skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Corporate governance and the timeliness of audited financial statements: The case of Kenyan listed firms

Journal of accounting in emerging economies, 2019-11, Vol.9 (4), p.473-501 [Peer Reviewed Journal]

Emerald Publishing Limited 2019 ;ISSN: 2042-1168 ;EISSN: 2042-1176 ;DOI: 10.1108/JAEE-05-2018-0053

Full text available

Citations Cited by
  • Title:
    Corporate governance and the timeliness of audited financial statements: The case of Kenyan listed firms
  • Author: Mathuva, David Mutua ; Tauringana, Venancio ; Owino, Fredrick J. Otieno
  • Subjects: Annual reports ; Audit committees ; Audited financial statements ; Capital markets ; Corporate governance ; Developing countries ; Efficiency ; Influence ; LDCs ; Stock exchanges ; Validation studies
  • Is Part Of: Journal of accounting in emerging economies, 2019-11, Vol.9 (4), p.473-501
  • Description: Purpose The nature of corporate governance (CG) mechanisms in an entity may influence the timeliness of the audited annual report. The purpose of this paper is to argue that the “quality” of CG in a firm has a significant association with the time it takes the audited annual report and financial statements to be released. Design/methodology/approach Using a set of 543 firm-year observations over the period 2007–2016, the authors examine whether a validated CG-Index is associated with audit report delay (ARD). The authors employ both granular as well as aggregated approaches to the analyses. In addition, the authors include control variables known to have an association with ARD in the panel data regressions. Findings The findings, which are robust for self-selection among other checks, reveal that financial expertise in the audit committee, board size, board meetings and independence in the board are associated with longer ARDs. Some CG attributes such as board diversity (i.e. women and different nationalities in the board) are associated with improved timeliness of the annual reports. The results also reveal that a longer tenure for independent directors in the board is associated with a shorter ARD. Overall, the authors find that the composite CG score has a positive influence on the timeliness of annual reports. Research limitations/implications The study focuses on listed companies in one developing country. Additional studies focusing on other jurisdictions could yield more results. Practical implications The study is useful in highlighting those CG characteristics firms should focus on toward the attainment of timely corporate reporting to aid in decision making by users. Originality/value The study is unique since it emphasizes the importance of focusing on an aggregate CG-Index, and the contribution of the CG-Index toward the timeliness of annual reports.
  • Publisher: Bingley: Emerald Group Publishing Limited
  • Language: English
  • Identifier: ISSN: 2042-1168
    EISSN: 2042-1176
    DOI: 10.1108/JAEE-05-2018-0053
  • Source: ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait