Effect of Corporate Disclosures on the Financial Performance of Commercial Banks Listed In Nairobi Securities Exchange
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 10
Abstract
The banking sector is featured and prioritized as one of the six key drivers of economic growth in Kenya’s Vision 2030. However in the recent past the banking sector has faced financial distress as the turbulent economic period led mid-sized banks fall into receivership; this generated doubt over the quality of earning, reliability of information and credibility of the banks. Moreover an emerging pattern suggests existence of systemic challenges in the sector pointing to non-disclosure to the investing public. Significance: The study will help the policy makers in the banking industry to formulating effective and implementable policies. This study will be used by managers in the banking industry to promote effective and efficient corporate disclosure systems thus creating a competitive advantage over other plays in the industry. Scope of the Study: The researcher adopted Correlation research for commercial banks in Kenya. The study was limited to listed banks at the Nairobi Securities exchange. The study focused on liquidity disclosure, dividend disclosure and capital disclosure and its effects on performance of commercial banks in Kenya. Findings: The study found that liquidity disclosure significantly influences banks’ performance at p < 0.05 and R 2 = 0.07. The study also found that dividend disclosure affects financial performance of commercial banks positively and significantly p < 0.05 and R2 = 0.203. While capital disclosure affects financial performance of banks positively and significant at p < 0.05 and R2 = 0.123.
Authors and Affiliations
Agnes Kisembe, Professor Willy Muturi
Keywords
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- EP ID EP413061
- DOI 10.9790/487X-2010040816.
- Views 89
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