An Assessment of the Influence of Corporate Governance Principles on Growth of Savings and Credit Co-Operative Societies in KISII County, Kenya
The purpos e of this study was to assess the influence of corporate governance principles on the growth of savings and credit cooperatives societies in Kisii County, Kenya. The recent past had witnessed decreased growth of societies due to alarming rate of dormant Savings and credit corporative societies within Kisii County a situation that was attributed to poor corporate governance principles practiced by Savings and credit corporative societies. The specific objectives considered in this study were: influence of Accountability, participation, and transparency on growth of SACCOs. The theory that was considered for this study was agency theory. The researcher adopted cross-section research design. The target population was 108 management officials of the deposit taking savings and credit corporative societies within Kisii County. Census method was used to obtain the sample size. The researcher used questionnaires as the research instruments for the purpose of collecting data from the respondents for the study. Validity of the study involved the researcher discussing with the supervisors on how the questionnaire was to be tailored to ascertain accurate information from the respondents for data analysis, and the reliability of the research instruments was measured by Cronbach’s Alpha. Adequate reliability level was attained. Descriptive statistics used were: mean, standard deviation, percentages and frequencies. Inferential statistics used were correlation and regression analysis to analyse data collected from the respondents. Computer software (SPSS) package for social sciences version 22 was used in conducting quantitative data analysis.
