EFFECT OF RISK IDENTIFICATION ON PERFORMANCE OF FINANCIAL INSTITUTIONS | Zendy

Fredrick Kiprop Lagat | Zendy; Joel Tenai | Zendy

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EFFECT OF RISK IDENTIFICATION ON PERFORMANCE OF FINANCIAL INSTITUTIONS

Author(s) -

Fredrick Kiprop Lagat,

Joel Tenai

Publication year - 2017

Publication title -

international journal of business strategies

Language(s) - English

Resource type - Journals

ISSN - 2519-0857

DOI - 10.47672/ijbs.283

Subject(s) - identification (biology) , stratified sampling , descriptive statistics , sample (material) , product (mathematics) , sample size determination , simple random sample , population , actuarial science , pearson product moment correlation coefficient , accounting , statistics , business , finance , mathematics , medicine , environmental health , botany , chemistry , geometry , chromatography , biology

Purpose : The purpose of the study was to determine the effect of risk identification on performance of financial institutions. Methodology : The study used explanatory research design. The study used stratified random sampling to select respondents from target population comprising of managers of 46 commercial banks, 52 Micro Finance institutions (MFIs) and 200 SACCOs and a sample size of 239 respondents obtained. Data was collected using questionnaires. Descriptive statistics was presented, while inferential statistics was done using Pearson product moment correlation. Results: From the model results, the risk identification (β=0.026) was not significantly related to financial performance. Unique contribution to theory, practice and policy : The study recommends regulators to consider and appropriately legislate risk identification practices to enhance performance of financial institutions.

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