Financial Management Practices Influence on Performance Contracting Results in Local Authorities in Kenya

Authors

  • Elliubs Kimura Mwangi Jomo Kenyatta University of Agriculture and Technology
  • Prof. Roselyn W. Gakure Jomo Kenyatta University of Agriculture and Technology
  • Dr. Robert Arasa Jomo Kenyatta University of Agriculture and Technology
  • Dr. Anthony Waititu Jomo Kenyatta University of Agriculture and Technology

Keywords:

Performance Contracting, Financial Management, Local Government

Abstract

Purpose: The purpose of the study was to assess the influence of financial management practices on performance contracting results in local authorities in Kenya.

Methodology: The study used a Correlational research design. The target population comprised of 4I867 employees. This study used stratified random sampling to select a sample of 328 from the175 Local Authorities in Kenya as per the Ministry of Local Government. Questionnaires were used to collect data from local authority employees. Descriptive and inferential statistics was used to conduct analysis.

Results: The study found out that financial management practices significantly affect the effectiveness of performance contracting.

Unique contribution to theory, practice and policy:  The study recommended that sound financial management practices should be enhanced. The recommendations maybe critical to the successful running of the county governments which takes over the services performed by local authorities.

Downloads

Download data is not yet available.

Author Biographies

Elliubs Kimura Mwangi, Jomo Kenyatta University of Agriculture and Technology

Post graduate student, School of Business

Prof. Roselyn W. Gakure, Jomo Kenyatta University of Agriculture and Technology

Lecturer, School of Business

Dr. Robert Arasa, Jomo Kenyatta University of Agriculture and Technology

Lecturer, School of Business

Dr. Anthony Waititu, Jomo Kenyatta University of Agriculture and Technology

Lecturer, School of Business

References

AAPAM, (2005). The Enabling State and the role of the Public Service in Wealth Creation abroad. Organizational Dynamics, 9: 42-63.

Abdullah, S., (2006). Board structure & ownership in Malaysia: the case of distressed listed companies"˜, Corporate Governance: The International Journal of Effective Board Performance, 6, 5, 582-594

Adams, R. & Ferreira, D. (2009). Women in the boardroom & their impact on governance & performance, Journal of Financial Economics, 94, 2,291-309

Adams, R. & Mehran, H. (2003). Is Corporate Governance Different for Bank Holding Companies?. Economic Policy Review, 9, 1, 123-309

Afro Barometer Briefing Paper (2010). Local Government in Kenya: Negative Citizen Perception and Minimal Engagement in Local Government Affairs. Briefing Paper 89.

Ahn, S., Jiraporn, P. & Kim, Y. (2010). Multiple directorships & acquirer returns', Journal of Banking & Finance, 34, 9, 2011-2026

Ajayi, A., Olatokun, W.M. and Tiamiyu, M. A. (2001), "Computer anxiety, phobia, obsession and work stress at the University of Ibadan, Nigeria, African Formal of Library Archieves and Information, Science 11(2), 125-138 Nigeria.

Akaranga, E. M. (2008). The Process and Effects of Performance Contracting in Kenyan Public Sector, MBA Project; United States International University (USIU), Nairobi.

Akaranga, F.M. (2010) E. M. A Critical Literature Review Of Performance Contracting. www.aibuma.org/.../Akaranga,20Kenya.pdf

Aliyua, M.B. and Issa, A.O (2002). The Role Of Information Technology In Nation Building: The Librarian's Perspective . Department of Library and Information Science, The Federal Polytechnic, Offa, Kwara State.

Human Resource Management 11 (4), orientations on individual HRM preferences in developing countries, Lessons from Kenyan Regression Models for Categorical Dependent Variables Using Stata, Second Edition, by J. Scott Long and Jeremy Frees (2006).

OECD, (1998) : Measuring the Information Economy 2002. www.oecd.org(sti/measuringinfo.economy).

OECD, (1999). In search of results: Performance Management Practice. Paris, France.

Ohemeng, F.L.K. (2009). Constraints in the Implementation of Performance Management Systems in Developing Countries : The Ghanaian Case. International Journal of Cross Cultural Management 2009 9: 109 .The online version of this article can be found at: DOI: 10.1177/1470595808101158.

Omboi, B.M. Francis, K.K. (2011). Factors Affecting Implementation of Performance Contract Initiative at Municipal Council of Maua-Kenya. Research Journal of Finance and Accounting. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 2, No 2, 2011

Opiyo, H. (2006). Civil Service Reform Policy in Kenya: A review of the Retrenchment Strategy:

Orodho, A. J. (2003). Essentials of education and social science research methods. Nairobi. Kenya: Pauline Publishers.

Pandey, I.M. Financial Management 10th Edition Vikas Publishers.

Paramasivan, G, Subramanian, T. (2010). Financial Management New Age International Publishers Ltd. New Delhi.

Patton, A. J. (2006). Modelling asymmetric exchange rate dependence*. International economic review, 47(2), 527-556.

Patton, M.Q. (2002). Qualitative Research and Evaluation Methods, Thousand Oaks, C.A. Sage.

Patton, Wendy and McMahon, Mary (2006) The Systems Theory Framework Of Career Development And Counseling: Connecting Theory And Practice. International Journal for the Advancement of Counselling 28(2):pp. 153-166.

Downloads

Published

2017-04-18

How to Cite

Mwangi, E. K., Gakure, P. R. W., Arasa, D. R., & Waititu, D. A. (2017). Financial Management Practices Influence on Performance Contracting Results in Local Authorities in Kenya. European Journal of Business and Strategic Management, 2(4), 1–15. Retrieved from https://iprjb.org/journals/index.php/EJBSM/article/view/349

Issue

Section

Articles