Accounting and Finance

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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.

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Subject: search.filters.subject.Corporate Governance

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    Impact of corporate governance toward organization performance : A case of Tanzania Portland Cement Company Limited
    (Mzumbe University, 2013) Mavika, Alex F.
    The study investigated the impact of corporate governance toward organization performance with the case study of Tanzania Portland Cement Company Limited. To achieve this, specific objectives were formulated including (i) to assess the effect of board of directors’ independence on effectiveness of corporate governance practices, (ii) to assess the effect of board of directors’ composition on effectiveness of corporate governance practices and (iii) to assess the effect of board of directors’ leadership structure on effectiveness of corporate governance practices. The study was carried out at the Tanzania Portland Cement Company limited. A sample of 120 respondents was selected and data collected through questionnaires, interview and FGDs. Data were analysed both qualitatively and quantitatively. The study found out that the non-executive directors influence to some extent executive directors duties; annual audited reports including half-yearly reports; shareholders to exercise their right to vote on directors’ proposals; and the existence of non-executive directors influences all decisions made by voting at TPCC Other findings include more non-executive directors on the board relative to executive directors and Board size influences organization performance in public listed companies in Tanzania. However, these findings are not assertive since they scored below the ≥90% decision criterion. Lastly, the study found that the separation of the two highest level positions in a company: those of the chairman of the board of directors and of the CEO have impact on corporate governance toward organization performance. The study recommends that within the public sector, government bodies should develop significant body of material which addresses corporate governance issues. It is therefore recommended to other scholars/researchers to conduct studies on the following variables which this research was not able to cover due to limiting factors; Technology, Quality of Staff and Company Policy.
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    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.