Daniel Kipkirong Tarus (PhD). Department of Accounting & Finance ...

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Daniel Kipkirong Tarus (PhD).

Department of Accounting & Finance,

Moi University,

P.o Box 3900, Eldoret.

Cell-phone: 0721437531; 0738040408

Email: [email protected]; [email protected]

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Academic Qualification

PhD in Business Management, Moi University in collaboration with Oklahoma State

University, 2011.

Specialization: Finance

Thesis title: “Corporate Boards Demographic Characteristics and Strategic Change in Kenya”.

MBA in Finance, Allahabad University, 1999.

Master of Philosophy in Entrepreneurship, Moi University (ongoing).

Bachelor of Commerce in Accounting, Allahabad University, 1997.

Professional Qualification

Passed CPA Examination in December, 2003

Passed CPS Examination in December, 2005

Currently pursuing ACCA Examinations ongoing and due to complete in June, 2012

Work Experience

2009 to Date Senior Lecturer, Department of Accounting and Finance, School of Business and

Economics, Moi University

2006 to 2009 Lecturer, Department of Accounting and Finance, School of Business and

Economics, Moi University

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2002-2006 Tutorial Fellow, Department of Accounting and Finance, School of Business and

Economics, Moi University

2000-2002 Part- Time Lecturer, Department of Accounting and Finance, School of Business

and Economics, Moi University

2010- To date Part-time Lecturer, Jomo Kenyatta University of Agriculture & Technology-JKUAT

2000-2005 Lecturer, Kenya Institute of Management (KIM), Eldoret Branch

Teaching Experience

Undergraduate Programme

BBM 201: Financial Accounting

BBM 301: Advanced Financial Accounting 1

BBM 311: Banking Theory and Practice

BBM 400: Taxation Theory and Practice

BBM 401: Financial Management,

BBM 403: Advanced Financial Accounting 11

BBM 470: Financial Management for SMEs.

BBM 473: Business Counseling and Consultancy

FLB 305: Banking Law

Masters Programme

MBA 800: Financial Accounting

MBM 801: Financial Management

MBA 815: Corporate Finance

MBA 815: Finance Seminar

MBA 881: Entrepreneurship Concepts and Strategies

MBA 886: Micro Enterprise Financing

PhD Programme (Moi University)

DBM 910 Corporate Leadership

DBM 920 Theory of Finance

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DBM 921 Investment Analysis and Models

DBM 916 Research Proposal

PhD Programme (Jomo Kenyatta University)

BDAF 4110 Theory of Finance

BDAF 4111 Financial Markets and Intermediaries

Student Masters Thesis Supervision

1. Factors Influencing Corporate Social Responsibility Disclosures by Kenyan Firms

(By Benjamin Musina Oduori, 2011)

2. Factors affecting Deposit Taking SACCOs in North Rift Region (By Nicholas Chepkiyeng,

2011)

3. The Impact of Retirement Benefits Act (RBA) on Investment Returns of Pension Schemes

in Kenya. (By Lucy Jepchoge Rono, 2010)

4. The Impact of Microfinance Institutions on Poverty Reduction in Selected Households in

Nairobi, Kenya. (By Amos Mwangi, 2009)

5. Determinants of the Choice of Credit Source among Members of Savings and Credit Co-

operative Societies in Kitale Town. (By. Stephen Silvester Odote, 2007)

6. Impediments to Efficient Utilization of Constituency Development Fund: A Case Study of

Tinderet Constituency, Nandi South District, Kenya. (By. Lydia Muriuki, 2006)

7. An Analysis of the Factors Influencing Access to Agricultural Finance Corporation’s Loans

by Small holder Horticultural Farmers in Uasin Gishu District. (By Hellen Chemeli Mutai,

2005)

8. A Survey of Front Office Savings Activities (FOSA) on Financial Intermediation: A Case

Study of the Co-operative Movement in Kisumu District, Kenya. (By. Joseph Omulio Okal,

2004)

9. Determinants of Loan-Performance in Commercial Banks in Eldoret, Kenya. (By.

Archengelo M. Mbabu, 2004)

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10. The Impact of HIV/AIDS on Healthcare Financing in Kenya; A Case Study of Uasin Gishu

Memorial Hospital, Eldoret. (By. Some Faraj, 2004)

11. The Effect of Marketing Information Seeking Behavior on Performance of Small Scale

Enterprises: A Survey of Selected Firms in Kitale Municipality. (By. Robert I. Otuya, 2003)

University Responsibilities:

Undergraduate Programme Coordinator January 2010- Date

In charge of coordinating undergraduate programme in the School of Business and Economics

