Effect of Corporate Disclosures on Market Returns of Commercial Banks Listed at the Nairobi Securities Exchange

Mercy Moraa Nyakundi; Dr. Oluoch Oluoch

Effect of Corporate Disclosures on Market Returns of Commercial Banks Listed at the Nairobi Securities Exchange

Mercy Moraa Nyakundi * §

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Dr. Oluoch Oluoch

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Jomo Kenyatta University of Agriculture and Technology

Effect of Corporate Disclosures on Market Returns of Commercial Banks Listed at the Nairobi Securities Exchange

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Abstract

This study aimed to assess the effect of corporate disclosures on market returns of commercial banks at Nairobi security exchange (NSE). Specific objectives were to assess the effect of environmental disclosures, social responsibility disclosures. The study adopted the institutional theory, market efficient theory and agency theory to support the literature review on corporate disclosures in looking at banks income statement, statement of financial position and additional notes to establish its profitability, liquidity over time frame annual reports. This study adopted descriptive research design. The study targeted 11 commercial banks. Secondary data was collected using data collection schedule. Data was analyzed using descriptive and inferential statistics, a multiple linear regression model was used to establish the relationship between variables. The study was of great importance to theory of development and literature for investors, shareholders, managers and law makers in making knowledgeable decisions and regulations considering the financing patterns and strategies of financial stability in Kenya, based on findings, recommendation and suggestions to further the study. The correlation analysis was used in this study and regression model to establish the effect between corporate disclosure and market returns of commercial banks.

References

22 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Mercy Moraa Nyakundi, Dr. Oluoch Oluoch. 2019. "Effect of Corporate Disclosures on Market Returns of Commercial Banks Listed at the Nairobi Securities Exchange". Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C6).

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GJMBR Volume 19 Issue C6

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: E50

Submission ReceivedDecember 8, 2018
Peer Review Double Blind
Handling Editor
Accepted January 3, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

October 17, 2019

Language

English

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Article Matrices

Total Score: 154

Country: Kenya

Subject: Global Journal of Management and Business Research

Authors: Mercy Moraa Nyakundi, Dr. Oluoch Oluoch (PhD/Dr. count: 1)

View Count (all-time): 298

Total Views (Real + Logic): 964

Total Downloads (simulated): 44

Publish Date: 2019 01, Tue

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Total Views: 964

Total Downloads: 44

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