Board Characteristics and Shareholder's Value Creation of Insurance Companies Listed in the Nairobi Securities Exchange, Kenya

Simple item page
dc.contributor.authorOsiga, Kevin Omondi
dc.contributor.authorKimutai, Caroline
dc.date.accessioned2023-07-17T09:05:40Z
dc.date.available2023-07-17T09:05:40Z
dc.date.issued2023
dc.descriptionArticleen_US
dc.description.abstractThe corporate board ensures desirable shareholder value creation because of its immense role in strategic oversight, performance evaluations and governance. The board is at the center, as evidenced by the accelerated growth of private insurance companies worldwide. However, insurance companies in Kenya have experienced slow growth over the last decade. To get a clear understanding of the effects of the board on a corporation’s financial performance, it is vital to assess the association between the characteristics of the board characteristics and its creation of shareholder value. The study examined the impact of board characteristics on the shareholder’s value creation for Insurance companies listed on the Nairobi Securities Exchange (NSE). The study aimed to establish the effect of board characteristics (size, diversity, independence, and expertise) on shareholder value creation in listed insurance companies. The shareholder, resource dependency, stewardship, and agency theories underpin the study. The study used a descriptive research design to analyze five insurance corporations listed on Nairobi Securities Exchange (NSE) for ten years from December 2010 to 2020. The study utilized data published in audited annual reviews and reports for the five selected insurance corporations listed on the Nairobi Securities Exchange. A correlational analysis was employed to test the degree and strength of the relationship between the variables understudy, and a regression model was developed. The study established that board expertise had the most significant impact on shareholder value creation, followed by board size, board diversity and board independence. The study recommended the prioritization of the board expertise to boost shareholder value creation, the optimization of board sizes depending on company needs and the inclusion of more women on boards.en_US
dc.identifier.citationOsiga, K. O., & Kimutai, C. Board Characteristics and Shareholder's Value Creation of Insurance Companies Listed in the Nairobi Securities Exchange, Kenya.en_US
dc.identifier.urihttps://doi.org/10.51505/IJEBMR.2023.7615
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26254
dc.language.isoenen_US
dc.publisherIJEBMRen_US
dc.subjectBoarden_US
dc.subjectBoard Characteristicsen_US
dc.subjectShareholder Value Creationen_US
dc.subjectReturn on Investment (ROI)en_US
dc.subjectNairobi Securities Exchange (NSE)en_US
dc.titleBoard Characteristics and Shareholder's Value Creation of Insurance Companies Listed in the Nairobi Securities Exchange, Kenyaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Board Characteristics and Shareholder's Value Creation of Insurance.pdf
Size:
794.56 KB
Format:
Adobe Portable Document Format
Description:
Full text Article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
RP-Accounting and Finance Department