Journal Articles

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Browsing Journal Articles by Author "Mwidege, Asheri M."

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    Financial Management Practices on Growth of Business Enterprises in Mbinga District, Tanzania
    (Mbeya University of Science and Technology, 2024-09-30) Mwidege, Asheri M.; Nyigu, Christopher
    A robust financial management system forms the foundation for business growth and long-term survival. However, there is limited information on the financial management practices that contribute to business growth in the Mbinga district. This study examined financial management and working capital management practices. A semi quasi experimental research design was employed, utilizing questionnaires distributed to a sample of 62 business owners. Descriptive statistics were analyzed using the SPSS package. The results indicated that 41.9% of business enterprises employed working capital management practices, while 24% used capital structure management practices. Financial management practices were found to enhance management efficiency with a mean score of 3.74, increase the availability of capital with a mean score of 3.61, and improve operational margins with a mean score of 3.56. The study concluded that financial management practices are crucial for business growth and recommended their implementation. The study also found that capital structure management practices were applied to a lesser extent, although businesses showed an understanding of balancing debt and equity for financial sustainability. These findings suggest that the effective implementation of financial management practices is crucial for the growth and performance of businesses in the district. The study concludes that the integration of sound financial management practices contributes to better financial decision-making, risk mitigation, and resource optimization, leading to business expansion and sustainability. From a policy perspective, the study recommends that regulators and stakeholders encourage firms to leverage debt financing due to its associated tax benefits and advantages for financial sustainability. Theoretically, the findings underscore the relevance of agency theory in understanding the dynamics between managers and shareholders, and the principle of optimal capital structure in maximizing firm value. These insights provide a foundation for future research and practical interventions aimed at improving financial management practices in similar contexts.
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    What Accounts for Graduates Intentions of Being Self Employed? An Evidence of Mbeya University of Science and Technology and Teofilo Kisanji University, Tanzania.
    (IJMT, 2024-07) Mwidege, Asheri M.; Ngimba, Christopher
    It has been recognized that the route for young graduates from tertiary universities to the labor market is far from straightforward. However, little is known on what accounts for graduates intentions of self employment. This study therefore, assessed factors that account for graduates intentions to self employment along their specializations. This study employed quasi experimental approach and stratified purpose sampling plan to select finalist students from both Mbeya University of Science and Technology and Teofilo Kisanji University. Closed ended questionnaires were used to collect cross sectional data in which 388 students were interviewed. Descriptive statistics and non parametric approaches were methods for data analysis. Survey findings showed that there were an increase of interviewed respondents to become self employed from 29.4% to 39.7% before and after university studies. Also, there were an increase of respondents from 18.3% to 47.7% and 9.3% to 36.9% in business and technician activities accordingly before and after graduation. It is therefore concluded that specialization accounts for 32.7% and 100% to self employment and activities of graduates’ intentions, respectively. Thus, it is recommended that universities should associate specializations with self employment.