This study analyzed the factors influencing the performance of 41 non-financial companies listed on the Nairobi Securities Exchange (NSE) using panel data over the period 2003 to 2013. A Hausman test results suggested the application of a random effects model for ROA and a fixed effects model for ROE. The empirical results of the estimation of both ROA and ROE show that corporate governance was statistically significant in determining the performance of firms and it had the expected sign (Positive). The leverage of the firm also had the expected negative sign and was statistically significant in explaining the performance of companies. Firm size and liquidity were however found to be statistically insignificant in determining the performance of these firms. Consistent with previous studies, the study concluded that board size, board independence and liquidity are key determinants of a firm's financial performance. Consequently, the study recommends that a firm should ensure optimal board size, board independence (i.e., increase the number of non-executive directors and sound liquidity management. The study recommends comparative studies to be undertaken on the factors influencing the financial performance of the financial and nonfinancial companies listed at the Nairobi securities exchange as well as those not listed. In addition, it recommends that further studies could be extended to analyze the factors influencing the performance of companies at crosscountry level such as within the East African Community.

Risk attitude is one of the most important behaviors of managers in any company that affects decisions regarding consumption, saving and investing. Credit management on the other hand, is necessary in real estate organizations to ensure financial stability and business continuity. This study sought to examine the association between attitude to risk of credit managers and the efficiency of credit management in real estate investment trusts operating in Kenya. The study found out that 71.9% of credit managers are risk-averse while 28.1% are risk seekers. The study evidenced that risk seeking credit managers are associated with lower credit management efficiency. This result has implications for credit management practice; vetting of credit managers is essential because of their attitude to risk. This could improve the efficiency of credit management operations.

Purpose: The main objective of this study was to examine the effect of wage bills on financial performance of Level 5 faith based hospitals in Nairobi Metropolitan, Kenya. Materials and Methods: A descriptive survey was used in this study. The target population comprised of 6 Level 5 faith based hospitals, 30 staff members in Finance departments and 6 HR Managers. In total, the target population was 36. Census technique was used to select all the 36 respondents to participate in the study. Questionnaires were used to collect the data from the respondents whereas the financial statements were also obtained from the hospitals. Cross sectional technique was used to obtain data from the financial statements of the 6 Level 5 Faith Based Hospitals. Quantitative approach of analysis was used in the study whereby descriptive and inferential statistics were involved. The data was analyzed with the use of SPSS and summarized in frequencies and percentages. The summarized data was presented using figures and tables. Results: The findings showed that salaries affected the financial performance of the faith based hospitals to some extent. Provision of performance related incentives and allowances affect the financial performance of the faith based hospitals to a greater extent. Majority of the respondents were positive that wage policy has an effect on the financial performance of faith based hospitals. Basic salary (Beta=.298) and wage policy (Beta=.364) were found to be positively related to the financial performance of faith based hospitals. On the other hand, performance related incentives and allowances had a negative inverse association. It was also found that majority of the hospitals are providing a wage bill between 36-40%. This is fairly good because it is close to the internationally accepted wage bill percentage standard of 35%. Unique contribution to theory, practice and policy: Hospital wage bills should not exceed 40 per cent of the total revenue because it may lead to delayed payment of salaries or compromising some expenditure due to financial pressure.

Organizational strategic feasibility studies are critical in mitigating uncertainty in the business environment and enhancing growth and performance. This study sought to ascertain the role of feasibility studies in the sustainability of supermarkets in Nairobi County, Kenya. The study's specific objectives were to determine the impact of technical feasibility, economic feasibility, operational feasibility, and legal feasibility on the sustainability of supermarkets in Nairobi County, Kenya. A descriptive research design was used for the study. The study's target population was seven major supermarkets: Naivas, QuickMart, Cleanshelf, The Game Store, Chandarana, Eastmatt, and Carrefour. A questionnaire was used to collect primary data. Findings indicated that technical feasibility is positively and significantly related to the business sustainability of supermarkets in Nairobi County. The findings also revealed that economic feasibility is positively and significantly related to the business sustainability of supermarkets in Nairobi County. The findings revealed a positive and significant relationship between operational feasibility and business sustainability of supermarkets in Nairobi County. Finally, the findings revealed that the legal feasibility and business sustainability of Nairobi County supermarkets are positively and significantly related. The study concluded that technical feasibility, economic feasibility, operational feasibility, and legal feasibility all have a positive impact on supermarket business sustainability. The study recommends that supermarkets should become acquainted with the technical technology that is available on the market and evaluate those that are appropriate for their needs. Managers of Nairobi County supermarkets increase the level of internal and external benchmarking in their supermarkets for economic benefit assessments. Keywords: Technical Feasibility, Economic Feasibility, Operational Feasibility, Legal Feasibility, Sustainability & Supermarkets.

Efficiency on service delivery is about those with authority being answerable for their actions to the citizens, whether directly or indirectly, and managerial efficiency on service delivery is about making those with delegated authority answerable for carrying out agreed tasks according to agreed criteria of performance. The interest in efficiency on service delivery within public sector reform is a desire to make public sector staff more accountable for their decisions and actions. The purpose of this study was to determine the effect of public resource utilization on the efficiency of service delivery of the county government of Machakos. Specifically, the study sought to: establish the effect of equitable share utilization on the efficiency of service delivery of Machakos County Government, Kenya, determine the effect of own source revenue utilization on the efficiency of service delivery of Machakos County Government, Kenya, to assess the effect of donor funding utilization on the efficiency of service delivery of Machakos County Government, Kenya and investigate the effect of conditional grants utilization on the efficiency of service delivery of Machakos County Government, Kenya. The study additionally sought to determine the moderating effect of county service delivery principles on the relationship between public resource utilization and efficiency of service delivery of the county government of Machakos. The study was informed by Public Choice Theory of Budget, The resource-based view theory and the Rostow-Musgrave Model. The study adopted a descriptive research design and targeted all the employees of Machakos County totaling to 1,950. The study used a simple random sampling of 10% of the total population yielding 195 respondents as the sample size. The study used both primary and secondary data. Primary data was collected using structured questionnaire, while secondary data gathered using data collection sheet. The collected data was analyzed with the aid of SPSS using both descriptive and inferential statistics. The study used Pearson correlation to show the association between the independent variables and the dependent variable. The results were presented in tables, charts and bars. It was established from the findings that; money set by national government wasn’t used effectively for the current expenditure and that the county government was striving to collect and prudently utilized it’s owned collected revenue. External donors were observed as the leading source of income for development and that the county rarely received the equalization funds disbursed on an annual basis. The study recommends that the central government should monitor and evaluate the utilization of funds and disburse equalization funds timely. The county government on the other hand should uphold integrity in the utilization if funds and seek to generate more funds locally. Keywords: Public resource utilization, equitable share utilization, County own source revenue utilization, Donor funding utilization, Conditional grants utilization, Efficiency of service delivery, County service delivery principles