{"product_id":"ownership-structure-board-and-manager-discretion-on-performance-von-vincent-ongore","title":"Ownership Structure, Board, and Manager Discretion on Performance","description":"\u003cp\u003eThe study investigated the combined effects of  ownership structure, board effectiveness and  managerial discretion on firm performance using  agency theory as an analytical framework. Measures  of performance used in the study were Return on  Assets, Return on Equity and Dividend Yield. Using  Pearson''s Product Moment Correlation and Logistic  Regression, Step-wise regression and ANOVA to  analyze data obtained from companies listed at the  Nairobi Stock Exchange, the study found out that  Ownership Concentration and Government Ownership  have significant negative relationships with firm  performance. On the other hand, Foreign Ownership,  Diffuse Ownership, Corporation Ownership, and  Manager Ownership were found to have significant  positive relationships with firm performance. The  results of this study have indicted the Board of  Directors for not playing any meaningful role in  corporate governance in Kenya. On the other hand,  the results support the need for managers to bear  more responsibility of their mismanagement and also  share in the residual income of the firms they  manage.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844304541\"\u003e\u003ch3\u003eThe Effects of Ownership Structure, Board Effectiveness and Managerial Discretion on Firm  Performance\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844304541","offer_id":39497185722461,"sku":"9783844304541","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/5f1739e2-3125-4184-8555-fa6e8b4d122c.jpg?v=1774505125","url":"https:\/\/shop.autorenwelt.de\/en\/products\/ownership-structure-board-and-manager-discretion-on-performance-von-vincent-ongore","provider":"Autorenwelt Shop","version":"1.0","type":"link"}