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Corporate governance and corporate internet reporting in sub-Saharan Africa:the case of Kenya and Tanzania

Nelson Waweru (School of Administrative Studies, York University, York, UK)
Musa Mangena (University of Essex, Colchester, Essex, UK)
George Riro (Dedan Kimathi University of Technology, Nyeri, Central, Kenya)

Corporate Governance

ISSN: 1472-0701

Article publication date: 5 August 2019

Abstract

Purpose

This paper aims to investigate corporate internet reporting (CIR) by Kenyan and Tanzanian listed companies and whether the level of CIR is related to corporate governance structures.

Design/methodology/approach

The authors collect data over a four-year period from companies listed on the Nairobi Securities Exchange and the Dar es Salaam Securities Exchange. Panel data models (random effects) are used for the analysis.

Findings

The results indicate that the level of CIR in both countries is high, but the highest in Kenya. The authors find that CIR increases with foreign ownership, audit committee independence and financial expertise but decreases with domestic ownership concentration. They also show that the effects of ownership concentration are moderated by country-specific factors. Overall, the results demonstrate that effective governance structures may lead to higher levels CIR in sub-Saharan Africans.

Originality/value

This study extends, as well as contributes to the existing literature by the examining the corporate governance-disclosure nexus relating to CIR in sub-Saharan Africa. These findings have policy implications for African countries looking to attract foreign investment.

Keywords

Citation

Waweru, N., Mangena, M. and Riro, G. (2019), "Corporate governance and corporate internet reporting in sub-Saharan Africa:the case of Kenya and Tanzania", Corporate Governance, Vol. 19 No. 4, pp. 751-773. https://doi.org/10.1108/CG-12-2018-0365

Publisher

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Emerald Publishing Limited

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