Corporate internet reporting practices by companies listed on the Nairobi stock exchange
Kang'otole, Johnstone Kimanzi
Waweru, Nelson (Dr.)
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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 Exchange (NSE) and explore the benefits and limitations of CIR as faced by the companies listed on the NSE. The sample of this study comprised the 30 listed companies that had accessible websites and responded to the study questionnaire. This study analysed the contents of all the 30 companies‟ websites to ascertain the nature and extent of current internet reporting practices by the companies listed on the NSE. Data for this study was collected in two stages. First the information disclosed by companies on their websites was checked against a disclosure index. The second stage was via a self-administered questionnaire sent to the companies with accessible websites. The questionnaires were administered in June 2011. The resulting data was then analysed and the results presented in charts and figures. The results obtained led to the conclusion that profitability, industry competition; growth rate and corporate size were the important factors influencing CIR by the listed companies on the NSE. The result of this study makes the following contribution to the knowledge of CIR on the NSE. Firstly, this study will be of help to the listed companies by aiding them in establishing better online reporting practices especially in this era of unprecedented internet revolution in Kenya. Secondly other companies in different industries will be able to tap the knowledge from this study to build into the reporting practices they are currently using. Further, the results of this study might be useful to the standardising or regulating bodies in Kenya in formulating policies to govern and guide online disclosure for all companies listed on the stock exchange market. Finally, the study results will act as a guide to stimulate further research on CIR or into other related subject matter.
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