An Empirical Test of the Agency Theory in Corporate Governance of SACCOs in Uganda

An Empirical Test of the Agency Theory in Corporate Governance of SACCOs in Uganda

Kibs Boaz Muhanguzi

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Kyambogo University

An Empirical Test of the Agency Theory in Corporate Governance of SACCOs in Uganda

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Abstract

In a corporation, management is employed by owners for specified functions from which utility of owners and management is to be derived. While executing their roles and obligations, management may consider fulfilling their interests at the expense of owners’ interests and vice versa. This results into agency problems. This study tests the relevance of the agency theory and examines whether existing governance mechanisms and ownership structure address agency problems in Savings and Credit Cooperatives (SACCOs) in Uganda. To accomplish this, a mixed research (both quantitative and qualitative) design is used. Self-administered questionnaire and personal interviews about: utility of owners and management, and governance mechanisms and ownership structure are administered onto the respondents-key informantsselected through stratified sampling of SACCOs in Uganda. Respondents’ perceptions about utility levels of owners and management, and governance mechanisms and ownership structure within the studied SACCOs; are analyzed using a 5-point Likert scale.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Kibs Boaz Muhanguzi. 2019. \u201cAn Empirical Test of the Agency Theory in Corporate Governance of SACCOs in Uganda\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 19 (GJMBR Volume 19 Issue B2).

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GJMBR Volume 19 Issue B2

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-B Classification JEL Code: G34

Submission ReceivedDecember 13, 2018
Peer Review Double Blind
Handling Editor
Accepted January 5, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

June 5, 2019

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Article Matrices

Total Score: 101

Country: Uganda

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Kibs Boaz Muhanguzi (PhD/Dr. count: 0)

View Count (all-time): 205

Total Views (Real + Logic): 2725

Total Downloads (simulated): 1378

Publish Date: 2019 06, Wed

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Total Views: 2725

Total Downloads: 1378

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