Factors affecting financial performance of water service providers. A case of public water companies in kenya.
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
Financial performance of public water companies is increasingly gaining attention in the water sector. Theoretically, there is consensus that viability of an organization is related to its financial performance. The aim of the study was to evaluate the factors affecting financial performance of water service providers in Kenya. Specific objectives were: to assess the effect of debt collection period on financial performance of water service providers in Kenya; to assess the effect of metering ratio on financial performance of water service providers in Kenya; to evaluate the effect of number of customer connections on financial performance of water service providers in Kenya; to evaluate the effect of maintenance cost coverage on financial performance of Water Service Providers in Kenya. A descriptive survey design was employed for the study where 64 urban water service providers in Kenya were analyzed. The study found out that the factors that significantly affected the financial performance of water companies were metering ratio and the operation and maintenance cost. Water service providers should increase their coverage by increasing number of customer connections to especially new territories, this will in return increase revenues. Stakeholders in the water sector should consider employing alternative power sources so as to manage power bills. Investments in gravity system than pumping and solar system than electricity should be explored. The study recommends that research can be done on the effect of billing efficiency, water tariffs on performance of water service providers in Kenya.
Authors and Affiliations
Mr. Isaiah Miroro, Dr. Fredrick M. Kalui
Keywords
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- EP ID EP422785
- DOI 10.9790/5933-0906023137.
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