Combined influence of operational, credit, liquidity and environmental risks on water-sanitation infrastructure investments in Kenya
Keywords:
credit risks, environmental risks, liquidity risks, operational risks, water and sanitation infrastructure investmentsAbstract
The paper investigated the combined influence of Operational, Credit, Liquidity and Environmental
risks on Water-Sanitation Infrastructure Investments in Kenya. The study focuses on 14 risks related to
the water and sanitation infrastructure investments project life cycle. In particular, the study sought to
find out whether operational risks, credit risks, liquidity risks and environmental risks influence water
and sanitation infrastructure investments project in Kenya. The study adopted a mixed methodology
research design where qualitative and quantitative research approaches are used to test the research
hypotheses. From a target population of 127, Total Population Sampling (TPS) was adopted whereby
the whole population was studied. Data was collected using structured questionnaire with Likert scale
measurement. Both descriptive and inferential analysis methods were employed in the analysis. The results found out that operational risks (p-value 0.00), credit risks (p-value 0.00), liquidity risks (pvalue 0.01) and environmental risks (p-value 0.00) were positive and statistically significant. The studyrecommends the need to consider the significant variables as they influence that water and sanitation infrastructure investments project life cycle.
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