Accounting Output Innovation Approaches and Financial Sustainability of Tier One Banks in Kenya
Abstract
This study examines the relationship between accounting output innovation approaches and financial sustainability of Tier One banks in Kenya. Using a correlational research design, data was collected from 242 senior and middle-level managers across 8 Tier One banks through questionnaires. The study employed descriptive statistics, correlation analysis, and regression analysis to analyze the data. Results indicate a moderate positive correlation (r = 0.394, p < 0.05) between accounting output innovation and financial sustainability. Online banking emerged as the most prominently used innovation approach (M = 3.9211, SD = 0.94101). The regression model explains 15.5% of the variance in financial sustainability (R² = 0.155). These findings suggest that while accounting output innovation significantly contributes to financial sustainability, other factors also play important roles. The study recommends that banks prioritize digital banking solutions and adopt a strategic approach to accounting innovation. Policymakers should develop regulatory frameworks that encourage innovation while ensuring consumer protection. This research contributes to the understanding of accounting innovation in the context of developing economies and provides insights for enhancing financial sustainability in the banking sector.
Keywords
Accounting Output Innovation Approaches, Financial Sustainability, Tier One Banks
Citations
IRE Journals:
Lubokha Samuel Kituyi , Munir Muganda , John Sirengo
"Accounting Output Innovation Approaches and Financial Sustainability of Tier One Banks in Kenya" Iconic Research And Engineering Journals Volume 8 Issue 1 2024 Page 363-369
IEEE:
Lubokha Samuel Kituyi , Munir Muganda , John Sirengo
"Accounting Output Innovation Approaches and Financial Sustainability of Tier One Banks in Kenya" Iconic Research And Engineering Journals, 8(1)
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