Research Article
Johnson Ssekakubo George Ndiwa
Abstract
This study aimed at examining the relationship between managerial competency and financial performance of Savings, Credit and Cooperative Societies in Uganda. A quantitative research approach was used. Data were collected from Savings, Credit and Cooperative Societies operating in the eastern part of Uganda called Busoga using questionnaires. Data were analyzed using descriptive statistics, correlation and regression analysis methods. Results show that there is a positive relationship between managerial competency and financial performance (r =0 .610, p< .01). Results further reveal that corporate governance and managerial competence only explain 39% (R square= .392) of the variance in the financial performance of the Savings, Credit and Cooperative Societies in Uganda. This implies that 61% of the variance in financial performance is explained by other factors outside the model used. The results further indicate that the regression model was also well specified (F = 14.141, P <.01). This implies that the outcome from the model are reliable.