Please ensure Javascript is enabled for purposes of website accessibility Egerton University - DR ROBERT MUGO KARUNGU
Upload

DR ROBERT MUGO KARUNGU

OffLine
Staff Information
PERSONAL DETAILS
Designation
LECTURER
Corporate Email
This email address is being protected from spambots. You need JavaScript enabled to view it.
Job Category
Teaching
Division / Faculty
Faculty of Commerce
Directorate / Dept
ACCOUNTS FINANCE AND MGT SCIENCE DEPARTMENT
Section
Accounting & Finance
Office Extension No.
N/A
Address
13357-20100
SUMMARY

Dr. Robert Mugo has over 10 years’ teaching experience in the field of finance and accounting with expertise in financial economics, behavioural finance and corporate accounting. He has researched the banking sector, Kenyan securities markets and manufacturing sector. He’s a practising member of the Institute of Certified Investments and Financial Analyst (ICIFA) Kenya. At ICIFA, he sits in the education and research committee.He is also a member of the Institute of Certified Public Accountants of Kenya (ICPAK).

Dr. Mugo is a resource person for the Capital Markets Authority (CMA) Kenya where he has participated in training university students in matters Capital Markets. He is a resource consultant in the Kenya Accountants and Secretaries Examination Board (KASNEB). He has previously engaged in training Secondary School Heads in personal financial management.

Researchgate
https://www.researchgate.net/profile/Robert-Mugo-2
Google Scholar
https://scholar.google.com/citations?user=RrDsG0YAAAAJ&hl=en
ACADEMIC QUALIFICATIONS
  1. PhD Business Administration (Finance), Jomo Kenyatta University of Agriculture and Technology  (Sept 2011- June 2019). Thesis Title: Influence of Securities Behaviour on the Performance of Nairobi Securities Exchange Indices
  2. Master of Business Administration (Finance), Egerton University, (Sept 2007- December 2010) . Project Title: Effects of Cross-Border Listing on Financial Performance of Listed Firms in the Nairobi Stock Exchange
  3. Bachelor of Commerce (Accounting) Second Class Upper Division, Egerton University (Sept 2003- August 2007) 
  4. Certified Investment and Financial Analyst, KASNEB (January 2009-June 2011)
  5. Certified Public Accountant, KASNEB (January 2006-June 2008)
  6. St Marys Boys Secondary School Nyeri (1999-2002) B Plain
FIELDS OF SPECIALIZATION
  • Accounting (Bcom & CPA)
  • Finance (Masters, PhD & CIFA)
PROFESSIONAL QUALIFICATIONS
  • CertIfied Public Accountant (K)
  • Certified Investments and Financial Analyst (K)
WORK EXPERIENCE

