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Effect of School-Ba.ed Incom. Genera.ing a.tivities on the Fina.cia. Perform.0}ce of Public Seconda.y Schools in Kenya

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Chinese Business Review 2013年第6期12卷 375-394页

作者： paul a. odundo charles m. ram.o University ofNa.robi Nairobi Kenya

This study wa. conducted to determ.ne the va.ue a.ded by Incom.-Genera.ing a.tivities （IGa.） on the fina.cia. perform.0}ce of public seconda.y schools, in term. of a.sets, lia.ility portfolio, a.d net worth. Seconda.y school m.0}a.ers ha.e the giga.tic ta.k of ba.a.cing m.a.er resources between subsistence a.d developm.nt needs a. well a. good perform.0}ce in na.iona. exa.ina.ions. However, m.0}ro-econom.c shocks such a. infla.ion, fuel shorta.e, a.d crop fa.lure, a.ong others, often m.lita.e a.a.nst the success of public schools. School-ba.ed IGa. ena.le public schools to cope with externa. econom.c shocks, without necessa.ily pa.sing down budgeta.y a.justm.nts to pa.ents. However, the country la.ks a.clea. policy guideline to fa.ilita.e the initia.ion, m.0}a.em.nt, a.counting, reviewing, a.d fina.cia. reporting of IGa.projects. Besides, there is no docum.nted inform.0}ion rega.ding the va.ue a.ded by IGa.initia.ives to the fina.cia. perform.0}ce of public seconda.y schools. The study found tha. IGa.a.d non-IGa.schools were significa.tly different in term. of ca.egory, student popula.ion, a.e, a.nua. incom., a.d num.er of pa.d workers. Schools ha.ing IGa. were 1.9 tim.s m.re likely to own a. m.0}y a.sets a. schools not ha.ing IGa.. Besides, IGa.schools were a.out 2.2 tim.s less likely to ha.e their lia.ility in excess of the m.dia. threshold. Rega.ding net worth, the study found tha. schools ha.ing IGa. were a.out 2.1 tim.s m.re likely to be opera.ing a.ove the m.dia. threshold; suggesting tha. schools ha.ing IGa. were wea.thier tha. non-IGa.schools. Ba.ed on the findings, this study concludes tha. IGa.projects were beneficia. to schools by im.roving the a.ility of schools to a.cum.la.e a.sets a.d m.0}a.e their lia.ilities. The study recom.ends the need to： form.la.e a. a.propria.e policy framework to guide a.d sta.da.dize IGa.a.tivities; initia.e suita.le tra.ning programs for school IGa.m.0}a.ers; a. well a. enga.e business developm.nt m.0}a.ers to a.vice schools on IGa.m.0}

关键词： incom.-genera.ing a.tivities fina.cia. perform.0}ce public seconda.y schools educa.ion fina.cing m.0}ro-econom.c shocks

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