Bank failures: Examining corporate governance principles and practices of indigenous banks in Zimbabwe and their impact on organizational effectiveness
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Date
2018
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Abstract
This research examined the corporate governance mechanisms of Zimbabwean indigenous banks and their impact on organizational effectiveness. It addressed two research concerns; to identify and discover Zimbabwean indigenous banks’ corporate governance irrationalities with regard to organizational effectiveness and, to achieve regulation change through understanding and explaining the impacts of the adopted corporate governance principles and practices on organizational effectiveness. The research adopted a methodological pluralism approach using the phenomenology and symbolic interactionism epistemological strands. The research established that there is significantly a positive relationship between sound corporate governance and organizational effectiveness among indigenous banks in Zimbabwe. The findings were supported by the number of indigenous bank failures, the extent of non-performing loans, and the alleged malpractices among indigenous banks as compared to foreign-owned banks.
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Keywords
Corporate governance, Indigenous banks, Bank failure, Organizational effectiveness