Determining the Influence of Risk Management on the Financial Performance of Ventures of the Seventh-day Adventist Church in Kenya

Abstract

Risk management plays a crucial role in ensuring financial stability and sustainability within organizations. This study examines the impact of risk management practices on the financial performance of Ventures affiliated with the Seventh-day Adventist (SDA) Church in Kenya. Using a quantitative research design, data were collected from 100 respondents across various SDA Ventures, including CEOs, business managers, accountants, and internal auditors. Findings indicate that effective risk management positively correlates with improved financial performance (r = 0.579, p < .001), and regression analysis shows that it explains 33.6% of the variance in financial outcomes (B = 0.64, p < .05). The study recommends implementing comprehensive risk management strategies, strengthening internal controls, and enhancing governance frameworks to improve financial stability.

Keywords:       Risk Management, Financial Performance, SDA Ventures, Corporate Governance, Internal Controls, Agency Theory, Stewardship Theory