Browsing by Author "Dr. Agnes Njeru"

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    Investment Management Structure Choice Among Insurance Companies in Kenya
    (International Journal of Economics, Business and Management Research, 2020) Rogers Kinoti M’ariba; Dr. Agnes Njeru
    The choice of the investment management structure to adopt is a critical first step in the investment management decision making process. Using a mixed methods approach, this paper explores the influence of investment efficiency and firm size as possible antecedents of this investment decision making among insurance companies in Kenya. Investment management structures were dichotomized into in house management and delegation. The study considered the forty six (46) companies licensed to undertake insurance and reinsurance business in Kenya in 2017. Primary data was collected from the respondents using a self-administered questionnaire while secondary data was collected from regulatory filings and company financial statements. Data processing and analysis was undertaken using a binary logistic regression model in STATA. Results show that in house investment management structure was more prevalent than delegation. Investment efficiency and firm size were found to have a positive influence over firms in favour of delegation. Based on this research it is recommended that insurance companies pay close attention to their investment efficiency needs while taking full cognition of their size as they choose their investment management structures.
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    The Moderating Effect of Business Category on Investment Management Structure Choices among Insurance Companies in Kenya
    (The International Journal of Business & Management, 2020-06-30) M’Ariba R. Kinoti; Dr. Agnes Njeru
    Insurance business is conducted in two broad categories namely general insurance and life insurance. A firm’s business category is an important consideration in making key decisions. This paper examines the moderating effect of firm business category on investment efficiency, firm size and market influence as antecedents of the choice of the investment management structure to adopt. The study adopts a descriptive approach relying on a binary logistic regression model. The study sample consisted of forty-six (46) companies licensed to undertake insurance and reinsurance business in Kenya in 2017. Both primary and secondary data were collected. Data processing and analysis was undertaken using STATA. The study findings indicate that business category is not a statistically significant factor moderating the influence of the other predictor variables in the investment management structure choices of firms although it had the effect of amplifying or diminishing their importance. It is recommended that insurance companies must be cognizant of their business category effects but need not factor it in their decisions on the investment management structures to adopt.