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Book cover: Research in Accounting in Emerging Economies

Research in Accounting in Emerging Economies

ISSN: 1479-3563
Series editor(s): Professor Mathew Tsamenyi and Prof. Shahzad Uddin

Subject Area: Accounting and Finance

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Corporate governance, dual language reporting and the timeliness of annual reports on the Nairobi stock exchange


Document Information:
Title:Corporate governance, dual language reporting and the timeliness of annual reports on the Nairobi stock exchange
Author(s):Venancio Tauringana, Martin Francis Kyeyune, Peter John Opio
Volume:8 Editor(s): Mathew Tsamenyi, Shahzad Uddin ISBN: 978-1-84855-252-4 eISBN: 978-1-84855-253-1
Citation:Venancio Tauringana, Martin Francis Kyeyune, Peter John Opio (2008), Corporate governance, dual language reporting and the timeliness of annual reports on the Nairobi stock exchange, in Mathew Tsamenyi, Shahzad Uddin (ed.) Corporate Governance in Less Developed and Emerging Economies (Research in Accounting in Emerging Economies, Volume 8), Emerald Group Publishing Limited, pp.13-37
DOI:10.1016/S1479-3563(08)08001-8 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Article type:Chapter Item
Abstract:

Conceptual Paper

Purpose of paper – The study investigates the association between corporate governance mechanisms (proportion of finance experts on the audit committee, PFAC; frequency of board meetings, FBMG and proportion of non-executive directors, PNED), dual language reporting (DULR) (in English and Swahili) and timeliness of annual reports (TIME) of companies listed on the Nairobi Stock Exchange (NSE) in Kenya.

Design/methodology/approach – The data for the analysis is gathered from annual reports of 36 companies listed on the NSE for two financial years ending in 2005 and 2006. Ordinary least square (OLS) is used to determine the association between the corporate governance mechanisms, DULR and TIME. Company size (SIZE), gearing (GEAR), profitability (PROF) and industry (INDS) are used as control variables.

Findings – The findings suggest that there is a significant negative relationship between corporate governance mechanisms (PFAC and FBMG), DURL and TIME. Consistent with extant research, the study also found that SIZE and INDS are significantly associated with TIME. No significant association is found between PNED, GEAR, PROF and TIME.

Research limitations/implications – The findings of the research will help Kenyan policy makers and practitioners in formulating corporate governance policies. However our research is limited, among others, because it focuses on only companies listed on the NSE. The results may therefore not be representative of all companies operating in Kenya.

Originality/Value of paper – The value of the paper lies in that the results provide, for the first time, evidence of the relationship between corporate governance mechanisms (PFAC, FBMG and PNED), DURL and timeliness of the annual reports.


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