Determinants of voluntary disclosure practices in the annual reports of savings and credit cooperatives in Kenya (original) (raw)
Related papers
Relationship between Profitability and Voluntary Disclosure: A Case of Banks in Kenya
SSRN Electronic Journal, 2015
The purpose of this article was to examine the relationship between profitability and voluntary disclosure practices in the Kenyan banking sector. To measure the extent of disclosure, an unweighted disclosure index consisting of 40 items was applied. The study employed ordinary least squares technique to analyse the data. On average, voluntary disclosure level of the Kenyan banks was found to be at 62.8%. Results show that profitability, listing status and size of the bank are positively and significantly associated with voluntary disclosure levels. In order to improve the general level of banks disclosure, there is a need for regulatory agencies in Kenya to strengthen compliance to the existing disclosure requirements.
Factors influencing voluntary corporate disclosure by Kenyan companies
Corporate Governance: an …, 2006
There has been considerable research in respect of voluntary disclosure by companies and factors that may explain such disclosure. However, most of the research has been centred in developed countries. This study extends the previous literature by examining voluntary disclosure in a developing country, namely Kenya. Over the last decade, the Kenyan Government has initiated several far-reaching reforms at the Nairobi Stock Exchange (NSE) in order to mobilise domestic savings and attract foreign capital investment. These measures include privatisation of state corporations through the stock exchange and allowing foreign investors to own shares in the listed companies. This study provides a longitudinal examination of voluntary disclosure practices in the annual reports of listed companies in Kenya from 1992 to 2001. The study investigates the extent to which corporate governance attributes, ownership structure and company characteristics influence voluntary disclosure practices.
The aim of the study was to explore Corporate Governance and effective internal control disclosures in SACCO’S with 4 specific objectives; establish how board composition affects internal control disclosures in SACCO’S in Embu County, Kenya, assessing the extent to which management interaction affect internal control disclosures in SACCO’S in Embu County, to determine the relationship between strategic plans and internal control disclosures in Embu County, Kenya and to establish effects of Audit system on internal control disclosures in SACCO’S in Embu County, Kenya.
Cancelation of licenses of cash-strapped savings societies thus barring them from taking deposits from the members has received significant attention from regulator and the members. This study sought to establish the relationship between internal audit function and financial performance of saving and credit cooperatives in Kenya. The study used descriptive research design and the target population for this study was 40 respondents. A sample of 10 Sacco’s was taken that was determined using stratified random sampling technique. The study relied on both primary and secondary data. Primary data was collected using structured questionnaires directed to operation managers, CEO’S, accountants and internal auditors of selected Sacco’s. While the secondary data was gathered from financial statements, library materials, internet search engines and media publications based on availability and accessibility of data. Multiple regression models was used to test whether a relationship existed between internal audit function and financial performance of Sacco’s in Kenya. The findings revealed that internal audit function department efficiency is weak due to its failure to conduct regular audit activities thus failing to produce necessary regular audit reports that guides decision making. The study concluded that there exists difficulty in the execution of controls particularly considering that the audit function is not well extended to most of the Sacco’s which clearly has adversely affected their efficiency as revealed by this study. The study recommends that there should be a deliberate attempt to match small Sacco’s so as to enable them put in place vibrant audit department, be able to carry out market research so as to minimize risks and be able to use effective and efficient internal control systems to tame adverse insider dealings.
Voluntary Disclosure and Financial Performance of Listed Money Deposit Banks (DMB’S) in Nigeria
South Asian Journal of Social Studies and Economics
The study examined the relationship between financial performance and voluntary disclosure of listed deposit money banks in Nigeria. The study made use of an ex-facto research design. The population of the study was the 15 listed DMBs in Nigeria and its sample was 10 banks. It made use of secondary data, which was sourced from the audited annual reports of DMBs. The study made use of panel OLS regression, correlation analysis and descriptive statistics test. The findings show a positive and significant relationship between financial performance and the voluntary disclosure of deposit money banks in Nigeria. This study recommends DMBs not to underestimate the effect of financial performance on voluntary disclosure by ensuring that management work hard enough to faithfully increase their performance levels, as this would serve as a motivation to disclose for information to stakeholders.
Corporate Governance and Voluntary Disclosure: A Study of Listed Deposit Money Banks in Nigeria
2018
The purpose of this study is to examine the relationship between corporate governance and voluntary disclosure. The expectation is that with the introduction of the Malaysian Code on Corporate Governance in 2000, companies would be more aware of the need to have good governance and that good governance would lead to enhanced transparency. Regression analysis was performed on data collected from annual reports for years 2001 and 2006. Consistent with expectation, the extent of voluntary disclosure has increased from 2001 to 2006. The increase was statistically significant at the 5% level. However contrary to expectation, none of the corporate governance variables recommended in the Code was statistically significant.
Research Journal of Finance and Accounting, 2016
Corporate disclosure has been said to be very important as it increases the confidence of both shareholders and potential investors. This has led users of financial information to have intensified expectation for both statutory and voluntary disclosures to meet their needs. Since voluntary disclosures are based on the discretion of management, it is therefore necessary to examine whether corporate governance play a major role in voluntary disclosures. The purpose of this paper was to investigate the relationship between corporate governance and voluntary disclosure of firms listed on the Ghana Stock Exchange. The study investigated 31 firms using dynamic panel data from 2005 to 2015. It was evident that current disclosure is influenced by past disclosure indicating a trend in voluntary disclosure overtime. The study revealed that board compensation, board gender diversity and ownership structure have a statistically significant positive relationship with the level of voluntary discl...
2015
In the last few decades, the problem of voluntary disclosure of financial or non-financial information has been in the attention of many researchers. Shareholders, investors and other stakeholders make their investment and financial decisions on the basis of the information they get from annual reports. These annual reports may contain both mandatory and voluntary information. These voluntary disclosures are done by managers in the spirit of openness and transparency and may contain vital information that may assist all interested parties to make wise decisions. This paper sought out to examine empirically the relationship between voluntary disclosures and financial performance measure, Return on Investment (ROI), of companies quoted at the Nairobi Securities Exchange. Annual reports of 10 listed companies from the NSE 20-share index were investigated from the year 2011-2013. A disclosure checklist consisting of 49 voluntary disclosure items of information was used. A regression ana...