Effect of corporate risk management disclosure on financial performance of non-financial service firms listed at Nairobi Securities Exchange, Kenya

Kimathi, Henry; Wabwire, Joseph Masinde; Gatimbu, Karambu Kiende

doi:10.1504/ijbcrm.2017.10007173

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“…Demba (2012) in her research on the financial management practices and performance of Kenya Medical Training Colleges (KMTC) found that financial reporting and careful record keeping have a significant impact on the performance of KMTC. Kiita (2013) observed a positive impact of financial management practices on the financial performance of a shipping company, while Muchiri (2017) observed a significant positive effect of financial management practices on non-financial companies listed on the Nairobi Securities Exchange.…”

Section: Empirical Reviewmentioning

confidence: 99%

Financial Management Practices and Financial Performance of Table Banking Self-Help Groups in Kenya

Ali

2024

AJOCS

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Effective financial management is critical to the sustainability and growth of organizations, including support groups such as table banking groups. Table banking involves pooling members' financial resources to provide loans at reasonable interest rates to improve their socioeconomic status. This study examines the impact of financial management practices on the performance of self-help groups using the table banking model in Kenya. Theoretical frameworks, including monetary theory and financial theory, guide the investigation alongside empirical findings from previous studies. The study examines the importance of record keeping, debt management, credit assessment and cash flow management in improving the financial performance of table banking self-help groups. The results highlight the importance of these practices in maximizing savings, facilitating credit, and ultimately promoting economic empowerment within communities. The study concludes that financial management practices play a crucial role in shaping the performance of self-help groups engaged in table banking. By adopting effective strategies such as record keeping, debt management, credit assessment, and cash flow management, these groups can improve their financial stability, promote prudent lending, and ultimately contribute to poverty alleviation and economic development.

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Section: Empirical Reviewmentioning

confidence: 99%

Financial Management Practices and Financial Performance of Table Banking Self-Help Groups in Kenya

Ali

2024

AJOCS

View full text Add to dashboard Cite

show abstract

Effect of corporate risk management disclosure on financial performance of non-financial service firms listed at Nairobi Securities Exchange, Kenya

Cited by 1 publication

References 0 publications

Financial Management Practices and Financial Performance of Table Banking Self-Help Groups in Kenya

Financial Management Practices and Financial Performance of Table Banking Self-Help Groups in Kenya

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