Browsing by Author "Manini, Muganda Munir"

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    Corporate Sustainability and Financial Performance of Manufacturing Firms in Uasin Gishu County, Kenya
    (IOSR Journal of Business and Management, 2019-06-19) Odera, Elijah; Manini, Muganda Munir; Wanyama, Kadian Wanyonyi
    In the contemporary production environment, manufacturing operations must take into account not only profit, but also environmental and social performance, in order to ensure the long-term development of the company. This study sought to establish the relationship between corporate sustainability and financial performance of manufacturing firms in Uasin Gishu County, Kenya. The study was guided by four objectives namely; to determine the effect of environmental practices on Financial performance of manufacturing firms; to examine the effect of corporate accountability on financial performance of manufacturing firms; To examine the moderating influence of government policy on the relationship between corporate sustainability and financial performance of manufacturing firms and to assess the effect of social justice of corporate sustainability on financial performance of manufacturing firms.. The study adopted descriptive survey design. The study population consisted of 3344 employees of all the 12 registered manufacturing firms in Uasin Gishu County by the KAM (Kenya Association of Manufactures), from which a representative sample of 357 employees was drawn. A structured questionnaire was used in data collection. The data was analyzed using both descriptive and inferential statistics. The findings of the study indicated that environmental practices had a statistically significant influence on financial performance(R = 0.688 > 0.5, p = 0.001< 0.05). The study also established that corporate accountability had a statistically significant influence on the on financial performance(R = 0.718 > 0.5, p = 0.001< 0.05). Further, the study established that social justice had a statistically significant influence on the financial performance of manufacturing firms(R = 0.660 > 0.5, p = 0.008< 0.05). Lastly, the results revealed that government policy had a statistically significant influence on the relationship between corporate sustainability and financial performance. The study recognizes that the variables used for this study are not exhaustive and therefore suggests that future research should include more triangulation utilizing other intervening and moderating variables as well as using alternative measures of all the study variables. Future research should also conduct longitudinal studies that would provide definite information about cause-and effect relationships as well as the changes in study variables over time. The study is further envisaged to add critical knowledge for academia which would inform top management in decision making process that could be used in policy formulation in the manufacturing sector as well as the government’s regulations on manufacturing firms.
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    Effect of Business Financing on the Performance of Small and Medium Enterprises in Lurambi Sub-County, Kenya
    (European Journal of Business and Management, 2016-05-13) Manini, Muganda Munir; Abdillahi, Umulkher Ali; Wanyonyi, Kadian Wanyama; Simiyu, John
    The purpose of this study was to examine the effect of sources of business financing on the financial performance of Small and Medium enterprises in Lurambi Sub-County. Specifically, the study sought to examine the effect of commercial loan-financing on the financial performance of Small and medium enterprises; to assess the effect of retained earnings financing on the financial performance of Small and medium enterprises and to establish the effect of trade credit financing on the financial performance of Small and medium enterprises in Lurambi Sub-County. Descriptive survey was used. The population of interest comprised of 450 small and medium enterprises in Lurambi Sub-County. Stratified random sampling was used to select 88 small and medium enterprises. The survey instrument used was questionnaires which were administered to owners and managers. Analysis of data was done using descriptive and inferential statistics. The study established that sources of business financing affected financial performance of small and medium enterprises significantly; commercial loan financing affected financial performance significantly; retained earnings financing affected financial performance significantly; trade credit financing affected financial performance of small and medium enterprises significantly. The study recommends that small and medium enterprises should make use of commercial loan financing, retained earnings financing and trade credit financing for them to realize higher levels of financial performance. The Government of Kenya should encourage lenders to share the financing risks with the government in order to reduce the cost of financing.