Research Papers

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Research papers

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    Determining the Moderating Effect of Intellectual Capital on the Relationship between Corporate Governance and Financial Performance of Ventures of the Seventh-day Adventist Church in Kenya
    (African Development Finance Journal, 2025-07) Okoth,Nicodemus O.; Okello,Stephen L.; Okowa,Mark
    This study examines the moderating role of intellectual capital in the relationship between governance practices and the financial performance of Ventures within the Seventh - day Adventist (SDA) Church in Kenya. Intellectual capital, encompassing human, structural, and relational capital, has been recognized as a critical driver of institutional financial performance. Governance practices, including transparency, accountability, and strategic decision-making, significantly influence financial stability and operational efficiency. This study employs a mixedmethod research design, combining qualitative and quantitative analyses. Data were collected from 120 respondents across ten SDA Ventures, including administrators, financial managers, and governance board members. Descriptive and inferential statistical analyses were performed using hierarchical regression models to assess the moderating effects of intellectual capital. Findings indicate that intellectual capital strengthens the relationship between governance practices and financial performance, enhancing institutional sustainability and efficiency β = .246, p < .05, B = .200). The study recommends investing in intellectual capital development, improving governance frameworks, and fostering knowledge-sharing practices to maximize financial performance.
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    Moderating effect of Government Policy on the Relationship between Internal Control Systems and Financial Performance of Insurance Companies in Kenya
    (African Development Finance Journal, 2025-07) GEKE,Abel Manas; ODONDO ,Alphonce J.; Ouche,Mark
    This research examined the influence of government policy as a moderating variable in the relationship between internal control systems and the financial performance of insurance firms in Kenya. The study involved 58 insurance companies and utilized a combination of descriptive and correlational research designs. To assess the interaction between the study variables, multiple regression analysis was conducted. The findings revealed that government policy significantly moderated the relationship, strengthening the positive impact of internal control systems on the financial performance of the firms. Based on these results, the study recommends that improved compliance with government policy frameworks may enhance the effectiveness of internal control systems in boosting financial outcomes within the insurance sector in Kenya. It recommends that insurance companies should operate with transparency and adhere strictly to governmental regulations and standards. Operating in an open and transparent manner ensures compliance with relevant laws, strengthens public trust, and ensures long-term sustainability in the market. This strategy is expected to enhance compliance with regulatory standards and promote long-term financial stability within the insurance industry.