Browsing by Author "Maina, John Karanja"

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    Budgetary Controls and Financial Expenditure among Tier One Commercial Banks in, Nairobi County, Kenya
    (Kenyatta University, 2024-11) Maina, John Karanja
    This study examined the influence of budgetary control practices on financial expenditure among Tier 1 commercial banks in Nairobi County, Kenya. Specifically, it investigated the effects of budget planning, cash management, and audit control on financial outlays. The research was grounded in Agency Theory, Resource Dependency Theory, and Institutional Theory. A quantitative methodology was employed, utilizing a cross sectional survey design. The study targeted a purposive sample of Tier 1 commercial banks in Kenya. Data was collected through self-administered questionnaires and analyzed using both descriptive and inferential statistical techniques. The findings revealed that budget planning, cash management, and audit control practices all had significant positive influences on financial expenditure in Tier 1 commercial banks. A strong positive correlation was found between these budgetary control practices and financial expenditure. Collectively, these practices explained 58.2% of the variation in financial expenditure. The study concluded that effective budgetary control practices were critical in managing financial expenditure in Tier 1 commercial banks. It recommended that banks strengthen their budget planning, improve cash management, and enhance audit control practices to manage financial expenditure more effectively and improve overall financial performance. This research contributed to the academic literature by providing empirical data on budgetary control practices in the Kenyan banking sector. It also offered practical insights for bank managers and policymakers in crafting robust financial management strategies. The study suggested areas for future research, including investigating other budgetary control practices and exploring their impact in different sectors of the economy
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    he Influence of Budget Planning on Financial Expenditure: Evidence from Tier One Commercial Banks in Nairobi County, Kenya
    (International Journal of Current Aspects in Finance, Banking and Accounting, 2024) Maina, John Karanja; Waweru, Fredrick Warui
    This study examines the influence of budget planning on financial expenditure among tier one commercial banks in Nairobi County, Kenya. The research was grounded in Agency Theory. Using a descriptive survey design, data was collected from 112 respondents across six tier one banks. The study employed correlation and regression analyses to investigate the relationship between budget planning practices and financial expenditure. Results indicate a strong positive correlation between budget planning and financial expenditure (r=0.684, p<0.01). Regression analysis revealed that budget planning significantly influences financial expenditure (β=0.327, p<0.05),explaining 32.1% of the variance. The findings suggest that effective budget planning practices lead to improved control over financial expenditure in tier one commercial banks. This study contributes to the understanding of budgetary control practices in the Kenyan banking sector and provides practical implications for bank management