2021-Date: Egerton University- Lecturer, Accounting and Finance

2014-2021: Egerton University - Assistant Accounting and Finance Lecturer

2013-2014: Kabarak University - Accounting and Finance Lecturer

2011-2013: Kabarak University - Assistant Accounting and Finance Lecturer

RESEARCH INTERESTS
  • Accounting and Finance
LIST OF PUBLICATIONS
  1. August 2025: Research Journal of Finance and Accounting iiste.org, ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online), Vol.16, No.7, 2025. Market Noise and Its Effects on the Performance of the Nairobi Securities Exchange In Kenya. Robert Mugo Karungu. Available at: https://iiste.org/Journals/index.php/RJFA/article/view/63429/65553 . Pages 24-35
  2. October 2024: International Journal of Business Management and Processes (IJBMP), ISSN 2616-3209. Vol 6, Issue No.2 PP 170-181. Effect Of Internal Control Systems On Management Of Revenue Funds In County Government Of Nakuru Kenya. Agnes Machora and Robert Mugo. Available at: http://journals.essrak.org/index.php/business
  3. September 2024: International Research Journal of Business and Strategic Management. ISSN 2710-2742 (online). Vol 6, Issue 2, pp 176-189Effectiveness Of Internal Control Systems In The Management Of Public Resources In Nairobi County. Joan Chelangat & Robert Mugo. Available at: irjp.org
  4. September 2024. International Research Journal of Economics and Finance. ISSN 2710-2742 (online). Vol 6, Issue 2 pp 136-150. Effect Of Financial Leverage On The Profitability Of Petroleum Companies In Kenya. David Mwangi Kabangi and Robert Mugo. Available at: http: irjp.org
  5. October 2023: IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN 2321-5925. Volume 14, Issue 5 Serv 8 (Sep-Oct. 2023) PP 16-28 Financial Risk Hedging And Value Of Listed Energy And Petroleum Firms In Kenya. Lynet Kerubo Mboga & Robert Mugo. Available at: iosrjournals.org . DOI: 10.9790/5933-1405081628
  6. May 2023: International Journal of Social Science and Humanities Research. ISSN 2348-3156 (Print) & ISSN 2348-3164 (Online) Vol. 11, Issue 2, pp (256-261). The Effect Of Capital Adequacy On The Lending Performance Of Commercial Banks In Kenya. Ronald Kipngeno Kirui & Robert Mugo. Available at: researchpublish.com. DOI: https://doi.org/10.5281/zenodo.7965917
  7. November 2022: International Journal of Management and Commerce Innovations. ISSN 2348-7585 (Online). Vol. 10 Issue 2 pp (239-251). Firm Characteristics And Credit Risk Of Microfinance Banks In Kenya. Jared Nyakundi Momanyi & Robert Mugo. Available at: researchpublish.com . DOI: https://doi.org/10.5281/zenodo.7357339
  8. October 2022: IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN 2321-5925. Volume 13, Issue 5 Serv IV (Sep-Oct. 2022) PP 30-39. Relationship Between Liquidity And Credit Referencing By Savings And Credit Cooperatives In Kenya. James Mwakio Maria, Robert Mugo & Solomon Ngahu. Available at: iosrjournals.org . DOI: 10.0790/5933-1305043039
  9. June 2022: International Journal of Economics and Finance. Volume 11 Issue 6 (2022) ISSN 2307-6305. Relationship Between Corporate Social Responsibility Practices And Financial Performance Of Firms Quoted In The Nairobi Securities Exchange. Joyce Njeri Ng’ang’a & Robert Mugo. Available at: ijsse.org  Pages 1-11.
