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

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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)

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.

Suggested Citation

  • Njeri M. N. & Dr Muhoho J. & Kiarie J., 2020. "Financial Management Practices and Financial Performance of Construction Companies in Nairobi County," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(8), pages 665-670, August.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:8:p:665-670
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    References listed on IDEAS

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    1. Sahabi Ibrahim & Gordon Diibuzie & Mohammed Abubakari, 2017. "The Impact of Internal Control Systems on Financial Performance: The Case of Health Institutions in Upper West Region of Ghana," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(4), pages 684-696, April.
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