Effect of Risk Management on Corporate Governance in Savings and Credit Co-Operative Societies in Nairobi County- Kenya
Journal Title: International Journal of Finance Accounting and Economics - Year 2018, Vol 1, Issue 1
Abstract
Corporate governance an integral part of the firms in both the public and the private sectors. Saccos need to improve their corporate governance in order to compete globally. The purpose of this study was to establish the effect of risk management on corporate governance in Sacco’s in Nairobi County. The study was guided by the credit risk theory. This study adopted descriptive research design. The study targeted 45 licensed SACCOS in Nairobi County with a population of 180 respondents who worked for 45 licensed SACCOS by SASRA in Nairobi County. The sample size for the study was 124 respondents. Purposive technique and simple random sampling was used to select a sample size that represented all employees in filling questionnaires. In order to establish the validity and reliability of the instruments, a pilot study was carried out in Eldoret town. Data was analysed using descriptive and inferential statistics. The study findings indicated that there was a statistical significant relationship between risk management and corporate governance in Sacco’s in Nairobi County (t=2.226, P<0.05). The study recommended that the SACCOs should adopt risk management and effectively used to identify risk exposure in order to strengthen corporate governance. The policy makers should ensure that risk management is incorporated in all management decisions being taken to enhance corporate governance
Authors and Affiliations
DR. Kennedy B. Mwengei Ombaba
Keywords
Related Articles
- EP ID EP311414
- DOI -
- Views 101
- Downloads 0
Do Board Processes Affect Firm Performance of State Owned Sugar Companies in Kenya? Exploring the Role of Use of Knowledge
Firms with strong financial performance are able to survive in the dynamic business environment. Financial stability of firms enables them to compete globally. Corporate governance is plays a significant role on the fina...
Effect of Risk Management on Corporate Governance in Savings and Credit Co-Operative Societies in Nairobi County- Kenya
Corporate governance an integral part of the firms in both the public and the private sectors. Saccos need to improve their corporate governance in order to compete globally. The purpose of this study was to establish th...
Effectiveness of Market Ratios in Predicting Financial Distress. Evidence from Kenya.
Financial distress research of companies has attracted a growing attention in the recent past. This phenomenon of financial distress in public companies has been witnessed by a number of corporate failures and the increa...
Risk Assessment, Fraud Detection and Prevention; Empirical Evidence from University of Eldoret, Kenya
Internal controls help the institution to understand the organization’s structure, work, and authority flows. They are designed to provide reasonable assurance regarding the achievement of operational objectives. Cases o...
Corporate Planning on Revenue Collection at Kenya Revenue Authority in North Rift Region. Does Evaluation Strategy Matter?
The study aimed at determining the influence of evaluation strategy on corporate planning in revenue collection at Kenya Revenue Authority. The research was guided by Stewardship Theory and the Theory of Constraints. It...