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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14

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Paper Title: Awareness of Budget Process Regulations and Financial Performance of Parastatals with Liquidity Gaps in Kenya
Authors Name: Stellamaris Muange , Denis Ouma , Sylvester Wanyama
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IJRTI_184472
Published Paper Id: IJRTI2211003
Published In: Volume 7 Issue 11, November-2022
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Abstract: Despite the implementation of participatory budgeting, parastatals still experience challenges which lead to poor financial performance. The main objective of this study was to evaluate the effect of awareness of budget process regulations on financial performance of parastatals with liquidity gaps in Kenya. The study was guided by; budget theory, resource dependence theory and agency theory. Positivism philosophy was adopted. Correlational research design was used on a population of 424 officers consisting of 8 procurement officers, 240 procurement clerks, 8 finance officers, 76 accountants and 8 managing directors from the parastatals. A purposive sampling technique was used to obtain the sample size. Primary data was collected by use of questionnaires while secondary data was collected through analysis of audited financial statements. Data were analyzed using SPSS. Reliability of research instruments was tested through Cronbach’s Alpha and construct validity was assessed through factor analysis. Awareness of budget process regulations had a regression coefficient of -0.056 and a p-value of 0.009 indicating a significant relationship on financial performance. The information obtained will help the government formulate strategies and polices to help in creating awareness of budget process regulations to the public. It also recommends that parastatals should create more awareness of budget process to the subordinates by the management.
Keywords: Awareness, Financial Performance, Liquidity Gaps, Parastatals, Regulations
Cite Article: "Awareness of Budget Process Regulations and Financial Performance of Parastatals with Liquidity Gaps in Kenya", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 11, page no.14 - 20, November-2022, Available :http://www.ijrti.org/papers/IJRTI2211003.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2211003
Registration ID:184472
Published In: Volume 7 Issue 11, November-2022
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Page No: 14 - 20
Country: Kaimosi, Kenya, Nairobi, Kenya
Research Area: Commerce
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2211003
Published Paper PDF: https://www.ijrti.org/papers/IJRTI2211003
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED, Journal Starting Year (ESTD) : 2016

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