dr lucy

Position: Lecturer
Department: Business Administration 
Contact Address: P.O. Box 43844-00100, Nairobi

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Dr Lucy Wamugo Mwangi is a lecturer in the school of business, department of accounting and finance. Dr Wamugo holds a PhD (Finance) degree from Kenyatta University, an MBA (Accounting) and Bachelors of Education (Accounting and Economics) degrees both from the University of Nairobi. Dr Wamugo is also a fully qualified Accountant (CPA) and a member of ICPAK.

Dr Wamugo has extensive experience in Education management, having served in various administrative position. She is a former CEO of Summit Institute of Professionals Ltd. She has served as the acting director- City Campus, Kenyatta university in addition to undertaking variousmanagerial responsibilities. Dr Wamugo has also served as the school of business programmes coordinator in city campus. Dr Wamugo is a staff mentor at Kenyatta university.

Dr wamugo has served and is serving in various university committees at the university which include departmental curriculum development and review committee, school of business curriculum review committee, City Campus OSHA committee among others. Dr. Wamugo has also been involved in various curriculum development/reviews, such as , Curriculum development of Diploma in Accounting, Diploma in Banking, MBA Accounting specialization among others; Review of the MSc (finance) program;  Review of the PhD (in Business) program and Review of the Executive MBA Program, review of Bcom Program among others.

Dr. Wamugo has extensive experience in research having successfully supervised dozens of MSc (Finance), MBA and PhD students at Kenyatta University and in other universities. In addition, She serves as examiner for MSc (Finance), MBA and PhD thesis for Kenyatta University and an external examiner for St Pauls University and Management University of Africa (MUA).

Dr Wamugo is also an accomplished author having authored Three Titles in the field of Accounting and magement. Dr. Wamugo has published dozens of academic papers and empirical work in Refereed journals besides presenting papers in several international conferences.

 Research Publications

  • Francis K. Gitagia.F.K, Wamugo.L.M, Omagwa,J.(2020):Dividend Decisions, Economic Growth and Firm’s Value of Firms Listed at Nairobi Securities Exchange Kenya. Reseach Journal of Accounting and Finance. Vol.11, issue 18
  • Onsongo.K., Muathe.S, Mwangi .L.(2019)Firm Size, Operational Risk and Performance: Evidence from Commercial and Services Companies Listed in Nairobi Securities Exchange, International Journal of Current Aspects 3 (VI), 372-379
  • Marangu.K., Muathe,S., Mwangi. L(2019) Secondary Equity Offer Announcements and Share Returns at Nairobi Securities Exchange, Kenya, International Journal of Financial Research. Vol. 10, No. 6
  • Onsongo.S.K., S Muathe, S.M, Mwangi.L.M.(2019) Firm Size, Operational Risk and Performance: Evidence from Commercial and Services Companies Listed in Nairobi Securities Exchange, International Journal of Current Aspects 3 (VI), 372-379 3
  • Musau, S., Muathe, S., & Mwangi, L. (2018). Financial Inclusion, Bank Competitiveness and Credit Risk of Commercial Banks in Kenya: International Journal of Financial Research. Vol 9, No 1ISSN 1923-4023(Print) ISSN 1923- 4031(Online
  • Kiemo.M. ; Olweny, S.M.; Muturi, T..O.; Mwangi, W. L.(2018)The Moderating Effect of Economic Growth on The Relationship Between Bank-Specific Determinants of Commercial Banks Financial Stability in Kenya: International Journal of Economics, Commerce and Management United Kingdom.Vol 6(9),121-146
  • Musau. S; Muathe. S, Mwangi, L(2018) Financial inclusion, GDP and credit risk of commercial banks in Kenya, International Journal of Economics and Finance.Vol 10(3), 181-195
  • Musau, S., Muathe, S., & Mwangi, L. (2017). Effect of Financial Inclusion on Liquidity Risk of Commercial Banks in Kenya. International Journal of Economics and Finance 6 (12), 58 – 76
  • Kitukutha, M. N., Wamugo, L.M(2016)Capital Structure and The Cost Of Capital Of Firms Listed At The Nairobi Securities Exchange, Kenya. International Journal of Finance And Accounting ISSN 2518-4113 (Online) Vol.2, Issue 4, No.5 pp 84 - 105, 2017
  • Mungai ,S .N. and Wamugo L.M .(2016)Construction Cost And The Growth in Supply Of Real Estate Housing In Kenya .American journal of finance Vol.1, Issue 1 No.1, pp 56 - 73, 201
  • Mwangi, L. W., Muathe, S.M., Kosimbei, G. (2014). Effect of Working Capital Management on Performance of Non-Financial Companies Listed In NSE, Kenya. European Journal of Business and Management. ISSN (Paper) 2222-1905 ISSN (Online) 2222-2839. Vol.6, No.11, 2014. www.iiste.org
  • Mwangi, L.W., Muathe, S. M., Kosimbei, G. (2014). Relationship between Capital Structure and Performance of Non -Financial Companies Listed In the Nairobi Securities Exchange, Kenya. Global Journal of Contemporary Research in Accounting, Auditing and Business Ethics. (ISSN: 2311-3162) 2014 Vol: 1 Issue 2. www.globalbizresearch.org
  • Murigi R W, Wamugo. L. M (2019) Credit Risk Management Practices and Financial Performance of Listed Agricultural Firms Listed at Nairobi Securities Exchange, Kenya. International Journal of Business Management and Finance, Vol.2, issue 1
  • K Marangu, S Muathe, L Mwangi (2019) Firm Factors and Share Returns of Secondary Equity Offers at Nairobi Securities Exchange, Kenya. International Journal of Economics and Finance; International Journal of Economics and Finance; Vol.11, issue No. 6; 2019 ISSN 1916-971X E-IS 4
  • Kiemo, S.M. Olweny, T. O. Muturi, W.M. Mwangi, L. W(2019)Bank-Specific Determinants of Commercial Banks Financial Stability in Kenya. Journal of Applied Finance & Banking, Vol.9,issue 1


