Current reporting and relationship with integrated reporting for listed companies in Kenya : disclosure levels and company factors
Injeni, Geoffrey Ikavulu
McFie, James Boyd
MetadataShow full item record
This study draws on agency, stakeholder and legitimacy theories, to analyze the extent to which ‘integrated reporting’ information is currently being disclosed by Kenyan listed companies and to investigate the firm-level factors associated with the disclosures relying on content analysis procedures to assess the level of disclosure of integrated reporting information in the annual reports (2010-2016) of 50 companies listed on the Nairobi Securities Exchange (NSE) as well as unbalanced panel data econometric models to establish the association between the integrated reporting disclosures and firm-level factors (including corporate governance and sustainability reporting). The study finds that as of 2016, the formal adoption of integrated reporting was very low at the rate of only 14% (i.e., 7 out of the 50 companies). Nonetheless, disclosure levels for information required as per the integrated reporting framework have increased from 59% in 2010 to 72% in 2016. Disclosures are mainly for organizational overview, strategies, governance, risk and performance. Stakeholder engagement, business model, future challenges and outlook are the notable areas of non-compliance. Findings also show that large companies are likely to adopt integrated reporting due to their high levels of disclosures, while the nature of sectors, like banks, is also likely to influence the adoption of integrated reporting. Although integrated reporting is positively correlated to both financial and non-financial information (with high significance for both sustainability reporting and corporate governance reporting), sustainability reporting is still a challenge for companies. Given the dearth of contemporary evidence establishing if/how companies in emerging markets are adopting the integrated reporting framework, the paper's findings are important for regulators and policymakers to establish the challenges of providing additional information in such contexts, e.g., sustainability reports.
Showing items related by title, author, creator and subject.
Impact assessment on training of religious leaders against HIV and AIDS related stigma, denial and descrimination Opiyo, Cavin OtienoDespite major strides in the Kenya’s National HIV and AIDS response since the 1980s, the HIV and AIDS pandemic remains a major public health challenge. HIV and AIDS related stigma is a major obstacle that limits the effective ...
Kang'otole, Johnstone Kimanzi; Waweru, Nelson (Dr.)This study‟s main objectives are to establish the current internet reporting practices, ascertain the factors perceived to be influencing Corporate Internet Reporting (CIR) by the companies quoted on the Nairobi Stock ...
The influence of stakeholder identification on the quality of corporate environmental reporting in Kenya Wangombe, DavidThis study aimed at establishing the stakeholders that managers consider in the CER practices as well as the association between the quality of CER and stakeholder identification. The purpose is to find out if there is ...