Board characteristics and performance of East Africa companies

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dc.contributor.authorMwamtambulo, Dorika Jeremiah
dc.date.accessioned2020-11-24T13:31:21Z
dc.date.available2020-11-24T13:31:21Z
dc.date.issued2020
dc.descriptionAbstract. Full text book chapter available at https://doi.org/10.1007/978-3-030-43078-8_11en_US
dc.description.abstractIn the management of agency problems, the board of directors is an essential tool for monitoring the activities of the managers. The board of directors has specific characteristics associated with its effectiveness and efficiency, which can be transformed into the general performance of the company. This study aimed at providing evidence regarding the characteristics possessed by the East Africa community companies’ board of directors and their influence on the companies performance. Simultaneous system of equations and annual data from 16 companies for a period between 2003 and 2017 was used in the study. The study observed that the market performance measures to be highly influenced by the changes in the characteristics of the board such as board size, the proportion of women, proportion of independent directors and proportion of foreign directors. On the other hand, the account performance measures were less influenced by the board characteristics, and only ROE was more associated with the changes on board characteristics. During this period, the market was more overwhelmed by new information regarding the board characteristics as compared to the performance of the account measures.en_US
dc.identifier.citationMwamtambulo, D. J. (2020). Board characteristics and performance of East Africa companies. in contemporary trends and challenges in finance (pp. 125-146). Springer, Cham.en_US
dc.identifier.otherDOI:10.1007/978-3-030-43078-8_11
dc.identifier.urihttp://hdl.handle.net/20.500.12661/2561
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.subjectManagementen_US
dc.subjectBoard characteristicsen_US
dc.subjectEast Africa companiesen_US
dc.subjectDirectorsen_US
dc.subjectAgency problemen_US
dc.subjectDirectors boarden_US
dc.titleBoard characteristics and performance of East Africa companiesen_US
dc.typeBook chapteren_US
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