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 100
- Downloads 0
A Novel Model for Efficient Communication in 2g/2.5g Or 3g Through Reduced Signalling Overhead
With its great features like providing access to users at anytime and anywhere in the world, mobile communication has been very attractive among the users as well as operators and service providers. However, despite of...
Design and Implementation of Raw Milk Reception Dock System
Agriculture is assured to be the life purpose of the Indian economy along with the animal husbandry. Thus the primary and leading pursuit of farmers has continued to be dairy farming. In last 40 years,...
Study o f Te chniques Used For Segmentation a nd Classification o f Skin Lesion
Skin lesion is the piece of the skin having strange development. The piece of skin seeming diverse then different parts of the skin is by and large falls into the class of skin lesion. The proposed work resea rch the use...
A New Technology for Power Generation Based on Kinetic Energy of the Plasma
The high need of human beings to power sources has always been the main problem in their life. Due to increasing need to energy and limitati ons of fossil sources and nature pollution from burning...
Detection of Conjugate P oints on Pair of Overlapping Image using Epipolar Correlation
Automation of the entire image mapping system is the ultimate goal of current research efforts in imagemetrology. In this paper, author presents the design and implementation of a MATLAB progra...