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Corporate governance and the financial performance of savin | 17685
International Research Journals
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International Research Journal of Arts and Social Sciences

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Corporate governance and the financial performance of savings, credit and corporative societies

Abstract

George Ndiwalana Johnson Ssekakubo Freddie Lwanga

This study focused on examining the relationship between Corporate Governance and Financial Performance of Savings, Credit and Corporative Societies in Uganda. The motivation of this study was the fact that the Government of Uganda and other stakeholders had directed their effort towards enhancing good Corporate Governance in Savings, Credit and Corporative Societies. Despite this, Savings, Credit and Corporative Societies in Uganda showed declining financial performance. A cross sectional research design was used for the research study. The population included 69 Savings, Credit and Corporative Societies from which a sample of 59 Savings, Credit and Corporative Societies was obtained. A simple random sampling technique was used. Primary data was obtained from 51 Savings, Credit and Corporative Societies, providing a response rate of 86%.The data were collected using a self administered questionnaire with perceptions and beliefs sought to a five point Likert scale. The data obtained were analyzed using factor, correlation and regression analyses. From the analyses, it was established that, Corporate Governance has no significant effect on the financial performance of these Savings, Credit and Corporative Societies. In reference to the findings of the Study, the researcher concluded that there is no relationship between Corporate Governance and the Financial Performance.

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