Corporate governance and the financial performance of locally listed companies on the Namibia stock exchange.
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Date
2013
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Abstract
This study examined the relationship between Corporate Governance and Financial
Performance of locally listed companies. The study was prompted by Institutional
turbulences as a result of ad hoc policy and decision making processes and poor
financial performance of locally listed companies.
The study aimed at establishing the relationship between corporate governance, Board roles, contingency, board effectiveness and financial Performance of locally listed companies. A cross sectional and correlation study was conducted in the six locally listed companies. Statistical Package for Social Scientists (SPSS) was used and Spearman Correlation Coefficient and Multiple Regression Analysis to determine the magnitude of the relationship and prediction of financial performance respectively were applied.
The findings revealed that corporate governance variables namely; board size, had a negative effect on financial performance while policy and decision making had a
significant positive relationship with financial performance. Corporate Governance
had a significant positive relationship with board roles, board roles had a significant
positive relationship with board effectiveness, and contingency had a significant positive relationship with board roles and effectiveness.
Description
Thesis presented in partial fulfillment of the requirements for the degree of Master in Leadership and Change Management in the Harold Pupkewitz Graduate School of Business at the NUST
Keywords
Corporate governance - Namibia, Company financial performance - Namibia, Namibia Stock Exchange, NSE, Financial performance - Companies - Namibia, Master's theses - Namibia, NUST - Master's theses, 2013