Research Paper | Finance | Kenya | Volume 10 Issue 2, February 2021
Financial Risk Management Practices and Business Sustainability: Empirical Findings from Private Hospitals in Nairobi, Kenya
Ogutu Amos Washika, Prof. David Kiragu, Dr. Anthony Ngunyi, Dr. Mohammed Shano
Health is the third sustainable development goal under the seventeen United Nations sustainable development goals of 2015. Private hospitals play a key role in promoting the well-being of citizens. In Kenya, private hospitals provide over 47 % of the healthcare services to the general population of over 53.8 million people in Kenya. Health is one of socio-economic factors that have a strong bearing on the economic growth of a nation. Despite their importance, their sustainability has been at risk, threatening provision of health services to Kenyans, achievement of social pillar agenda under Kenya’s vision 2030 and the implementation of the Kenya Health Policy 2014-2030. Effective risk management plays a fundamental role in ensuring business continuity. The study investigated the effect of financial risk management practices on sustainability of private hospitals in Nairobi County, Kenya. This study adopted positivism research philosophy and a descriptive research design. The sampling frame was 68 private hospitals that are located in Nairobi based on the Kenya Medical Practitioners and Dentist Board retention register (2019) and NHIF accredited Hospitals. A closed ended questionnaire was used to collect primary data.. In order to test the reliability of the instrument, a pilot study was carried out on 30 respondents from private hospitals in Mombasa, Siaya, Kakamega and Meru Counties. The study utilized the Statistical Package for Social Sciences (SPSS) for data analysis.Bivariate linear regression was used for inferential analysis after testing the data for normality, linearity and independence. Regression results showed that the regressor had a positive and statistically significant effect on regressand, with an explanatory power (R-Square) of 23.6 %. The study recommends that first; private hospitals should continuously build, monitor and review capacity of the financial risk management function as it has a significant relationship with sustainability of hospit
Keywords: financial risk management practices, sustainability, healthcare
Edition: Volume 10 Issue 2, February 2021
Pages: 142 - 150
How to Cite this Article?
Ogutu Amos Washika, Prof. David Kiragu, Dr. Anthony Ngunyi, Dr. Mohammed Shano, "Financial Risk Management Practices and Business Sustainability: Empirical Findings from Private Hospitals in Nairobi, Kenya", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=SR21112003912, Volume 10 Issue 2, February 2021, 142 - 150
68 PDF Views | 60 PDF Downloads
Similar Articles with Keyword 'sustainability'
Doctoral Thesis, Finance, Morocco, Volume 9 Issue 11, November 2020
Pages: 1188 - 1197The Failure of SMEs: Review of Literature and Development in Morocco
Ait Soudane Jalila, Essalhi Omar
Research Paper, Finance, Kenya, Volume 10 Issue 2, February 2021
Pages: 142 - 150Financial Risk Management Practices and Business Sustainability: Empirical Findings from Private Hospitals in Nairobi, Kenya
Ogutu Amos Washika, Prof. David Kiragu, Dr. Anthony Ngunyi, Dr. Mohammed Shano
Research Paper, Finance, Morocco, Volume 9 Issue 8, August 2020
Pages: 1359 - 1370Discriminant Analysis of Companies Failure: Application to Moroccan SME
Pr. AIT Soudane Jalila, Essalhi Omar
M.Tech / M.E / PhD Thesis, Finance, Rwanda, Volume 9 Issue 6, June 2020
Pages: 1154 - 1158The Effect of ATM on the Growth and Sustainability of Commercial Banks in Rwanda; A Case Study of Ecobank Rwanda
Rutaganda Emmanuel, Mulyungi Patrick
Research Paper, Finance, Rwanda, Volume 8 Issue 11, November 2019
Pages: 1215 - 1217The Effect of ATM on the Growth Sustainability of Commercial Banks in Rwanda; A Case Study of ECOBANK Rwanda
Rutaganda Emmanuel, Dr. Patrick Mulyungi
Similar Articles with Keyword 'healthcare'
Research Paper, Finance, Kenya, Volume 10 Issue 2, February 2021
Pages: 142 - 150Financial Risk Management Practices and Business Sustainability: Empirical Findings from Private Hospitals in Nairobi, Kenya
Ogutu Amos Washika, Prof. David Kiragu, Dr. Anthony Ngunyi, Dr. Mohammed Shano
Research Paper, Finance, India, Volume 7 Issue 8, August 2018
Pages: 418 - 426Financial Analysis of Pharmaceutical Companies in India
Akanksha Puwar; Kashish Jalan; Ashim Garg