International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

A Meta-analysis of Corporate Governance and Financial Performance of Financial Institutions in Uganda

Author(s) BALIKUDDEMBE NASSER, WAKABI RAHMA
Country Uganda
Abstract Purpose: The objectives of this meta-analysis are to look at how corporate governance practices affect firm value, how financial performance indicators and firm value relate to each other, how corporate governance affects economic performance, and how financial performance functions as a mediator in the relationship between corporate governance and firm value.
Methodology: A desk methodology was used in this investigation. Secondary data collection is a common term used to describe a desk study research design. Because it is less expensive than field research, gathering data from already existing resources is preferred. Because the data was readily available through online journals and libraries, our current study examined previously published studies and reports.
Findings: Research on the relationship between corporate governance mechanisms and firm performance is complicated, with conflicting results pointing to both beneficial and detrimental consequences. Robust corporate governance practices, such as CEO duality, ownership structure, board independence, and audit quality, are generally linked to increased firm performance. These systems improve the organization's strategic decision-making, accountability, and transparency, which improves financial results and lowers agency costs and shareholder value. However, a variety of contextual factors, including industry dynamics, legal frameworks, and cultural norms, can affect how effective these mechanisms are. While some research emphasizes the beneficial relationship between corporate governance practices and firm performance, other research raises concerns about possible drawbacks and emphasizes the necessity of ongoing adjustment to shifting market conditions.
Implications to Theory, Practice, and Policy: Potential theoretical frameworks for future research evaluating the effects of corporate governance mechanisms on firm performance in Uganda include agency theory, stewardship theory, and resource dependence theory. To increase governance effectiveness, practitioners should give priority to increasing board independence and diversity. Legislators ought to impose legal frameworks that encourage accountability, openness, and moral conduct in corporate governance procedures.
Keywords Corporate governance, Financial Performance, and Financial Institutions
Field Business Administration
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-07-19
Cite This A Meta-analysis of Corporate Governance and Financial Performance of Financial Institutions in Uganda - BALIKUDDEMBE NASSER, WAKABI RAHMA - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.24825
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.24825
Short DOI https://doi.org/gt43t6

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