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EFFECT OF FINANCIAL MANAGEMENT PRACTICES ON PROCUREMENT PERFORMANCE OF COUNTY GOVERNMENTS: A CASE OF NAKURU COUNTY

 

 

Joab Philip Odeyo

Jomo Kenyatta University of Agriculture and Technology, Kenya

E-mail of the Corresponding Author: https://mail.google.com/mail/u/0/images/cleardot.gif This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

Dr. Allan Kihara

Jomo Kenyatta University of Agriculture and Technology, Kenya

 

CITATION: Odeyo, J., P. & Kihara, A. (2017). Effect Of Financial Management Practices On Procurement Performance Of County Governments: A Case Of Nakuru County. International Journal of Human Resources and Procurement. Vol. 6 (5) pp 335 – 354.

 

ABSTRACT

 

The purpose of the study was to establish the effect of financial management practices on procurement performance of County governments using a case of Nakuru County. The specific objective of the study was to establish the effect of internal controls, planning and budgeting, internal audit practices and financial reporting on procurement performance of county governments. The study was guided by Theory of Budgeting, Limperg’s Theory of Inspired Confidence, Resource Based Theory and Complexity Theory. This study adopted a descriptive survey design. The target population for the study was 138 employees that work in procurement and finance departments at Nakuru County Government. Primary data was gathered by use of structured questionnaires and captured through a 5-point likert scale type. The study collected data using drop and pick method. Data gathered from the questionnaires was analyzed quantitatively using statistical package for social sciences (SPSS) computer software. SPSS which generate both descriptive and inferential statistics was employed. Descriptive statistics including the mean and standard deviation were used to capture the characteristics of the variables under study. Inferential statistics; regression coefficient and bivariate correlation were used to analyze the relationship of the dependent variable and the independent variables. The results were presented inform of tables and charts. The results of correlation and regression analysis revealed that that there was a significant relationship between internal controls, planning and budgeting, internal audit practices and financial reporting and procurement performance. Improving financial management practices resulted to improved procurement performance. The study concluded that proper financial management practices were essential in procurement performance in county government in Kenya. The study recommended that county governments in Kenya should ensure that they effective financial management practices in place if they were to improve their procurement performance.

Keywords: Internal Controls, Planning and Budgeting, Internal Audit Practices and Financial Reporting, Procurement Performance

 

 

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