Business, Management and Accounting
3 years ago

Gender diversity boosts financial performance of state-owned enterprises in Kenya.

Corporate Governance
Corporate governance and financial performance of state-owned enterprises in Kenya
Albert Ochien’g Abang’a, Venancio Tauringana, David Wangombe, Laura Obwona Achiro

Paper Summary

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The study looked at how corporate governance affects the financial performance of state-owned companies in Kenya. They analyzed data from 45 companies over four years and found that having more board meetings, skilled and diverse board members positively impacted financial performance. However, other governance factors like board size and committees didn't show a significant effect. The study suggests that increasing women and directors with doctoral qualifications on boards could improve financial performance of state-owned companies in Kenya.