  10. March 2022. Internal Jornal of Academic Research in Business & Social Sciences. ISSN: 2222-6990. Volume 12, No. 3, 2022 Pg. 1-8. Effect Of The Size Of Audit Committee On Internal Audit Effectiveness In Kericho And Nyandarua County Governments In Kenya. Henry Machini Momanyi, Duncan Nyaberi & Robert Mugo. Available at: http://dx.doi.org/10.6007/IJARBSS/v12-i3/12902 DOI: 10.6007/IJARBSS/v12-i3/12902
  11. April 2020: Growing Science Accounting Volume 6 Issue 1 Influence Of Financial Contagion On Stock Performance Of Firms Listed In The Nairobi Securities Available at: http://m.growingscience.com/beta/ac/3379-influence-of-financial-contagion-on-stock-performance-of-firms-listed-in-the-nairobi-securities-exchange.html
  12. September 2019: International Journal of Business Management and Finance Volume 3 Issue 2 Effects Of Foreign Exchange Risk Management Techniques On Profitability Of Local Based Multinational Corporations Listed In Kenya. Available at: https://serialpublishers.org/index.php/ijbmf/article/view/124
  13. September 2018: African development finance journal September Vol2 No.1, 2018 PP 182-216 ISSN 2522-3186 182  The Relationship Between Capital Structure And Profitability Of Firms Listed At The Nairobi Securities Exchange. Available at: http://journals.uonbi.ac.ke/index.php/adfj
  14. July 2018: Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.9, No.14, 2018 1. Effects of Securities Behaviour on Performance of Nairobi Securities Exchange Indices. Available at: iiste.org
  15. July 2018: Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.9, No.14, 2018 56. Influence of Momentum Effect on Stock Performance of Firms Listed in the Nairobi Securities Exchange. Available at: iiste.org
  16. July 2018: Mara Research Journal of Business and Management.Vol. 3, No. 1, July 2018, Pages 25 – 43, ISSN: 2519-1381. Effect of Borrowers Capacity and Capital Information on Credit Risk Management: A Case of Microfinance Institutions in Nakuru Town
  17. June 2018: International Journal of Economics, Commerce, and Management. United Kingdom Vol. VI, Issue 6, June 2018. Page 207. Prediction Of Financial Distress In The Light Of Financial Crisis: A Case Of Listed Firms In Kenya. Available at: http://ijecm.co.uk/ ISSN 2348 0386
  18. June 2018: International Journal of Business Management and Processes (IJBMP)  Vol 3. Issue No.3. June 2018. PP 01-06. ISSN 2616-3209. Influence Of Bancassurance On Financial Performance Of Commercial Banks Listed On Nairobi Securities Exchange. Available at ijbmp.com
  19. August 2017: International Journal of Economics, Commerce, and Management. Vol 5 Issue 8. ISSN 2348 0386. The Relationship Between Portfolio Selection and Performance of Large Capitalization Stocks in Kenya. Available at: http://ijecm.co.uk/volume-v-issue-8/
  20. September 2015: European Journal of Business and Management. Vol.7, No.11, 2015 ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online). Effect of Human Resource Contribution and Environmental Aspect of Corporate Social Reporting on Firm Performance: Evidence from Listed Firms in Nairobi Securities Exchange, Kenya. Available at http://iiste.org/Journals/index.php/EJBM/article/view/21805/22350. Pages 36-44
  21. September 2015: International Journal of Economics, Commerce, and Management. Vol. 3 Issue 9 September 2015. ISSN 2348 0386 Effect of Trade Credit on Financial Performance of Small Scale Enterprises: Evidence of Eldoret Town Kenya. Available at http://ijecm.co.uk/
