Research Topic
EFFECT OF CORPORATE GOVERNANCE ON THE DIVIDEND PAYOUT RATIO OF COMMERCIAL AND SERVICE FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE
Bio
My name is Andrew Muyani koriata. For the past 5 years, i have been delivering great value to clients as a finance Advisor, helping them plan of their short-term and long term goals. I am very well- organized profesional and enterprenuer, able keep to multiple prioprities in mind while aiming for the best outcome for my clients. With my strong attention to details, i am able to recognize small financial inaccuracies, communicating clearly with the clients about posible changes to their accounts.
I become intrested in finance while working at africa linkmark limited as a finance assistsnt. My exeperience encounrange me to start helping individuals and corporates and i was able to customize services to suit the needs of my clients.
I take special care to ensure that i understand the needs of every single client, and i am always there for my clients whether it is during business days or after hours.
Today i have a clientele of over 50 individuals and two corporates who seeks my advice regarding saving, investing, retirement and other financial needs. I am also a skilled auditor and tax advisor.
Abstract
Abstract
A research was set to determine the how governance in the corporate sector affected dividend payout ratio of various organizations that are NSE listed. All 12 commercial and service organizations listed formed population of this work. Independent variants in this research were corporate governance operationalized as how many members the board has, team independence and how frequent they meet. Standard variants were profitability represented by return on equity per year, cash balances represented by the rate of money in flow to total asset and debt financing, evaluated by ratio of complete debt to entire expenses on a yearly rate. Changing variant was the rate of dividend due to be paid represented by share on dividend to gains per share. A five- year period, 2014 - 2018, and secondary data was used. Multiple linear regressions model was applied in analysis of the association between the variable. The data was analyzed by use of SPSS version 22 and 0.624% value of R-Square was produced from the study results which meant that a large percentage, 62.4%, of the disparity among the payable rates of dividends of commercial and service organizations listed at the stock exchange can be explained by the six constant variants as 37.6 of disparity of payout rate. Findings of ANOVA highlight how F was important at the 5% level, showing p=0.000. This research suggests to raise the numbers of members who seat in the board and profitability, because it has effect on dividends payment among NSE listed organizations.
Research Supervisors
Research Supervisors
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