Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises

<p id="p1">Financial management practices can positively affect the finance performance, but this relationship is also influenced by the farm and farmer characteristics, which moderates the effect size. Thus, this research investigates the effect financial management practices on financial performan...

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Autores principales: Kataike, Joanita, Asiimwe, Margret, Mawenu, Robert, Kagarura, Willy Rwamparagi
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Lenguaje:inglés
Publicado: IntechOpen 2024
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Acceso en línea:https://www.intechopen.com/chapters/1168430
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author Kataike, Joanita
Asiimwe, Margret
Mawenu, Robert
Kagarura, Willy Rwamparagi
author_browse Asiimwe, Margret
Kagarura, Willy Rwamparagi
Kataike, Joanita
Mawenu, Robert
author_facet Kataike, Joanita
Asiimwe, Margret
Mawenu, Robert
Kagarura, Willy Rwamparagi
author_sort Kataike, Joanita
building IntechOpen
collection Acceso abierto
description <p id="p1">Financial management practices can positively affect the finance performance, but this relationship is also influenced by the farm and farmer characteristics, which moderates the effect size. Thus, this research investigates the effect financial management practices on financial performance and the moderating role of farm and farmers&rsquo; socioeconomic characteristics of dairy enterprises. Based on existing researches, four financial management practices were considered and financial performance we considered profitability, liquidity, and solvency. The variables considered for moderation are; respondents&rsquo; age, education, and enterprise age. A hierarchical multiple regression with primary data was used to test for the moderating effect. The results revealed that financial management practices and firm and farmer characteristics significantly interact better with financial performance among dairy farm enterprise. Thus, the effect of financial management practices on financial performance depends on the firm and farmers&rsquo; characteristics such as age and education of the farmers, as well as the number of years the dairy enterprise exist. Implying that if dairy enterprises manage their capital structures, working capital, budget, and financial records this will ultimately increase profitability, liquidity, and solvency while incorporating more farm and farmers&rsquo; characteristics.</p>
doi_str_mv 10.5772/intechopen.1003272
first_indexed 2026-10-15T21:40:48Z
format Book Chapter
fullrecord <oai_dc:dc xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><identifier>intech-1168430</identifier><datestamp>2024-01-17</datestamp> <dc:title>Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises</dc:title> <dc:creator>Joanita Kataike</dc:creator> <dc:creator>Margret Asiimwe</dc:creator> <dc:creator>Robert Mawenu</dc:creator> <dc:creator>Willy Rwamparagi Kagarura</dc:creator> <dc:subject>Social Sciences and Humanities</dc:subject> <dc:description>&lt;p id="p1"&gt;Financial management practices can positively affect the finance performance, but this relationship is also influenced by the farm and farmer characteristics, which moderates the effect size. Thus, this research investigates the effect financial management practices on financial performance and the moderating role of farm and farmers&amp;rsquo; socioeconomic characteristics of dairy enterprises. Based on existing researches, four financial management practices were considered and financial performance we considered profitability, liquidity, and solvency. The variables considered for moderation are; respondents&amp;rsquo; age, education, and enterprise age. A hierarchical multiple regression with primary data was used to test for the moderating effect. The results revealed that financial management practices and firm and farmer characteristics significantly interact better with financial performance among dairy farm enterprise. Thus, the effect of financial management practices on financial performance depends on the firm and farmers&amp;rsquo; characteristics such as age and education of the farmers, as well as the number of years the dairy enterprise exist. Implying that if dairy enterprises manage their capital structures, working capital, budget, and financial records this will ultimately increase profitability, liquidity, and solvency while incorporating more farm and farmers&amp;rsquo; characteristics.&lt;/p&gt;</dc:description> <dc:publisher>IntechOpen</dc:publisher> <dc:date>2024-01-17</dc:date> <dc:type>Chapter, Part Of Book</dc:type> <dc:identifier>https://www.intechopen.com/chapters/1168430</dc:identifier> <dc:identifier>doi:10.5772/intechopen.1003272</dc:identifier> <dc:language>en</dc:language> <dc:relation>ISBN:978-0-85466-422-1</dc:relation> <dc:rights>https://creativecommons.org/licenses/by/3.0/</dc:rights> <dc:source>https://www.intechopen.com/books/1003141 ; Financial Literacy in Today's Global Market</dc:source> </oai_dc:dc>
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spelling intech-11684302024-01-17 Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises Joanita Kataike Margret Asiimwe Robert Mawenu Willy Rwamparagi Kagarura Social Sciences and Humanities <p id="p1">Financial management practices can positively affect the finance performance, but this relationship is also influenced by the farm and farmer characteristics, which moderates the effect size. Thus, this research investigates the effect financial management practices on financial performance and the moderating role of farm and farmers&rsquo; socioeconomic characteristics of dairy enterprises. Based on existing researches, four financial management practices were considered and financial performance we considered profitability, liquidity, and solvency. The variables considered for moderation are; respondents&rsquo; age, education, and enterprise age. A hierarchical multiple regression with primary data was used to test for the moderating effect. The results revealed that financial management practices and firm and farmer characteristics significantly interact better with financial performance among dairy farm enterprise. Thus, the effect of financial management practices on financial performance depends on the firm and farmers&rsquo; characteristics such as age and education of the farmers, as well as the number of years the dairy enterprise exist. Implying that if dairy enterprises manage their capital structures, working capital, budget, and financial records this will ultimately increase profitability, liquidity, and solvency while incorporating more farm and farmers&rsquo; characteristics.</p> IntechOpen 2024-01-17 Chapter, Part Of Book https://www.intechopen.com/chapters/1168430 doi:10.5772/intechopen.1003272 en ISBN:978-0-85466-422-1 https://creativecommons.org/licenses/by/3.0/ https://www.intechopen.com/books/1003141 ; Financial Literacy in Today's Global Market
spellingShingle Social Sciences and Humanities
Kataike, Joanita
Asiimwe, Margret
Mawenu, Robert
Kagarura, Willy Rwamparagi
Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises
title Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises
title_full Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises
title_fullStr Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises
title_full_unstemmed Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises
title_short Assessing the Effect of Financial Management Practices on Financial Performance and the Moderating Role of Farm and Farmers’ Socioeconomic Characteristics on Dairy Enterprises
title_sort assessing the effect of financial management practices on financial performance and the moderating role of farm and farmers socioeconomic characteristics on dairy enterprises
topic Social Sciences and Humanities
url https://www.intechopen.com/chapters/1168430
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