Influence of Firm Characteristics on the Impact of Disclosure and Transparency in the Performance of Companies Listed in Nairobi Securities Exchange
Journal Title: International Journal of Scientific Research and Management - Year 2017, Vol 5, Issue 9
Abstract
The performance of companies listed in the Nairobi Securiti es Exchange (NSE) has come under intense scrutiny after a general decline in market share prices of a number of firms between the years 2011 – 2015 due to poor corporate governance practices. This study examined the relationship between disclosure & transpar ency and performance of listed companies at NSE with firm’s characteristics as the moderating variable. The study was anchored on Agency theory and Signaling theory. The study adopted both descriptive and correlational research designs on all 60 companies listed in Nairobi Securities Exchange during the period 2011 - 2015. Primary data was collected from companies CEOs or their representatives whereas secondary data was obtained from the Capital Markets Authority and NSE. Descriptive statistics (mean and stan dard deviation) and inferential statistics (Pearson correlation and multiple regression) were used to analyze the data. Findings showed a significant relationship between disclosure & transparency and performance of firms listed at the NSE and that firm’s characteristics had a moderating effect on the relationship between disclosure and transparency and firm performance. Moderation was supported, since the calculated p value of the interaction was 0.000<0.05, the null hypothesis was rejected, hence firm’s c haracteristics variable has significant moderating effect on relationship between disclosure & transparency and performance of firms listed at the Nairobi Securities Exchange .
Authors and Affiliations
Edward Kandiru Maina
Keywords
Related Articles
- EP ID EP314349
- DOI -
- Views 111
- Downloads 0
A Study On The Impact Of The Working Capital Management On The Profitability Of The Leading Listed Automobile Companies In India (2006 - 2012) .
India’s strategic objective for the manufacturing sector in the next 15 years should be to bring about quantitative and qualitative change through a set of policies and plans. Therefore, the cost associated with the stra...
Scalable Learning Of Collective Behaviour
I n a multimode consists of heterogeneous types of actors among which various types of interactions between them In a multimode, both actor membership and interactions evolve, which causes a prob...
Study Of WSNs : Its Application and Types
Recent ye ars have witnessed the power of WSNs as a most secure network communication medium . Among that a wide varieties of sensor networks and their varia nts have found their application and uses....
Assessment of Some Potentially Toxic Inorganic Contaminants in Soil of the Obi Coalfield, Middle Benue Trough, Nigeria
The study area has occurrences of coal, limestone and sulphide minerals, with ubiquitous artisanal mining activities. This research assesses heavy metal accumulation in soil of the area, using pollution indices such as...
Real - Time Monito ring Framework for Parallel Processes
This paper describes the development of a Real - Time monitoring framework for parallel processes. There are various parallelism techniques in parallel execution of processes such as Bit - Level parallelism, I...