Internal controls, corporate governance and fi nancial performance of MFIs in Uganda
The article reconnoitered the rapport between internal controls, corporate governance and financial performance of MFIs in Uganda a case of Central Uganda. The study adopted a descriptive, cross-sectional and correlational design. The study covered 76 MFIs in Uganda with 332 respondents. The find...
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| Format: | Article |
| Language: | English |
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Kabale University Interdisciplinary Research Journal (KURJ
2023
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| Online Access: | http://hdl.handle.net/20.500.12493/968 |
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| author | Abanis, Turyahebwa Eliab, Byamukama Mpora Arthur, Sunday |
| author_facet | Abanis, Turyahebwa Eliab, Byamukama Mpora Arthur, Sunday |
| author_sort | Abanis, Turyahebwa |
| collection | KAB-DR |
| description | The article reconnoitered the rapport between internal controls, corporate governance and
financial performance of MFIs in Uganda a case of Central Uganda. The study adopted a
descriptive, cross-sectional and correlational design. The study covered 76 MFIs in Uganda
with 332 respondents. The findings argument to a significant positive relationship between
internal controls, corporate governance and financial performance of MFIs. Internal Controls
and financial performance of MFIs (r = 0.651, P-value = 0.000), corporate governance and
financial performance of MFIs (r = 0.562, P-value = 0.000). From the results, we sanction
that internal controls, corporate governance, predict over 70.2% of the change in financial
performance of Micro Finance Institutions in Uganda. The findings display a good model
fit and fig.2 defines the model of internal controls and corporate governance on financial
performance of MFIs in Uganda and is comprised of 3 magnitudes of Internal Controls in
terms of Control Environment, Control Activities, Risk Assessment as well as corporate
governance and their predictive power on financial performance of MFIs in Uganda. Figure
2 and table 1 and 2 clearly indicate that Internal Controls and Corporate Governance are
significantly associated with financial performance of MFIs. The study spoke to pragmatic
issues that have not been shielded in the literature, more especially in the microfinance
industry Uganda. Besides, the study has attempted to negate or confirm whether the
theoretical underpinnings are empirically supported in Microfinance Institutions in Uganda.
Consequently, the study has underwritten to the lasting internal controls and corporate
governance debate in the field of financial industry. The study has further established that
internal control and corporate governance magnitudes operate in a synergic way to affect
financial performance in Microfinance Institutions in Uganda. |
| format | Article |
| id | oai:idr.kab.ac.ug:20.500.12493-968 |
| institution | KAB-DR |
| language | English |
| publishDate | 2023 |
| publisher | Kabale University Interdisciplinary Research Journal (KURJ |
| record_format | dspace |
| spelling | oai:idr.kab.ac.ug:20.500.12493-9682024-01-17T04:44:28Z Internal controls, corporate governance and fi nancial performance of MFIs in Uganda Abanis, Turyahebwa Eliab, Byamukama Mpora Arthur, Sunday Internal Controls, Corporate governance, Financial Performance, MFIs Uganda The article reconnoitered the rapport between internal controls, corporate governance and financial performance of MFIs in Uganda a case of Central Uganda. The study adopted a descriptive, cross-sectional and correlational design. The study covered 76 MFIs in Uganda with 332 respondents. The findings argument to a significant positive relationship between internal controls, corporate governance and financial performance of MFIs. Internal Controls and financial performance of MFIs (r = 0.651, P-value = 0.000), corporate governance and financial performance of MFIs (r = 0.562, P-value = 0.000). From the results, we sanction that internal controls, corporate governance, predict over 70.2% of the change in financial performance of Micro Finance Institutions in Uganda. The findings display a good model fit and fig.2 defines the model of internal controls and corporate governance on financial performance of MFIs in Uganda and is comprised of 3 magnitudes of Internal Controls in terms of Control Environment, Control Activities, Risk Assessment as well as corporate governance and their predictive power on financial performance of MFIs in Uganda. Figure 2 and table 1 and 2 clearly indicate that Internal Controls and Corporate Governance are significantly associated with financial performance of MFIs. The study spoke to pragmatic issues that have not been shielded in the literature, more especially in the microfinance industry Uganda. Besides, the study has attempted to negate or confirm whether the theoretical underpinnings are empirically supported in Microfinance Institutions in Uganda. Consequently, the study has underwritten to the lasting internal controls and corporate governance debate in the field of financial industry. The study has further established that internal control and corporate governance magnitudes operate in a synergic way to affect financial performance in Microfinance Institutions in Uganda. Kabale Universtity 2023-02-07T03:06:45Z 2023-02-07T03:06:45Z 2022-12 Article http://hdl.handle.net/20.500.12493/968 en Attribution-NonCommercial-NoDerivs 3.0 United States http://creativecommons.org/licenses/by-nc-nd/3.0/us/ application/pdf Kabale University Interdisciplinary Research Journal (KURJ |
| spellingShingle | Internal Controls, Corporate governance, Financial Performance, MFIs Uganda Abanis, Turyahebwa Eliab, Byamukama Mpora Arthur, Sunday Internal controls, corporate governance and fi nancial performance of MFIs in Uganda |
| title | Internal controls, corporate governance and fi nancial performance of MFIs in Uganda |
| title_full | Internal controls, corporate governance and fi nancial performance of MFIs in Uganda |
| title_fullStr | Internal controls, corporate governance and fi nancial performance of MFIs in Uganda |
| title_full_unstemmed | Internal controls, corporate governance and fi nancial performance of MFIs in Uganda |
| title_short | Internal controls, corporate governance and fi nancial performance of MFIs in Uganda |
| title_sort | internal controls corporate governance and fi nancial performance of mfis in uganda |
| topic | Internal Controls, Corporate governance, Financial Performance, MFIs Uganda |
| url | http://hdl.handle.net/20.500.12493/968 |
| work_keys_str_mv | AT abanisturyahebwa internalcontrolscorporategovernanceandfinancialperformanceofmfisinuganda AT eliabbyamukamampora internalcontrolscorporategovernanceandfinancialperformanceofmfisinuganda AT arthursunday internalcontrolscorporategovernanceandfinancialperformanceofmfisinuganda |