government secondary schools of Northern Uganda using secondary schools in Lira City as a case study. The study established the effect of control environment on the financial management in government secondary school in Lira City, assessed the effect of control activities on financial management in government secondary schools in Lira City and examined the effect of information and communication on financial management in government secondary schools in Lira City. The study adopted a cross-sectional survey design which used primary data obtained using self-administered questionnaire (SAQ) and interview guide. Data was collected from a sample of 82 respondents, analyzed in term of descriptive statistics, correlation and regressions using SPSS version 23.0. Cronbach’s alpha was computed to test reliability of questionnaire tool and found to be 84.5% while the research supervisors were used to clean up the content validity of the tools. The findings of the study revealed that control environment affect financial management with (an adjusted R2=55%, p- value < 0.05) at 95% level of significance. Secondly, the effect of control activities on financial management produced and adjusted R2 of about 54.5% and a p- value less than 0.05 at 95% level of significance. This indicate that control activities affect financial management. Finally effect of information and communication on financial management yielded an adjusted R2 of about44% with p-value less than 0.05. However, the multivariant regression results produced a beta value of 0.167 and a sig. value of 0.162on this relationship which implied on effects between information and communication control and financial management.Item Internal Control System and Financial Performance of Small and Medium Enterprises in Lira City(Lira University, 2021) Odyek, Evelyn Ruth; Etengu, Robert OgutiThis study sought to examine the effect of internal control system on the financial performance of small and medium enterprise in Lira City. Much as Uganda is renowned internationally for its entrepreneurial flair and is ranked as one of the most entrepreneurial nations not only in Africa, but in the world (GEM Report,2004), it is puzzling to note that there is remarkably high failure rate of SMEs in Uganda and hence suggesting these enterprises rarely grow to their full potential (Hatega, 2007); The specific objective of the study was to examine the effect of control environment, risk assessment and control activities on the financial performance of small and medium enterprise in Lira City. The study employed cross-sectional survey research design. The target population for this study comprised 100 managers and owners of small and medium enterprises in the service sector in Lira City. A comprehensive self-administered questionnaire was used to collect primary dat. This was supplemented with the use of interview guide. The quantitative data collected using the questionnaire was coded to facilitate analysis using Statistical Package for Social Scientists (SPSS) Version 23 in form of descriptive and inferential statistics. Descriptive statistics involved the use of frequencies, means, standard deviations and coefficient of variation. Inferential statistics involved the use of both correlation and regression analysis. The findings of the study revealed a significant effect of control environment (β =0.717, p < 0.05), risk assessment (β = 0.559, p < 0.05), and the control activities (β =0.756, p < 0.05) on the financial performance of small and medium enterprises in Lira City. The study is insightful in evaluating the effect of internal control system on performance. The study recommends for the strengthening of the risk assessment processes in small and medium enterprises in Lira City given the role it plays in highlighting firm-level inherent and control risks that amount to material misstatement in financial statements.Item Internal Corporate Governance Mechanism and Firm Financial Performance: A Case of Listed Commercial Banks at The Uganda Securities Exchange(Lira University, 2021) Oder, Joshua; Etengu, Robert Oguti; Ejang, MaryThe study empirically examined the effect of internal corporate governance mechanism on the financial performance of listed commercial banks at the Uganda Securities Exchange. In particular, the study sought to: (1) establish the effect of board of directors on the financial performance of listed commercial banks at the Uganda Securities Exchange; (2) assess the information of audit committee on the financial performance of listed commercial banks at the Uganda Securities Exchange; and (3) examine the effect of ownership structure on the financial performance of the listed commercial bank at the Uganda Securities Exchange. The study employed ex-post facto research design using a combination of cross-sectional and time series data. Through the quantitative approach, the study examined balance panel data of five listed commercial banks at the Uganda Securities Exchange for a period of seven financial years (2012-2018). The study used mainly secondary data relating to corporate governance variables, firm financial and market performance that was collected manually from the annual reports of listed commercial banks. Primary data rating to internal corporate governance mechanisms and financial performance was also collected through interviews in order to supplement the secondary data. Analysis was done inform of descriptive statistics, correlations and regressions using STATA 14. The study found firstly and foremost that the board of directors does not significantly affect the financial performance of listed commercial banks at the USE as measured by return on equity (ROE) and Tobin’s Q (-ratio). Secondly and on the basis of the statistical results of the second hypothesis, the study found that the audit committee does not significantly affect the financial performance of listed commercial banks at the USE as measured by ROE and the Q-ratio. The study recommends the strengthening of the board of directors and the audit committees of the listed commercial banks so as to ensure that they provide adequate and sufficient time to pressing and current issues rating to their banks. In addition, government and policy makers should create an environment that encourages balanced investment for all the investors of especially the local banks irrespective of their nationality so that the ownership of these banks does not only grow among a few individual investors and companies but rather spread out reasonably to diversify and attract skills and companies to improve their financial performance. Moreover, the regulatory bodies like the capital markets authority (CMA) should mandate the corporate governance regulations in Uganda to further improve the financial performance of listed commercial banks.Item Inventory Management Practices and Financial Performance of Manufacturing Firms in Lira City(Lira University, 2023) Odoch, Geoffrey; Etengu, Robert OgutiBackground: The purpose of this study was to examine the effect of inventory management practices on the financial performance of Manufacturing Firms in Lira City. The research was conducted in three manufacturing firms of Mount Meru Millers (U) Ltd, Mukwano Group of Companies and Nile Agro Industries Ltd. Specifically, the study sought to investigate the effect of ABC analysis inventory management practices on financial performance, establish the effect of fixed order quantity inventory management practices on financial performance and determine the effect of vendor managed inventory on the financial performance of manufacturing firms. Methods: The study employed cross sectional research design and employed quantitative approaches from a sample size of 129 respondents that was drawn using Krejcie & Morgan (1970). The reliability and validity were determined using Cronbach’s Alpha to ensure quality control. Manufacturing firms apply various techniques in the management of their inventories. Manufacturing firms that efficiently apply these practices have an excellent financial performance. The primary data was collected using structured questionnaires administered to the respondents. Descriptive statistics was used to test the extent of inventory management practices. Correlation and regression analysis were used to determine the nature and magnitude of the relationship among inventory management variables. Findings: The results indicate that VMI (beta=0.101, p value<0.01), ABC (beta=0.308), p<0.01 and FOQ (beta=0.208, p=0.001) have significant effect on financial performance of manufacturing firms. Conclusions: Based on the findings, the study concluded that inventory management practices are very important to the financial performance of manufacturing firms. Recommendations: The study therefore recommended that manufacturing firms should develop the framework to facilitate implementation of best inventory management practices. Key words: Inventory Management Practices, Manufacturing Firms and Financial Performance.