Corporate governance practices and financial performance of the United Nations hybrid operation in Darfur, Sudan
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Date
2016-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University. College of Economics and Management
Abstract
The purpose of the study was to establish the influence of corporate governance
practices on the financial performance of United Nations Hybrid Operation in Darfur,
Sudan. The study was guided by three objectives which included; to identify the
effect of accountability on financial performance of United Nations Hybrid Operation
in Darfur, Sudan; to identify the effect of policies and procedures on financial
performance of United Nations Hybrid Operation in Darfur, Sudan and to establish
the relationship between corporate governance practices and Performance of United
Nations Hybrid Operation in Darfur, Sudan. The study employed cross sectional
survey design, with both quantitative and qualitative approaches. A sample size of
200 respondents was used in the study. Simple random sampling and purposive
sampling methods were employed. Findings indicated that; had a significant
influence on financial performance as the significance of the coefficient was
computed at (0.000< 0.05), R Square coefficient was 0.445, which is less than 50%.
The second objective found that policies and procedures had a very strong effect on
financial performance. The R Squared of 0.861 was obtained while the sig value
was (0.000< 0.05). The last objective found that Corporate governance practices as
an independent has positive significant relationship with financial performance and
gave a PLCC of 0.650** and significance level of (0.000< 0.001). It was therefore,
concluded that; Accountability has significant effect on financial performance of UN
hybrid operations in Darfur, Sudan. If accountability is practiced, transparence is
exhibited which leads to better financial performance. Policies and procedures have
very strong effect on financial performance. There is significant positive relationship
between corporate governance practices and financial performance. From the
conclusions, the following is recommended; managers should ensure that there is
accountability for resources; regularly report to the stakeholders about the affairs of
the organization; and employees should adhere to policies and procedures of the
organization.
Description
A thesis submitted to the college of economics and management in partial fulfillment of the requirements for the award of the degree of master’s in business administration (finance and accounting) of Kampala International University
Keywords
Corporate governance practices, Financial performance