(Bachelor of Business Management) with a student population of 5,000 spread across several

campuses and satellite colleges. Some of my responsibilities include:

Chairing the admission committee charged with admitting students in the School

Providing teaching resources and supervising the preparation of teaching time-

table

Allocation of teaching resources such as facilitators, and Labs

Compiling and processing exams and results

Budgeting and processing payments for the School of Business and Economics

Post-graduate Programme Coordinator July 2007- January 2010

I was in charge of coordinating two Masters programmes: Masters of Business Administration

(MBA, Eldoret), and Masters of Business Management (MBM). I was charged with the following

responsibilities:

Facilitating teaching resources such as assigning teaching load to lecturers and ensuring

effective teaching

Preparing budgets and processing payments

Organizing for guest lecturers and Workshops and seminars

Processing students exams and results

Allocating students to supervisors and making follow ups for student progress and

reporting the same to School graduate board.

Assistant Post-graduate programme Coordinator November 2002- July 2007

I was in charge of assisting the coordinator in managing post graduate programmes.

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Member, Post-graduate Committee July, 2007- to date

Short-listing of post-graduate applicants

Approving post-graduate results

Approving post-graduate supervisors and examiners

Examining thesis and oral presentation for post-graduate students

Member, Editorial Board: African Journal of Business and Economics July, 2006 – December,

2010

As a member of this board, my work was to review articles for publication in the journal. During

my tenure I reviewed more than 15 papers.

Other Responsibilities

1. March 5 to 23rd March 2012, Acting Dean, School of Business and Economics, Moi University

2. January 9th to 20th January 2012, Acting Dean, School of Business and Economics, Moi

University

3. November 1st to 8th November 2011, Acting Dean, School of Business and Economics, Moi

University

4. October 4th to 12th October 2011, Acting Dean, School of Business and Economics, Moi

University

5. April 21st to 28th April 2011, Acting Dean, School of Business and Economics, Moi University

Member of School of Business & Economics Curriculum Development: July 2007- to Date

As a member of this committee, I have participated in the review of the undergraduate and

post graduate curriculum to meet the demands of the market.

Member of School of Business & Economics Management Committee

This is the management organ of the School charged with the responsibility of reviewing School

progress reports, approving examinations, approving budgets, short-listing senior staff for

recruitment, and making decisions on behalf of the School.

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Member of School of Business & Economics Linkages and collaboration Committee

Through this committee, the School has secured critical collaboration with other universities as

follows:

Moi University and Oklahoma State University collaboration.

This collaboration commenced in 2007 and focuses mainly on PhD staff development

and research, wherein, Professors from Oklahoma State University visit to teach some

courses to PhD students and students travel to Oklahoma State University to develop

their research proposals. This has seen Moi University graduate PhD in technical areas

and to date 6 PhD’s have successfully graduated and more than 10 staff members are

underway. Similarly, research projects are on going.

Moi University and Koffi Annan Business school, Utrech, The Netherlands

This collaboration started in 2008 and is meant for undergraduate students. Students

from Kenya travel to Koffi Annan Business School for two semesters to study courses in

entrepreneurship, and students from Koffi Annan come to Moi University for two

semesters. Similarly, there is exchange of lectures from Koffi Annan teching at Moi

University and Moi University lecturers teaching at Koffi Anna Business School. This has

enhanced the quality of our programmes by incorporating cross country studies at

undergraduate level.

Director, Moi University Co-operative Society (MUSCO) March 2011- to Date

Secretary to the Audit Committee

A member to the Education Committee

High School Management Boards

Chairman, Kilibwoni High School from 2006 to date and has seen the school record

remarkable improvement in performance and enrollment

Board member, Terige Secondary School from 2005 to date and serving as a member of

Executive Board and chairman, Finance and Planning.

Publications

Journals

1. Cheruiyot, Tk. K., and Tarus, D. K. (2012) Paradox of Community Reactions to Corporate

Social Responsibility and Irresponsibility in Kenyan Hotels, International Journal of

Research in Commerce, Economics and Management (Accepted)

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2. Tarus, D. K. (2012), Board Demographic Characteristics and Strategic Change: The

Moderating Role of Firm Performance, Corporate Governance (In Review)

3. Kemboi, J. K. and Tarus, D. K. (2012), Macroeconomic Determinants of Securities Market

Development in Emerging Markets: Evidence from Kenya, International Journal of

Accounting and Finance, (Accepted)

4. Tarus, D. K., Yonas, B., and Mutwol, M. (2012). Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study. Business Review.(Accepted)

5. Tarus, D. K., Rabach, N., and Bonuke, R. N. (2012). Antecedents of Customer Loyalty in

the Mobile Telecommunication Sector in Kenya. International Journal of Research in

Commerce, Economics and Management.(Accepted)

6. Oduori, B. M., and Tarus, D. K. (2012) Factors Influencing Corporate Social Responsibility

Disclosures by Kenyan Firms, Corporate Social Responsibility and Environmental

Management.(In Review)

7. Nganga, S. I., Kitainge, K. M., and Tarus, D. K. (2010). Competency, Experience, and

Industrial Exposure of Faculty Members in Public Universities and Collaborating Colleges

in Kenya. A Journal of KIM School of Management, Vol. 1, 133-146.

