Dr. Francis K. Gitagia

Title/Qualifications: PhD. Finance; MBA (Finance); BBAM (Accounting), CPA (K) Department/Unit/Section: Accounting and Finance Contact Address:43844-00200 Nairobi Position: Lecturer Area of Specialization: Accounting and Finance Research Interests: Sustainable Corporate Finance Corporate email: This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it. View Full CV

PUBLICATIONS

• Mutuku, J. K., Gitagia, F. (2026). Internal control systems and financial sustainability of selected supermarkets in Nairobi City County, Kenya. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(3), 435-451. http://www.iajournals.org/articles/iajef_v5_i3_435_451.pdf

• Mwangi, K. F., Gitagia, F. (2026). Financial governance and absorption efficiency of aid funds under the Kenya Devolution Support Programme. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(3), 414-434. https://iajournals.org/articles/iajef_v5_i3_414_434.pdf

• Nalyanya, B. L., Makori, D.,  Gitagia, F. (2026). Sustainable financing practices and firm value of listed banks at the Nairobi Securities Exchange, Kenya. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(3), 452-469. https://iajournals.org/articles/iajef_v5_i3_452_469.pdf

• Anyuat, M. A., Gitagia, F. K. (2026). Digital financial capabilities and financial inclusion among women micro-entrepreneurs in juba’s informal economy. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(4), 288-302. http://iajournals.org/articles/iajef_v5_i4_288_302.pdf

• Malla, Q. D.,  Gitagia, F. (2026). County financial management practices and locally generated revenue in the county government of Marsabit. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(2), 369-386. https://www.iajournals.org/articles/iajef_v5_i2_369_386.pdf

• Ndung’u, L. W.,  Gitagia, F. (2026). Automated revenue systems on the own source revenue of Kiambu County Government, Kenya. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(2), 477-491. https://mail.iajournals.org/articles/iajef_v5_i2_477_491.pdf

• Muthoga, G. M.,  Gitagia, F. (2026). Digital financial innovations and financial empowerment of women table banking groups in Kirinyaga County, Kenya. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(3), 1-17. https://www.iajournals.org/articles/iajef_v5_i3_1_17.pdf

• Dafala, A. S.,Gitagia, F. (2026). Financial technology and access to capital among youth- owned enterprises in Mombasa County, Kenya. International Academic Journal of Economics and Finance (IAJEF)| ISSN 2518-2366, 5(3), 246-260. https://mail.iajournals.org/articles/iajef_v5_i3_246_260.pdf

• Oguna, S. A., Gitagia, F. (2025). Capital Lifecycle and Financial Stability of Women Table Banking Groups in Nakuru County, Kenya (No. hal-05196922).
  10. Njagi, P. N., & Gitagia, F.K. (2024). Working capital management and profitability of tea factories managed by KTDA in Kirinyaga and Embu Counties – Kenya. International Journals of Academics Page 2 of 4 Research (IJARKE) Business & Management Journal, 6(4), May – Jul. 2024. https://storage.googleapis.com/wzukusers/user- 34065638/documents/0600c7da77104be885fe1e4f233f9f0d/20- IBMJ%20Vol%206%20Issue%204%2020.pdf

• Ebichinji, O. J., Gatauwa, J. M.,  Gitagia, F. K. (2024). Investment of the fund, financing structure, and financial performance of umbrella and individual pension schemes in Kenya. International Research Journal, 6(2), 1-10. https://www.irjp.org

• Andrew, I. K.,Gitagia, F. (2024). Analyzing CAMELS financial indicators and the performance of microfinance banks in Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal, 6(4), May – Jul. 2024. https://storage.googleapis.com/wzukusers/user- 34065638/documents/1ceab05177234bc08c61b05348bd96eb/18- IBMJ%20Vol%206%20Issue%204%2018.pdf

