Theses and Dissertations
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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 The Effect Of Board Characteristics On Firm Value Of Listed Banks In Kenya(KCA University, 2022) Heraniah, Nicholas O.Primarily, the role of governing boards is to oversight and also support management in its pursuit of increasing the economic value of the corporation. To achieve these, governing boards require an appropriate structure and this according to research, involves several dimensions. The most highlighted dimensions are diversity and complementarity, while others relate to the number of “inside” vis-à-vis “outside” directors, experience, director’s knowledgeability, and board size. Thus, this study sought to examine the effect of board characteristics on firm value of listed banks at the NSE. Specifically, this research sought to determine if board meetings, board size and board gender diversity have an effect on firm value. The study was based on agency theory, resource-based view theory and resource dependency theory. The study employed correlational research design to attain its objective. The target population for the study was 10 banks listed at the Nairobi Securities Exchange during FY’s 2008 to 2021, 14-year data being collected from secondary sources and analyzed using STATA version 12. The study established that, board gender had a positive but insignificant relationship with firm value as proxied by Tobin’s Q, while board size had a positive and significant relationship with firm value, whereas board meetings had a negative and insignificant relationship with firm value.