Theses (Ph.D)
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Welcome to the Department of Accounting and Finance collection, dedicated to archiving and showcasing Ph.D. theses authored by esteemed members of our academic community, including both faculty and students in the School of Business (SoB). Here, you will find a wealth of scholarly works representing the culmination of rigorous research, innovative thinking, and academic excellence in the fields of accounting and finance. These theses reflect the depth of expertise and intellectual contributions of our scholars, shaping the discourse and advancing knowledge in our field. We invite you to explore this repository and engage with the cutting-edge research emerging from the vibrant academic community at Mzumbe University.
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Browsing Theses (Ph.D) by Subject "Financial sustainability"
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Item Determinants of technical efficiency and financial sustainability of small scale sunflower oil processing firms in Tanzania(Mzumbe University, 2019) Njiku, Anastasia R.Technical Efficiency (TE) and Financial Sustainability (FS) of firms have attracted scholarly attention in both developed and developing world literature over several decades, since they are necessary conditions for maximizing output and institutional permanence respectively. However, little attention has been paid to small scale agroprocessing firms’ context in developing economies like Tanzania. Sunflower oil agroprocessing firms are of no exception as the sub-sector is dominated by small scale firms with no well documented determinants of TE and FS. To bridge this knowledge gap, this study was set to examine the determinants of TE and FS of sunflower oil processing firms (SOPF) in Dodoma and Singida regions. Firm level cross-sectional data were collected using a questionnaire from 219 SOPF randomly selected, in which firm owners were purposively selected. Nine key informants were likewise purposively selected for a qualitative follow-up interview. One Stage Stochastic Frontier Analysis (SFA), Standard and Hierarchical Multiple Linear Regression models were used to simultaneously estimate TE levels and their determinants, and to study the influence of TE on FS and firm-specific factors on FS of SOPF respectively. It was found that location of the firm, sole proprietorship form of ownership, firm age, education level and age of the owner contribute significantly to TE. Besides, TE, location and firm size contribute significantly to FS of SOPF in Tanzania. The obtained findings imply that, firms located along the highways, individually owned firms, youth-owned firms, newly established firms and firms with educated owners are more technical efficient than their counter parts. Moreover, location of the firm is a key determinant for both TE and FS of SOPF. TE is a necessary condition for the firm’s FS. Firms’ owners, the government and other agencies in the sector should therefore consider clustering firms in the designed industrial locations for easy accessibility of inputs and support services for standard conformity, nurturing entrepreneurial aspirations in tender age and improving TE is a pre-requisite for financial sustainability of SOPF in Tanzania.Item Financial sustainability of rural microfinance institutions (MFIs) in Tanzania(University of Greenwich (London), 2010) Nyamsogoro, G. DanielAbstract An enduring problem facing microfinance institutions is how to attain financial sustainability. Several studies have been conducted to determine the factors affecting financial sustainability of microfinance institutions using large and well developed MFIs in various countries. However, no such study has been conducted in rural Tanzania where majority of MFIs are small, most of which are member-based (cooperatives). Consequently, the factors affecting their financial sustainability are not known. This study, therefore, was set to bridge this knowledge gap. This study followed a quantitative research approach using panel data regression as the main data analysis technique. The study was based on four years primary and secondary data obtained from 98 sampled rural MFIs in Tanzania. We found that microfinance capital structure, interest rates charged, differences in lending type, cost per borrower, product type, MFI size, number of borrowers, yield on gross loan portfolio, level of portfolio at risk, liquidity level, staff productivity, and the operating efficiency affect the financial sustainability of rural microfinance institutions in Tanzania. The study makes the following key contributions to knowledge in addition to determining factors affecting financial sustainability of rural microfinance institutions in Tanzania: First, the study reveals that there exists simultaneous causality relationship between financial sustainability and breadth of outreach. When this relationship is not considered in determining factors affecting financial sustainability there may be inconsistent evidence on the existence of mission drift. Second, it unveils the trade-off between financial sustainability and breadth of outreach with regards to the minimum loan size when group lending is used. That is, larger loan size, while improves profitability, reduces the breadth of outreach. Third, the study provides empirical evidence that the impact of a particular lending type on microfinance institution‟s profitability will depend on the term to maturity and number of instalments reflected in its lending terms. Fourth, consistent with the institutionists‟ view, the study provides empirical evidence that financial sustainability of microfinance institutions improves their breadth of outreach. Lastly, the study documents the applicability and limitations of previous studies to rural microfinance institutions in Tanzania.