• Kevin, C. K.,Gitagia, F.K. (2024). Financing structure and firm value of agricultural companies listed at Nairobi Securities Exchange – Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal, 6(4), May – Jul. 2024. https://www.ijarke.com/ibmj-vol-6-issue-1-4

• Muntolol, D. S.,Gitagia, F. K(2024). Board size and financial performance of commercial banks listed at the Nairobi Securities Exchange, Kenya. International Journal of Management and Commerce Innovations, 12(1), 60-68. https://www.ijarke.com/ibmj-vol-6-issue-1-4

• Nunow, I. H.,Gitagia, F. K. (2024). Financial leverage and firm value of insurance companies listed at the Nairobi Securities Exchange in Kenya. International Journals of Academics  Research (IJARKE) Business & Management Journal, 6(2), Nov. 2023 – Jan. 2024. https://doi.org/10.32898/ibmj.01/6.2article15

• Njagi, P. N., & Gitagia, F. (2024). Working capital management and profitability of tea factories managed by KTDA in Kirinyaga and Embu Counties – Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal, 6(4), May – Jul. 2024. https://storage.googleapis.com/wzukusers/user-34065638/documents/0600c7da77104be885fe1e4f233f9f0d/20-IBMJ%20Vol%206%20Issue%204%2020.pdf
• Andrew, I. K., & Gitagia, F. (2024). Analyzing CAMELS financial indicators and the performance of microfinance banks in Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal, 6(4), May – Jul. 2024. https://storage.googleapis.com/wzukusers/user-34065638/documents/1ceab05177234bc08c61b05348bd96eb/18-IBMJ%20Vol%206%20Issue%204%2018.pdf
• Kevin, C. K., & Gitagia, F. (2024). Financing structure and firm value of agricultural companies listed at Nairobi Securities Exchange – Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal, 6(4), May – Jul. 2024. https://www.ijarke.com/ibmj-vol-6-issue-1-4
• Muntolol, D. S., & Gitagia, F. (2024). Board size and financial performance of commercial banks listed at the Nairobi Securities Exchange, Kenya. International Journal of Management and Commerce Innovations, 12(1), 60-68. https://www.ijarke.com/ibmj-vol-6-issue-1-4
• Nunow, I. H., & Gitagia, F. K. (2024). Financial leverage and firm value of insurance companies listed at the Nairobi Securities Exchange in Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal, 6(2), Nov. 2023 – Jan. 2024. https://doi.org/10.32898/ibmj.01/6.2article15
• Chuol, M. D., & Gitagia, F. (2024). Working capital management practices and financial performance of manufacturing and allied firms listed at the Nairobi Securities Exchange – Kenya. International Journals of Academics & Research (IJARKE) Business & Management Journal. Advance online publication. https://storage.googleapis.com/wzukusers/user-34065638/documents/9dab8fa4b3024f77b412188a1d5385fb/06-IBMJ%20Vol%206%20Issue%204%2006.pdf
• Mwiti, M. E., Gitagia, F.K (2023). Long term debts and financial performance of manufacturing firms listed at Nairobi Securities Exchange, Kenya. International Academic Journal of Economics and Finance, 3(10), 267-278. https://iajournals.org/articles/iajef_v3_i10_267_278.pdf
• Yator, J., Gitagia, F. K. (2023). Effect of equity financing on the financial performance of manufacturing firms listed in Nairobi Securities Exchange. International Academic Journal of Economics and Finance, 3(9), 426-436. Available Online at: https://iajournals.org/articles/iajef_v3_i9_426_436.pdf
• Muhindi, A., K. & Gitagia, F., K. (2023) Bank Size and Financial Performance of Commercial Banks in Kenya. International Journal of Strategic Management. Vol. 12 (3) pp 1 – 25. Available online at: https://www.ijsse.org/images/ijsm_v12_i3_1_25.pdf
• Kinja, J. G., & Gitagia, F. K. (2023). Donor Funds, Group Contribution and Financial Performance of Table Banking Groups in Nakuru County – Kenya. International Journals of Academics & Research (IJARKE Business & Management Journal), 5(2), 60-67. https://www.ijarke.com/ibmj-volume-5
• Abdullahi, M., & Gitagia, F. K. (2022). Funding Options and Financial Sustainability of National Hospital Insurance Fund of Kenya. International Journals of Academics & Research (IJARKE Business & Management Journal), 5(2), 127-137. https://www.ijarke.com/ibmj-volume-5
• Nduru, M., & Gitagia, F. K. (2022). Financial Leverage and Performance of Insurance Firms Listed on the Nairobi Securities Exchange – Kenya. International Journals of  Academics & Research (IJARKE Business & Management Journal), 5(1), 60-67.   https://www.ijarke.com/ibmj-volume-5
• Gitagia, F.K, Wamugo, L.M, Omagwa, J. (2020). Dividend Decisions, Economic Growth and Firm’s Value of Firms Listed at Nairobi Securities Exchange, Kenya. Research Journal of Finance and Accounting. 11 (18) 2020 https://www.iiste.org/Journals/index.php/RJFA/article/viewFile/54181/55988
• Gitagia, F.K. (2016). Factors That Affect Mutual Fund Performance - A Study of the Registered Fund Managers in Kenya. International Journal of Finance and Economics. 5 (1) 2016. 69-80. http://www.ijsse.org/index.php?option=com_content&view=article&id=714&Itemid=63