  22. April 2015: European Journal of Business and Management. Vol.7, No.3, 2015 ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online). Effect of Group lending on the accessibility of Micro Credit facilities among Low-Income Households in Keiyo South District. Available at: http://iiste.org/Journals/index.php/EJBM/article/view/19485/25161 Pages 39-46
  23. February 2015: Journal of Economics and Sustainable Development, Vol. 6 No. 4 2015. ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online) Factors Affecting Liquidity Risk Management Practices In Microfinance Institutions in Kenya. Available at http://iiste.org/Journals/index.php/JEDS/article/view/19996/20524 Pages 78-81
  24. January 2015: Research Journal of Finance and Accounting. Vol.6, No.2, 2015. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online). Effect of Corporate Governance on Financial Performance of SACCOs in Kenya. Available at http://www.iiste.org/Journals/index.php/RJFA/search/results 48-58
  25. May 2014: Research Journal of Finance and Accounting. Vol.5, No.10, 2014. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online). What Are the Implications of Working Capital Management on Liquidity Risk? A Case of Listed Commercial Banks in Kenya. Available at http://www.iiste.org/Journals/index.php/RJFA/article/view/13054 page 34-49
  26. April 2014: Research Journal of Finance and Accounting. Vol.5, No.7, 2014. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online). What Are the Factors that Influence A Wide Interest Rate Band in Micro-Finance Institutions in Kenya? Available at http://www.iiste.org/Journals/index.php/RJFA/article/view/12301 page 19-32
  27. March 2014: Research Journal of Finance and Accounting Vol. 5. No. 4. ISSN 2222-1697 (Paper) ISSN 2222-2847(Online). What is the effect of the Rights issue on the Firm’s Share Performance? Available at http://www.iiste.org/Journals/index.php/RJFA/article/view/11289. Page 76-84
  28. December 2013: European Journal of Business and Management. Vol.5, No.32, 2013 ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Effectiveness of Electronic Inventory Systems on Customer Service Delivery in Selected Supermarkets in Kenya. Available at http://www.iiste.org/Journals/index.php/EJBM/article/view/9557 Page 46-59 
  29. November 2013: Research Journal of Finance and Accounting Volume 5 No 16. Do Earnings Announcement have an Effect on the Level of Efficiency on the Nairobi Securities Exchange? This paper is available at http://www.iiste.org/Journals/index.php/RJFA/article/view/8310/8592 Page 148-165
  30. October 2013: Research Journal of Finance and Accounting Volume 4 No 15. Do Stock Splits Affect the Ownership Concentration of Firms Listed at the Nairobi Securities Exchange? Page 105-118. This paper is available at http://www.iiste.org/Journals/index.php/RJFA/article/view/8310/8592
  31. August 2013: European Journal of Business and Management Volume 5 No. 19 2013 ISSN 2222-1905 (Paper) ISSN 2222-2839. The article is titled: Effects of Credit Risk Management Practices on the Lending Portfolio among Savings and Credit Co-operatives in Kenya. This paper is available http://iiste.org/Journals/index.php/EJBM/article/view/7277/7436 Pages 93-107
  32. March 2012: Journal of Business Economics and Finance volume 1 issue 1. Does Cross-Border Listing (Still) Improve firm financial Performance in Eastern Africa? This paper is available at http://www.jbef.org?p=vol 1 page 92-109
CONFERENCES & INVITED PRESENTATIONS
  1. September 2011: Presented a paper at the 7th Moi University Conference. Title of the paper; Comparative analysis of Regional Cross-listing and its effects on Firms Financial Performance; the case of Kenyan Listed Firms
