Transformational leadership and innovation in deposit taking SACCOs: The moderating role of competitor orientation

Jackline Akoth Odero, Robert K.W. Egessa, Kelvin Mogere Machuki and Joel Limonya
Additional contact information
Jackline Akoth Odero: Lecturer School of Business and Economics,Masinde Muliro University of Science and Technology, Kakamega, Kenya
Robert K.W. Egessa: Lecturer School of Business and Economics,Masinde Muliro University of Science and Technology, Kakamega, Kenya
Kelvin Mogere Machuki: Lecturer School of Business and Economics,Masinde Muliro University of Science and Technology, Kakamega, Kenya
Joel Limonya: Lecturer School of Business and Economics,Masinde Muliro University of Science and Technology, Kakamega, Kenya

International Journal of Research in Business and Social Science (2147-4478), 2022, vol. 11, issue 8, 166-176

Abstract: With the drive for enhanced financial inclusion of the population through encouraging savings and investments in a bid to spur economic growth and attain the Sustainable Development Goals (SDGs), the critical role played by Savings and Credit Cooperative Societies (SACCOs) in developing countries in this endeavor cannot be gainsaid. It is worth noting that the extent to which such entities will contribute to economic development depends on the leadership paradigm utilized in guiding their operations and the extent to which they are innovative in their undertakings. This may further depend on the moderating effects of various factors, among them competitor orientation, especially in developing countries like Kenya, where the SACCO sector has grown tremendously with many deposit-taking SACCOs licensed to operate by the government. This study sought to establish the influence of transformational leadership on innovation in Deposit Taking SACCOs as moderated by competitor orientation in developing countries with a focus on Kenya. The study utilized descriptive and correlation research designs where 49 respondents, drawn from all the 7 Deposit-taking SACCOs in the Western region of Kenya, were targeted. Structured questionnaires were employed for data collection. The study used descriptive and inferential statistics to analyze data. Findings revealed that transformational leadership had a positive and significant influence on innovation. Further, competitor orientation had a positive but insignificant moderating effect on the relationship between transformational leadership and innovation. The study recommends that managers utilize transformational leadership practices in their undertakings to encourage innovation that ensures firm competitiveness. They should also focus on competitor orientation to support the firms’ innovative efforts. Key Words:SDGs, Competitor Orientation, Innovation, Transformational Leadership, Financial Incllusion

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/2082/1523 (application/pdf)
https://doi.org/10.20525/ijrbs.v11i8.2082 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijbrss:v:11:y:2022:i:8:p:166-176

Access Statistics for this article

International Journal of Research in Business and Social Science (2147-4478) is currently edited by Prof.Dr.Umit Hacioglu

More articles in International Journal of Research in Business and Social Science (2147-4478) from Center for the Strategic Studies in Business and Finance Editorial Office,Baris Mah. Enver Adakan Cd. No: 5/8, Beylikduzu, Istanbul, Turkey. Contact information at EDIRC.
Bibliographic data for series maintained by Umit Hacioglu ().