IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

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Lilian Njuguna

Masters Student, Jomo Kenyatta University of Agriculture and Technology, Kenya

Dr. Makori Moronge

Lecturer, Jomo Kenyatta University of Agriculture and Technology, Kenya


Agency conflicts between managers and shareholders are characterized by whether the implementation of incentive compensation schemes mitigates the manager-shareholder conflict. This study investigates the relationship between some determinants of managerial behavior and agency cost from one hand, and the impact of this relationship on firm performance from the other. Within the framework of shareholders' and management's behaviors, that the role of management represented by being delegated by shareholders to manage available financial resources of the company and negotiate with all concerned parties on their behalf, must be in such a way that achieves positive outputs exceeding the opportunity cost in which those resources could be utilized and shareholders' wealth maximized.  The Kenyan Capital Market Authority issued guidelines on corporate governance practices for publicly listed companies in 2002.   The study used descriptive research design. The target population was listed firms in the Nairobi Stock Exchange (NSE).The study found out that non-conforming information is a source of the problems of agency conflicts that the organization's good performance depends on the importance of knowledge possessed by a decision maker and that Information would never be fully revealed on the part of the managers due to agency problems.

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