School of Business
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Item Financial management practices and financial performance of technical and vocational education and training institutions in Kenya(KCA University, 2025) Joseph, Patrick M.This study examined the relationship between financial management practices and the financial performance of technical and vocational education and training institutions in Kenya. The TVET sector plays a key role in equipping learners with the technical, vocational, and entrepreneurial skills necessary to support Kenya’s socio-economic transformation and the realization of Vision 2030. Despite increased government funding, many public TVET institutions continue to face significant financial and sustainability challenges due to weak fiscal oversight and resource mismanagement. This study aimed at examining the influence of financial planning, budgeting, internal controls, financial reporting and evaluated the moderating role of governance on the financial performance of these institutions. A descriptive, mixed-method research design was used to collect data from principals and finance officers across the 42 sampled public TVET institutions. Descriptive and regression analyses showed that financial reporting had the strongest positive effect on financial performance, followed by internal controls, financial planning, and budgeting. The results also indicated that effective governance significantly enhanced the relationship between these financial practices and overall institutional performance. The study concluded that effective financial management practices while reinforced by good governance practices are essential for accountability, transparency, and sustainability in TVET institutions. The study recommends continuous capacity building for principals and finance officers, participatory budgeting and automation of financial systems to strengthen institutional performance. These measures are critical to strengthening institutional performance and ensuring that public resources are utilized efficiently to meet the nation's human capital development goals.Item The Role Of Governance In Management Of Devolved Funds A Case Study Of Constituency Development Fund Kajiado North(KCA University, 2013) Putita, Morris K.The CDF was introduced in Kenya for decentralization of decision making at the grass root level generally intending to take the bottom up approach rather than the top down approach used before in development initiatives. The fund has faced numerous challenges among them management and governance issues especially in accountability and transparency. The study’s purpose is establishing the role of governance on the management of devolved funds and in specific on the Constituency Development Fund (CDF). The study was undertaken in Kajiado North Constituency where the researcher used a descriptive research design approach to determine the role of governance in management of devolved funds. The study used a randomly selected sample drawn from the constituency using the rule of thumb. The sample was calculated from the urban population in Kiserian, Ongata Rongai and Ngong towns. The data was collected through questionnaires that were self administered and data analyzed using both qualitative and quantitative methods. The study established that good governance is a pre-requisite to the success of the devolved fund but had not been enhanced in issues such as increasing accessibility which still remains low and in ensuring that community participation is highly encouraged. The study’s findings are significant to the literature on public governance and on the CDF score card as shown by evidence of loopholes in the policy framework and a management that lacks to fully appreciate good governance in the management of devolved funds especially in community participation. Good governance can therefore be achieved in encouraging the CDF management through the CDFC and CDC as well as other stakeholders to ensure that there are policies that ensure efficiency, there are methods of accountability and community are participative in the decision making process. The study also found that set policies should be reviewed so as to make clear the aspects of good governance that is required of the management of the CDF.Item Effect Of Corporate Governance On Performance Of Tea Factories Managed By Kenya Tea Development Agency(KCA University, 2014) Karuma, Livingstone M.In the recent past, many organizations in Kenya have experienced the performance and management challenges as a result of ineffective corporate governance practices. Organizations which fail to practice good corporate governance eventually fail to win public confidence which may lead to an eventual collapse. The general objective of this study was to investigate the effect of corporate governance practices on the performance of Tea Factory Companies in Kenya which are managed by KTDA. The general research question was: what is the effect of Corporate Governance practices on the performance of KTDA managed Tea Factory Companies in Kenya? A survey of twenty companies in Kenya out of the possible 54 tea factory companies under the management of the Kenya Tea Development Agency Limited (Managing Agent) was undertaken. In order to answer the intended research questions, the study focused on disclosure of information, stakeholder participation and the composition of the factory boards. Through stratified sampling, factories were grouped into three categories; according to performance in the term's end year bonus payout that is the highest performing, middle and the lowest performing companies. The first best performing and the last ten worst performing factories in three consecutive years were selected. The target population was 432 being 324 directors, 54 managers and 54 accountants. The sample constituted of twenty directors, twenty managers and twenty accountants. The main data collection instrument was a semi structured questionnaire. Secondary data was gathered through a documentary review of the financial reports years ending June 2010, June 2011 and June 2012, a period covering the financial years of the Tea Factories Companies. The descriptive statistical approach was adopted. Response frequency, percentages, mean, standard deviation and variance were computed and findings presented through use of tables, figures and bar charts. Finding indicated that explanation of the reports during the AGM as well as the books of accounts, enhanced understanding and acceptance of financial reports of the tea factories to the shareholders to a very large extent. Additionally, the study concluded that Tea Factory Companies consider the board of directors as a crucial organ in determining the effectiveness of corporate governance, hence enhanced Tea Factory Company’s performance. Finally, the study concluded that that management acknowledges the shareholders during Factory Company meetings, level of stakeholders’ participation is effective, stakeholders are comfortable with their involvement in performance improvement of the Tea Factory Companies and that all the stakeholders are involved in the annual report compilation and that decision making process involves the participation of all stakeholders. The overall implication is that; corporate governance practices have a significant influence on the performance of KTDA managed Tea Factory Companies in Kenya.