dc.description.abstract | The present economic condition has endured for far too long, and as a result, consumers have every
right to expect better results from retail companies. This ought to happen as a consequence of retail
chains addressing the causes of bad financial choices and, on occasion, retail chain collapse. These
factors include unethical and unprofessional practices, as well as poor management quality. Recent
events, like as the financial crisis that hit supermarkets, have brought to light the need of strong
corporate governance in ensuring the continued growth and prosperity of firms and the economy as a
whole over the long term. This crisis made it abundantly clear that even robust economies, especially
those lacking in transparent governance, accountable corporate boards, and shareholder rights, are
susceptible to rapid collapse in the event that investors lose faith in the market. Therefore, the issue
that has to be answered is how the various aspects of corporate governance effect performance.
Therefore, the objective of this research was to determine the extent to which corporate governance
procedures have an impact on the investment choices made by significant retail chains that have been
operating in Kenya for at least five years. The resource dependence theory, the stewardship theory,
and the agency theory served as the foundation for this investigation. The study was carried out using
a survey format. The study gathered information and data with the purpose of determining the
influence that corporate governance standards have on investment choices made by big retail
businesses. All of the big supermarkets that have been in business in Nairobi City County, Kenya for
at least five years constituted the study's population. The investigator focused their attention on seven
grocery stores that the CAK classifies as being big. Five (5) respondents were selected at random from
each grocery store, for a total of thirty-five (35) respondents. To gather primary data, we conducted
in-depth interviews, while to compile secondary data, we scoured business websites and internal
corporate documents. The analysis of the data was conducted so that significance could be drawn
between the study's aims, hypotheses, and findings. Using evidence evaluation, classification,
tabulation, and recombination, this was completed. The presented quantitative data was shown using
tabulations, bar graphs, and pie charts. Simple and complex linear regressions were performed as part
of the study of regression. In each of these cases, the regression was carried out at a different level.
The results suggest that corporate governance policies significantly affect the investment decisions of
large retail chains. While large supermarkets and chain shops may not implement every possible
corporate governance practice, they do have key committees like the governance committee, which
meets at least annually to study and report on all matters related to corporate governance. Large grocery
shops and retail chains may not implement all of the available corporate governance standards, but it
doesn't stop this group from meeting regularly anyhow. The researcher suggests that management
should keep and grow a board that is responsible, innovative, and imaginative in addition to one that
is more appropriately chosen and operated since transparency is one of the most crucial indications for
examining investment selections. Directors should never conduct formal reviews of their own acts, the
company, or individual directors; rules for the mandatory retirement age for directors should originate
from the highest level of management, and these requirements should be unambiguous. | en_US |