Introduction

Tauringana, Venancio; Mangena, Musa

doi:10.1108/s1479-3563(2012)000012a004

Cited by 2 publications

(3 citation statements)

References 13 publications

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“…As argued by Tauringana and Mangena (2012), there are strong reasons to suspect that findings from developed and other emerging countries may not apply in Africa due to contextual factors. In particular, the regulatory frameworks are weak.…”

Section: Introductionmentioning

confidence: 99%

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

Waweru

Mangena

Riro

2019

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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.

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Section: Introductionmentioning

confidence: 99%

“…Furthermore, internet connectivity in Africa is slow and expensive compared to other countries (Tauringana and Mangena, 2012). ITU (2013) shows that Sub-Saharan Africa, in particular, has the slowest and most expensive internet in the world.…”

Section: Introductionmentioning

confidence: 99%

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

Waweru

Mangena

Riro

2019

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“…The preceding discussion motivated us to examine CG practices and analyse their relationship with EM in an East African environment. Tauringana and Mangena (2012) discussed a number of reasons why findings from other contexts may not apply in Africa, including low stages of economic development, corrupt practices and political interference in corporate affairs. Furthermore, unlike developed markets of the USA and Europe, which have highly dispersed shareholding (Allen, 2005), ownership of companies listed in the East African markets is highly concentrated (Waweru, 2014).…”

Section: Introductionmentioning

confidence: 99%

Corporate governance compliance and accrual earnings management in eastern Africa

Waweru

Ntui

2018

MAJ

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Purpose The purpose of this paper is to examine whether compliance with corporate governance (CG) requirements has constrained earnings management (EM) for companies listed in Kenya and Tanzania. Design/methodology/approach The sample comprises of 48 companies listed on the Nairobi Stock Exchange and the Dar es Salaam Stock Exchange. The data are collected from annual reports over the period 2005-2014, a total of 480 firm-year observations. Panel data models are used in the analyses. Findings The results show that discretionary accruals (DAs) average about 11.3 per cent, whereas audit quality is negatively and significantly related to DAs. However, board independence, board gender diversity and director share ownership were positively and significantly related to DAs suggesting that CG may not have constrained EM in eastern Africa. Research limitations/implications The findings should be understood within the context that only annual reports and audited financial statements that were filed with Capital Markets Authority (Kenya) and Capital Markets and Securities Authority (Tanzania) are used as source of information. Originality/value The study potentially contributes in three main ways. First, this is the first cross-country analysis that has examined the effect of CG structures on EM in an African context. Second, literature on CG and EM has been extended. Finally, the authors have extended research by observing the limitations of CG in reducing EM in an environment that is experiencing weaknesses in CG structures.

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Introduction

Cited by 2 publications

References 13 publications

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

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

Corporate governance compliance and accrual earnings management in eastern Africa

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