EFFECT OF COST PUSH INFLATION ON FINANCIAL PERFORMANCE OF SACCOS IN ELDAMA RAVINE SUB COUNTY, KENYA [ READ ]
Gikono Kipkorir Kiptoo, Dr. Daniel M. Wanyoike
The purpose of the study was to assess the effect of cost push inflation on financial performance of SACCOs in Eldama Ravine Sub County, Kenya. The study was based on a descriptive design. Data was collected by a structured questionnaire and analyzed using descriptive and inferential statistics with the aid of SPSS version 21. The target population of the study comprised 150 Board members, the SACCOs’ unionizable staff and management staff. Stratified random sampling was used to obtain a sample size of 107 respondents. From the analysis, the study found that cost push inflation had an influence on the financial performance of SACCOs. However, there was a weak relationship between financial performance of SACCOs and cost push inflation. The study revealed that a unit increase in cost push inflation would lead to a slight increase in financial performance indicating that there was a positive weak relationship between financial performance of SACCOs and cost push inflation.
Gikono Kipkorir Kiptoo, Dr. Daniel M. Wanyoike
The purpose of the study was to assess the effect of cost push inflation on financial performance of SACCOs in Eldama Ravine Sub County, Kenya. The study was based on a descriptive design. Data was collected by a structured questionnaire and analyzed using descriptive and inferential statistics with the aid of SPSS version 21. The target population of the study comprised 150 Board members, the SACCOs’ unionizable staff and management staff. Stratified random sampling was used to obtain a sample size of 107 respondents. From the analysis, the study found that cost push inflation had an influence on the financial performance of SACCOs. However, there was a weak relationship between financial performance of SACCOs and cost push inflation. The study revealed that a unit increase in cost push inflation would lead to a slight increase in financial performance indicating that there was a positive weak relationship between financial performance of SACCOs and cost push inflation.
