The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.

To examine the effect of risk management on financial performance in Uganda. We explored literature on risk management and the relationships with financial performance in public sector organizations. We designed a theoretical relationship between risk management and financial performance. A descript...

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Main Authors: Kabweine, Bernard Mwesigwa, Eton, Marus, Sunday, Arthur, Ogwel, Bernard Patrick
Format: Article
Published: Kabale University 2023
Online Access:http://hdl.handle.net/20.500.12493/1291
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author Kabweine, Bernard Mwesigwa
Eton, Marus
Sunday, Arthur
Ogwel, Bernard Patrick
author_facet Kabweine, Bernard Mwesigwa
Eton, Marus
Sunday, Arthur
Ogwel, Bernard Patrick
author_sort Kabweine, Bernard Mwesigwa
collection KAB-DR
description To examine the effect of risk management on financial performance in Uganda. We explored literature on risk management and the relationships with financial performance in public sector organizations. We designed a theoretical relationship between risk management and financial performance. A descriptive research design was adopted and a sample size of 169, which constituted council employees and beneficiaries was used. Data were collected through questionnaires and interviews. The study found a significant effect of risk management on financial performance. The study also established positive and significant relationships between risk management and financial performance at (r = .627; sig. <.05). Generally, risk management accounts for 39.3% of the total variations in the financial performance of Kabale municipality. The study shows that local governments in Uganda have strong risk management systems and are likely to register a 50% variation in their financial performance. The study recommends to both public and private organizations improve their risk management systems for high financial performance. The audit departments should strengthen risk management and control activities at the department level.
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publishDate 2023
publisher Kabale University
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spelling oai:idr.kab.ac.ug:20.500.12493-12912024-01-17T04:44:16Z The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District. Kabweine, Bernard Mwesigwa Eton, Marus Sunday, Arthur Ogwel, Bernard Patrick To examine the effect of risk management on financial performance in Uganda. We explored literature on risk management and the relationships with financial performance in public sector organizations. We designed a theoretical relationship between risk management and financial performance. A descriptive research design was adopted and a sample size of 169, which constituted council employees and beneficiaries was used. Data were collected through questionnaires and interviews. The study found a significant effect of risk management on financial performance. The study also established positive and significant relationships between risk management and financial performance at (r = .627; sig. <.05). Generally, risk management accounts for 39.3% of the total variations in the financial performance of Kabale municipality. The study shows that local governments in Uganda have strong risk management systems and are likely to register a 50% variation in their financial performance. The study recommends to both public and private organizations improve their risk management systems for high financial performance. The audit departments should strengthen risk management and control activities at the department level. 2023-07-05T14:39:41Z 2023-07-05T14:39:41Z 2023 Article Kabweine, B. M., Eton M., Sunday A. & Ogwel B. P. (2023). The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District. Kabale: Kabale University. http://hdl.handle.net/20.500.12493/1291 application/pdf Kabale University
spellingShingle Kabweine, Bernard Mwesigwa
Eton, Marus
Sunday, Arthur
Ogwel, Bernard Patrick
The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.
title The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.
title_full The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.
title_fullStr The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.
title_full_unstemmed The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.
title_short The Effect of risk management on financial Performance in Uganda. A Case of Kabale Municipal Council, Kabale District.
title_sort effect of risk management on financial performance in uganda a case of kabale municipal council kabale district
url http://hdl.handle.net/20.500.12493/1291
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