Hybrid Journal of Business and Finance https://royalliteglobal.com/hjbf <p style="text-align: justify;">Part of Royallite Global,&nbsp;<em>Hybrid Journal of Business and Finance</em> is a multidisciplinary journal that aims at publishing original and peer-reviewed papers across the breadths of business, finance, statistics, econometrics, eCommerce, ICT in business. Emphasis is given to both theoretical and applied research papers dealing with the applications of econometrics and statistics in solving problems in sciences, social sciences, business, finance, economics, and mathematics-related topics. The journal publishes research and review articles, short communications, editorials, book reviews, case reports, and research notes.</p> en-US royallitepublishers@gmail.com (AMOS OJWANG) royallitepublishers@gmail.com (AMOS OJWANG) Fri, 10 Jul 2020 21:09:55 +0000 OJS 3.2.1.1 http://blogs.law.harvard.edu/tech/rss 60 Relationship between contemporary management accounting practices and entrepreneurial strategies of large enterprises in Eldoret, Kenya https://royalliteglobal.com/hjbf/article/view/264 <p>Businesses in most economies contribute to the well being of the proprietors, community and economic development of the nation. In the face of significant number of studies focusing on contemporary management accounting practices (CMAPs) and entrepreneurial strategies, there still existed a gap. The thus study analyzed CMAPs and entrepreneurial strategies of large enterprises in Eldoret town. Basing on the accounting and decision usefulness theories, correlation survey targeted 570 enterprises. Data gathered using structured questionnaires from a sample size of 229 enterprises. From the findings, customer profitability analysis as a CMAP was widely used (mean = 3.64) while Pareto analysis was less popular (mean = 2.10). Furthermore, popular determinants of CMAPs used comprise entrepreneurial orientations, level of competition, financial performance, need for financial and non financial performance measures. It was evident that entrepreneurial strategies had a significant (p-values&lt; .05) relationship with CMAPs such as benchmarking (β =.318), total quality management, TQM (β=.559), activity based costing, ABC (β=.357), balanced scorecard, BSC (β=.385), strategic cost management, SCM (β=.558) and customer profitability analysis, CPA (β=.520). Consequently, significant number of CMAPs positively affects pursuance of entrepreneurial strategies by the firm. The study thus concluded that a large enterprise may possibly attain the entrepreneurial strategies if CMAPs are taken into consideration.</p> Peninah Jepkogei Tanui Copyright (c) 2020 Hybrid Journal of Business and Finance https://royalliteglobal.com/hjbf/article/view/264 Fri, 10 Jul 2020 00:00:00 +0000