| dc.description.abstract | The objective of this study was to analyze and evaluate whether the form of business
ownership has any significant effect on the financial performance of sugar companies in
the Kenyan sugar industry.
The study was driven by the fact that the history of the Kenyan sugar industry has been
revolving around sugar shortages, inefficiencies, inability to compete with imported
sugar, perennial losses and political interferences. Despite the challenges facing the
industry, more new private companies are being registered and are yet to start milling
operations. Of the nine (9) sugar mills that operated within the study period, five (5) are
state-owned and four (4) are private. Despite these continued investments, selfsufficiency
in sugar has remained elusive over the years as consumption continues to
outstrip supply.
The study analyzed data obtained from the Annual Financial Statements of the sugar
companies for the years 1993 to 2010 using multivariate regression analysis | en |
