Corporate Governance and Firm Performance of Manufacturing and Allied Firms Listed at the Nairobi Securities Exchange, Kenya
| dc.contributor.author | Murithi, Linet Kanana | |
| dc.date.accessioned | 2025-07-24T08:49:57Z | |
| dc.date.available | 2025-07-24T08:49:57Z | |
| dc.date.issued | 2025-03 | |
| dc.description | A Research Project Submitted to the School of Business, Economics and Tourism in Partial Fulfillment of the Requirement for the Award of Master of Business Administration (Strategic Management) of Kenyatta University, March 2025. Supervisor Janet Muthimi | |
| dc.description.abstract | As part of Vision 2030, Kenya's government has identified manufacturing firms as an entity of socioeconomic expansion and development. In this regard, the Kenyan government has implemented numerous reforms, including the inclusion of the manufacturing sector as one of the government's four major agendas for revitalizing the sector. Despite these reforms, statistics show that over the last ten years, manufacturing industries in Kenya listed on the Nairobi Securities Exchange have experienced stagnation and declining profits, slowing growth, and declining market share, necessitating the establishment and execution of effective corporate governance. This particular study investigated the effects of corporate governance on continued success among manufacturing and allied firms that have been enlisted at Nairobi Securities Exchange. The study specifically investigated the effects of size and composition of the boards as well as board member education and board diversity on success among manufacturing and allied firms. Agency theory, Resource-Based View and stakeholder’s theory anchor the study. A descriptive research design was employed, along with the stratified random sampling method for selecting participants. The study’s target population was 439 managers from the listed manufacturing and allied firms. Two hundred and nine (209) corporate managers from these manufacturing companies were sampled. Primary data was collected using a self-administered questionnaire, which was first pilot tested using twenty-one (21) respondents which is equivalent of 10% of the sample size. The results of an evaluation of the study instrument's validity and reliability indicated that it was reliable. Collected data was coded, cleaned, and analyzed. Data analysis involved generating and interpreting descriptive statistics (means, percent, standard deviation and visualized through tables, charts, and graphs. Results indicated that board composition (β = 0.246; P=0.002<0.05), board independence (β = 0.295; P=0.000<0.05), board size (β = 0.275; P=0.000<0.05) and board diversity (β = 0.271; P=0.001<0.05) significantly influenced performance of manufacturing and allied firms. It’s recommended that processing entities under Nairobi security exchange should have a reasonable board size, exclusively appoint competent individuals to serve on its board of directors and consider appointing women to the board as this boosts a firm's performance. | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/30783 | |
| dc.language.iso | en | |
| dc.publisher | Kenyatta University | |
| dc.title | Corporate Governance and Firm Performance of Manufacturing and Allied Firms Listed at the Nairobi Securities Exchange, Kenya | |
| dc.type | Thesis |