8. Koros, L. C., Boit, J. M., Tarus, D. K., and Chepkwony, P. K. (2009). An Assessment of

Factors Affecting Access to Management Positions: A Survey of Litein and Tenwek

Hospitals, Western Kenya. Journal of Agriculture, Pure and Applied science and

Technology, Vol. 4, 38-43. ISSN 2073-8749.

9. Mutai, H., Cheruiyot, T, K., and Tarus, D. K (2007). An Analysis of the Factors Influencing

Access to Agricultural Finance by Smallholder Horticultural Farmers in Uasin Gishu

District, Kenya. African Journal of Business and Economics, Vol. 2, No. 1. 170-186. ISSN

1990-9217.

10. Tarus, D. K., Nganga, S. I., and Omboto, P. I. (2007). Liberalization and Technology

Transfer Dilemma in Kenya’s Industrial Development: The Case of Small and Micro

Enterprise Sector. African Journal of Business and Economics, Vol. 2, No.1. 158-169. ISSN

1990-9217.

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11. Tarus, D. K., Tarno, E. M., and Lagat, C. K. (2006). The Role of Micro-Finance Institutions

in the Growth and Development of SMEs in Kenya. African Journal of Business and

Economics, Vo. 1, No. 1. 18 – 26. ISSN 1990-9217.

12. Bitok, J. K., Tarus, D.K., and Tenai, J. K (2006). The Impact of Dividend Policy on the

Shareholders Wealth, African Journal of Business and Economics, Vol. 1, 122 – 136. ISSN

1990-9217.

13. Tarus, D. K., Ekai, R.T. and Bitok, J. K. (2006). A Critical Analysis of Factors Affecting the

Development of Emerging Stock Markets; A Case Study of Nairobi Stock Exchange,

Kenya. African Journal of Business and Economics, Vol. 1, No. 2. 1 – 13. ISSN 1990-9217.

14. Lagat, C.K and Tarus, D.K “The Marketing Orientations Small Scale Firms in Kenya, A

Case of the Small Firms in Western Kenya”. The 5th Association of Third World Studies

(ATWS) Conference, 12 – 14th September 2004, UEA – Baraton, Kenya. ATWS Journal.

Publications in International Conference Proceedings

1. Tarus, D. K., Chekol, Y. B., and Mutwol, M. (2012), “Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study.” 2nd Annual International Conference in

Accounting and Finance (AF), Global Science and Technology Forum, pp. 143-148.

Singapore. ISSN: 2251-1997.

2. Bitok, J. K., Tenai, J.K., and Tarus, D.K. (2009), “Factors Influencing the Growth and

Development of Capital Markets in a Developing Economy: A Case Study of Nairobi Stock

Exchange in Kenya.” The Academy of Business and Public Policy, pp 21-33. Illinois USA. ISSN:

1948-2272.

Books

1. Total Quality Management; Theory, Concepts and Practice, Macmillan Publishers,

2009. ISBN 978 9966 34 344 4. 284 Pages. The text book is of benefit to practicing

managers and students at both undergraduate, post graduate and professional

examinations.

2. Research Perspectives in Business, GABA Publications, 2012 (Inprint)

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Book Review

Review of “CHINDIA: How China and India are Revolutionizing Global Business”, Edited by Pete

Engardio, McGraw-Hill, 2007; in African Journal of Business and Economics, Vol. 3 No. 1 pp 176-

179 (Book Review). ISSN 1990-9217.

International Conferences Presentations and Workshops

1. Tarus, D. K., Chekol, Y. B., and Mutwol, M. Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study. 2nd Annual International Conference in

Accounting and Finance (AF) held on 21st -22nd May 2012 in Singapore.

2. Oduori, B. M. and Tarus, D. K. Factors Influencing Corporate Social Responsibility

Disclosures by Kenyan Firms. The 7th Annual International Conference Moi University 7th

September– 9th September 2011, Eldoret, Kenya.

