CORPORATE GOVERNANCE, MACRO ENVIRONMENT, TOP MANAGEMENT CAPABILITIES AND PERFORMANCE OF COMMERCIAL STATE CORPORATIONS IN KENYA
| Dublin Core | PKP Metadata Items | Metadata for this Document | |
| 1. | Title | Title of document | CORPORATE GOVERNANCE, MACRO ENVIRONMENT, TOP MANAGEMENT CAPABILITIES AND PERFORMANCE OF COMMERCIAL STATE CORPORATIONS IN KENYA |
| 2. | Creator | Author's name, affiliation, country | Elvis Songa; PhD Candidate, Faculty of Business and Management Sciences, University of Nairobi, Kenya |
| 2. | Creator | Author's name, affiliation, country | Josiah Aduda; Lecturer, Dr., Faculty of Business and Management Sciences, University of Nairobi, Kenya |
| 2. | Creator | Author's name, affiliation, country | Onesmus Nzioka; Lecturer, Dr., Faculty of Business and Management Sciences, University of Nairobi, Kenya |
| 3. | Subject | Discipline(s) | |
| 3. | Subject | Keyword(s) | corporate governance, macro environment, top management capabilities, performance, commercial state corporations, Kenya |
| 4. | Description | Abstract | Purpose: This study investigates the influence of corporate governance, macro environment, and top management capabilities on the performance of commercial state corporations in Kenya. Motivated by persistent performance challenges within state-owned enterprises, the research aimed to provide a holistic understanding of internal and external factors that drive organizational success. An integrated conceptual model was developed and tested using data collected through structured questionnaires administered to top-level managers across various commercial state corporations. The study was theoretically anchored in Agency Theory, Stewardship Theory, Upper Echelons Theory, and Resource Dependency Theory. Methodology: The variables considered in this paper are corporate governance conceptualized as an independent variable and anchored on agency theory, macro environment as the moderating variable supported by steward theory, top management capabilities as the intervening variable, anchored on upper echelon theory and performance as the dependent variable. The study used a descriptive research design and a positivist worldview. A semi-structured questionnaire was administered to 47 commercial state corporations. The data was analyzed using descriptive and inferential statistics, notably Pearson's Product-Moment Correlation and multiple regression analysis for hypotheses. Findings: The study established that collectively and individually, corporate governance, macro environment, and top management capabilities positively and statistically influence commercial state corporations in Kenya.
JEL: G34, E02, M12, L25, L32 |
| 5. | Publisher | Organizing agency, location | Open Access Publishing Group |
| 6. | Contributor | Sponsor(s) | |
| 7. | Date | (YYYY-MM-DD) | 2026-03-31 |
| 8. | Type | Status & genre | Peer-reviewed Article |
| 8. | Type | Type | |
| 9. | Format | File format | |
| 10. | Identifier | Uniform Resource Identifier | https://oapub.org/soc/index.php/EJEFR/article/view/2179 |
| 10. | Identifier | Digital Object Identifier (DOI) | http://dx.doi.org/10.46827/ejefr.v10i2.2179 |
| 11. | Source | Title; vol., no. (year) | European Journal of Economic and Financial Research; Vol 10, No 2 (2026) |
| 12. | Language | English=en | en |
| 13. | Relation | Supp. Files | |
| 14. | Coverage | Geo-spatial location, chronological period, research sample (gender, age, etc.) | |
| 15. | Rights | Copyright and permissions |
Copyright (c) 2026 Elvis Songa, Josiah Aduda, Onesmus Nzioka This work is licensed under a Creative Commons Attribution 4.0 International License. The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed. |