Effect of Corporate Governance Practices on Financial Performance among Parastatals in Kenya: Case of Kenya Pipeline Company (KPC), Eldoret
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Date
2020
Authors
Kipruto, J
Minja, D.
Journal Title
Journal ISSN
Volume Title
Publisher
International Academic Journals
Abstract
Poor financial management and lack of
good governance structures make it
difficult for the parastatals to constantly
underperform thus lagging the private
sectors. Due to this, the services of these
parastatals have been substandard and
unreliable leading to lack of confidence by
the public in them. The study aimed at
evaluating the impact of practices in
corporate governance on financial
performance of parastatals in Kenya with
specific regard to the Kenya Pipeline
Company, KPC, Eldoret. Specifically, the
study set to evaluate the impact of board
independence and board members
knowledge on financial performance of the
board of Kenya Pipeline Company. The
study employed descriptive survey design
and targeted a participant population of 178
employees who comprised of employees
from all levels of management within the
company. Using the statistical formula
described by Yamane (1967), a sample size
of 123 respondents was reached and
selected from the population. The study
applied a simple random probability
sampling. Both primary and secondary data
collection methodologies were used for
data collection. Research instruments was
validated by the university supervisors
piloting 2 state corporate states are used to
test the reliability of the questionnaires. A
correction coefficient of <0.7 was within
acceptable limit. In data analysis, a
descriptive statistic was used.
Description
A research article published in International Academic Journal of Economics and Finance
Keywords
corporate governance practices, Kenya Pipeline Company (KPC)
Citation
Kipruto, J., Minja, D. (2020). Effect of corporate governance practices on financial performance among parastatals in Kenya: Case of Kenya Pipeline Company (KPC), Eldoret. International Academic Journal of Economics and Finance, 3(6), 223-232