Corporate governance, financial performance and firm Value: a case of commercial banks in Kenya

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dc.contributor.authorOchego, Evans Machero
dc.contributor.authorOmagwa, Job
dc.contributor.authorMuathe, Stephen M. A.
dc.date.accessioned2020-06-11T08:08:33Z
dc.date.available2020-06-11T08:08:33Z
dc.date.issued2019
dc.descriptionResearch articleen_US
dc.description.abstractFirm value is dependent on corporate which leads to increased value. High valued firms attract more investors. Towards firm value protection, minimum capital requirements were raised by the Central Bank of Kenya from 250 million to 1 billion shillings on commercial banks to cushion bank shareholders value. Despite the increased oversight and regulatory efforts on corporate governance to protect and enhance firm value, some commercial banks have recorded low firm value. Hence, this study sought to investigate the mediating effect of financial performance on the relationship between corporate governance and firm value of commercial banks in Kenya. The study was anchored on Agency Theory. Explanatory research design was adopted. Target population was forty four Kenyan commercial banks, where a census was conducted. Secondary data was collected from published financial statements and bank websites for the period 2009 to 2018. STATA version 13.0 was used for data analysis. Descriptive and inferential statistics specifically panel regression was used in data analysis. The study findings established that there is a statistically significant effect between financial performance and firm value of commercial banks in Kenya. Therefore, the study concluded that firms with good financial performance have high firm value. And as such, these calls for the management of the commercial banks improve financial performance which will go a long way in improving firm value. There is also need for Central bank of Kenya, Capital Markets Authority and Nairobi Securities Exchange to emphasize on corporate governance and short term goals to enable achievement of long term goalsen_US
dc.identifier.citationInternational Journal of Finance & Banking Studies, Vol 8 No 4, 2019en_US
dc.identifier.issn2147-4486
dc.identifier.urihttp://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/608/500
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/20214
dc.language.isoenen_US
dc.publisherSSBFNETen_US
dc.subjectCorporate Governanceen_US
dc.subjectFinancial performanceen_US
dc.subjectFirm Valueen_US
dc.subjectCommercial Banksen_US
dc.titleCorporate governance, financial performance and firm Value: a case of commercial banks in Kenyaen_US
dc.typeArticleen_US
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