IDEAS home Printed from https://ideas.repec.org/a/bdu/oejbsm/v7y2022i2p39-60id1660.html

Corporate Governance And Organizational Performance Of Kenya Forest Service In Nairobi City County

Author

Listed:
  • Kibuthu Rahab Wanjiru

  • Dr. Linda Kimencu

Abstract

Purpose: The objective was to determine the effect of corporate governance and organizational performance of Kenya forest service in Nairobi City County Methodology: The survey adopted stratified sampling and employed questionnaires to collect data from a sample of 166 managerial level staff working at the Kenya Forest Service (KFS) Headquarters' Office at Karura in Nairobi City County. Descriptive and inferential statistical models were employed to analyze, describe, and infer deduction and conclusion from the research findings. Correlation matrix and regressions models were employed to analyze data collected, and describe the research findings in reference to the variables under examination. Findings: The study findings showed that board composition, board independence, board size and board audit committee have an advantageous and significant influence on the iperformance of an organization. Unique contribution to Theory, Practice and Policy: The study recommends that, qthe qKFS qmanagement should qensure more qboard members are qappointed externally to enhance board efficiency and organization iperformance. Additionally, KFS management should increase the number of board members with non-executive status to increase board independence within the organization. The survey findings established that, small boards are preferable to large boards in influencing organization iperformance positively. The study recommends that, sKFS management should design an effective system to identify its ideal board size to promote iperformance.

Suggested Citation

  • Kibuthu Rahab Wanjiru & Dr. Linda Kimencu, 2022. "Corporate Governance And Organizational Performance Of Kenya Forest Service In Nairobi City County," European Journal of Business and Strategic Management, International Peer Review Journals and Books, vol. 7(2), pages 39-60.
  • Handle: RePEc:bdu:oejbsm:v:7:y:2022:i:2:p:39-60:id:1660
    as

    Download full text from publisher

    File URL: https://iprjb.org/journals/EJBSM/article/view/1660
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hearn, Bruce, 2011. "The impact of corporate governance measures on the performance of West African IPO firms," Emerging Markets Review, Elsevier, vol. 12(2), pages 130-151, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Randøy, Trond & Strøm, R. Øystein & Mersland, Roy, 2015. "The Impact of Entrepreneur-CEOs in Microfinance Institutions: A Global Survey," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 39(4), pages 927-953.
    2. Meisam Omidian & Habibollah Nakhaei & Karim Nakhaei, 2016. "Accounting accruals, earnings management and future performance of IPOs," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 5(1), pages 25-37.
    3. Rekha Handa & Balwinder Singh, 2017. "Performance of Indian IPOs: An Empirical Analysis," Global Business Review, International Management Institute, vol. 18(3), pages 734-749, June.
    4. Wang, Shuangjin & Wang, Puxuan & Cebula, Richard J. & Foley, Maggie, 2023. "Board characteristics and IPO underpricing in China: The perspective of moderating effect of venture capitalists," Finance Research Letters, Elsevier, vol. 52(C).
    5. Ramit Anand & Balwinder Singh, 2019. "Effect of Composition of Board and Promoter Group Retained Ownership on Underpricing of Indian IPO firms: An Empirical Study," Indian Journal of Corporate Governance, , vol. 12(1), pages 21-38, June.
    6. Balagobei, S, 2022. "Corporate Governance and Financial Distress: Empirical Evidence from listed Consumer Services Firms in Sri Lanka ," GATR Journals afr211, Global Academy of Training and Research (GATR) Enterprise.
    7. Trond Randøy & R. Øystein Strøm & Roy Mersland, 2015. "The Impact of Entrepreneur–CEOs in Microfinance Institutions: A Global Survey," Entrepreneurship Theory and Practice, , vol. 39(4), pages 927-953, July.
    8. Munisi, Gibson & Randøy, Trond, 2013. "Corporate governance and company performance across Sub-Saharan African countries," Journal of Economics and Business, Elsevier, vol. 70(C), pages 92-110.
    9. Nischay Arora & Balwinder Singh, 2019. "Impact of Auditor and Underwriter Reputation on Underpricing of SME IPOs in India," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 44(2), pages 193-208, May.
    10. Ramit Anand & Balwinder Singh, 2019. "Do Firm- and Board-specific Characteristics Corroborate Underpricing? A Study on the Indian IPOs," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 44(1), pages 86-102, February.
    11. Simon Gao & Tony Chieh-Tse Hou, 2019. "An Empirical Examination of IPO Underpricing Between High-technology and Non-high-technology Firms in Taiwan," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 18(1), pages 23-51, April.
    12. Kearney, Colm, 2012. "Emerging markets research: Trends, issues and future directions," Emerging Markets Review, Elsevier, vol. 13(2), pages 159-183.
    13. Emanuele Teti & Ilaria Montefusco, 2022. "Corporate governance and IPO underpricing: evidence from the italian market," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(3), pages 851-889, September.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdu:oejbsm:v:7:y:2022:i:2:p:39-60:id:1660. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chief Editor (email available below). General contact details of provider: https://iprjb.org/journals/EJBSM/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.