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Financial risk management instruments and performance of hydro-power projects in Kenya

Author

Listed:
  • Amolo Elvis Juma Amolo

    (University of Nairobi, Kenya)

  • Charles Mallans Rambo

    (University of Nairobi, School of Open and Distance Learning, Kenya)

  • Charles Misiko Wafula

    (University of Nairobi, School of Open and Distance Learning, Kenya)

Abstract

This paper aims (i) to establish the extent to which alternative risk transfer influence the performance of hydroelectric energy projects in Kenya, (ii) to examine how Contingent capital influence the performance of hydroelectric energy projects in Kenya, (iii) to To assess the extent to which Credit enhancement influence performance of hydroelectric energy projects in Kenya, (iv) to determine the extent to which Hedging derivatives influence performance of hydroelectric energy projects in Kenya, (v) to examine how Insurance influence performance of hydroelectric energy projects in Kenya. The study adopted the pragmatism paradigm, mixed-method approach, and descriptive correlational survey design while questionnaires and interview guide were used to collect quantitative and qualitative data from a census of 94 participants. This study recommends that project management and policymakers should integrate appropriate financial risk management instruments to improve the performance of hydroelectric energy projects besides developing targeted policies for strengthening the implementation of the financial risk management instruments to boost investors and lenders confidence Key Words: Financial Risk Management, Hydro-power projects, Energy, Kenya

Suggested Citation

  • Amolo Elvis Juma Amolo & Charles Mallans Rambo & Charles Misiko Wafula, 2021. "Financial risk management instruments and performance of hydro-power projects in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(4), pages 438-445, June.
    • Handle: RePEc:rbs:ijbrss:v:10:y:2021:i:4:p:438-445
    DOI: 10.20525/ijrbs.v10i4.1210
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    References listed on IDEAS

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    1. Charles W. Calomiris & Richard J. Herring, 2013. "How to Design a Contingent Convertible Debt Requirement That Helps Solve Our Too-Big-to-Fail Problem," Journal of Applied Corporate Finance, Morgan Stanley, vol. 25(2), pages 39-62, June.
    2. Dionysios Pramangioulis & Konstantinos Atsonios & Nikos Nikolopoulos & Dimitrios Rakopoulos & Panagiotis Grammelis & Emmanuel Kakaras, 2019. "A Methodology for Determination and Definition of Key Performance Indicators for Smart Grids Development in Island Energy Systems," Energies, MDPI, vol. 12(2), pages 1-22, January.
    3. Lee Cronbach, 1951. "Coefficient alpha and the internal structure of tests," Psychometrika, Springer;The Psychometric Society, vol. 16(3), pages 297-334, September.
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