Impacts of Corporate Governance Mechanism on Financial Performance of Selected Insurers in Ethiopia
| dc.contributor.advisor | Duressa, Degefe (PhD) | |
| dc.contributor.author | Mitiku, Bonsa | |
| dc.date.accessioned | 2018-06-22T08:36:17Z | |
| dc.date.accessioned | 2023-11-08T14:37:44Z | |
| dc.date.available | 2018-06-22T08:36:17Z | |
| dc.date.available | 2023-11-08T14:37:44Z | |
| dc.date.issued | 2015-06 | |
| dc.description.abstract | Corporate governance has become an issue of global significance and has received new urgency due to various corporate scandals and failure. This study seeks to see impacts of corporate governance mechanism on financial performance of Insurers in Ethiopia. In order to achieve this objective, the study uses mixed research approach. Panel data covering ten year period from 2005 – 2014 are analyzed for nine insurance companies. Also in-depth interview was conducted with selected company board chairmen. The study analyses a range of internal corporate governance variables board size, chief executive compensation, educational qualification of directors ,presence of female directors, frequency of board meeting, other business management experience of directors, industry specific experience of directors and the study also controls the effect of premium growth of Insurers. The Fixed effects technique has been applied to find out the most significant variables from considered internal corporate governance variable. The regression results show that, chief executive compensation, educational qualification of directors, other business management experience of directors, and industry specific experience of directors has positive and significant effects on financial performance of Insurers’ proxy by ROA. On the other hand, board size and presence female directors don’t have statically significant impacts on Insurers’ performance. In addition Contrary to theoretical prediction frequency of board meeting does not have significant effects on Insurers performance. So, stakeholders should give consideration to chief executive compensation, educational qualification of directors, other business management experience of directors, and industry specific experience of directors when they set governance policy for industry as general and for the company specifically. Keyword: Corporate Governance mechanism agency theory Insures, financial performance and Ethiopia | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/2946 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Corporate governance mechanism agency theory Insures; financial performance and Ethiopia | en_US |
| dc.title | Impacts of Corporate Governance Mechanism on Financial Performance of Selected Insurers in Ethiopia | en_US |
| dc.type | Thesis | en_US |