School of Business & Public Management

Permanent URI for this collectionhttps://repository.kcau.ac.ke/handle/123456789/43

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    Corporate Governance and Organizational Performance: Evidence from Emerging Economies in Africa
    (African Journal of Management Research, 2026-07-20) Fredrick Kariithi Githui; Fredrick Kariithi Githui
    The study investigates the corporate governance practices-organizational performance nexus in frontier African economies within a multi-country context to fill literature gaps in African contexts. Quantitative panel data analysis is used on secondary data of 120 Kenyan, Nigerian, Ghanaian, and South African listed firms from the period 2013 to 2023. Fixed-effects regression is used in modeling the governance mechanism-firm performance nexus. Findings show that board independence and audit effectiveness are positively linked with return on assets (ROA) and return on equity (ROE). CEO duality and concentrated ownership negatively influence financial performance and firm reputation. These relationships vary across countries depending on institutional framework quality. Innovation is captured by an index of R&D intensity, product development, and patent applications, addressing measurement limitations in prior studies. The shortcoming is country heterogeneity in data quality and further longitudinal analysis to be done. This article bridges a regional knowledge shortfall by giving comparative African data-based observations, and integrating agency and stakeholder theories with a cohesive analytical framework.
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    Financial development and economic development in Africa: a systematic review on the mediating role of fintech
    (MDPI, 2026) Githira, Charles.; Simiyu, Christine.; Simiyu, Denis.
    This systematic review examines the mediating role of financial technology (FinTech) in the relationship between financial development and economic development across African economies. It draws on 34 empirical studies published between 2019 and 2026, identified through a structured search of six electronic databases, namely Scopus, ScienceDirect, JSTOR, DOAJ, SciELO, and ERIC. The search was supplemented by manual reference screening. The review synthesises evidence on how digital financial innovations, including mobile money, digital banking, and electronic payment systems, expand financial inclusion and influence economic outcomes. Grounded in Financial Intermediation Theory, Financial Development Theory, Financial Inclusion Theory, and the Technology Acceptance Model, the review provides a coherent framework for understanding FinTech as a structural mediator rather than an independent growth driver. Studies were assessed using the Mixed Methods Appraisal Tool (MMAT, 2018). The findings indicate that FinTech significantly amplifies the positive effects of financial development on economic growth, poverty reduction, and financial inclusion, though these effects are often nonlinear and context-dependent. Institutional quality, regulatory frameworks, and technological infrastructure emerge as critical moderating conditions. This review contributes to the literature by providing the first systematic synthesis that explicitly classifies included studies by their capacity to formally test mediation versus those that imply indirect mechanisms, offering a more precise account of the FinTech–financial development–economic development nexus in Africa. The findings yield targeted policy recommendations for central banks, financial regulators, commercial banks, telecommunications providers, and government policymakers.