The Nexus between CEO Duality and Company Performance: Evidence from Listed Companies in Kenya

  • Fiona J. Korir Department of Accounting and Finance, Moi University, Eldoret, Kenya
  • Joel K. Tenai Department of Accounting and Finance, Moi University, Eldoret, Kenya
Keywords: Board CEO Duality, Company Performance, Listed Firms, Agency Theory, Stewardship Theory


This article attempts to examine the nexus between CEO duality and performance of companies recorded in Nairobi Securities Exchange. Panel data derived from secondary sources from publicly registered companies in Kenya in 2002-2017 was used. Hierarchical moderated regression analysis was utilized in testing the hypothesis. The findings indicate that CEO duality does not affect firm performance. This study offers a better understanding regarding communal governance characteristic as well as company achievement thus providing companies with the practical implications that would help them please shareholders and entice probable investors. The current research adds to reducing the controversy around CEO duality through its provision of practical indication on the connection between CEO duality and company production in corporate governance from Kenya. It answers the call for an extension of research towards an understanding of the connection between CEO duality and company performance.


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How to Cite
Korir, F., & Tenai, J. (2020, March 19). The Nexus between CEO Duality and Company Performance: Evidence from Listed Companies in Kenya. African Journal of Education,Science and Technology, 5(4), Pp 82-91. Retrieved from