Dr. Francis K. Gitagia

Lecturer, Department of Accounting & Finance

Qualifications	PhD. Finance; MBA (Finance); BBAM (Accounting), CPA (K)
Specialisation	Accounting and Finance
Research interests	Sustainable Corporate Finance

Profile

Corporate email: gitagia.francis@ku.ac.ke

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.