Browsing by Author "Odera, Elijah"

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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.