3. Bitock, J. K., Tenai, J. K., and Tarus, D. K. “Factors Influencing the Growth and Development

of Capital Market in a Developing Economy; A Case Study of Nairobi Stock exchange in

Kenya”. The International Conference on Business and Public Policy; Northern held on 28th-

2nd October, 2009 at Illinois University, Rockford, USA.

4. Nganga, S. I., Kitainge, K. M., and Tarus, D. K. “Competence, Experience and Industrial

Exposure of Faculty Members in Public Universities and Collaborating Colleges in Kenya”.

The 1st KIM International Conference on Management held on 3rd- 5th June, 2009 at Kenya

International Conference Centre (KICC), Nairobi, Kenya.

5. Tarus, D. K., Ondiek, A., and Egessa, R. “Corporate Governance and Controls in

Organizations”. The 5th Annual International Conference, Moi University, 4th- 8th August,

2009.

6. Kitainge, K. M., Tarus, D. K., Nganga, S. I., and Kemboi, A. “Learning Company for

Sustainable Competitiveness”. The 5th Annual International Conference, Moi University, 4th-

8th August, 2009.

7. Rono, L. J., Tarus, D. K., Bitok, J. K., and Simiyu, A. K. “The Impact of Retirement Benefits Act

(RBA) on Investment Returns of Pension Schemes in Kenya”. The 5th Annual International

Conference, Moi University, 4th- 8th August, 2009.

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8. Nganga, S. I., Tarus, D. K., and Lagat, C.K. “Small and Medium size Manufacturing

Enterprises: Work Ethics and Social Responsibility, The Case of Jua Kali Enterprises in

Eldoret Municipality.” The 7th Annual Conference of BEN-Africa held on 1st-3rd August 2007

at Gion Hotel, Addis Ababa, Ethiopia.

9. Nganga, S.I., Tarus, D. K., and Omboto, P.I. “Liberalization and Technology Dilemma in

African Sustainable Industrial Development: The Case of Jua Kali Sector in Kenya.” The 7th

Association of Third World Studies Conference 16th-18th May 2007 held at Catholic

University, Kenya.

10. Nganga, S. I., Kitainge, K. M., Tarus, D. K., Kiarie, J. M and Omboto, P.I. “Small

Manufacturing Enterprises Role in Sustainable Industrial Development: Challenges and

Prospects”. The 12th Annual International management Conference, Makerere University

Business School, 21st-24th November 2006, Kampala, Uganda

11. Tarus, D. K., Nganga, S. I., Kitenge, K. M and Basweti, D “Paucity of Medium Size

Manufacturing Enterprises in Kenya; Challenges and Development Strategies in Industrial

Development”. The 2nd Annual International Conference Moi University 29th – 2nd

September 2006.

12. Tarus, D. K. Lagat, C. K, Bitok, J. K., and Tenai, J. K., “Small Firms Social Responsibility; a

Case of Western Kenya”. The 2nd Annual International Conference Moi University 29th – 2nd

September 2006, Eldoret, Kenya.

13. Some, F., Kosgei, D. K., Tarus, D. K. “The Impact of HIV/AIDS on Healthcare Financing in

Kenya; A Case Study of Uasin Gishu Memorial Hospital, Eldoret”. The 2nd Annual

International Conference Moi University 29th August– 2nd September 2006, Eldoret, Kenya.

14. Bitok, J. K., and Tarus, D. K, “The Level and Form of Corporate Dividend Payout ration to

Stockholders; Theory and Evidence”. The 2nd Annual International Conference Moi

University 29th August – 2nd September 2006, Eldoret, Kenya.

15. Hellen, M., Cheruiyot, T. K., and Tarus, D. K., “An Analysis of the Factors Influencing Access

to Horticultural Finance by Small Holder Horticultural Farmers in Uasin Gishu District,

Kenya”. The 2nd Annual International Conference Moi University 29th – 2nd September

2006, Eldoret, Kenya.

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16. Achar, G. O. and Tarus, D. K. “Policy Initiatives for SMEs in Kenya; A Way Forward or

Repetition of Old Rhetoric?” The 2nd Annual International Conference Moi University 29th –

2nd September 2006, Eldoret, Kenya.

17. Nganga, S. I., Kiarie, J. N., Tarus, D. K and Rono, P. K., “Innovation and Sustainable

Technological Development: The Case of Jua Kali and the Traditional Folding Chair”. The 9th

International Conference on African Entrepreneurship and Small Business Development

(IAESB), 14th and 15th September, 2006, Whitesands Hotel, Dar Es Salaam, Tanzania.

