prefix: doi.org/10.52283/1.ajbmr |
News UpdatesCurrent Issue: Vol.11 No.01 2026 Ajbmr indexed in Australian Business Dean Council (ABDC) | Find us on: Academic Journals Database, World Cat , ISI
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Moderating Influence of Implementation of Policy Framework on the Relationship Between Financial Management Practices and Performance of the Real Estate Projects in Starehe Sub County, Nairobi County
► Henry Bundi Ndege (Corresponding Author)
hbundiatpawekenya@gmail.com
https://orcid.org/0009-0005-5940-9403
► Charles Mallans Rambo
►Stephen Wanyonyi Luketero
Received: 14 January 2025
Final Revision:29 May 2025
Accepted: 17 June 2025
Published: 20 July 2025
10.52283/NSWRCA.AJBMR.20250902A09
AbstractThis study examined the moderating influence of policy framework implementation on the relationship between financial management practices and the performance of real estate projects in Starehe Sub- County, Nairobi County. The research adopted a pragmatic paradigm utilizing both predictive correlational and descriptive research designs. Data was collected from two hundred and twelve respondents including finance managers, project managers, project engineers, and contractors, representing a response rate of eighty-three-point eight percent. The study employed moderated multiple linear regression analysis to test the hypothesized relationships. The findings revealed that policy framework implementation significantly moderates the relationship between financial management practices and project performance (beta equals zero point two eight nine, t equals four point three zero one, p is less than zero point zero zero one). The interaction effect explained an additional three-point six percent of variance in project performance beyond the main effects of financial management practices and policy framework implementation. While policy framework implementation showed no significant direct effect on project performance, its interaction with financial management practices demonstrated that the regulatory environment influences the effectiveness of financial management in driving project outcomes. The study recommends that real estate developers should closely monitor policy changes and develop adaptive financial management strategies to ensure project success within evolving regulatory frameworks. These findings contribute to the understanding of how regulatory environments shape the relationship between financial management practices and project performance in the real estate sector.Keywords: Financial Management Practices, Policy Framework Implementation, Real Estate Projects, Project Performance, Regulatory Environment, Nairobi County.
Pages:62-77 :: Download-View
