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Corporate Governance Practices Effect on the Financial Performance of Constitutional Offices in Kenya: A Case of National Land Commission

DOI : https://doi.org/10.36349/easjebm.2025.v08i12.004
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The practice of corporate governance is one of the major factors considered to support and promote existence of accountability, transparency, and ethics in organizations, as well as having a positive impact on their financial results. Objective of this research was to analyze influence of corporate governance practices on financial performance of Kenyan constitutional offices, considering National Land Commission (NLC) as a case study. Specifically, the research aimed to establish influence of transparency, accountability, ethical conduct and compliance on financial performance of these publicly constituted offices. Study was anchored on stakeholder theory, Institutional theory, Agency theory, Resource dependency theory and stewardship theory. Descriptive research design was adopted on a population of sixty-four respondents from National Land Commission. Census sampling techniques together with the use of standardized questionnaires were employed to gather data from three departments: finance, corporate planning, and administration from the institution between March and April 2025. Results were analyzed by use of summary statistics, in particular mean, frequencies and standard deviation while statistical inference analyzed using multiple correlation. To assess significance of survey parameters, the researcher used Pearson correlation and simple linear regressions. Results obtained exhibited strong and positive association between transparency, accountability and overall financial performance of the company, whereas ethical conduct and compliance had minor and non-significant influences. However, positive effect on company culture and risk management was acknowledged. The study suggested that Kenyan constitutional offices should make their financial reporting more transparent, reinforce accountability through audits and reports, and incorporate value of ethics into their corporate culture. It is recommended that future research be designed as longitudinal studies so

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