  2. YouTube Training Platforms. 
    1. Kenya Institute of Management Webinar Training on: Lessons from the Rich on Asset Investment & Breaking the Consumption Trap. This is available at: https://youtu.be/vff_rdmScGo?si=fFoJ37Vnt1URqf85
    2. Employed People and Side Hustles Financed by Loans. This is available at: https://youtu.be/ODuTH7uei-Q?si=4wbWTxfHTn6GdSNa
    3. Consumption Trap and Lessons from Singapore. This is available at: https://youtu.be/hrPoBntGWS0?si=f9CkZ1Qr7FoOv12l
    4. Financial Independence Part 2: Expenditure. This is available at: https://youtu.be/7iewR_gd1zs?si=oquw9J9ymCk1_RJ-
    5. Financial Independence Part 1: Incomes. This is available at: https://youtu.be/KDLKubl6v9k?si=capE0ijH056DgpHK
    6. Are You in A Sacco for Returns, Loans or Both? This is available at: https://youtu.be/6MUIxh8Tk_8?si=eJBCuCN4f_p28jt0
    7. Sacco Loan Net Member Costs Computation and Presentation. This is available at: https://youtu.be/c-KJTdFqkgI?si=li0N35HGBnWlXTvD
    8. Considerations To Make Before Taking a Loan. This is available at: https://youtu.be/IB80400vk6A?si=jc0tgL3u_P1S6ce8
    9. Black Tax: What Do You Need to Know About It? This is available at: https://youtu.be/cDM5BUqNg-E?si=kxOl7hP29mv8zOnb
    10. Savings Challenge Demonstration. How You Can Increase Your Money Exponentially. This is available at: https://youtu.be/FzPVMy-Vohs?si=H3yLvPehXzY7FR3z
    11. Money Matters Training: Investing Vs Hustling. This is available at: https://youtu.be/Rk4C49vF5m0?si=RWPR3UUbfUWQBUpI
    12. Investing in Short Term Platforms, What Do You Need to Know? This is available at: https://youtu.be/egiitX9Dimg?si=qYz1DAUY1UU2v89A
    13. Businesses That You Can Start with As Little as Kes. 10,000. This is available at: https://youtu.be/kKxPsjj1MFQ?si=wPc8x1p_5ge_cqAN
    14. Creating Stable Self Pension Scheme with as Little as Kes. 2,000. This is available at: https://youtu.be/krS5dnkwXok?si=choujYA96Gc2iHGI
    15. Of the Various Methods of Charging Interest, Which is the Cheapest? This is available at: https://youtu.be/ZHDC6uZyD5A?si=n9k2kNesn3Lf4_mp
    16. The Need for Depreciating Assets in a Business. This is available at: https://youtu.be/6S4DYBi0lzw?si=Ozk8nop-eOwYdx6C
    17. Quitting Your Business Before It Sinks; Experience from Naushad Meralli. This is available at: https://youtu.be/KsZvblJkHFk?si=A8Csjm2cSYHG3v6m
    18. If You Must Be Broke, Let It Be Before Your Thirties. This is available at: https://youtu.be/hOhhgJKHtVU?si=Oow1jP4cByUof_XD
    19. From Poverty To Prospertity, How Does It Happen? This is available at: https://youtu.be/1VAkCIitPnw?si=ZOs5HvprwsmCp-xQ
    20. When Do You Replace or Dispose Your Asset? This is available at: https://youtu.be/FUmgW3JmnVc?si=9eNY2VgMv7aaCUPU
    21. The Rich Invest in Income Generating Assets, The Middle Class Invest in Liabilities Disguised as Assets, The Low Income Just Consume. This is available at: https://youtu.be/8SPjBUK6Nj0?si=sk0SpRRbKjd3K2Pk
    22. Avoid Get-Rich-Quick Investments. This is available at: https://youtu.be/6-paAKkFZMw?si=a49_oUaNOYGOHetD
    23. For Savings to Work, Keep Your Money in an Inaccessible Place. This is available at: https://youtu.be/XFpSzzsRssE?si=_iNgpFB8ZmeHp_V4
    24. What Considerations Do You Make When Choosing a Sacco? This is available at: https://youtu.be/TaU9SYVi7Fw?si=UYhIHXfH-dTThHBg
TEACHING AREAS

