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Scholars Journal of Economics, Business and Management | Volume-9 | Issue-10
Effect of Financial Management Strategy on Sustainable Performance of Community-Based Organizations in Ainabkoi Sub County
Emily Chepkuto, Dr. Josphat Kwasira
Published: Oct. 29, 2022 | 194 156
DOI: 10.36347/sjebm.2022.v09i10.004
Pages: 234-246
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Abstract
The recognition of the importance of strategic management of resources in organization’s performance has been influenced by the intensification of competition and relative success of organizations where there’s need to put emphasis in finance, technology, people and assets. Therefore, this study sought to determine the financial management strategy and sustainable performance of community-based organizations in Ainabkoi Sub County. The study was informed by model building approach for financial forecasting. A descriptive research design was applied in this study. The target population for this study was all approximately 40 CBOs operating in different parts of Ainabkoi Sub-County. The study used stratified random sampling to select the respondents. Primary data was collected using self-administered semi-structured questionnaires. A pilot test was done before embarking on actual data collection activity in Kesses Sub- County to determine the validity and reliability of research instruments. The collected data using questionnaires was edited, coded and cleaned in case of any inconsistencies and entered into the computer with the help of excel spreadsheets software before being uploaded into a statistical package known as Statistical Package for Social Science (SPSS) version 25. Data analysis was done using descriptive statistics and inferential statistics. Descriptive statistics included frequency tables, percentages and measures mean and standard deviation. Inferential statistics included correlation analysis and multiple linear regression analysis. The study findings revealed that there was effect of financial management strategy on sustainable performance of community-based organizations (β1=.114, p=0.000). The study concluded that there exists a strong, positive and statistically correlation between financial management strategy and sustainable performance of community-based organizations in Ainabkoi sub-county, Uasin Gishu County. This implies that annual .......