Book Chapter

• Kimunio, I., & Gitagia, F. K (2022) Restoration of Ecosystems Services in Post-COVID-19 Kenya: A Cost–Benefit Analysis of Green Financing. In Management of Tourism Ecosystem Services in a Post Pandemic Context(pp. 252-267). Routledge. Assessed through: https://www.taylorfrancis.com/chapters/edit/10.4324/b23145-20/restoration-ecosystems-services-post-covid-19-kenya-isaac-kimunio-francis-gitagia

CONFERENCES

• 2024: International Business Research and Industrial Conference (IBRIC). Held on 27^th & 28^th June 2024, Virtually. Theme: Business intelligence and innovations for sustainable development. Paper Presenter on:  EBICHINJI, O.J, Gatauwa, J.W & Gitagia, F.K  (2024) Fund Characteristics and Financial Performance of Umbrella and individual Pension Schemes in Kenya
• Federation of African Medical Students Association (FAMSA) workshop. Held on August 17^th to 19^th 2023, virtually.  Theme: Financial Literacy. Key Note speaker on the Topic: Debt Management on young medical professionals
• 2023: International Business Research and Industrial Conference (IBRIC). Held on 22^nd and 23^rd June 2023, Virtually. Theme: Strategic Business Innovations and Policies for Sustainable Social and Economic Development.
• 2021: International Business Research and Industrial Conference (IBRIC). Held on 26^th to 27^th August 2021, Virtually. Theme: Theme: Building Business Resilience and Sustainability in the Context of Economic Recession and Pandemics.
• 2020: International Business Research and Industrial Conference (IBRIC). Held on 3^rd - 4^th December 2020, Virtually. Theme: Academia-Industry Partnership for Competitive Innovations and Global Sustainable Development. Paper Presenter on: Gitagia, F.K, Wamugo, L.M, & Omagwa J.O (2020) Capital Structure, Corporate Investment and Firm’s Value of Selected Firms Listed at Nairobi Securities Exchange, Kenya
• 2019: International Business Research and Industrial Conference (IBRIC). Held on 20^th -21^st June 2019, at Kenyatta University North Coast Beach Hotel, Mombasa, Kenya. Theme: Emerging Trends in Business Management for Global Sustainability Development. Paper Presenter on: Gitagia, F.K, Wamugo, L.M, & Omagwa J.O (2019) Capital Structure, Economic Growth and Firm Value of Selected Firms Listed at Nairobi Securities Exchange, Kenya.