Accounting and Finance

Permanent URI for this communityhttp://192.168.30.20:4000/handle/123456789/259

Welcome to the Accounting and Finance Community at the School of Business, Mzumbe University (SoB MUIR)! Our Institutional Repository is a central hub for academic excellence, featuring a wide range of research, theses,dissertations, and contributions from our faculty and students. We focus on the latest in financial management, accounting, and economic trends, encouraging researchers, students, and professionals to explore our work. Our community is dedicated to advancing knowledge, fostering innovation, and highlighting our achievements in accounting and finance. Join us as we contribute to the evolving field of financial education and research.

Browse

Filters

20201

Settings

Author: search.filters.author.Komba, GabrielSubject: search.filters.subject.Corporate Governance

Search Results

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    The effects of board structure on corporate performance: Evidence from East African Frontier Markets
    (Research in International Business and Finance, 2020) Guney, Yilmaz; Karpuz, Ahmet; Komba, Gabriel
    The effectiveness of the well-known corporate governance practices may not be universal due to fundamental differences in the environments under which firms operate. By using hand-collected data from all the non-financial firms listed on the unexplored East African frontier markets (i.e., Kenya, Tanzania and Uganda), we examine the effect of board characteristics on the performance of firms. Our results show that board size has a negative and significant effect on firm performance. The presences of foreigners and civil servants on the board play positive roles on financial performance, where the agency and resource dependence theories apply. Further, we find that board members with higher education also contribute to firm performance. These findings still hold when we consider the 2008–2009 financial crisis period. Overall, we show that in a business climate where ownership is largely dominated by few shareholders, the conventional governance mechanisms do not work effectively.