The Effect of Retiree Financial Resources on the Performance of Micro and Small Enterprises in Murang’a Township
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Date
2022Author
Lenjo, Scholastica M
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Using the continuity theory as a lens, this study recognizes that retirement is not the end of
working for retirees. Retirees establish continuity in their lives through MSEs. The focus of the
study was the effect of retirees’ financial resources on the performance of micro and small
enterprises in Murang’a Township. The objectives were to assess the characteristics of retireeowned
MSEs in Murang’a Township; to examine the relationship between retiree’s financial
resources and the performance of their post-retirement businesses in Murang’a Township and to
determine the challenges of retiree-owned MSEs in Murang’a Township. The study used a
descriptive cross-sectional approach. The retirees were identified through non-random sampling
and therefore the findings of this study cannot be generalized to a larger population. The study
findings determined that there were more male business owners than female ones. The highest
level of education by a majority of the retirees was completing secondary school and the agegroups
of the retirees were between 55-84 and 85 and over. To examine the relationship between
retiree financial resources and the performance of micro and small enterprises, the chi-square test
of independence was carried out in order to avoid assumptions of normality. The results show that
there is no relationship between retiree financial resources and the performance of micro and small
enterprises in Murang’a Township. The study used non-financial performance measures for there
is no empirical evidence of preferring financial over non-financial performance measures. The
study concluded that in fact, performance measures vary depending on the individual
entrepreneurs’ objectives. The findings point out that almost all the retirees’ sampled considered
their business an absolute success even though the motives for starting the business varied from
one individual to the other.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
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