Synergistic Effects and Financial Performance of Kenya Agricultural and Livestock Research Organization

Okuku Washingtone Oluoch and Dr. Fredrick W.S. Ndede
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Okuku Washingtone Oluoch: Department of Accounting and Finance, Kenyatta University
Dr. Fredrick W.S. Ndede: Department of Accounting and Finance, Kenyatta University

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 5, 2213-2223

Abstract: This paper explores the synergistic effects and financial performance of KALRO, which is one of the State Corporations in Kenya. It envisaged finding out whether there is a strong relationship between operating and financial synergies and KALRO’s financial performance using primary and secondary data. A sample of 32 respondents were selected using stratified random sampling from key management personnel. Structured questionnaires were administered to gather information, which was analyzed on SPSS Statistics version 25. A pilot study was used to test for the validity of the study to know whether the questions were aligned with the study hypotheses. The findings revealed that synergy gains had a bigger influence on the performance of KALRO. The operating synergy was found to have a significant positive influence on KALRO’s performance (Adjusted R2 = 0.695; p = 0.024), while financial synergy had an insignificant negative influence on KALRO’s performance (Adjusted R2 = 0.185; p =0.218). Government policy was found to have a significant mediating effect between synergistic gains and performance of KALRO. The limitation of this research was the smaller sample size, thus, a comprehensive research was recommended to determine the synergy spread in all 16 KALRO institutes and centers.

Date: 2024
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