Shareholder Rights and Performance of Deposit Taking SACCO’s

Abstract

Purpose:Greater attention has paid on shareholder rights in the 21st century by shareholders, regulators and the general public. Effective shareholder protection mechanisms have played a crucial role thus bolstering shareholder confidence and retention. this study probed the influence of shareholder rights on Deposit Taking SACCOs performance in Kenya.

Design/Methodology: The relation was analyzed on the basis of all the 42 Deposit Taking SACCO’s in Nairobi County. The study relied on primary data which was gathered using structured questionnaires from senior managers. Both descriptive statistics and inferential statistics were employed for data analysis

Findings: The results affirmed that shareholder rights positively and significantly influenced Deposit Taking SACCO’s performance in Kenya.

Implications/Originality/Value: This paper enriches current literature by examining the influence of shareholder rights on Deposit Taking SACCO’s performance. The findings may be of vital importance to policy makers when developing policies on shareholder rights. Deposit Taking SACCOs leaders should take cognizance of shareholder rights particularly the right to participate in decision making, right to equitable treatment and right to access information so as to enhance performance.