Corporate Governance and Firms Performance in Selected Listed Companies on Uganda Securities Exchange, Uganda
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Date
2012-09
Authors
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Publisher
Kampala International University, College of Economics and Management.
Abstract
This study established the relationship between Corporate Governance and Firms performance of selected listed companies on the Uganda Securities Exchange, Uganda. Specifically, the study established the effects of; i) Profile of respondents in terms of gender, age, academic qualification and experience, ii) level of Corporate Governance; iii) level of Firm’s performance; iv) whether there is relationship between Corporate Governance and level of Firm’s performance among selected listed companies on Uganda Securities Exchange, Uganda. The study used a survey design; specifically descriptive correlation. Data was collected from 235 respondents using self administered questionnaire as the key data collection instruments. Data were analysed at univariate level using pearsons linear correlation coefficient at bi-variate level. The findings indicated that the level of Corporate Governance in selected companies was high while the level of Firms performance of selected companies was very high. There was significant relationship between corporate governance and firm’s performance in selected companies in Uganda. It was concluded that corporate governance has a significant effect on firm’s performance and hence the theory of the firm from which the research was based on was validated from the research findings. Recommendation from the study were Listed companies should ensure that organizations functions are carried out within budget cost and in time as it helps them work towards set goals and objectives. Listed companies should observe timeliness of activities and decision making process should be swift to avoid unnecessary layering of work activities this would go in a large way to increase efficiency in service delivery. Listed companies should ensure staffing patterns changing to increase employee’s productivity as they would be competitive in most sections of the business performances. Listed companies should employ experts who are to maintain the level of Firms performance always Very high. There is need for managers to maintain good Corporate Governance in order to maintain the level of Corporate Governance which was found to be high so as not to deteriorate in selected companies. The government of Uganda should reinforce measures for total adhesion to corporate governance in firm’s and maintain highest performance.
Description
A Thesis Presented to the College of Higher Degrees and Research Kampala International University Kampala, Uganda in Partial Fulfillment of the Requirements for the Degree Master of Business Administration (Human Resource Management)
Keywords
Corporate Governance, Firms Performance