 Conferences/Workshops/Seminars Presentations 

  • Nalimae. S. N, Mwangi. L. W., Simiyu. E.M.(2020):Capital Adequacy and Revenue Efficiency of Selected Insurance Companies in Kenya . International Business research and industrial conference at Kenyatta university, December 3rd - 4 th ▪ Nthimba. A.N., Mwangi. L.M., Jagongo. A.(2020) Fund Size Effect on Performance of Unit Trust Funds in Kenya. International Business research and industrial conference at Kenyatta university, December 3rd -4 th

  • Kerubo. S. O., Mwangi. L. W., Muathe. S.M.(2020): Firm Size, Financial Risk and Financial Performance. Evidence from Commercial and Services companies listed in Nairobi Securities Exchange. International Business research and industrial conference at Kenyatta university, December 3rd -4 th .

  • Gitagia, F.K., Wamugo.L.M., Omagwa.J.O(2020): Capital Structure, Corporate Investment And Firm’s Value Of Selected Firms Listed At Nairobi Securities Exchange, Kenya. International Business research and industrial conference at Kenyatta university, December 3rd -4 th

  • Ngigi .S., Wamugo.L.W., Koori.J(2020)Credit Risk Management and Performance of Mortgage Lending Commercial banks in Kenya. International Business research and industrial conference at Kenyatta university, December 3rd - 4 th

  • Musau, S., Muathe,S., & Mwangi, L., (2017): Deepening financial inclusion and stability of Commercial Banks in Kenya: Synergies and Trade-offs. A paper presented during the 6th Annual Banking Research Conference at Radisson Blue Hotel on September 28th – 29th, 2017

  • Musau, S., Muathe,S., & Mwangi, L., (2017): Finacial access, competitiveness and stability of commercial banks in Kenya Gretsa university Kenya 6th and 7th November 2017

  • Mwangi, L.W., Kosembei, G. & Muathe, S.M. (2017): Interaction Effect of Financing Decisions on Performance of Non- Financial Companies Listed on NSE, Kenya. International conference on Entrepreneurship, Business and Technology at Methodist University College, Accra Ghana on March 27th – 28th , 2017

  • 2014,Mwangi, L. W. (2014).Effects of financing decisions on performance of non-financial companies listed in Nairobi securities exchange. A paper presented at Kenyatta University Post Graduate Seminar.
  • 2008,Attended ACCA seminar. Theme: “The future landscape of the finance professional.

Publications in Referenced Journals