Corporate Governance and Firm Performance in  State-Owned Enterprises (SOEs) in Zambia: A  Systematic Review

Mumba, Bryson; Kazonga, Eustarckio

doi:10.5296/jcgr.v5i1.18641

Cited by 4 publications

(2 citation statements)

References 5 publications

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“…It has been observed that the male neonate had a higher likelihood of dying in the first four week of life when compared to their female counterpart. This finding was consistently found in the study conducted using DHS data in Zambia[24], Afghanistan[25], Nigeria[26], Burundi[21] and Bangladesh[27].…”

Section: Introductionsupporting

confidence: 74%

Trends and Determinants of Neonatal Mortality in Rural Ethiopia

Asaye,

Saketa,

Birhanu

et al. 2024

Preprint

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Background: Neonatal mortality is a significant challenge that affects babies within the first 28 days of life. The issue is particularly challenging for healthcare systems in developing countries, where interventions are required. Although there has been a decline in neonatal mortality worldwide, comprehensive data on the patterns of neonatal mortality and the contributing factors in rural regions of Ethiopia is lacking. Objective: To determine neonatal mortality trends and mortality in rural Ethiopia using 2011-2019 DHS data Methods: Ethiopian demographic health survey (EDHS) program conducted a cross-sectional community-based study in rural Ethiopia in 2011, 2016, and 2019. The study included women who gave birth within the specified timeframe and agreed to participate. Sampling was done through a multistage cluster approach, and STATA version 17 was used to analyze the data. Predictor variables were validated through multiple logistic regression analysis. Weighted estimates were used to derive population-level statistics and a p-value less than 0.05 was considered significant. Results: The study analyzed data from 22,755 women who participated in EDHS surveys between 2011 and 2019. Neonatal mortality rates decreased from 7.5% to 6.03%. Regional variations were observed, with Gambela and Tigrai having the lowest rates, and Dire Dawa and the Somali region having higher rates. Factors like mother's age, wealth index, birth order, neonate's sex, and presence of twins, immediate breastfeeding, and baby's size were associated with neonatal mortality. Conclusion and recommendation: Despite significant advancements that have been made to decrease neonatal mortality, there remain challenges that need to be addressed. Therefore, regional health bureaus should strengthen their strategies to enhance antenatal care (ANC) visits and promote birth delivery at health facilities.

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Section: Introductionsupporting

confidence: 74%

Trends and Determinants of Neonatal Mortality in Rural Ethiopia

Asaye,

Saketa,

Birhanu

et al. 2024

Preprint

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“…Mumba (2017) investigated the effect of gender diversity on firm performance on listed firms in Zambia but did not carry out a comparison of corporate governace practices and financial performances between unlisted State-Owned Enterprises (SOEs), listed SOEs and listed private firms. Another study by Mumba and Kazonga (2021) documented the corporate governance practices and firm financial performance in SOEs in Zambia and again this study did not conduct a comparison between corporate governance practices and firm financial performances between unlisted State-Owned Enterprises (SOEs), listed SOEs and listed private firms. Consequently, there is a knowledge void and an empirical gap that this study aimed to narrow through its findings.…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance and Financial Performance of State-Owned Enterprises Compared to Listed Firms in Zambia: 2002-2017

Mumba¹,

Kazonga²,

Mwanza³

2022

SSSR

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The study was a comparative analysis of the corporate governance practices and firm financial performances between State-Owned Enterprises and listed firms in Zambia. Using a cross-sectional panel data set covering the period 2002 to 2017, the t-test statistic was employed to compare the corporate governance practices and firm financial performances between unlisted State-Owned Enterprises, listed State-Owned Enterprises and listed private firms. It was found that corparate governance practices and firm financial performances between State-Owned Enterprises and listed firms in Zambia were significantly different. The board sizes for listed firms were statistically significantly less than those of State-Owned Enterprises and the proportion of non-executive directors on the boards of listed firms were also statistically significantly less than those of State-Owned Enterprises. On the other hand the proportion of female directors on listed firms were statistically significantly more than those of unlisted State-Owned Enterprises. In terms of firm financial performance, it was found that the mean of the Return on Total Assets for listed private firms was statistically significantly greater than the mean for unlisted State-Owned Enterprises. There were significant effect sizes in all the measured variables. This was a country specific study that contributed to the empirical knowledge on corporate governance practices and financial performances in State-Owned Enterprises and listed firms. The findings are of interest to researchers, corporate governance practitioners and government policy makers.

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Transparency as a Determinant of Financial Performance in State-Owned Commercial Enterprises in Kenya

Bett,

Andemariam,

Abraham

2024

JBED

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State-owned commercial enterprises (SOCEs) in Kenya register below-par output in fiscal standards. Many explanations have been proffered for this state of affairs, including competition and fluctuations in the local and global economies. Additionally, it is important to examine how factors internal to these enterprises shape their financial performance. As such, this study aimed to examine the role of transparency as a corporate governance strategy in the fiscal output of state-owned commercial enterprises as anchored by legitimacy theory. Further, the study adopted explanatory research design. It targeted 476 board members and 379 corporate executives from 46 SOCEs in Kenya. The sample size was 295, consisting of 142 corporate executives and 153 board members, who were selected via stratified random sampling. To collect primary data, a questionnaire and document analysis were deployed. Data was analysed using descriptive statistics. Test for relationship between variables was done using covariance-based structural equation modelling (CB-SEM) along with Analysis of Moment Structures (AMOS) software. The study results revealed that transparency (estimate = 1.946, critical ratio = 3.676, p < 0.001) positively and significantly influenced the financial performance of SOCEs. It was thus deduced that transparency was a determinant of SOCEs’ fiscal output in Kenya. Therefore, SOCEs should deploy centralized real-time monitoring of financial performance through dashboards, build data management capacities and adopt business intelligence and data analytics technologies that allow for data driven and intelligence-based decision-making by the SOCEs’ board and corporate executives.

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Corporate Governance and Firm Performance in State-Owned Enterprises (SOEs) in Zambia: A Systematic Review

Cited by 4 publications

References 5 publications

Trends and Determinants of Neonatal Mortality in Rural Ethiopia

Trends and Determinants of Neonatal Mortality in Rural Ethiopia

Corporate Governance and Financial Performance of State-Owned Enterprises Compared to Listed Firms in Zambia: 2002-2017

Transparency as a Determinant of Financial Performance in State-Owned Commercial Enterprises in Kenya

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