Effects of corporate governance practices on financial performance of public secondary schools in Siaya , county Kenya.
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Date
2019Author
Odero, Jacqueline A
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Basic Education Act 2013 regulates the establishment of Board of Management in Public
Secondary Schools. Every BOM considered frequency of holding meetings, gender
diversity and audit committee makes it effective. The objective of the study was to
determine the effect of corporate governance practices on financial performance of Public
Secondary Schools in Siaya county, Kenya. Data was collected from the 148 Public
Secondary Schools which were operational in Kenya for ratio three years: 2015, 2016 and
2017. Liquidity was used in this study to measure financial performance. Date was
collected in relation to various elements of corporate governance practices specifically
gender diversity, board meetings and audit committee. Data was analyzed using
descriptive statistics. Correlation analysis shows positive significant on school board
meetings and audit committee with current ratio. On the contrary gender diversity with
current ratio indicated insignificant weak positive correlation. Overally, the two variables
included in the final regression model were board meetings and audit committee. This
study recommends that: the process of nomination of BOMs should commends three
months earlier before expiry period; audit committee composition should consist of
members with basic technical knowledge; BOMs meetings should be held quarterly
within a calendar year of public institutions.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- School of Business [1421]
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