Financial Management Practices and Financial Performance of Construction Companies in Nairobi County

Njeri M. N., Dr Muhoho J. and Kiarie J.
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Njeri M. N.: St. Paul’s university, School of Business. 00217, Kenya
Dr Muhoho J.: St. Paul’s university, School of Business. 00217, Kenya
Kiarie J.: St. Paul’s university, School of Business. 00217, Kenya

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 8, 665-670

Abstract: Nowadays, competition is becoming very stiff in the business environment Due to this fact, business firms are trying hard to create better interaction with customers and suppliers. Similarly, wise decision making is very crucial to the success of the business firm. This study sought to establish the relationship between financial management practices and financial performance of construction companies: A case study of construction companies in Nairobi County. Specifically, the study sought to establish the effect of internal controls on financial performance of construction industry in Nairobi County. The target population consisted of 167 registered construction firms in Nairobi County. This study adopted census sampling technique since the population size was small. The mean and standard deviation stood in for the descriptive technique.Correlation and regression analysis were the inferential statistics used in the study. The study concludes that internal control has a positive influence on financial performance of construction companies in Nairobi County in Kenya.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:4:y:2020:i:8:p:665-670

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