Internal Control Framework and Financial Performance of Listed Agricultural Companies, Kenya

Patrick KipngetichTowett () and Dr. Kadima Murunga John (PhD) ()

International Journal of Finance, 2025, vol. 10, issue 8, 29 - 49

Abstract: Purpose: The general objective of the study was to assess the effect of internal control framework on the financial performance of listed agricultural companies at the Nairobi Securities Exchange. Methodology: The study used a descriptive survey research design on a population target of 42 people of listed agricultural based companies. The sample size attained and applied was the 42 respondents and census technique was applied since the population was small and manageable. Data collection was done through structured questionnaires. The Analysis of data for both descriptive (frequencies, percentages and means) and inferential (correlation analysis, and multiple regression analysis) statistics of the study was done. Findings: The study found that all the internal control functions including control environment; β = 0.077 at p<0.05, risk assessment; β = 0.279 at p<0.05; information and communication; β = 0.0.157 at p<0.05, monitoring activities; β = 0.198 (0.066) at p<0.05, significantly influenced financial performance of the listed agricultural based companies in Kenya. Unique Contribution to Theory Practice and Policy: The study recommended strengthening control environment functions on listed agricultural based companies in order to improve on performance levels.

Keywords: Financial Performance; Risk Management; Corporate Internal Controls (search for similar items in EconPapers)
Date: 2025
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