18. Tarus, D. K and Lagat, C. K. “An Analysis of ethical Practices of the Small Business in Kenya.”

The 6th Annual Conference of Business Ethics Network Africa (Ben-Africa), 26th – 28th

August 2006, The University of Stellenbosch Business School, Bellville Park Campus, Cape

Town, South Africa.

19. Tarus, D. K. and Lagat, C. K. “Small Firms Social Responsibility: A Survey of Western Kenya”.

1st South African Corporate Citizenship Symposium 20th – 22nd July 2005 UNISA’

Jourhannesburg, South Africa.

20. Lagat, C. K. and Tarus, D. K “The Marketing Orientations Small Scale Firms in Kenya, A Case

of the Small Firms in Western Kenya”. The 5th Association of Third World Studies (ATWS)

Conference, 12 – 14th September 2004, UEA – Baraton, Kenya.

21. Tarus, D. K. and Lagat C. K., “The Role of Training on the Development and Sustainability on

Small Scale Enterprises in Eldoret Municipality”. The Biennial Conference of WAITRO

(World Association of Industrial and Technological Research Organization), 6th – 11th

September 2004. Nairobi, Kenya.

22. Lagat, C. K. Tarus, D. K and Wekesa, E. W. “The Management of Telecommunication Firms

Social Responsibility in Nyanza, Kenya.” The 4th Annual Business Ethics Network Africa

(BEN-Africa) Conference, 1st – 3rd September 2004, Stone Town, Zanzibar.

23. Lagat, C. K and Tarus, D. K. “The Impact of Access to Information of the Management of

HIV/AIDS, A Survey of Secondary Schools in Eldoret Municipality.” The 4th Annual Business

Ethics Network Africa (BEN-Africa) Conference, 1st – 3rd September 2004, Stone Town,

Zanzibar.

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24. Tarus, D. K. and Lagat, C. K., “The Impact of Training on the Development of SME; A Case of

Small Scale Enterprises in Eldoret Town Kenya.” The 4th International Conference on

Entrepreneurship (CEED), 12 – 15th May 2004, USIU, Nairobi, Kenya.

25. Wasike, E. R., Lwayo, M. K., Tarus, D. K., and Kosgei, D. K., “Characteristics of Small Scale

Textile Processing Entrepreneurs in Eldoret Town, Kenya.” The 4th International Conference

on Entrepreneurship (CEED), 12 – 15th May, 2004, USIU, Nairobi, Kenya.

Conference Attendance

Eastern Finance Association Conference, Forty-sixth Meeting, Miami Beach Resort & Spa, Miami

Beach, Florida, USA. April 14-17, 2010.

Consultancies and Training

Trainer for Moi University middle level and senior management from 2011 to date.

1. Trained Heads of departments and section heads on “Decision making and

Accountability” on 27th October 2011.

2. Trained Heads of departments on “Teamwork” on 26th April 2012.

A trainer of Kenya Bankers Association western Kenya since 2006 to date.

Successfully prepared a Feasibility Study for Moi Holdings for purposes of investing in

Seed Oil manufacturing plant in 2006. Moi University Holdings is the commercial arm of

the University.

Successfully prepared a comprehensive Business Plan for Cooperative College of Kenya

(COK) during the period June- September 2006.

A consultant of Moi University SACCO especially on training members on savings and

investments as well as training the management of the SACCO from 2004 to 2010.

Professional Affiliations

Affiliate member; Kenya Institute of Management (KIM).

A member of Business Ethics Network Africa (BEN-Africa) since 2004.

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A member of Eastern Finance Association, USA, since March 2010.

Associate member of Global Science & Technology Forum (AMGSTF) since 18 May 2012.

Awards Received

Best paper award in 2nd Annual Accounting and Finance (AF) Conference held in

Singapore on 21-22 May 2012 titled “Determinants of Net Interest Margins of

Commercial Banks in Kenya: A Panel Study.”

Decorated with Deans Award from Moi University for being the best PhD student in

2011.

Decorated with Principals Gold Medal in 1997 for being the best student in Bachelor of

Commerce degree.

Won a price for being the best student in CPS Section 6; Company Secretarial and

Practice, awarded by Gichohi & co. KASNEB Examinations in December, 2005.

Referees

Dr. Mary Kipsat

Dean, School of Business and Economics, Moi University

P.O BOX 3900, Eldoret. Tel. 0722583130.

Dr. Thomas Cheruiyot

Head of Department, Accounting and Finance, Moi University,

P.O BOX 3900, Eldoret. Tel. 0720484926.

Dr. Michael Korir

Head of Department, Marketing and Management Science, Moi University,

P.O BOX 3900, Eldoret. Tel.0721433102.

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