Abstract: Investors today are more cautious when making decisions on matters investment. They request to be equipped with information for them to be able to make informed decisions on where to put their money. This trait has been attributed to a decline in financial performance and the rising trend of corporate failures both locally and globally. The main objective of the study was to determine the effect of corporate disclosure on financial performance of companies listed on Nairobi Securities Exchange, Kenya. The specific objective that guided the study was to determine the effect of financial disclosure on financial performance of firms listed on Nairobi Securities Exchange. The research adopted a longitudinal research design. The population of the study comprised of all firms listed on the Nairobi Securities exchange. Purposive sampling was used in the research to select the 42 listed companies that had a complete set of data over a six year period (2013-2018).Secondary data was collected using a disclosure check index retrieved from annual financial statements of the listed firms. Data was analysed using descriptive and inferential statistics with the aid of STATA software. Results of the study revealed that financial disclosure had a positive significant effect on financial performance at 5% significance level hence the study recommends that companies should adhere to provisions stipulated by International financial reporting standards in ensuring full disclosure of financial information.
Keywords: Corporate disclosure, financial disclosure, listed firms, financial performance.
Title: EFFECT OF CORPORATE DISCLOSURE ON FINANCIAL PERFORMANCE OF FIRMS LISTED ON NAIROBI SECURITIES EXCHANGE, KENYA
Author: Gidali Frankline, Dr.Alala Ondiek, Dr.Maniagi Musiega
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
