http://localhost:8080/xmlui/handle/123456789/40 2026-04-27T13:21:19Z http://localhost:8080/xmlui/handle/123456789/12509 FINANCIAL REPORTING DIMENSIONS, GOVERNMENT POLICIES AND FINANCIAL PERFORMANCE OF FIRMS LISTED IN NAIROBI SECURITIES EXCHANGE OYIEKO, MARGARET Financial reporting dimensions play a crucial role in providing users and regulatory agencies with insights into a company‟s financial health. However, there has been a declining trend in the return on assets (ROA) among listed firms. Despite the importance of accurate financial reporting for investor confidence and financial performance has been declining. Therefore, the main objective of study was to examine how financial reporting dimensions affect financial performance as moderated by government policies. The specific objectives were: to establish the effects of balance sheet reporting on financial performance of listed firms in Kenya at NSE; to assess the effect of income statement reporting on financial performance of listed firms in Kenya at NSE; to evaluate effect of cash flow statement reporting on financial performance of listed firms in Kenya at NSE; to determine the effect of statement of shareholder‟s Equity reporting on financial performance of listed firms in Kenya at NSE; and to investigate the moderating role of government policies on financial reporting dimensions and financial performance. The study anchored on the main theory of Accounting Conservatism as it supported by Value Relevance Accounting and shareholders theory. Positivism research philosophy was adopted. Cross- sectional research design was used. The data was obtained from 13 listed sectors. A target population of 57 firms was used as per NSE handbook of 2023. Stratified sampling technique was used to derive a sample of 49 listed firms. A Structured data collection sheet was employed to extract secondary data from the firm‟s financial statements for the period of 2018 to 2023 using panel data. Data was analyzed by use of descriptive statistics methods where output would be means, minimum, maximum, standard deviations, and percentages, while inferential statistics included correlation and panel regression analysis was used to draw inferences about the results. Hypothesis was tested using p-values (p<.05) from panel regression coefficient tables. The results were presented in form of tables. Correlation analysis indicated a weak negative relationship (r = -0.4023) between cash flow statement reporting and financial performance at a 95% confidence level or p values (p<0.05). The study concluded that changes in cash flow reporting tend to have an inverse effect on financial performance. There was a weak but positive relationship (r = 0.4165) between shareholder‟s equity statement reporting and financial performance at a 95% confidence level or at p values (p<0.05). The study recommended that financial reporting enhance transparency and accountability, reducing information asymmetry between management and shareholders. Balance sheet reporting dimensions and shareholders changes in equity reporting had a statistically significant effect on financial performance while income statement reporting and cashflow statement reporting a statistically insignificant effect on financial performance of listed firms. The study recommended that firms should focus on balance sheet reporting to boost investor confidence. Management should ensure efficient utilization of its assets to maximize its financial performance. The listed firms should ensure that there is effective implementation of government policies so as it to moderate financial reporting dimensions using income and cash flow statements on performance. 2026-01-01T00:00:00Z http://localhost:8080/xmlui/handle/123456789/12168 TABLE BANKING PRACTICES, GOVERNMENT SUPPORT SERVICES AND THE GROWTH OF WOMEN OWNED ENTERPRISES IN UASIN GISHU COUNTY KENYA RONO, NAOMY CHELANG’AT Women-owned “ enterprises play a crucial role in economic development by creating employment, fostering innovation, and enhancing household incomes. In Uasin Gishu County, Kenya, women entrepreneurs have increasingly turned to table banking as an alternative financing model due to limited access to formal credit facilities. Despite the potential benefits of table banking and government interventions, the growth of women-owned enterprises in Uasin Gishu County remains sluggish. Many businesses struggle with limited capital, inadequate financial literacy, market constraints, and regulatory challenges therefore the study sought to assess table banking practices, government support services and the growth of women owned enterprises in Uasin Gishu County–Kenya. Specifically, the study sought to assess the effect of business financing, resource mobilization, information sharing and business developing of managerial skills on growth of women owned enterprises in Uasin Gishu, Kenya. In addition, the study sought to determine the moderating role of government support services on the effect of business financing, resource mobilization, information sharing and managerial skills on growth of women owned enterprises in Uasin Gishu County. The study was anchored on the resource mobilization theory supported by network, stewardship, pecking