Financial Management and Growth of Agro-Based Manufacturing Sector in Kiambu, Kenya
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Date
2016
Authors
Ogum, Irene Atieno
Journal Title
Journal ISSN
Volume Title
Publisher
Kenyatta University
Abstract
Agro - based manufacturing industries plays a significant role in the growth of world economies.
In most economies, agro- based manufacturing industries have developed and grown
significantly while in others the growth has rather been sluggish. To a large extent financial
management practices playa crucial role in the growth of these agro-based manufacturing
companies. In Kenya, key activities of the economy and the agro-based manufacturing are still
sluggish. This is perhaps as a result of financial management practices in a developing country'
such as Kenya which entrepreneurship is the pillar to its development. The growth of agro-based
manufacturing sector in Kenya has been investigated from various dimensions like asset base,
efficiency, capitalization and scarcely on the role of financial management practices. This study
was 10 assess the effect of financial man~gement ractices on the growth of agro-based
manufacturing sector in Thika, Kiambu County. Profitability and growth of shareholders value
and assets were to be the measure of financial performance. The specific objectives of the study
were to assess the effects of budgetary practices, financial planning, internal control and
accounting practices on financial performance of manufacturing firms. The study was conducted
among 17 agro-based companies in the manufacturing sector in Thika. The population of the
study was 1020 staff of the enterprises. Sampling techniques of simple random, stratified and
purposeful sampling were used to come up with a sample size of 104 respondents. Data was
analyzed descriptively to come up with mean, standard deviation, tables and charts that gave
meaning to the data. The study was expected to come up with findings and recommendation that
was to offer a situational analysis of the state of manufacturing firms and ways of improving
financial management practices and financial growth.
Description
A Project Submitted to the School of' Business in Partial Fulfillment of the Requirement for the Award of the Degree of Master of Business Administration in Finance of Kenyatta University, December, 2016