Title:
INFLUENCE OF FINANCIAL RISK ON MOBILIZATION OF INFRASTRUCTURAL FINANCE THROUGH PUBLIC PRIVATE PARTNERSHIP AT THE NATIONAL TREASURY IN KENYA

Authors:
Solomon Thuo Ngahu, Prof. Willy Muturi, Dr. Patrick Ngumi (Phd) and Dr. Josphat Kwasira

Abstract:
The study sought to examine the influence of financial risks on mobilization of infrastructural finance through public private partnership at the National Treasury in Kenya. The study wa s premised on agency theory. The study employed cross sectional survey research design. The target population included all the management staff including chief executive officers, project managers, finance officers, procurement officers and transaction advisors in all government contracting authorities in Kenya. A sample of 145 respondents was drawn from the target population using Yamane’s formula. The study employed questionnaire for data collection. Cronbach alpha coefficient was used to indicate the reliability of the research instrument. Collected data was analyzed using descriptive and inferential statistics with the aid of Statistical Package for Social Sciences. Findings indicated that financial risks had a significant influence on infrastructural financial mobilization through PPPs. The study recommends that the government set up a steering committee to address issues related to financial risks and finance mobilization through PPPs.