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The Effect of Credit Information Sharing on Profitability of Commercial Banks in Kenya and a Descriptive Research Design Was Used

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The Effect of Credit Information Sharing on Profitability of Commercial Banks in Kenya and a Descriptive Research Design Was Used THE EFFECT OF CREDIT INFORMATION SHARING ON PROFITABILITY OF COMMERCIAL BANKS IN KENYA BY KARIUKI JOSPHINE WANGARI D61/81289/2015 A RESEARCH PROJECT SUBMITTED IN PARTIAL FUFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINSTRATION SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI NOVEMBER 2017 DECLARATION I hereby declare that this research project is my original work and has not been presented in any other university or institution of higher learning before. Signed…………………………………………… Date……………………………… Kariuki Josphine Wangari D61/81289/2015 This research project has been submitted for examination with my approval as the University of Nairobi Supervisor. Signed…………………………………………… Date……………………………… Dr. Kennedy Okiro Lecturer, Department of Finance and Accounting School of Business, University of Nairobi ii ACKNOWLEDGMENT First, I wish thank the almighty God for life and knowledge which enabled me to undertake this research project. I would also wish to express my sincere gratitude to my supervisor Dr. Kennedy Okiro for the guidance and encouragement during this project. Finally, I wish to thank my family, friends and colleagues for their support during execution of this project. Special gratitude to my parents for the financial support and being there for me during the entire time. iii DEDICATION I dedicate this research project to my loving parents and siblings for the support, encouragement and prayers during the entire period of my study. God bless you. iv TABLE OF CONTENT DECLARATION .......................................................................................................... ii ACKNOWLEDGMENT ............................................................................................. iii DEDICATION .............................................................................................................. iv LIST OF TABLES .......................................................................................................vii LIST OF FIGURES ................................................................................................... viii LIST OF ABBREVIATIONS ....................................................................................... ix ABSTRACT ................................................................................................................... x CHAPTER ONE: INTRODUCTION ........................................................................... 1 1.1 Background of the Study ...................................................................................1 1.1.1 Credit Information Sharing ..............................................................................2 1.1.2 Profitability .....................................................................................................3 1.1.3 Credit Information Sharing and Profitability ....................................................4 1.1.4 Commercial Banks in Kenya ...........................................................................6 1.2 Research Problem ..............................................................................................7 1.3 Research Objective ................................................................................................9 1.4 Value of the Study .............................................................................................9 CHAPTER TWO: LITERATURE REVIEW ............................................................ 10 2.1 Introduction ......................................................................................................... 10 2.2 Theoretical Review .............................................................................................. 10 2.2.1 Credit Rationing Theory ................................................................................ 10 2.2.2 Moral Hazard Theory .................................................................................... 11 2.2.3 Adverse Selection Theory ............................................................................. 12 2.2.4 Credit Market Theory .................................................................................... 13 2.3 Determinants of Profitability ................................................................................ 14 2.3.1 Credit Information Sharing ............................................................................ 14 2.3.2 Interest Rates................................................................................................. 14 2.3.2 Capital Adequacy .......................................................................................... 15 2.3.3 Asset Quality................................................................................................. 15 2.3.4 Liquidity ....................................................................................................... 16 2.3.5 Macroeconomic Factor .................................................................................. 16 2.4 Empirical Review ................................................................................................ 17 2.5 Summary of Literature Review ............................................................................ 20 v 2.6 Conceptual Model ................................................................................................ 21 CHAPTER THREE: RESEARCH METHODOLOGY ............................................ 23 3.1 Introduction ......................................................................................................... 23 3.2 Research Design .................................................................................................. 23 3.3 Population and Sample of the Study ..................................................................... 23 3.4 Data Collection .................................................................................................... 24 3.5 Data Analysis ....................................................................................................... 24 3.5.1 Test of Significance ....................................................................................... 25 CHAPTER FOUR: DATA ANALYSIS, RESULTS AND DISCUSSION................. 26 4.1 Introduction ......................................................................................................... 26 4.2 Descriptive Statistics ............................................................................................ 26 4.3 Trend Analysis ..................................................................................................... 27 4.3 Correlations Analysis ........................................................................................... 30 4.4 Regression Analysis ............................................................................................. 31 4.5 Discussion of Findings ......................................................................................... 34 CHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS . 37 5.1 Introduction ......................................................................................................... 37 5.2 Summary of Findings ........................................................................................... 37 5.3 Conclusions ......................................................................................................... 39 5.4 Policy Recommendations ..................................................................................... 40 5.5 Limitations of the Study ....................................................................................... 41 5.6 Suggestions for Further Study .............................................................................. 41 REFERENCES ............................................................................................................ 42 APPENDICES ............................................................................................................. 46 Appendix I: List of Commercial Banks ...................................................................... 46 Appendix II: Return on Assets ................................................................................... 48 Appendix III: Credit Information Sharing .................................................................. 50 Appendix IV: Volume of Lending.............................................................................. 52 Appendix V: Non Performing Loans .......................................................................... 54 Appendix VI: Specific Loans Provision ..................................................................... 56 Appendix VII: Interest Rates...................................................................................... 58 Appendix VIII: NPL/Gross Loans Ratio .................................................................... 60 Appendix IX: Specific/Gross Loans Ratio.................................................................. 62 vi LIST OF TABLES Table 4.1: Correlations Analysis .................................................................................... 30 Table 4.2: Model Summary ........................................................................................... 31 Table 4.3: Analysis of Variance ..................................................................................... 32 Table 4.4: Regression Model Coefficients...................................................................... 33 vii LIST OF FIGURES Figure 2.1: Conceptual Framework ...............................................................................
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