| dc.contributor.author | Ogoye, Henry K | |
| dc.date.accessioned | 2013-05-11T08:29:28Z | |
| dc.date.available | 2013-05-11T08:29:28Z | |
| dc.date.issued | 2002-10 | |
| dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/21765 | |
| dc.description | Masters of Business Administration | en |
| dc.description.abstract | Agency theory regards management compensation as the main means of aligning the
interest of shareholders and management to ensure sustained value creation to
shareholders.
To explore this argument, this study examined the components of management
compensation and the associated proportions as well as the relationship between
management compensation, performance and sales using a sample of 41 public
companies for the period 1994 - 1998. Return on Assets and Return on Equity were used
to proxy performance.
Salary was found to be the main element of management compensation accounting for
70% of total management compensation. Allowances, pensions and loans accounted for
14%, 7% and 6% respectively.
The relationship between management compensation and performance was found to be
negative and statistically insignificant. The negative relationship indicated that
management compensation had not contributed to the reduction of agency costs for public
companies in Kenya. Sales were found to be positively and significantly related to
management compensation. | en |
| dc.language.iso | en | en |
| dc.title | Corporate performance and management compensation: An empirical investigation of public companies in Kenya. | en |
| dc.type | Thesis | en |
| local.publisher | School of Business, University of Nairobi | en |
