Board Composition and Financial Distress of Listed Firms in Kenya. An Empirical Analysis
Kennedy Ombaba and
Journal of Finance and Investment Analysis, 2017, vol. 6, issue 4, 4
The purpose of this paper was to examine the relationship between board composition and financial distress of listed firms in Kenya. The study specifically sought to determine the effect of board size, board independence, board tenure, multiple directorship and financial expertise on financial distress. The research design used in this study was exploratory design. The study employed panel regression analysis and simultaneously used pooled regression and random effects on sample size of 39 listed firms in Kenya during the period of 2004-2013. The study found that board independence is negatively and significantly related with financial distress ÃŸ=-0.044; p
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spt:fininv:v:6:y:2017:i:4:f:6_4_4
Access Statistics for this article
More articles in Journal of Finance and Investment Analysis from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().