order and financial inclusion theories. The study adopteddescriptive research design rooted in the positivist philosophy. The target population was 1198 owners of women owned business from six sub-counties in Uasin Gishu County. The population was stratified into 6 strati corresponding to the 6 sub-counties. The study used Israel’s 1992 formula to determine the sample size of 330 women owned enterprises from all the 6 sub-counties. The sample was apportioned proportionately to the 6 sub-counties. Simple random sampling was used to pick the specific respondents from each sub county. Primary data was collected using a self constructed structured questionnaire. A pilot study was conducted on 33 respondents from 11 women owned enterprises in Nakuru County to test reliability of the questionnaire. Both descriptive and inferential statistics were used in data analysis. Data was presented in form of tables and graphs. The study established that business financing and resource mobilization has a statistically positive significant effect on the growth of women owned business enterprises in Uasin Gishu County. In addition, the study established that information sharing and managerial skills has no positive statistically significant effect on the growth of women owned business enterprises in Uasin Gishu County. Overall the study established that government support services has a positive statistically significant moderating effect in the relationship between business financing, resource mobilization, information sharing and developing managerial skills on the growth of women owned business enterprises in Uasin Gishu County.The study concluded that business financing, resource mobilization and developing of managerial skills has a statistically significant moderating effect in the relationship between business financing and the growth of women. In addition, the study concluded that concluded that information sharing has no statistically significant effect on the growth of women owned business enterprises. Finally, the study concluded that and government support services has a statistically significant moderating effect in the relationship between table banking practices and the growth of women in Uasin Gishu County. From the conclusion the study recommended a need to explore options for expanding resource mobilization beyond individual member contributions, such as seeking grants or external funding specifically targeted at supporting table banking groups. Additionally, the study recommended that table banking group should establish a structured information-sharing system within the groups and include monitoring and evaluation aspects in their daily operations of the groups. The study also recommended that table banking groups should come up with their strategic plans and document the same. ” 2026-01-01T00:00:00Z http://localhost:8080/xmlui/handle/123456789/10160 Integrated Reporting Capitals Disclosure and Firm Value of Listed Companies in Kenya Versus South Africa: The Role of the Business Model Bangara, Samwel Ndaita The highly volatile and declining firm value has been observed for companies listed in the Nairobi Securities exchange. This is evidenced by large differences between market-to-book values. Company disclosures in integrated reports have long been linked with firm value. However, integration of non-financial information disclosures with financial information in a single report and how valuable it is to the company and its variant stakeholders has not been awarded a proper evaluation in the African context. While, prior studies in other settings have shown mixed results, this comparative study was intended to evaluate the effect of <IR> capitals disclosure on firm value of listed companies in Kenya versus South Africa, focusing on the role of the business model. Specifically the effect of the six <IR> capitals (financial, manufactured, intellectual, human, social and relationship, and, environmental) disclosure on firm value of listed companies between Kenya and South Africa were assessed. Firm value was proxied by Tobin’s Q. The mediating role of the business model on this associations was also examined. The study was anchored on: stakeholder, legitimacy and agency theories. Positivist research philosophy was adopted and the research design was both exploratory and confirmatory. Secondary data for a sample of 137 companies purposefully selected from a population of 209 firms was obtained from annual audited integrated reports covering the period 2018-2020. Frequency tables were utilized for data presentation, as descriptive statistics described the data. Association of the variables was examined using Pearson correlation. A series of regression models as proposed by Baron and Kenny (1986) mediation testing procedure were used to test the hypothesized relationships. Overall, the findings show <IR> capitals disclosure positively and significantly influence firm value. However, on individual country level, a negative and significant effect of <IR> capitals (financial, manufactured, intellectual and human) disclosure on firm value of companies listed in the NSE was revealed. While, social and relationship capital, and environmental capital