Daystar University Repository
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- A collection of Class Projects and Student articles showcasing innovative ideas and diverse perspectives from our talented student community at Daystar University
- A collection of conference, workshop, seminar, proceedings, and lecture series showcasing diverse topics and cutting-edge research from faculty and staff of Daystar University.
- An archival collection chronicling the institutional history, academic achievements, and diverse heritage of Daystar University.
- A collection of Publications by faculty and staff showcasing research, academic achievements, and institutional insights of Daystar University.
- A collection of Lectures and Speeches from distinguished speakers across various disciplines of Daystar University.
Recent Submissions
The Impact of External Debt on Economic Performance in Nigeria: An ARDL Approach.
(International Academic Journal of Economics and Finance, 2025) Kagwaini, Dorothy Muthoka; Ogonegbu, Elizabeth Ashadi
This study examines the impact of external debt on Nigeria's economic growth between 2010 and 2022. Emphasis is given to rising debt levels from commercial sources (Eurobonds) and bilateral loans (China), which particularly impact economic performance and the country's long-term viability. Debt overhang theory was adopted, while an Auto-Regressive Distributed Lag (ARDL) model was employed utilizing quarterly time-series data. The research examines the relationship between external debt levels and GDP growth, with the exchange rate, inflation and Federal government capital expenditure as control variables. The findings highlighted that while external debt can occasionally stimulate economic growth by financing infrastructure and other developmental projects, the rising costs of debt servicing significantly strain fiscal resources, corroborate the debt overhang theory, and could potentially impede long-term economic growth by consuming a substantial portion of the national budget and limiting public investment. The study contributes to the existing literature by providing empirical evidence of the complex dynamics between external debt and economic growth in Nigeria, offering insights crucial for policymakers to formulate strategies that balance debt management with sustainable economic growth.
The Reality of 4th Industrial Technology on Higher Education Learning
(Journal of Contemporary Issues in Open Distance and E-Learning, 2024) Kagwaini, Dorothy Muthoka; Mwangi, William K.
The fourth Industrial Technology describes a world where the use of digital technology isubiquitous in all spheres of human life. The higher education sector has faced its challenges interms of transformation impact, which seems to be a two edged sword. On one hand, as thefaculty is struggling on how best to maintain quality of education with the demand to adopt and use technology in class. On the other hand, students seem to struggle in concentration if the faculty does not give due attention to them whether on online learning or blended learning. This knowledge gap needed an address, not to jeopardize higher education learning bid to attain the fourth industrial technology. The purpose of the paper was to evaluate the reality of the fourth Industrial technology on higher education learning with an objective to identify the major realities of fourth industrial technology, and to explore those realities on higher education. The foundation of the paper was on the technological singularity theory that anticipated the evolvement of artificial intelligence. Qualitative research approach with multi-stage sampling was conducted and interpretive phenomenological analysis. Time series experiential data employed in 2003 - 2023 and systematic non-random data 2016-2023. The findings showed that three technological trends of physical, digital, and biological are becoming a reality. Artificial intelligence showed to be unlike any other technology but not a fundamental competitor. Further, fourth Industrial technologies are educational technologies that enhance learning. In conclusion,higher education learning is the stimuli and an incubator of the fourth industrial technology.Therefore, the paper contributes to knowledge, with suggested ways that could be useful topolicy makers, governing councils, faculty and students to harness the fourth industrialtechnology.
Role of Ethical Leadership in Promoting Sustainable Business Practices.
(International Journal of Business and Management, 2024) Kagwaini, Dorothy Muthoka; Kanyamukenge, Christian Iragi
Ethical leadership is rapidly evolving and the concept of sustainable business practice transcending from mere financial metrics to a deep commitment of environmental, social and governance matters. It is gaining much research attention to creating social value, influencing organizational behavior, employee
engagement/commitment, and environmental sustainability. Contemporary organizations face the challenge of maintaining profitability while embedding ethical principles into their core operations. On one hand, balancing economic, social, and environmental dimensions is crucial, yet on the other hand, implementation of consistent ethical leadership across diverse global contexts remains difficult. This often leads to unethical behavior and stakeholder distrust, resulting in legal and financial repercussions. This article aims to evaluate the role of ethical leadership in promoting sustainable business practices based on social learning theory, stakeholders’ theory, and transformational leadership theory. A review of selected papers was employed from 2020 to 2024 to evaluate the role of ethical leadership and sustainability business initiatives. The findings showed pertinent characteristics of ethical leadership in support to sustainable business practices. Further, employee involvement in sustainability initiatives was very important. In conclusion, ethical leadership is a significant part of modern organization in developing sustainable business practices. Hence, this article contributes to knowledge from enhanced resilience of organizations through reputation to compliance according to set regulatory standards.
Kenya Needs to Grasp the Cryptocurrency Nettle: How a Digital Currency could Help
(The Conversation, 2021) Kagwaini, Dorothy Muthoka
Kenya’s central bank has been mulling the official use of a digital currency. More than 60 central banks have already entered the digital currency race since 2014.No details have been released in Kenya, but the central bank governor, Patrick Njoroge, commented that the bank was working with other global regulators and financial institutions to explore the use of digital currencies.The shift towards digital currencies has been used by some central banks to formulate and implement regulations to manage the use of cryptocurrencies. For example, Nigeria has launched its official digital currency, the eNaira.The World Economic Forum estimates that a third of Nigerians use or own cryptocurrencies. Kenya is one of the top three markets for Bitcoin, one of the more popular cryptocurrencies
Cultural - Political Influence on the Mandatory Adoption of IFRS: Case of South Korea and Kenya.
(Korean Studies Information Service Systems, 2020) Kagwaini, Dorothy Muthoka; Jang, Soon Lee; Eun, Jung Sun
International Financial Reporting Standards (IFRS) are inherent characteristics of principles based framework that is voluntarily adopted by a country for communication purpose. This means the standards leave more details of implementation to individual judgements. The International Accounting Standards Board (IASB) hopes the world of accounting to be mono-lingual in the future. Today, more than 130 economies have made IFRS their official language in financial reporting. On one hand, the objective of having a one size fit all financial statement being guided by this same adopted IFRS Standards has not been achieved. On the other hand, some persistent challenges are still facing the accounting bodies in connection with full IFRS adoption. The accountants, regulators and various users of financial information must be willing to understand the challenges that exist from across countries to help achieve same objectives. Consequently, this paper seeks to answer two major questions relating to this. Firstly, does cultural-political influence have any impact on the adoption of IFRS? Secondly, if it does, are there some specific cultural-political aspects that could have an effect on the IFRS adoption? Survey method by hand collected data was used as the research design with a case study of two selected countries - South Korea and Kenya. Using one way ANOVA method, the hypothesis was rejected and using the Chi square test, three factual differences arose from the study: (1) the level of enforcement; (2) the language of IFRS; (3) the question of adoption and convergence. The conclusion of the study was that there are differences in IFRS adoption mechanism that has been attributed to cultural-political influences. This study finding shall contribute to financial reporting knowledge that will help to explain some reasons of powerful macroeconomic and cultural-political forces that continue to provide impetus to globalization and use of IFRS.