Influence of Firm Characteristics on the Impact of Disclosure and Transparency in the Performance of Companies Listed in Nairobi Securities Exchange

Maina, Edward Kandiru; Gachunga, Hazel; Muturi, Willy; Ogutu, Martin

doi:10.18535/ijsrm/v5i9.09

Cited by 6 publications

(8 citation statements)

References 25 publications

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“…For example, Ghani et al (2016) observed that information disclosure (risk management and operational information) is positively associated with financial performance in Malaysian publicly traded companies. This finding was comparable to that of Maina et al (2017), who found a significant association between information disclosure and the performance of Kenya's listed companies. Nevertheless, it was found in the study by Che Hat et al (2008) that the relationship between corporate governance and firm performance is not mediated by disclosure.…”

Section: Introductionsupporting

confidence: 82%

“…Consensus findings indicated that good corporate governance could boost firm value and attract investors to stock markets. Indeed, the purpose of establishing Corporate Governance Codes in various countries is to address the information asymmetry issue between businesses and investors (Han et al 2014;Maina et al 2017). However, empirical research concerning board governance influences the relationship between information disclosure and firm performance is limited.…”

Section: Introductionmentioning

confidence: 99%

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Exploring the Interaction Effects of Board Meetings on Information Disclosure and Financial Performance in Public Listed Companies

Yakob

Hasan

2021

Economies

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The board of directors’ role is paramount in businesses because it reflects the organisation’s ability to earn investor confidence and improve financial performance. This paper aims to examine the relationship between environmental and social (ES) information disclosure and firm financial performance and the interaction effects of board meetings on the relationship between ES and firm performance in Malaysian publicly traded firms from 2013 to 2017. This article contributes to the theoretical foundations of the agency theory as it relates to the corporate governance function. The agency theory framework is used to capture the inherent interrelationships between the board of directors and firm performance. The study’s findings indicate that a firm’s relationship between ES and financial performance, measured by Tobin Q and return on equity, may be significantly affected by board meetings.

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Section: Introductionsupporting

confidence: 82%

Section: Introductionmentioning

confidence: 99%

Exploring the Interaction Effects of Board Meetings on Information Disclosure and Financial Performance in Public Listed Companies

Yakob

Hasan

2021

Economies

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“…According to Maina et al (2017), advisory committees that have less than three members have a greater risk of failing. Within its 10 suggestions on the AC, the Akhtaruddin and Haron (2010) organization said that an effective AC of publicly listed companies should consist of at least three directors.…”

Section: A the Impact Of Audit Committee Size On Quality Of Financial...mentioning

confidence: 99%

Influence of the Audit Committee on the Quality of Financial Reports in Lebanese Private Sector

Jabak¹

2022

EJBMR

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In recent years, the global economy has been going through a severe downturn, which has led to the failure of several banks and corporations as well as a wide range of other financial problems. During those difficult times, its financial reports received a great deal of attention in many nations. The greatest worry was over the quality of such reports as well as the volume of their reporting and to what extent do they impact the worth of a particular firm or organization. The reporting of financial information has a significant impact, not only on the global financial markets but also on the financial information of firms. This is where the audit committee comes in; it is the body that is responsible for the reporting of financial information. The data will be gathered during the distribution of the survey via the use of google forms with a sample size of three hundred and fifty respondents for the purpose of data collection. For the sake of statistical analysis and the validation of hypotheses, the data that was obtained will be evaluated using google forms. It was determined in this study how many different features of AC impact financial reporting made by Lebanon-based firms. A survey was administered to 350 people as part of this study in order to gather data. Statistical software was used to examine the relationship between the independent variables (size, experience, and independence of the AC) and their dependent variable (quality of financial reports of companies) on the one hand.

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“…Because of the capitalserious nature of the assembling area, firms are required to decide their ideal capital blend so as to acknowledge gains from their speculations. In this way, fabricating firms have an increasingly visit and higher need of raising capital, this is because of the way that the general credit to the assembling division expanded from Kshs 237,422 million out of 2014 to Kshs 290,069 million of every 2015 (Maina & Omwenga, 2017). In any case, the assembling segment in Kenya has been enlisting a relentless decrease in gainfulness.…”

Section: Statement Of the Problemmentioning

confidence: 99%

Influence of Financial Leverage and Liquidity on Financial Performance of Manufacturing Firms Listed at the Nairobi Securities Exchange

SHIMENGA,

MIROGA (Ph.D)

2019

strategicjournals.com

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This study sought to investigate the influence of financial leverage and liquidity on financial performance of manufacturing firms listed at the Nairobi Securities Exchange. To accomplish this objective, the study adopted a descriptive research design and targeted 10 manufacturing firms listed at the Nairobi Securities Exchanges as at 31st December 2016 from where the study used a census method to randomly pick all the 95 respondents to participate in the study. The study used structured questionnaires to collect primary data; content validity was used to check validity while Cronbach alpha was used to check reliability of research instruments. Data analysis was computed by SPSS 24, where descriptive statistics (frequencies, percentages, means, standard deviations) and inferential statistics (correlations, linear and multiple regressions) were generated. A total of 87 out 95 respondents returned completely filled questionnaires representing a response rate of 91.6% which is good for generalizability of study findings to a wider population. The study findings revealed that all predictor variables (financial leverage and liquidity) significantly influenced financial performance of manufacturing firms listed on NSE. The study concluded that one; financial leveraging positively influences financial performance of manufacturing firms, thus, manufacturing firms with effective financial leveraging mechanisms can realize an increase in their profitability and two; liquidity is a significant predictor of financial performance of manufacturing firms, thus, a manufacturing firm with efficient cash flow management can sustain profitability in subsequent years. The study recommended that one; financial managers of manufacturing firms should embrace feasible financial leveraging strategies that can boost firm profitability; and,there should be effective and timely monitoring of manufacturing firm's liquidity position to avoid insolvency risks. A longitudinal study can be done using time series data of manufacturing firm's profitability so as to compare results.

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Influence of Firm Characteristics on the Impact of Disclosure and Transparency in the Performance of Companies Listed in Nairobi Securities Exchange

Cited by 6 publications

References 25 publications

Exploring the Interaction Effects of Board Meetings on Information Disclosure and Financial Performance in Public Listed Companies

Exploring the Interaction Effects of Board Meetings on Information Disclosure and Financial Performance in Public Listed Companies

Influence of the Audit Committee on the Quality of Financial Reports in Lebanese Private Sector

Influence of Financial Leverage and Liquidity on Financial Performance of Manufacturing Firms Listed at the Nairobi Securities Exchange

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