Effect of Financial Management Practices On Profitability Of Matatu Transport Industry In Kenya

Mwangi, Joseph Kimani; Otuya, Robert; Kamau, David K.

doi:10.9790/5933-05590100

Cited by 2 publications

(4 citation statements)

References 6 publications

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“…An additional study of (DEMBA 2013) discovered relationship, financial management practice with financial performance, and the researchers found a positive relationship between the two variables except for one variable that is the financial decision and financial performance. The results of this study confirmed the views expressed by (Mwangi, Otuya, and Kamau 2014) that financial management practice subsidizes to improve financial performance and reduce mismanagement for the finance.…”

Section: Discussionsupporting

confidence: 84%

“…These results were supported past studies as effective financial management practice on financial performance, which are generally seen as a motivation toward well-managed assets, growing profitability; the rewarded employees keep getting better. Firm growth, at the minimum within positive situations, has been shown to be positively relationship having a positive impact on financial performance (Chen, Jung, and Chen 2011), (DEMBA 2013), (Mwangi, Otuya, and Kamau 2014), (Yassin et al 2013). As a result, the findings are confirmed with some of the theoretical and experimental studies in the field of financial management practice on financial performance.…”

Section: Discussionmentioning

confidence: 99%

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Financial Management Practices and Financial Performance of Service Companies in Somalia

Ali¹,

Isak²

2019

RJFA

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The objective of this study was to witness the effect of the financial management practice on the financial performance services companies in Somalia. This study viewed the effect of financial management practice of all the mechanisms of financial management those were specifically; working capital, investment decision and financial decision of the services companies in the Mogadishu area. The study employed explanatory and descriptive research design. A sample of 145 respondents was selected using the stratified sampling technique.. The data collected through a cross sectional questionnaire.The findings discovered that Working capital, investment decision, are significant determinants of financial performance of the services companies in Somalia. The findings indicated that the most important variable in the model was investment decision (β = 0.544). This was followed by working capital management (β = 0.419), while financial decisions were (β=-0.010.), these showed rejected. The study, therefore, recommends that services companies in Mogadishu needed to have Working capital management policy and investment decision policy which were impacted positively on the overall financial performance.

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Section: Discussionsupporting

confidence: 84%

Section: Discussionmentioning

confidence: 99%

Financial Management Practices and Financial Performance of Service Companies in Somalia

Ali¹,

Isak²

2019

RJFA

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“…Ochieng (2018), asserts that fraud is one of the major contributors to losses in the financial sector in Kenya. A similar observation was made by Ngui (2018) who identified fraud as one of the major causes of concern for many sectors of the country.…”

Section: Introductionsupporting

confidence: 74%

“…They recommended that the banks should put in place effective fraud risk management mechanisms to improve their performance. Ngui (2018) did a study on the effect of financial fraud risk management practices on the profitability of state corporations in Kenya. The techniques used for fraud prevention included staff rotation, employee and third-party screening, training, internal audit, and security checks.…”

Section: Literature Reviewmentioning

confidence: 99%

Fraud risk management and financial performance of microfinance institutions in Kenya

Mosoti,

Wafula,

Nyangau

2023

IJRBS

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Fraud is a thorn in the flesh of many organizations in both local and global business ecosystems, more so in the financial sector because of the liquid nature of their services. To curb this menace, Financial Institutions including Microfinance institutions implemented fraud risk management practices. While larger financial institutions afford raft measures for curbing fraud, MFIs contend with less sophisticated practices in spite of them being the most susceptible to financial improprieties. Further, the determination of the overall effect of these practices on financial performance is critical in evaluating their success. The objective of this study therefore was to find out how fraud risk management practices affect the financial performance of Microfinance Institutions in Kenya. The study was anchored on the fraud management life cycle theory and focused on twelve deposit-taking Microfinance Institutions that were in operation in the Nairobi region of Kenya between 2016 to 2020. The study adopted a descriptive research design using cross-sectional data computed from the average financial results for five years 2016-2020. The study used purposive and stratified Random sampling methods to select a sample of 281 respondents from finance, ICT, operations, Audit, and Litigation managers and staff. The study used descriptive and inferential statistics to analyze the data. The results showed that fraud risk management positively and significantly affected financial performance by curbing incidents of fraud and concluded that to improve financial performance microfinance institutions should implement fraud risk management since they had a positive and significant effect on financial performance. The study recommended that firms should invest substantially in fraud risk management to reduce incidences of fraud and improve financial performance. Further, the management of Microfinance Institutions should continually evaluate and update their practices to keep abreast with the ever-changing fraud antics.

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Effect of Financial Management Practices On Profitability Of Matatu Transport Industry In Kenya

Cited by 2 publications

References 6 publications

Financial Management Practices and Financial Performance of Service Companies in Somalia

Financial Management Practices and Financial Performance of Service Companies in Somalia

Fraud risk management and financial performance of microfinance institutions in Kenya

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