Financial Management Practices and Financial Performance of Commercial and Manufacturing State Corporations in Kenya
| dc.contributor.author | Njoroge, Peter | |
| dc.contributor.author | Jagongo, Ambrose | |
| dc.date.accessioned | 2026-03-26T11:43:07Z | |
| dc.date.available | 2026-03-26T11:43:07Z | |
| dc.date.issued | 2026-03-24 | |
| dc.description | Article | |
| dc.description.abstract | Purpose: This independent study in finance attempts to investigate effect of Financial Management Practices on Financial Performance of Commercial and Manufacturing State Corporations in Kenya. Methodology: Researcher intends to adopt a positivist philosophy that demands researcher to be independent of the study. Explanatory non-experimental research design will be employed in the study. For the purposes of this study, a census of all Commercial and Manufacturing Corporations will be used in study. The study will use Secondary data from financial statements of Commercial and Manufacturing State Corporations for period 2020- 2025. Data will be obtained from office of auditor general and Kenya Parliament Library. Researcher proposes to use a panel multiple linear regression model in the analysis and Baron & Kenny (1986) methodology to test for mediation and moderation effects. Findings: The study anticipates that effective financial management practices will significantly enhance Financial performance with internal cashflows mediating this effect, particularly moderated by firm size in Commercial and Manufacturing State Corporations in Kenya. The study will determine whether the financial management practices significantly affect Financial Performance of Commercial and Manufacturing State Corporations In Kenya and give advise to Management and those charged with governance of these corporations on management practices of serious concerns for improvement. Findings will guide management to prioritize risk management practices, advising governance bodies on reforms to improve financial health and reduce bailout dependencies. Unique Contribution to Theory, Practice and Policy: Management of Commercial and Manufacturing State Corporations will be able to tell how financial management practices affect their financial performance. The study intends to ennriches literature by testing mediation and moderation in an African SOEs context, potentially refining Resource based Theory for resourceconstrained environments. The study informs turnaround strategies for Kenyan SOEs, such as optimizing capital structure to boost performance amid economic volatility. Finally, the study will provide evidence for policymakers (e.g., Treasury) to enforce better financial practices, supporting sustainable development goals. | |
| dc.identifier.citation | Njoroge, P., & Jagongo, A. (2026). Financial Management Practices and Financial Performance of Commercial and Manufacturing State Corporations in Kenya. International Journal of Finance and Accounting, 11(2), 19–39. https://doi.org/10.47604/ijfa.3690 | |
| dc.identifier.issn | 2518-4113 | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/32865 | |
| dc.language.iso | en | |
| dc.publisher | IPRJB | |
| dc.title | Financial Management Practices and Financial Performance of Commercial and Manufacturing State Corporations in Kenya | |
| dc.type | Article |