The Effects of Ownership Structure, Board Effectiveness and Managerial Discretion on Performance of Listed Companies in Kenya

27922 WordsOct 11, 2010112 Pages
THE EFFECTS OF OWNERSHIP STRUCTURE, BOARD EFFECTIVENESS AND MANAGERIAL DISCRETION ON PERFORMANCE OF LISTED COMPANIES IN KENYA ONGORE, VINCENT OKOTH Thesis submitted in fulfillment of the requirements for the award of the degree of Doctor of Philosophy (Ph D) in Business Administration, School of Business, University of Nairobi, Kenya. 2008. DECLARATION I declare that this thesis is my original work and, to the best of my knowledge, has not been submitted to any university for a degree. ONGORE VINCENT OKOTH Date REG. NUMBER: D80/8987/2001 This thesis has been submitted with our authority as the candidate’s appointed university supervisors. PROF. PETER O. K’OBONYO, Ph D Date Department of Business…show more content…
I wish to sincerely thank all my lecturers at the University of Nairobi’s School of Business for guiding me through this rigorous but enriching process. Professor Nzele Nzomo is deserving of a good mention as the one who single-handedly insisted on respecting the “principles of sourcing.” I am sincerely grateful to Professor Nzomo for improving the format of this thesis. Prof. Meroka Mbeche, Prof. Francis Kibera Prof. Ganesh Prasad Pokhariyal and Dr. Gituro Wainaina provided the very crucial analytical skills that went into this thesis. Without these wonderful professors, the whole research would have come down crumbling for lack of analytical tools. I also thank Dr. X. N. Iraki for sharing with me his special statistical and analytical skills and insights that have proved exceedingly useful in the course of data analysis. Professor Germano Mwabu, Prof. Winnie Mitula, Dr. Philip Nying’uro, Dr. Otieno Agwanda, Dr. Mwenda Mbatia, Dr. Oriare Nyarwath, Dr. Seth Gor, David Onuong’a, Luther Otieno-Odhiambo and Ambrose Ochieng’ Oloo kept me on my toes to complete the PhD programme. Special gratitude goes to Dan K’Oliech, a graduate student in Education at Kenyatta University, and Mike Odindo of ICT Department at Kenya Revenue Authority (KRA) for their special assistance with formatting and organization of the data. The CEOs and managers who participated in this study as respondents deserve special thanks for their invaluable role in

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