Account receivables have been a majo`r problem for most utility service providers especially those still dealing with the post payment method where services are rendered before payment are made. This study sought to find out effect of the average collection period and financial performance. The study obtained secondary data spanning from 2012 to 2016 from Kenya national audit office and Nzoia Water Services Company published financial statements. The study employed explanatory research design and data was collected from secondary data and analyzed using regression and correlation analysis and found the relationship between financial performance. From the findings the mean average collection period was 309.90 days, accounts receivable turnover had a mean of 1.1980, size of the region (7.5870). The results showed that NZOWASCO, financial performance variable Return on Equity (ROE) was significantly affected with average collection period with negative correlation-0.232. According to the regression equation established, taking all factors into account; Average collection period on financial performance of NZOWASCO measured by ROE was - 0.505.The study recommended that the organization reduce average collection period in order to improve their financial performance of the organizations.

Advances in innovation and changing financial conditions have made driving force for this change. Because of serious global rivalry, divided and requesting markets and the quickly evolving advances, developments have turned out to be a standout amongst the most important elements for business banks. The present investigation was prompted by the present difficulties in the managing an account division. With the closure of Imperial Bank and Chase bank in Kenya being put under receivership, it was clear that were not challenges in the saving money division and Central Bank of Kenya should take measures to protect customers from future misfortunes. The principle goal of this investigation was established the influence of financial innovations on the financial performance of commercial banks in Kenya. Causal research design was used to complete this investigation. The objective population for this study included 215 workers of business banks in Kenya. The sample estimate was 170 respondents that was collected using stratified random sampling. Inferential statistics was used to produce the results. The findings indicated that innovation significantly affected financial performance. The highest direct contributor come from mobile banking based on the levy and charges used and its convenience. Online banking, EFT and agency banking were not significant predictors but was indirectly like to financial growth in liquidity aspect. It provided more customer base as well as open new untouched market. The research recommended that agency and online banking should be exploited further as a potential area for more financial performance this can be done through introduction of mobile operated applications. Further research should also be done in the two areas.

Purpose: This study investigated the decline in the NSE N20, Kenya share index by examining the effects of Earnings announcements on the security trade volumes of companies listed on the NSE, Kenya, from 2013 to 2017. The study formulated a hypothesis that Earnings announcements did not significantly affect the security trade volumes of companies listed on the NSE, Kenya, applied Signaling theory, efficient market hypothesis, and Market expectation theory.Methodology: The study used the event study methodology, a mixed research design, and the ANOVA technique from 25 listed companies, collected secondary data using schedules and primary data using questionnaires.Findings: The study found the effect of Earnings announcements on the trade volumes to be insignificant. Hence, it concluded that earnings announcements did not affect the security trade volumes of companies listed on NSE, Kenya.Unique Contribution to Practice and Policy: The finding of this study will provide the market players with a better understanding of how Earnings announcements affect the security trade volumes; provide the policymakers with a basis of designing policies, regulating and controlling financial markets, complement existing studies in this area and strengthen the foundation for further research.