Impact of Corporate Governance on Job Satisfaction of employees in Uganda
Author(s)
Agyemang Andrew Osei , Joshua Bukenya Yiga , Kong Yusheng , Ayamba Emmanuel Caesar ,
Download Full PDF Pages: 99-107 | Views: 1294 | Downloads: 415 | DOI: 10.5281/zenodo.3473841
Abstract
Empirical research in corporate governance have got much attention due to deficiencies in organizations. This research study has tried to explore the predictive relationship between corporate governance and employee job satisfaction, and dimensions of corporate governance (i.e., internal control, corporate structure and code of governance) and employee job satisfaction. The correlational research design was utilized to investigate the problem with a convenient sample of 196 respondents. Pearson Product-Moment correlation test, Standard regression, and hierarchical regression tests were used to test the hypotheses in this study. The result showed that corporate governance significantly and positively predicted employee job satisfaction. The three dimensions of corporate governance (i.e., corporate structure, code of governance and internal control) significantly and positively predicted employee job satisfaction with corporate structure accounting for more variance in employee job satisfaction than the other two dimensions. The implications of the findings with respect to theory have been discussed
Keywords
Corporate governance, Job satisfaction, the Manufacturing sector, Uganda.
References
i. Al-Qudah, M.Y. (2012). The effect of corporate governance on customer relationship quality and marketing performance. An unpublished master’s degree thesis submitted to the department of business administration, Middle East University.
ii. Appelbaum, E. Bailey, T. Berg, P. and Kalleberg, A. (2000). Manufacturing advantage: Why high-performance work systems pay off. Ithaca, NY: Cornell University Press, 2000.
iii. Chiang, H. (2005). An empirical study of corporate governance and corporate performance. The Journal of Law and Economics, 31(1), 122-140.
iv. Collier, P. M. (2005). Management Accounting Risk and Control Strategy. CIMA Publishing: Oxford Combined Code Reviewed.
v. Donaldson, L. & Davis, J. H. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. Retrieved from www.agsm.edu.au/eajm/9106/pdf/donaldson.pdf
vi. Davis, J.H., Schoorman, F.D., & Donaldson, L. (1997). Toward a Stewardship Theory of Management. The Academy of Management Review, 22(1), 20-47.
vii. Donald, C. & Dowling, Jr. ( 2000-2001). How to Ensure Employment Problems Don’t Torpedo Global Mergers and Acquisitions. 13 DePaul Bus. L.J. 159.
viii. Duke II, J. &Kankpang, K. (2011). Linking corporate governance with organizational performance: New insights and evidence from Nigeria. Global Journal of Management and Business Research, 11(12), 47-58.
ix. Ellickson, M.C. & Logsdon, K. (2001). Determinants of job satisfaction of Municipal Government employees. State and Local government Review. 33(3):173-184.
x. Feizizadeh, A. (2012). Strengthening internal audit effectiveness. Indian Journal of Science and Technology, 5(5), 2777- 2778.
xi. Gould-William, T (2003) The Importance of HR practices and work Place trust in achieving superior performance: a study of public-sector organizations. International Journal of Human Resource Management, Vol.14, No.1, pp. 28-54.
xii. Jensen, M. &Meckling, W. (1976).Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics, pp 305 ‐360.
xiii. John, K., &Senbet, L. (2004). Corporate Governance and Board Effectiveness. Journal of Banking and Finance. 22, 371-403.
xiv. Kharbanda, S. (2012). Employees’ position during Transfer of understanding - A Corporate Governance
xv. perspective. 4th year B.A LLB (Hons.) School of Law, Christ University. D – 109, Sector-40, Noida-
xvi. 201301, Uttar Pradesh.
xvii. Locke, E.A. (1976). The nature and causes of job satisfaction. In M.D. Dunnette (Ed.), Handbook of industrial and organizational psychology (pp.1297-1349). Chicago: Rand McNally.
xviii. Luthans, F. (2005). Organizational Behaviour (10th edition). International ed. USA: McGraw-Hill.
xix. Love, I. (2011). Corporate governance and performance around the world: What we know and what we don’tknow. The World Bank Research Observer, 26(1), 42-70.
xx. Muth, M.M., & Donaldson, L. (1998). Stewardship Theory and Board Structure: a Contingency Approach. Corporate Governance: An International Review, 6(1), 5-28.
xxi. Parker, H. (2006). Governing the corporation. In Business: The ultimate resource (Eds), (294-295). Cambridge, MA: Basic Books.
xxii. Shilpajainusms. (2010). Impact of Organisational Structure and Culture on Job Satisfaction, Job Stress and Employee Motivation: A Survey of existing Literature.
xxiii. Tacbachnick, B., &Fidell, L. (1996). Using multivariate statistics (3rd edition). New York: Harper Collins.
xxiv. Supra, N. (1987). Directors’ Duties and the Company’s Interests in Firm (ed): Equity and Commercial
xxv. Relationships. Sydney: Law Book Co. Vol. 120.
xxvi. Tella, A. A., &Popoola, S. (2007). Work Motivation, Job Satisfaction and Organisational Commitment of Librarypersonal in Academic and Research Libraries in Oyo State Nigeria, Practices of Library and Philosophy.
xxvii. Tenkorang, A., Mintaa, S. (2012). Job Satisfaction and Staff Morale in the Telecom Industry in Ghana. Kwame Nkrumah University of Science and Technology. PG 4145810.
xxviii. Theofanis, K., Drogalas, G. &Giovanis, N. (2011). Evaluation of the effectiveness of internal audit in Greek Hotel Business. International Journal of Economic Sciences and Applied Research, 4(1), 19-34.
Cite this Article: