Journal of Finance and Accounting
https://edinburgjournals.org/journals/index.php/journal-of-finance-and-accountin
<p><span style="font-weight: 400;">Journal of Finance & Accounting is published by EdinBurg Journals. It accepts publications and papers in the fields of Finance, International Finance and Accountancy. It is reviewed by the </span><strong>EdinBurg Editorial Board</strong><span style="font-weight: 400;"> which consists of the world's best selling authors and writers. Journal has been globally indexed and with papers from all over the world.</span></p> <p><strong>Online ISSN: 2789-0201</strong></p> <h3><strong>DOI prefix: 10.70619</strong></h3> <h3><strong>Submission Email: <a href="mailto:manuscripts@edinburgjournals.org">manuscripts@edinburgjournals.org</a></strong></h3> <p><span style="font-weight: 400;"><strong>Online Submission: </strong><a href="https://edinburgjournals.org/online-submissions/"><strong>https://edinburgjournals.org/online-submissions/</strong></a></span></p>EdinBurg Journals & Books Publishersen-USJournal of Finance and Accounting2789-0201Financial Management Practices and Financial Performance of Insurance Companies Listed at Nairobi Securities Exchange in Kenya
https://edinburgjournals.org/journals/index.php/journal-of-finance-and-accountin/article/view/462
<p>The financial performance of Listed Insurance Companies in Kenya's insurance industry has fluctuated significantly. This study looked into the relationship between Kenyan insurance businesses that are listed on public markets' financial performance and their financial management practices. The specific objectives included examining the impact of working capital management, capital budgeting, and capital structure on the financial performance of listed insurance companies as well as the extent to which inflation affected the relationship between financial management practices and listed insurance companies' financial performance. An explanatory research design was used. Six listed insurance companies made up the target population. In this analysis, all six listed insurance firms were considered. Because there were so few companies, a census was undertaken. Panel secondary data for the years 2015–2022 was used. Both descriptive and inferential statistics were used to analyze the data. Results indicated that high and positive association was shown between successful financial management and working capital management. High and negative correlation between capital structure and financial performance is revealed by random effects regression analysis. Capital budgeting and financial success had a positive and significant correlation. The study also discovered that the association between financial performance and financial management techniques is negatively moderated by inflation. According to the study's findings, capital structure has a detrimental effect on financial performance whereas working capital management and capital budgeting have a positive one. This study suggested that insurance companies listed at NSE should seek to maintain adequate current assets that would be enough to cater to all short-term liabilities that may arise in the course of the business operations. Insurance firms should also seek to balance the use of debt financing and equity financing to ensure the negative effect of high debts is neutralized. This study hence recommended that insurance firms should seek to adopt practices that will reduce the cost of investment but also increase the return on the investment. This study also made suggestions that insurance firms listed at NSE should be able to understand the economic situations in terms of inflation and make the right financial decisions that would not negatively impact their performance. The study also recommends that the IAA should provide regulations that will protect insurance firms against the effect of inflation.</p>Christine KiharaJames Macharia
Copyright (c) 2025 Christine Kihara, James Macharia
https://creativecommons.org/licenses/by-nc-nd/4.0
2025-04-142025-04-145311310.70619/vol5iss3pp1-13Operational Risk Management and Profitability of Regulated Non-Withdrawable Deposit Taking Savings and Credit Cooperative Societies in Nairobi City County, Kenya
https://edinburgjournals.org/journals/index.php/journal-of-finance-and-accountin/article/view/477
<p>Profitability is an important element in every organization’s financial productivity. As millions of people across Kenya continue to benefit both directly and indirectly from the cooperatives, their dwindling financial profitability remains of great concern, especially the non-withdrawable cooperatives. This project sought to establish influence of operational risk management on the economic health of non-withdrawable deposit-taking cooperatives in Nairobi City County, Kenya. Specifically, the study sought to evaluate influence of stakeholder engagement, internal-audit, information technology systems, and outside occurrences on the financial health of this niche of cooperatives in Nairobi City County, Kenya. The study was anchored on risk management theory, finance distress theory, market power theory, together with behavioral theories of profitability. A descriptive study design was adopted on a population of thirty non-withdrawable deposit-taking cooperatives from Savings and Credit Cooperative Societies Regulatory Authority. Stratified sampling was used to select these monetary institutions. Data was gathered using survey forms that were dropped off at the interviewees’ offices and collected two weeks later, a timeline that was agreed upon by the researcher and the respondents. Observations were analyzed using summary statistics, in particular mean and standard deviation, and statistical inference analyzed using multiple correlation. To assess the significance of survey parameters, the researcher used Pearson correlation and simple linear regressions. Findings obtained by the study showed that stakeholder engagement, effectively established internal audit, information technology systems and threats from external environment all had significant influence on the profitability of non- withdrawable cooperatives in Nairobi City County, Kenya. The study recommends that an interactive stakeholder relationship, especially employees’ involvement in decision making processes, effective internal audit measures and information technology systems, together with proper contingency plans in place to mitigate external threats, should be adopted in a bid to propel financial institutions’ economic performance to the next level. </p>Conslata Adhiambo WambisaDr. Moses Odhiambo Aluoch
Copyright (c) 2025 Conslata Adhiambo Wambisa, Dr. Moses Odhiambo Aluoch
https://creativecommons.org/licenses/by-nc-nd/4.0
2025-05-152025-05-1553142810.70619/vol5iss3pp14-28