FACTORS INFLUENCING FINANCIAL SUSTAINABILITY IN REGIONAL INTERGOVERNMENTAL ORGANIZATIONS (IGOS) IN AFRICA
Abstract
The main objective of this study was be to establish factors influence financial sustainability of inter-governmental organizations in Africa, a case study of Regional Center for Small Arms (RECSA). The specific objectives of the study were to examine the effect of budgeting strategies on financial sustainability and the relationship between financial control systems and financial sustainability. The study adopted a descriptive survey design. The target populations of this study were all the employees of Regional Center for Small Arms (RECSA). It covered a number of employees that were directly involved with financial stability but they were not limited to finance directors (FD) project directors, Head of research, research officers and accountant’s. The sampling frame of this study was derived from the database of individuals at RECSA secretariat. Purposive sampling was used in selecting the respondents from their respective countries. A Likert scale questionnaire was used to gather primary information while a secondary data collection sheet was used for collecting secondary information regarding firm performance. Information was sorted, coded and input into the statistical package for social sciences (SPSS) version 23.0. The analyzed data was presented in form of frequency distribution tables. The findings indicated that financial control system and budgeting strategies at RESCA had a strong positive significance influence on financial sustainability at RESCA.
Key Words: Budgeting Strategies, Financial Control Systems, Financial Sustainability
Full Text:
PDFReferences
Abdelkarim, N. (2012). The long-term sustainability of the Palestinian NGO sector: An Assessment. Palestine: The Welfare Association Consortium.
Akingbola, K. (2004). Staffing, retention, and government funding: A case study. Nonprofit Management and Leadership, 14(4), 453-465.
Bowman, W. (2011). Financial capacity and sustainability of ordinary nonprofits. Nonprofit management and leadership, 22(1), 37-51.
Ali, A. A. (2012). Factors influencing sustainable funding of non-governmental organizations in Africa: A case study of Sisters Maternity Home (SIMANO) in Garissa, Nairobi University press, Africa.
Ansoff, H. I., & McDonnell, E. J. (2010). Implanting Strategic Management. Englewood Cliffs, NJ: Prentice-Hall International.
Ashoka, J. & Mango, K. (2015). An Assessment of NGO’s Institutional Performance; South-Western Publishing.
Besel, K., Williams, C. L., & Klak, J. (2011). Nonprofit sustainability during times of uncertainty. Nonprofit Management and Leadership, 22(1), 53-65.
Bell, J., Masoka, J., and Zimmerman, S. (2010).Nonprofit Sustainability: Making Strategic Decisions for Financial Viability, San Francisco: Jossey-Bass.
Bennett, R., and Sharmila, S. (2011).Surviving Mission Drift: How Charities Can Turn Dependence on Government Contract Funding to Their Own Advantage, Nonprofit Management and Leadership, Vol. 22, No. 2, pp. 217-231.
Besel, K., Charlotte L.W., and Klak, J. (2011).Nonprofit Sustainability During Times of Uncertainty, Nonprofit Management and Leadership, Vol. 22, No. 1, pp. 53-65.
Bowman, W. (2011). Financial Capacity and Sustainability of Ordinary Nonprofits, Nonprofit Management and Leadership, Vol. 22, No. 1, pp. 37-51.
Brinkerhoff, G., & Goldsmith, K. (2010). Non-governmental Organizations-Performance and Accountability. Beyond the Magic Bullet, Earthscan Publications, London.
Camisón, C. (2005), on how to measure managerial and organizational capabilities. Multi-item Models for measuring distinctive competences, Management Research, Vol. 3 No.1, pp.27- 48.
Carroll, R., & Stater, T. (2009). Understanding Sustainability of not for profit organizations: Resource Guide. New Delhi: Vikas Publishing House PVT Ltd.
Chitere, P. (2010). Community Development: Its inception and Practice with Emphasis on Africa, Nairobi: Gideon S. Were Press.
Counterpart International (C.I) (2011). Organizational development handbook. Kabul: CI.
Davis, B. (2013). Financial Sustainability and Funding Diversification: The Challenge for Indonesian IGOs. International Journal of Voluntary and Nonprofit Organizations, 1–26.
Hedgpeth, D. & Boak, J. (2011). USAID suspends District-based nonprofit AED from contracts amid investigation. Washington Post, December 8.
Karanja, J. G. &Karuti, J. K. (2014). Assessment of factors influencing financial sustainability of non-governmental organizations in Isiolo County, Africa. International Journal of Economics, Commerce and Management, 2 (9), 1-14.
Karanja, J. G. &Karuti, J.K. (2014). Assessment of Factors Influencing Financial Sustainability of Non-Governmental Organizations in Isiolo County, Africa. International Journal of Economics, Commerce and Management United Kingdom 2(9), 143-160.
Lewis, T. (2011). Financial sustainability essentials: Course handbook. Oxford: Management Accounting for Non-Governmental Organizations (MANGO).
Mugenda, O. &Mugenda, A. (2010). Research methods quantitative and qualitative approaches. Nairobi: Acts Press
Moore, D. (2010). Laws and other mechanism for promoting NGO financial sustainability. The Journal of Development Studies, 37(1), 25-56.
Muriithi, C.W. (2014). Factors that determine sustainability of Non-Profit Organizations in Africa. University of Nairobi press, Africa.
IGOs Co-ordination Board of Africa, (2016). Status report on IGOs registration, Utility Bulletin.
Nsubuga, E. H. K. (2006). Fundamentals of Education Research. Kampala, Uganda. K Publishers (U) Ltd.
Nyakwaka (2010). Women’s Participation in Political Processes in Africa: The Case of Nyamira County 1963- 2013 (Doctoral dissertation, Africatta University).
Nyakwaka J. (2010) Factors Affecting Financial Sustainability of Donor Funded Project5s
Renz, David O., and Associates, eds. (2014). The Jossey-Bass Handbook of Nonprofit Leadership & Management, 3rd edition. San Francisco, CA: Jossey- Bass.
Saungweme, M. (2014). Factors influencing financial sustainability of local IGOs: The case of Zimbabwe (Doctoral dissertation, Stellenbosch: Stellenbosch University).
Nuka, D. (2010). Sustainability of IGOs in Kosova: Challenges of the third sector and the ways forward (MBA Thesis). American university in Kosova, Kosova.
Okorley, E. L., & Nkrumah, E. E. (2012). Organizational factors influencing sustainability of local Non-Governmental Organizations in Ghana. International Journal of Social Economics, 39(5), 330-341.
Saungweme, M. (2014). Financial sustainability of local IGOs in Zimbabwe, Stellenbosch University, Zimbabwe.
The Regional Environmental Center (REC) for Central and Eastern Europe (2006). Problems, Progress and Possibilities; a needs assessment of environmental IGOs in Central and Eastern Europe.
Turary, A. (2002). Sustainability of local non-governmental organizations in Ghana. Master of Science thesis. Kwame Nkrumah University of Science and Technology.
Waiganjo, E.W., Ng’ethe, J. W. & Mugambi, D.N., (2012). An investigation into the strategies adopted by Non-Governmental Organizations in Africa to increase financial sustainability. International Journal of Current Research, 4(4), 74-78.
DOI: http://dx.doi.org/10.61426/sjbcm.v5i4.972
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 3.0 License.
PAST ISSUES:
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.