Earnings Quality and Financial Performance of Deposit Taking Microfinance Institutions in Kenya
DOI:
https://doi.org/10.47604/ijfa.3674Keywords:
Earnings Quality, Financial Performance, Deposit Taking Microfinance InstitutionsAbstract
Purpose: Financial performance ensures deposit taking microfinance institutions operations are sustainable and reach financially marginalized groups in Kenya. Earnings quality is used to measure financial performance of deposit taking microfinance institutions in Kenya as it helps in identifying both strength and weaknesses in financial management and make sure that these institutions are in a position to handle unexpected losses and sustained financial performance. However, deposit taking microfinance institutions in Kenya have been experiencing fluctuating financial performance. This trend may consequently lead to failure of these institutions to raise minimum capital requirement by the Central Bank of Kenya as well as raise ROE. This research sought to establish the effect of earning quality and financial performance of deposit taking micro finance institutions in Kenya.
Methodology: Descriptive research design was adopted by the research. A sample of eight out of a total of fourteen licensed deposit taking MFIs by CBK were used during this pilot research. Secondary data was collected using structured data sheet. This study relied on panel data. The linear relationship was modeled using multiple regression models. Data analysis was performed to sum up quantitative data, using measures of dispersion like mean, median and mode. STATA version 16 was used to perform the analysis, with relevant content presented in figures and tables.
Findings: Findings show only earning quality has a statistically significant effect on financial performance with p value of 0.000.
Unique Contribution to Theory, Practice and Policy: The study used earning theory to explain study objective. The study recommended DTMFIs to prioritize improving earning to improve ROE.
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