Value Chain Financing: Raw Material and Working Capital Approach for Edible Oil Manufacturing Companies in Kenya

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Date
2017
Authors
Agarwal, Rajiv
Jagongo, Ambrose O.
Mbewa, Martin
Journal Title
Journal ISSN
Volume Title
Publisher
Imperial Journal of Interdisciplinary Research
Abstract
The study sought to determine the moderating effect of firm characteristic on the relationship between financial performance and value chain financing through raw material and working capital in the edible oil manufacturing companies in Kenya. Using the secondary data which was extracted from the financial statements of edible oil manufacturing companies for the period 2008 to 2014. A positivism philosophy applying descriptive retrospective panel data approach was used during the study. Multiple regression analysis was conducted to establish the relationship of the financing variables (Raw material and Working capital) and the financial performance of the Edible Oil Manufacturing Companies in Kenya . The major findings and conclusions of this study were that, financing through raw material and working capital do not have statistical significant relationship to financial performance of Edible Oil Manufacturing Companies In Kenya.
Description
An Article Published in Imperial Journal of Interdisciplinary Research
Keywords
Value chain, Financial Performance, Edible oil, Raw Material, Working Capital
Citation