The relationship between executive remuneration and credit risk of banks listed in Kenya

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dc.contributor.authorKinyanjui, Brenda W.
dc.date.accessioned2017-02-24T14:25:09Z
dc.date.available2017-02-24T14:25:09Z
dc.date.issued2016
dc.description.abstractThe collapse of the financial system in 2008 brought into light the strong impact that executive remuneration had in the management of credit risk in banks is the United States. The relationship of agency looks at executive pay as a mode of linking the interests of shareholders to that of management. This study attempts to reveal the relationship between the measures of credit risk and executive remuneration and give an overall assessment of the impact of executive remuneration on credit risk in Kenyan banks. It will enable shareholders be able to know to what 'extent they can use executive remuneration to control credit risk inbanks. It can also be used by the government to ensure proper credit risk management in banks for the sound health of the financial system. A panel data from eleven listed commercial banks in Kenya covering a seven year period (2008-2014) was analyzed within the random effects framework. The results from this study find a positive but insignificant relationship between credit risk and executive remuneration. The study can be extended to include the structure of executive remuneration especially with the introduction of a derivatives market in Kenya and the possibility of the inclusion of share options in the pay structure of management.en_US
dc.identifier.urihttp://hdl.handle.net/11071/5037
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectCredit risken_US
dc.subjectExecutive remunerationen_US
dc.subjectAgencyen_US
dc.subjectBanksen_US
dc.subjectKenyaen_US
dc.titleThe relationship between executive remuneration and credit risk of banks listed in Kenyaen_US
dc.typeLearning Objecten_US
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