Effect of Liquidity Management Strategies on Sustainability of Table Banking Groups in Uasin Gishu County, Kenya.

Content Provider	Zenodo
Author	Maina, Kimani E.
Abstract	Financial management strategies are crucial determinants of sustainability of table banking groups. It enables groups set clear goals, efficient utilization of resources, proper decisions in sourcing of finances and dividends decision making. The main purpose of this study was to establish the relationship between liquidity management strategies and sustainability of table banking groups in Uasin Gishu County, Kenya. The study was founded on liquidity preference theory and life cycle theory. The study adopted the descriptive survey research design. The target population were all table bank groups in Kenya. The accessible population was 538 registered table bank groups in Uasin Gishu County. A sample of 230 groups was involved in the study. Two stage sampling technique was used to narrow down the sub-counties. Purposive sampling technique was used to select 3 sub-counties out of six sub-counties in Uasin Gishu County. Simple random sampling technique was used to select respondents for the actual study. Self-administered questionnaires were used to collect data. Both descriptive and inferential statistics were used for data analysis. Descriptive statistical tools included frequencies, percentages, mean, variance and standard deviations. Inferential statistics included Pearsons Product Moment Correlation and multiple regression analysis. Findings were presented in tables, charts and graphs. The study established that liquidity management strategies positively and significantly influence sustainability of table banking groups (β=0.535; p < 0.05). It was concluded that proper financial management strategies could enable table banking groups to enhance their sustainability. The study is expected to guide organizational policy makers and investors as well as financial advisors and consultants on financial management strategies. The study recommended that risk management strategies should be incorporated in financial management strategies. It was also recommended that theories anchored this study should be applied so as to enhance sustainability.
File Size	1275088
File Format	PDF
DOI	10.5281/zenodo.1465646
Publisher Date	2018-06-24
Access Restriction	Open
Rights License	CC-BY-4.0
Subject Keyword	Liquidity management strategies, Sustainability of table banking, Uasin Gishu, Kenya
Content Type	Text
Resource Type	Article