Theses and Dissertations
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Item Board characteristics and modified audit opinion ofcompanies listed at the nairobi security exchange(KCA University, 2025) Wekesa, Valentine N.Board characteristics are essential in determining the modified audit opinion of listed companies at the Nairobi Securities Exchange. However, there has been a deterioration of quality in financial reporting, with up to 64.7% of companies receiving qualified report, while just 32% have been able to receive clean reports. This research aimed to identify the effect of board characteristics on the modified audit opinion of the companies listed at Nairobi Security Exchange. The specific objectives were: to establish the effect of board size on modified audit opinion, to analyse the effect of frequency of board meetings on modified audit opinion, to determine how board independence affects modified audit opinion and to establish the effect of board professional qualification on modified audit opinion of companies listed at the Nairobi Securities Exchange. The study was premised on agency, stakeholders, institutional, and stewardship theories. The researcher used a descriptive research design with a population of 46 listed companies, where all were included in the study. The study used panel data obtained from annual financial reports between 2015 and 2024 from all the listed Companies at the Nairobi Securities Exchange. Panel data analysis was done using the R software. The findings showed that board professional qualification had an insignificant negative effect on the modified audit opinion. Board independence demonstrated a negative significant effect on modified audit opinion. The results showed that board size had a positive significant effect on modified audit opinion. It was discovered that board frequency of meetings negatively affects modified audit opinion. The conclusion made was board professional qualification, independent board and frequency of board meetings are critical in reducing modified audit opinion of companies at the Nairobi Securities exchange. It was recommended that companies should adopt an optimum board size for efficiency in decision making. Future study may narrow down to a particular sector and incorporate moderating variables.Item Corporate Board Structure And Financial Performance Of Companies Listed At Nairobi Security Exchange(KCA University, 2014) Muganda, Renson L.Latest universal dealings vis-à-vis eminent and conspicuous business letdowns, case in point the placement of Uchumi under receivership in 2006 and eventual delisting from the NSE stagnated the strategy program and exaggerated deliberation on the ability of corporate authority contrivances as a scheme of swelling syndicate monetary output. Against this background, the study set out to investigate the likely affiliation between corporate board structure and monetary realization of businesses enumerated at Nairobi Security Exchange. More specifically, the study sought to examine the effect of board independence; board size; CEO Duality and Board Tenure on financial performance of companies listed at Nairobi Security Exchange. This study took a causal research design approach with a census of all the 63 companies listed at the Nairobi Securities Exchange. The study used secondary data sources available at the companies’ financial statements from the Nairobi Stock Exchange/Capital Market Authority for 5 years from 2008 to 2012. Two techniques of facts scrutiny were thus employed to empower the scholar accomplish a broad enquiry, namely descriptive and inferential statistics. Whereas descriptive statistics described the relevant aspects of corporate governance, inferential statistics articulate the statistical association thereof. Inferential statistics revealed a strong and positive relationship between board independence and financial performance of NSE listed companies. Both correlation and regression analyses revealed a negative relationship between board size and financial performance thereof, hence the larger the board size, the lower the financial performance. The relationship is however not statistically significant. On the effects of CEO duality on the monetarist performance of itemized companies, a positive relationship was established from inferential statistics on between CEO duality on the financial performance. Like board size however, the relationship is not statistically significant. Board tenure further strongly and significantly impacts on financial performance of NSE listed companies.Item Effect Of Corporate Governance On Audit Quality Of Commercial Banks Listed At Nairobi Securities Exchange(KCA University, 2024) Kabole, Prince O.This study aimed to explore the effect of corporate governance on audit quality within the context of commercial banks listed at the Nairobi Securities Exchange. More specifically, the study sought to determine the effect of board independence on audit quality of commercial banks listed at NSE; ascertain the effect of board diversity on audit quality of commercial banks listed at NSE; and establish the effect of board compensation reviews on audit quality of commercial banks listed at NSE. Grounded on the Stewardship, Agency and Stakeholder theories, the study adopted quantitative approaches. The target population for this study was the 12 commercial banks firms listed at the NSE, on which a census was conducted. The data collection approach for this study was the use of systematic review of reports and company documents from the sample of commercial banks listed in the NSE between the tracking period 2018 to 2022 was done. Both descriptive and logistic regression analyses were conducted. Results indicate that board independence (B = 3.214, df = 1, p < .001); board diversity (B = -2.347, df = 1, p < .001); and board compensation reviews (B = 1.892, df = 1, p < .001) have a significant effect on audit quality. This finding suggests that, within the context of NSE-listed commercial banks, board independence, board diversity and board compensation directly influence audit quality outcomes. It is recommended that policymakers and regulators should focus on enhancing regulatory oversight mechanisms to ensure robust governance practices within commercial banks. This includes developing clear guidelines and standards for Board Compensation, independence, diversity, and compensation practices. Regular assessments and audits should be conducted to ensure compliance with these standards and to identify areas for improvement.