Browsing by Author "Mweta, Titus Mutambu"

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    Corporate governance mechanisms, regulatory framework and financial performance of publicly cross-listed companies at East African Community Region Titus Mutambu Mweta
    (Kenyatta University, 2024-10) Mweta, Titus Mutambu
    The mixed trend in financial performance has been a significant obstacle for publicly traded corporations, garnering the interest of academicians and financial analysts. The decrease has made a significant contribution to substantial financial losses and abrupt corporate collapses. Action taken to respond to corporate governance issues in the East African Community region includes implementing privatization policies and enhancing the role of capital markets regulators in safeguarding shareholders' investments. The main obstacle encountered by corporate board members and shareholders is to determine appropriate governance frameworks and the effect of different governance arrangements on financial performance. This research investigated the effect of corporate governance mechanisms on the financial performance of companies cross-listed in the East African Community region. The specific objectives were to establish the effect of independent directors, executive director's remuneration, executive director's shareholding, independent auditors, corporate block ownership and product market dominance on the financial performance among the companies cross-listed in the East African Community region. The study analyzed the influence of the regulatory compliance index on the corporate governance mechanisms and financial performance correlation. This was informed by the ideas of agency, stewardship, stakeholders, institutional and resource dependence theory. This study is grounded in the positivistic research philosophy. The study utilized an Explanatory non-experimental research design. A total of 9 companies out of 11 cross-listed were picked to form the sample size through purposive sampling. This study employed secondary panel data extracted from the integrated reports, audited financial statements, shareholder profiles and investor relations reports from 2013 to 2022. Diagnostic tests were performed to validate adherence to the principles of the classical linear regression model; autocorrelation was detected (p-value =0.000)<0.05), correlation coefficient for all variables was less than 0.85 and 0.1