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ZENODO
Article . 2024
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
ZENODO
Article . 2024
License: CC BY
Data sources: Datacite
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INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE OF MEAT EXPORT COMPANIES IN KENYA: A CAS E STUDY OF NEEMA LIVESTOCK AND SLAUGHTERING INVESTMENT LIMITED

Authors: Nurke Mohamed Hido; Jared Osoro;

INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE OF MEAT EXPORT COMPANIES IN KENYA: A CAS E STUDY OF NEEMA LIVESTOCK AND SLAUGHTERING INVESTMENT LIMITED

Abstract

Abstract: The general objective of the study was to determine the impact of the impact of internal control systems on the financial performance of Neema Livestock and Slaughtering Investment Limited and specific goals were to ascertain the effects of control environment, communication management on the financial performance of Neema Livestock and Slaughtering Investment Limited. The study holds significant value for various stakeholders, including businesses, policymakers, investors, and regulatory bodies. It was easier for Kenyan meat exporters to pinpoint areas for development and put into practice practical plans to boost operational effectiveness if they are aware of how internal control systems affect financial performance, mitigate risks, and optimize resource allocation. By strengthening internal controls, companies can safeguard their assets, improve decision-making processes, and ultimately achieve sustainable growth and profitability. The study was grounded in three theories, including stakeholder theory, information theory, and modern portfolio theory. The study employed a descriptive research design with a study population of 100 respondents. The census method was adopted during sampling. Data was collected using questionnaires. The pilot study was conducted using 10 participants who was randomly selected from KMC and SPSS, and basic statistics was used to examine the qualitative data. The data was presented using tables and figures. Inferential statistics was used to show how variables are related. Ethical guidelines were observed during the study. The findings showed a significant link between internal control systems and financial performance. The results show that control environment, and communication management have an effect on financial performance. It concludes that effective communication management and financial performance are significantly connected and that communication management at NLSIC has a significant impact on financial performance. It is imperative that NLSIC's management understands that organizational controls facilitate the implementation of strategies and enable both proactive and reactive corrective changes for enhanced financial performance. Internal organizational controls allow senior management to determine what needs to be adjusted and when .Further investigation of the internal control system and financial performance is warranted in light of the study's results, recommendations, and conclusion. Keywords: Internal Control Systems, Financial Performance, communication management, control environment. Title: INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE OF MEAT EXPORT COMPANIES IN KENYA: A CAS E STUDY OF NEEMA LIVESTOCK AND SLAUGHTERING INVESTMENT LIMITED Author: Nurke Mohamed Hido, Jared Osoro International Journal of Social Science and Humanities Research ISSN 2348-3156 (Print), ISSN 2348-3164 (online) Vol. 12, Issue 4, October 2024 - December 2024 Page No: 100-115 Research Publish Journals Website: www.researchpublish.com Published Date: 25-October-2024 DOI: https://doi.org/10.5281/zenodo.13993472 Paper Download Link (Source) https://www.researchpublish.com/papers/internal-control-systems-and-financial-performance-of-meat-export-companies-in-kenya--a-cas-e-study-of-neema-livestock-and-slaughtering-investment-limited

Keywords

control environment, communication management, Internal Control Systems, Financial Performance

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green