Relationship of Leadership Styles, Financial Management

RELATIONSHIP OF LEADERSHIP STYLES, FINANCIAL MANAGEMENT, FAN BEHAVIOUR AND PERFORMANCE OF PREMIER LEAGUE FOOTBALL CLUBS IN KENYA RONALD NAMAI A RESEARCH PROJECT SUBMITTED TO THE SCHOOL OF MANAGEMENT AND LEADERSHIP IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER IN MANAGEMENT AND LEADERSHIP OF THE MANAGEMENT UNIVERSITY OF AFRICA NOVEMBER, 2020 DECLARATION This research project is my original work and has not been presented for a degree in any other university. Signature: ……………………………… Date: …………………………………… RONALD NAMAI MML/9/00104/1/2017 This research project has been submitted for examination with my approval as University supervisor Signature: ………………………… Date: …………………………………… Dr. Washington Okeyo School of Management and Leadership The Management University of Africa ii DEDICATION This research project is dedicated to the players, managers and leaders of football in the republic of Kenya in particular and around the world in general. I also dedicate this project to my beloved wife and children. iii ACKNOWLEDGEMENT I wish to thank all the Management University of Africa fraternity; they have in one way or another contributed to make this research proposal a success. My sincere gratitude goes to all my fellow students and lecturers. I wish to thanks my supervisor Dr. Washington Okeyo whose support, guidance, patience and constructive criticism have enabled me to make this work as original as it can be. I wish to acknowledge the premier league clubs, The Kenyan Premier League Ltd and Football Kenya Federation for allowing me access to their documents and information which was critical in delivering this thesis. iv TABLE OF CONTENT DECLARATION..........................................................................................................1 DEDICATION................................................................ Error! Bookmark not defined. ACKNOWLEDGEMENT ............................................. Error! Bookmark not defined. TABLE OF CONTENT ................................................. Error! Bookmark not defined. LIST OF TABLES ......................................................... Error! Bookmark not defined. LIST OF FIGURES ....................................................... Error! Bookmark not defined. ACRONYMS AND ABBREVIATION .................................................................... ix OPERATIONAL DEFINITION OF TERMS ...........................................................x ABSTRACT ................................................................................................................ xi CHAPTER ONE ..........................................................................................................1 INTRODUCTION........................................................................................................1 1.0 Introduction ..........................................................................................................1 1.1 Background of the study ......................................................................................1 1.2 Statement of the Problem .....................................................................................8 1.3 Objectives ...........................................................................................................11 1.4 Significance of the Study ...................................................................................11 1.5 Scope of the Study..............................................................................................12 1.6 Chapter Summary ...............................................................................................13 CHAPTER TWO .......................................................................................................14 LITERATURE REVIEW .........................................................................................14 2.0 Introduction ........................................................................................................14 2.1 Theoretical Literature Review ............................................................................14 2.2 Empirical Literature Review ..............................................................................18 2.3 Summary and Research Gaps .............................................................................28 2.4 Hypothesis ..........................................................................................................28 2.5 Conceptual Framework ......................................................................................29 2.6 Operationalization of variables ..........................................................................30 2.7 Chapter Summary ...............................................................................................31 v CHAPTER THREE ...................................................................................................32 RESEARCH DESIGN AND METHODOLOGY ...................................................32 3.0 Introduction ........................................................................................................32 3.1 Research Design .................................................................................................32 3.2 Target Population ...............................................................................................33 3.3 Sample and Sampling Technique .......................................................................33 3.4 Instruments .........................................................................................................34 3.5 Pilot study ...........................................................................................................34 3.6 Data Collection Procedure .................................................................................35 3.7 Data Analysis and Presentation ..........................................................................36 3.8 Ethical Consideration .........................................................................................39 3.9 Chapter Summary ...............................................................................................40 CHAPTER FOUR ......................................................................................................41 DATA ANALYSIS, RESULTS AND DISCUSSION ..............................................41 4.1 Introduction ........................................................................................................41 4.2 Response Rate ....................................................................................................41 4.3 Demographic Characteristics of Respondents ....................................................42 4.4 Descriptive Statistics ..........................................................................................45 4.5 Regression Analysis ...........................................................................................49 CHAPTER FIVE .......................................................................................................55 SUMMARY, CONCLUSION AND RECOMMENDATION ................................55 5.1 Introduction ........................................................................................................55 5.2 Summary of Findings .........................................................................................55 5.3 Conclusion ..........................................................................................................56 5.4 Recommendations ..............................................................................................57 5.5 Suggestion for Further Study .............................................................................58 REFERENCES ...........................................................................................................59 APPENDICES ............................................................................................................66 Appendix I: Introduction Letter ...............................................................................66 Appendix II: Questionnaires ....................................................................................67 Appendix III: Informed Consent Form ....................................................................72 vi LIST OF TABLES Page Table 2.1 Summary of Research Gaps….…..……………………………………….28 Table 2.2 Operationalization of Variables…..……………………………………….30 Table 3.1 Target Population...…………...…………………………………………..33 Table 3.2 Table of Models .......................................................................................... 37 Table 4.1 Response Rate ............................................................................................. 41 Table 4.3 Education Level of Respondents ................................................................. 44 Table 4.4 Leadership Styles ........................................................................................ 46 Table 4.5 Financial Management ................................................................................ 47 Table 4.6 Fan Behavior ............................................................................................... 48 Table 4.7 Performance of Premier League Football Clubs ......................................... 49 Table 4.8 Model Summary for Leadership Styles....................................................... 50 Table 4.9 ANOVA for Leadership Styles ..................................................................

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