The Influence of Chief Executive Officer Power on Diversity of Gender and Dividend Policy in Kenya

  • Benjamin Oduori Department of Finance, Kibabii University
  • David Kosgei Department of Management Science, School of Business and Economics, Moi University
Keywords: Chief Executive Officer Power, Diversity, dividend policy, Gender, Kenya

Abstract

Enterprises management has encountered challenges emanating from internal manager’s inability to successfully provide stewardship. The corporation’s owners therefore, have to devise processes that guarantee that their stakes are safeguarded. In modern corporation’s owners embrace mechanisms like board diversity to mitigate against managers’ failures to act in their best interests. This paper’s aim is to assess the influence of Chief Executive Officer Power moderation among gender diversity and dividend policy. The research employed an explanatory research design targeting corporations registered on the Nairobi Securities Exchange in time spanning from 2009 to 2015. The research findings indicate a favorable and important outcome on the interactions which implied that CEO power moderated the linkage between diversity of gender and dividend policy amid Kenya’s enterprises hence diversity of gender is an important influence in corporation’s board. The research forms a basis from which the regulatory authority could use to ensure full compliance to the statutory requirements on gender diversity so as to safeguard the stakes of stockholders in the enterprises.

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Published
2020-07-17
How to Cite
Oduori, B., & Kosgei, D. (2020, July 17). The Influence of Chief Executive Officer Power on Diversity of Gender and Dividend Policy in Kenya. African Journal of Education,Science and Technology, 6(1), Pg 255-265. Retrieved from http://ajest.info/index.php/ajest/article/view/481
Section
Articles