Corporate Governance and Performance of Savings and Credit Cooperative Societies in Kisii County, Kenya

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dc.contributor.authorKenani, Ignatius Mageto
dc.contributor.authorBett, Shadrack
dc.date.accessioned2020-12-04T13:43:33Z
dc.date.available2020-12-04T13:43:33Z
dc.date.issued2018
dc.descriptionAn Article Published in International Academic Journal of Human Resource and Business Administrationen_US
dc.description.abstractSaving and Credit Cooperative Societies sector is becoming increasingly important in Kenya. This sector is a key player in the economy, controlling about 43 per cent of Kenya’s gross domestic product (GDP). The general objective of the study was to establish the influence of corporate governance on performance of SACCOs in Kenya. The specific objectives of the study was the influence of board composition, size of the board, board members qualification and gender balance of the board members on the performance of SACCOs in Kenya. The study was anchored on two theories which included agency theory and stakeholders’ theory. The study made use of a descriptive research design. The target population for the study were 30 respondents from the 3 SACCOs offices in Kisii. A census was taken since the population was small. The researcher used a semi-structured questionnaires administered to each member of the sample population. The researcher carried out a pilot study to pretest and validate the questionnaire. Quantitative data collected was analyzed by the use of descriptive and inferential statistics using SPSS. The analysed data was presented in graphs, frequencies, charts and tables for interpretation and to enable draw conclusions and recommendations thereof. The study established that Board composition (β=0.348, p=0.000; M=3.71) had a positive and significant effect on performance of selected SACCOs. Board size (β=0.520, p=0.017; M=3.60) had a positive and significant effect on performance of selected SACCOs. Board members’ educational qualifications (β=0.444, p=0.002; M=3.69) had positive and significant effect on performance of selected SACCOs. Gender balance (β=0.419, p=0.001; M=3.55) had positive and significant effect on performance of selected SACCOs. The study concludes that board composition had a positive and significance influence on performance of the selected SACCOs. The board size had a positive and significant influence on performance of the selected SACCOs. The board members educational qualification had positive and significant effect on performance of selected SACCOs. The gender balance had a positive and significant influence on performance of selected SACCOs. The study recommends that the shareholders and members of all selected SACCOs should critically evaluate their board composition by ensuring sufficient number of non-executive directors. The shareholders and members of all the selected SACCOs should establish sizeable boards so that cannot easily be manipulated by the management team. The members who are owners of the selected SACCOs need to hire directors with higher levels of intellectual abilities for better performance. All members and shareholders of the studied selected SACCOs need to significantly improve on gender diversity in the boards by ensuring that they are gender balanceden_US
dc.identifier.citationKenani, I. M. & Bett, S. (2018). Corporate governance and performance of savings and credit cooperative societies in Kisii County, Kenya. International Academic Journal of Human Resource and Business Administration, 3(4), 101-123en_US
dc.identifier.issn2518-2374
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/21064
dc.language.isoenen_US
dc.publisherInternational Academic Journalsen_US
dc.subjectCorporate Governanceen_US
dc.subjectPerformanceen_US
dc.subjectsavings and credit cooperative societiesen_US
dc.subjectKisii Countyen_US
dc.subjectKenyaen_US
dc.titleCorporate Governance and Performance of Savings and Credit Cooperative Societies in Kisii County, Kenyaen_US
dc.typeArticleen_US
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