The Effect of Business Environment on Investment among Financially Included Youth in Kenya
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 4
Abstract
The importance of financial inclusion in reducing poverty and achieving inclusive growth through household investments cannot be gainsaid. This has seen countries spend huge amount of resources towards financial inclusion. Due to these efforts, Kenya has achieved high levels of financial inclusion. Unfortunately, the poverty levels are still high and unemployment has been increasing. The purpose of this study was to find out the effect of business environment on investment among financially included youth in Kenya. The study population was Kenyan youth from Kirinyaga and Nyeri Counties. The study used a descriptive survey research design where sample size was 463 respondents. A questionnaire was used to collect the data. A test of the full model against constant only model was statistically significant, indicating that predictors as a set reliably distinguished between investors and non-investors (chi square =23.945, p =.000 with df =4). The Wald criterion demonstrated that Government Services, and Governance and Security were negatively related to investment and statistically significant, but Business Registration and Tax Procedure though negatively related to investment were not statistically significant. The government should put mechanisms in place that will improve business environment of the youth. With the implementation of the recommendations, youth will be able to undertake advantage of financial inclusion.
Authors and Affiliations
Richard M. Kiai, Stephen I. Ng’ang’a, David N. Kiragu, Josphat K. Kinyanjui
Keywords
Related Articles
- EP ID EP123404
- DOI 10.6007/IJARAFMS/v6-i4/2327
- Views 65
- Downloads 0
Benefits of Working in a Team on the SMEs
An organization is one in which individuals have the knowledge, skills, personality and desire to achieve personal success which lead, in a way the collective success of the organization. Benefits of teamwork in the SMEs...
Assessing Financial Openness and Access to Credit Facilities: The Case of Banks in Ho, Ghana
Environmental Disclosures on the Internet: An Exploratory Study
Environmental disclosure (ED) is now considered to be a ‘key’ medium through which to communicate a corporations ‘environmental’ performance to its stakeholders. The rapid growth of ‘Internet’ technology has created the...
The Role of Geothermal Energy in the Cooling and Heating Systems
The uninterrupted growth of energy consumption of developed and developing countries, the gradual and rapid depletion of fossil fuel reserves, the repeated political and financial crisis, consequently leading to a rise i...
Black-Scholes Models with Inherited Time and Price Memory
In this study, we examine three Black-Scholes option pricing models with inherited time and assess price memories. In other words, we take into consideration the reliance of these models on both the current state and the...