I have been teaching in the areas of Accounting and Finance course at both undergraduate and post graduate levels. During the course of my work, I have developed E learning templates on the following units:

  • BACT 211: Accounting For Assets
  • BACT 310: Advanced Financial Accounting I
  • BACT 312: Advanced Financial Accounting II
  • BFIN 331: Monetary Theory and Practice
  • BMGT 403: Management Research Project

 

 

 

POSTGRADUATE SUPERVISION
MASTERS LEVEL :
  1. LAGAT, FREDRICK KIPROP: EFFECTS OF CREDIT RISK MANAGEMENT ON LENDING PORTFOLIO AMONG SAVINGS AND CREDIT CO-OPERATIVES IN NAKURU COUNTY
  2. CHAMWAMA E. ALICE: EFFECT OF TREASURY RISK MANAGEMENT ON LIQUIDITY PERFORMANCE OF KENYAN DEPOSIT TAKING SACCOs: CASE OF NAKURU COUNTY
  3. ANDREW AGENGA ORIWA: EFFECTS OF TURNOVER TAX INCENTIVES ON TAXPAYERS’ COMPLIANCE LEVEL IN INFORMAL SECTOR, THE CASE OF ELDORET TOWN
  4. ANTHONY KIMATHI: AN ASSESSMENT OF FACTORS AFFECTING LIQUIDITY RISK MANAGEMENT PRACTICES IN MICROFINANCE INSTITUTIONS IN NAKURU COUNTY
  5. ALEX K BARSEMOI: RELATIONSHIP BETWEEN FOREIGN EXCHANGE RISK MANAGEMENT TECHNIQUES AND PROFITABILITY OF LOCAL BASED MULTINATIONAL CORPORATIONS LISTED IN KENYA
  6. BOAZ KIPTOO SIMBA: EFFECT OF BORROWERS INFORMATION ON CREDIT RISK MANAGEMENT: A CASE OF MICROFINANCE INSTITUTIONS IN NAKURU TOWN
  7. COLLINS KAPKIYAI: EFFECT OF GROUP LENDING ON ACCESSIBILITY OF MICRO CREDIT FACILITIES AMONG LOW INCOME HOUSEHOLDS IN KEIYO SOUTH DISTRICT, KENYA
  8. EMILY JERUTO KIBOR: AN INVESTIGATION INTO THE EFFECTS OF SELECTED FINANCIAL POLICIES ON ORGANIZATIONAL PERFORMANCE (A SURVEY OF RIFT VALLEY WATER SERVICES BOARD NAKURU COUNTY)
  9. EMMY CHEROTICH KOECH: PREDICTION OF FINANCIAL DISTRESS IN THE LIGHT OF FINANCIAL CRISIS: A CASE OF LISTED FIRMS IN KENYA
  10. ENOCK KIPKIRUI KOECH: EFFECT OF CORPORATE SHAREHOLDING STRUCTURE ON DIVIDEND POLICY OF FIRMS LISTED IN NAIROBI SECURITIES EXCHANGE
  11. IDD MATANO MANGWA: AN ANALYSIS OF THE RELATIONSHIP BETWEEN PORTFOLIO SELECTION AND PERFORMANCE OF LARGE CAPITALIZATION STOCKS IN KENYA
  12. AGNES CHEPKORIR: INFLUENCE OF PORTFOLIO DIVERSIFICATION ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS LISTED ON NAIROBI SECURITIES EXCHANGE, KENYA
  13. OTIENO KENNEDY OMONDI: AN ASSESSMENT OF THE EFFECTS OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE OF SAVINGS AND CREDIT COOPERATIVES (A SURVEY OF NAKURU CENTRAL BUSINESS DISTRICT SAVINGS AND CREDIT COOPERATIVES)
  14. KEROSI O. DAVIS: THE RELATIONSHIP BETWEEN CAPITAL STRUCTURE AND PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE
  15. MARGARET M. MICHOMA: EFFECT OF AGENCY BANKING OPERATION ON PROFITABILITY OF COMMERCIAL BANKS: A SURVEY OF SELECTED COMMERCIAL BANKS IN KENYA
  16. BEATRICE CHEPKOECH MURSOI: EFFECT OF GROWTH OF DEPOSIT TAKING CREDIT UNIONS ON FINANCIAL SECTOR DEVELOPMENT IN KENYA
  17. OWINO OTIENO ROBERTT: AN ASSESSMENT OF FINANCIAL FACTORS AFFECTING THE SUSTAINABILITY OF COMMUNITY BASED SACCOs IN NAKURU COUNTY, KENYA
  18. RACHEAL KARUGENDO: DETERMINANTS OF FINANCIAL PERFORMANCE OF YOUTH GROUP INVESTMENTS IN NAKURU COUNTY. A Case of Youth Enterprise Development Fund Enterprises in Nakuru County
  19. ROBERT KIBET LANGAT: EFFECT OF CAPITAL STRUCTURE ON THE PROFITABILITY OF KENYA TEA DEVELOPMENT AGENCY FACTORIES: A SURVEY OF TEA PROCESSING FACTORIES IN KERICHO AND BOMET COUNTIES
  20. TIMOTHY MAINA RIMU: EFFECT OF STOCK MARKET VOLATILITY ON PROFITABILITY OF LISTED COMMERCIAL BANKS IN KENYA
  21. RONALD YATICH SIRIKWO: EFFECT OF LISTING ON THE FIRM VALUE OF QUOTED INSURANCE FIRMS IN THE KENYAN BOURSE
OTHER SOCIETIES

Institute of Certified Public Accountants (ICPA K)

Institute of Certified Investments and Financial Analysts (ICIFA K)

Treasurer, Egerton University Sacco Society Ltd

Copyright © 2025 Egerton University
"Transforming Lives through Quality Education"