disclosures posted a positive and significant association with firm value of listed firms in NSE. Comparatively, South African revealed, a positive and significant effect of all the <IR> capitals disclosure on firm value of listed companies, except for financial capital that show a negative and significant effect. Further, on mediation analysis, the effect of four (4) <IR> capitals (Intellectual, human, social and relationship, and environmental) disclosures on firm value was mediated by the business model in respect to Kenya. Whereas, for South Africa data, the results revealed mediation effect of business model on the association between all the <IR> capitals disclosure and firm value. The study concludes that <IR> capitals are important factors to consider in firm value determination. Further, company business model explains the mechanism through which most of the <IR> capitals disclosure influence firm value. The study recommends for a mandatory adoption of <IR> where voluntary and a logical presentation, review and change of corporate entity business models toward optimal value creation. 2025-09-01T00:00:00Z http://localhost:8080/xmlui/handle/123456789/10149 Value-Based Healthcare Strategies, Situational Leadership Styles and Performance of County Referral Hospitals in the Lake Region Economic Bloc, Kenya Ombogo, Joshua Marwanga Population health is a core contributor to economic growth of countries, hence the need for countries to develop healthcare systems that yield better healthcare outcomes at affordable costs. The adoption of the value-based healthcare strategies in hospital management is meant to achieve high health outcomes at low costs. The resultant effects are increasing value to the patients as well as attaining universal health coverage. The general objective of the study was to determine the influence of value-based healthcare strategies on county referral hospital performance, with a focus on situational leadership style. Specific objectives were to: determine the influence of integrated practice units on county referral hospital performance, establish the influence of cost per patient measurement on county referral hospital performance, assess the influence of bundled payments for care cycles on county referral hospital performance, determine the influence of integrated information technology on county referral hospital performance and establish the moderating effect of situational leadership styles on the relationship between value-based healthcare strategies and county referral hospital performance. The following theories served as the foundation for the study: value-based theory, resource-based view and upper echelons theory. The research philosophy of positivism served as the foundation for this study. The study adopted a descriptive research design. The study area was the Lake Region Economic Bloc (LREB) counties in Kenya. The study population was 1400 employees of fourteen (14) county referral hospitals in the Lake Region Economic Bloc. The study adopted the stratified random sampling method, in which the management employees were stratified, then the respondents were selected randomly within each stratum. The strata consisted of; hospital management board, departmental (top level) management and sub-departmental (middle level) management. The study sample size was four hundred and fourty five (445) respondents determined using Yamane formula yielding three hundred and twelve (312) respondents plus a 30% (133) increase to cater for non-response. Self-constructed questionnaires that were dropped and picked after two weeks were used to gather primary data. To confirm the content validity, the content validity index (CVI) was computed for every item. The reliability of the data was evaluated using the Cronbach alpha coefficient test, and a score of 0.748 suggested that the questionnaire was reliable. The data was analyzed using descriptive statistics like mean, standard deviation, variance, frequency distribution, and percentages. The study employed simple, multivariate, and hierarchical regression for inferential statistics in order to identify causal relationships. Pearson correlation was used to assess how strongly the independent and dependent variables were related. Tables, graphs, pie charts, frequencies, and percentages were used to display the data. The findings indicated that there was a significant positive relationship between value-based healthcare strategies and the hospitals performance, where value-based healthcare strategies alone are able to explain 49.4% of the variance in the hospital’s performance. Equally, a very strong relationship between value-based healthcare strategies, situational leadership styles and county referral hospitals performance was established, explaining 56.3% of the changes in the hospital’s performance. Hence, situational leadership styles contributed of 6.9% (56.3-49.4) to hospital performance. The study resolved conflicts in theory, policy, and practice, bolstering the argument that county referral hospitals should institutionalise value-based healthcare strategies moderated by situational leadership styles, guaranteeing high-quality healthcare services at affordable costs. 2025-09-01T00:00:00Z