Effect of Corporate Governance on Financial Performance

TABLE OF CONTENTS

Cover page…………………………………………………………………………. i

Declaration ………………………………………………………………………… ii

Dedication…………………………………………………………………………...iii

Acknowledgement…………………………………………………………………. iv

Table of Contents …………………………………………………………………. v

Abstract……………………………………………………………………………. vii

1.0 CHAPTER ONE: INTRODUCTION…………………………………….... 1

1.1 Background of the study…………………………………………………… ….1

1.2 Statement of the problem…………………………………………………….... 7

1.3 Research questions ……………………………………………………....…..…8

1.4 Objectives of the study…………………………………………………...……..8

1.5 Importance of the study………………………………………..………………. 9

1.6 Scope of the study…………………………………………...………………….10

1.7 Definition of terms…………………………...…………………………………10

1.8 Chapter summary……………………………………………………………. …12

2.0 CHAPTER TWO: LITERATURE REVIEW……………………………… 13

2.1 Introduction..…………………………………………………………………....13

2.2 theoretical framework…………………………………………………………..13

2.3 Good corporate governance and operating costs…………………………….…18

2.4 Correlation between good corporate governance and performance ratios……...20

2.5 Chapter summary……………………………………………………………… 24

3.0 CHAPTER THREE: RESEARCH METHODOLGY………………...……25

3.1 Introduction …………………………………………………………………… 25

3.2 Research design…………………………………………………………………25

3.3 Population ……………………………………………………...........................25

3.4 Sampling design……………………………………………………………. … 26

3.4.1 Sampling frame…………………………………………………………….....26

3.4.2 Sampling technique.……………………………………………………........ 26

3.4.3 Data collection methods…...…………………………………………………27

3.5 Data collection method…………………………………………………………28

3.6 Data analysis and presentation…………………………………………….……28

4.0 CHAPTER FOUR: DATA ANALYSIS AND FINDINGS…………………28

4.1 Introduction…………………………………………………………………….28

4.2 Background information………………………………………………………..28

4.3 Structure of governance…………………………………………………………29

4.4 Cost of governance……………………………………………………………...36

4.5 Institutionalisation of good corporate governance……………………………..38

5.0

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