Title: Quality of corporate reporting: case studies from an emerging capital market

Authors: George K. Riro; Nelson M. Waweru; Enrico O. Uliana

Addresses: Department of Accounting, Dedan Kimathi University of Technology, P.O. Box 657, 10100, Nyeri, Kenya ' School of Administrative Studies, York University, 4700 Keele Street, Toronto, ON, M3J 1P3, Canada ' Department of Finance and Taxation, University of Cape Town, Private Bag X3, Rondebosch 7701, South Africa

Abstract: The main objective of this study was to establish the quality of information reported by Kenyan listed companies from a financial analyst's perspective. In addition the study sought to investigate the main sources of information for financial analysts, whether a reporting gap existed and challenges encountered by financial analysts when seeking information. The research design used multiple case studies to investigate the analysts' perceptions while face-to-face interviews and questionnaires were used in data collection. This study concluded that the quality of information reported by Kenyan listed companies is high, and a reporting gap existed. Furthermore, that information reported was considered to be more comparable was attributed to the adoption of the International Financial Reporting Standards (IFRS). This study is significant to investors who rely on accounting information to make investment decisions.

Keywords: financial analysts; reporting quality; reporting gap; emerging markets; Kenya; capital markets; corporate reporting; case studies; International Financial Reporting Standards; IFRS adoption.

DOI: 10.1504/AAJFA.2016.074542

Afro-Asian Journal of Finance and Accounting, 2016 Vol.6 No.1, pp.31 - 52

Received: 07 Aug 2014
Accepted: 11 Feb 2015

Published online: 02 Feb 2016 *

Full-text access for editors Access for subscribers Purchase this article Comment on this article