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All Journal International Journal of Multidisciplinary Approach Research and Science
Ghabon, Yasin Kuso
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Agriculture, Biological Sciences & Forestry Chemical Engineering, Chemistry & Bioengineering Economics, Econometrics & Finance Immunology & microbiology Social Sciences

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Effect of Cash Management on Financial Performance of Kenya Power and Lighting Company in the Central Rift Region Ochieng, Giriago Joseph; Ghabon, Yasin Kuso
International Journal of Multidisciplinary Approach Research and Science Том 3 № 03 (2025): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v3i03.1874

Abstract

Cash management, a critical internal control mechanism, ensures liquidity, accountability, and operational efficiency in public utilities like Kenya Power and Lighting Company (KPLC). This study examines the effect of cash management practices on KPLC’s financial performance in the Central Rift Region, measured by Return on Assets (ROA). Guided by Agency Theory, a descriptive research design targeted 155 finance division staff across Nakuru, Narok, and Kericho sub-regions. Using stratified random sampling, data were collected from 53 respondents (85% response rate) via structured questionnaires with a five-point Likert scale. Validity was ensured through expert review, and reliability was confirmed with a Cronbach’s alpha of 0.787 for cash management items. Data analysis utilized descriptive statistics (means, standard deviations) and inferential statistics (Pearson correlation, regression) via SPSS. Ethical standards, including informed consent and confidentiality, were upheld. Findings reveal a significant positive correlation (r = 0.431, p < 0.05) between cash management and financial performance, with regression results showing a notable effect (β = 0.271, p = 0.009), explaining 77% of variance (R² = 0ros). Gaps in advanced budgeting tools and staff training were identified. The study concludes that effective cash management enhances financial performance by improving liquidity and accountability, recommending automated budgeting systems, regular training, and periodic audits to optimize outcomes.
Effect of Tax Rates on the Growth of Small and Medium Enterprises in Kisumu County, Kenya Madara, George Otieno; Ghabon, Yasin Kuso
International Journal of Multidisciplinary Approach Research and Science Том 3 № 03 (2025): International Journal of Multidisciplinary Approach Research and Science
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v3i03.1875

Abstract

Small and Medium Enterprises (SMEs) are critical to Kenya’s economy, driving employment and GDP growth. In Kisumu County, high tax rates, including turnover tax (3%), corporate income tax (30%), and value-added tax (VAT, 16%), pose significant barriers to SME growth. This study investigates the effect of tax rates on SME growth, focusing on profitability, customer base expansion, and operational scalability. Guided by the Economic Deterrence Theory, Ability-to-Pay Principle, and Resource-Based View, a correlational research design was employed, targeting 1,200 registered SMEs in Kisumu County. Using stratified random sampling, a sample of 291 SMEs was selected, with data collected from 262 respondents (90% response rate) via structured questionnaires with a five-point Likert scale. Validity was ensured through content and construct alignment, with reliability confirmed by a Cronbach’s alpha of 0.83. Descriptive statistics (means, frequencies, standard deviations) and inferential statistics (correlation, regression) were analyzed using SPSS version 26. Findings revealed a strong negative correlation (r = -0.645, p < 0.001) between tax rates and SME growth, with regression results indicating a significant negative effect (β = -0.435, p < 0.001). High tax rates increased operational costs (mean = 4.02, SD = 0.95), reduced profitability (mean = 3.98, SD = 0.97), and limited reinvestment (mean = 3.92, SD = 1.01). Challenges such as compliance costs and policy uncertainty were noted. The study concludes that high tax rates significantly hinder SME growth by constraining financial resources. Recommendations include revising tax rates, simplifying compliance, enhancing tax education, and introducing incentives to foster SME growth.
Co-Authors Madara, George Otieno Ochieng, Giriago Joseph