The Effects of Ownership Structure, Board Effectiveness...

THE EFFECTS OF OWNERSHIP STRUCTURE, BOARD EFFECTIVENESS AND MANAGERIAL DISCRETION ON PERFORMANCE OF LISTED COMPANIES IN KENYA ONGORE, VINCENT OKOTH Thesis submitted in fulfillment of the requirements for the award of the degree of Doctor of Philosophy (Ph D) in Business Administration, School of Business, University of Nairobi, Kenya. 2008. DECLARATION I declare that this thesis is my original work and, to the best of my knowledge, has not been submitted to any university for a degree. ONGORE VINCENT OKOTH Date REG. NUMBER: D80/8987/2001 This thesis has been submitted with our authority as the candidate’s appointed university supervisors. PROF. PETER O. K’OBONYO, Ph D Date Department of Business†¦show more content†¦I wish to sincerely thank all my lecturers at the University of Nairobi’s School of Business for guiding me through this rigorous but enriching process. Professor Nzele Nzomo is deserving of a good mention as the one who single-handedly insisted on respecting the â€Å"principles of sourcing.† I am sincerely grateful to Professor Nzomo for improving the format of this thesis. Prof. Meroka Mbeche, Prof. Francis Kibera Prof. Ganesh Prasad Pokhariyal and Dr. Gituro Wainaina provided the very crucial analytical skills that went into this thesis. Without these wonderful professors, the whole research would have come down crumbling for lack of analytical tools. I also thank Dr. X. N. Iraki for sharing with me his special statistical and analytical skills and insights that have proved exceedingly useful in the course of data analysis. Professor Germano Mwabu, Prof. Winnie Mitula, Dr. Philip Nying’uro, Dr. Otieno Agwanda, Dr. Mwenda Mbatia, Dr. Oriare Nyarwath, Dr. Seth Gor, David Onuong’a, Luther Otieno-Odhiambo and Ambrose Ochieng’ Oloo kept me on my toes to complete the PhD programme. Special gratitude goes to Dan K’Oliech, a graduate student in Education at Kenyatta University, and Mike Odindo of ICT Department at Kenya Revenue Authority (KRA) for their special assistance with formatting and organization of the data. The CEOs and managers who participated in this study as respondents deserve special thanks for their invaluable role inShow MoreRelatedThe Relationship Between Ownership Structure and Firm Performance: an Empirical Analysis of Listed Companies in Kenya5536 Words   |  23 PagesTHE EFFECTS OF OWNERSHIP STRUCTURE AND BOARD EFFECTIVENESS ON FIRM PERFORMANCE: NEW EVIDENCE FROM KENYA Vincent O. Ongore, PhD Assistant Commissioner Kenya Revenue Authority P.O. Box 48240-00100, GPO Phone: + 254 (20) 310900 Mobile: +254 723854796 Nairobi. Email: Vincent.ongore@kra.go.ke Abstract Research on corporate governance is very thin on the role of owners on corporate performance, especially how risk-taking orientation of owners comes to bear on decision making processes ofRead MoreThe Relationship Between Executive Compensation and Firm Performance in Kenyan Banking Industry12802 Words   |  52 Pages THE RELATIONSHIP BETWEEN EXECUTIVE COMPENSATION AND FIRM PERFORMANCE IN KENYAN BANKING INDUSTRY Dr. Josiah Aduda, jaduda@uonbi.ac.ke, Lecturer and chairman, department of Finance and Accounting, School of Business, University of Nairobi, Kenya and Leonard Musyoka, University of Nairobi Abstract Economic theory of executive pay has focused on the design of optimal compensation schemes to align the interests of hired managers and shareholders. Agency theory has identifiedRead MoreKraft Annual Report99993 Words   |  400 Pagesaccelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one): Accelerated filer  ¨ Non-accelerated filer  ¨ Smaller reporting company  ¨ Large accelerated filer x (Do not check if a smaller reporting company) Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes  ¨ No x The aggregate marketRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesHughes−Ginnett−Curphy The Art of M A: Merger/Acquisitions/Buyout Guide, Third Edition Reed−Lajoux and others . . . This book was printed on recycled paper. Management http://www.mhhe.com/primis/online/ Copyright  ©2005 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a databaseRead MoreNokias Human Resources System144007 Words   |  577 PagesStahlberg, Vice President, Assistant General Counsel Telephone: +358 (0)7 1800 ­8000, Facsimile: +358 (0) 7 1803 ­8503 Keilalahdentie 4, P.O. Box 226, FI ­00045 NOKIA GROUP, Espoo, Finland (Name, Telephone, E ­mail and/or Facsimile number and Address of Company Contact Person) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 (the â€Å"Exchange Act†): Title of each class Name of each exchange on which registered American Depositary Shares Shares (1) New York StockRead MoreHbr When Your Core Business Is Dying74686 Words   |  299 PagesA l rights reserved APRIL 2007 Features 58 What Your Leader Expects of You Larry Bossidy A longtime CEO reveals the behaviors that leaders should look for in their subordinates – behaviors that drive individual as well as corporate performance and growth – and what those subordinates should expect in return. 58 66 Finding Your Next Core Business Chris Zook It may be hidden right under your nose. Here’s how to evaluate your current core and where to look for a new one. 78 Read MoreSocioeconomic Status in Brazil42043 Words   |  169 PagesBritish Airways Plc Annual Report and Accounts Year ended 31 December 2012 Company registration number: 1777777 This page has been intentionally left blank Contents Officers and professional advisers 1 Business review and Directors’ report Business review Management review Financial review Internal controls and risk management Directors’ report 2 5 8 12 Directors’ responsibilities statement in relation to the financial statements 14 Independent auditors’ report 15 Read MoreDeveloping Management Skills404131 Words   |  1617 Pages79 SKILL ANALYSIS 84 Cases Involving Self-Awareness 84 Communist Prison Camp 84 Computerized Exam 85 Decision Dilemmas 86 SKILL PRACTICE 89 Exercises for Improving Self-Awareness Through Self-Disclosure 89 Through the Looking Glass 89 Diagnosing Managerial Characteristics 90 An Exercise for Identifying Aspects of Personal Culture: A Learning Plan and Autobiography 92 SKILL APPLICATION 95 Activities for Developing Self-Awareness 95 Suggested Assignments 95 Application Plan and Evaluation 95 SCORINGRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesCONTENTS: CASE STUDIES CASE STUDY 1 Midsouth Chamber of Commerce (A): The Role of the Operating Manager in Information Systems CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The Children’s Health Fund of New York City CASE STUDY I-5 Read MoreProject Mgmt296381 Words   |  1186 Pages(.2) 1.4.1 Managing the portfolio 1.4.3 Strategy and projects 2.3 Stakeholders and review boards 12.1 RFP’s and vendor selection (.3.4.5) 11.2.2.6 SWAT analysis 6.5.2.7 Schedule compression 9.4.2.5 Leadership skills G.1 Project leadership 10.1 Stakeholder management Chapter 11 Teams Chapter 3 Organization: Structure and Culture 2.4.1 Organization cultures [G.7] 2.4.2 Organization structure [9.1.3] 9.1.1 Organization charts 1.4.4 Project offices Chapter 4 9.2 Building the team