The Effect of Board of Trustees Diversity on the Financial Performance of Segregated Pension Funds in Kenya
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Date
2016Author
Odhiambo, Brenda A
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Empirical research has been carried out on the relationship between board diversity
and firm’s performance but the researchers findings have revealed mixed results,
either positive, negative or no relationship at all (Randoy et al 2006). The objective of
the study was to establish the effect of board of trustee’s diversity on financial
performance of segregated pension funds in Kenya. This study employed a
quantitative approach. The target population was all the 38 registered schemes
administered by Liaison Financial Services. The study applied secondary data which
was extracted from the specific pension funds annual reports and accounts for the five
year period from 2010 to 2014. Numerical data collected was coded and entered and
analyzed using a computer Statistical Package for Social Scientists (SPSS)
programme. Frequency tables with varying percentages will be used to present the
finding. The study showed a positive relationship between financial performance and
education level and professional experience of the board executives. Whereas, the
gender and average age of the board members had a negative correlation to financial
performance of the segregated pension funds in Kenya. The study similarly established
that there is a linear relationship between Returns on Assets and Cash Deposits,
Government Securities, Corporate bonds, and Other Investments had a similar
relationship but the strength of the correlation was found to be weak.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
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