Skip to main content
SpringerLink
Log in

Corporate Governance and the Timeliness of Financial Reporting: A Case Study of Kenya

  • Chapter
Corporate Governance in Developing Economies

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
eBook
USD 16.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Accounting Principles Board. (1970). Basic concepts and accounting principles underlying financial statements of business enterprises – statement no. 4. New York: American Institute of Certified Public Accountants.

    Google Scholar 

  • Annaert, J., DeCeuster, M. J. K., Polfliet, R., & Campenhout, G. V. (2002). To be or not be … ‘too late’: The case of the Belgian semi-annual earnings announcements. Journal of Business Finance & Accounting, 29(3 & 4), 477–495.

    Article  Google Scholar 

  • Ashbaugh, H., Johnstone, K. M., & Warfield, T. D. (1999). Corporate reporting on the internet. Accounting Horizons, 13(3), 241–257.

    Article  Google Scholar 

  • Ashton, R. H., Graul, P. R., & Newton, J. D. (1989). Audit delay and the timeliness of corporate reporting. Contemporary Accounting Research, 5}(2), 657–673.

    Google Scholar 

  • Atiase, R. K., Bamber, L. S., & Tse, S. (1989). Timeliness of financial reporting, the firm size effect, and stock price reactions to annual earnings announcements. Contemporary Accounting {\it Research, 5 (2), 526–552.

    Article  Google Scholar 

  • Ball, R., Kothari, S. P., & Robin, A. (2000). The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics, 29(1), 1–51.

    Article  Google Scholar 

  • Ball, R., & Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6, 159–178.

    Article  Google Scholar 

  • Basu, S. (1997). The conservatism principle and the asymmetric timeliness f earnings. Journal of Accounting & Economics, 24, 3–37.

    Article  Google Scholar 

  • Bates, R.J. (1968). Discussion of the information content of annual earnings announcements. Journal of Accounting Research, 6(Supp.), 93–95.

    Article  Google Scholar 

  • Beaver, W. H. (1968). The information content of annual earnings announcements. Journal of Accounting Research, 6 (Supp), 67–92.

    Article  Google Scholar 

  • Blanchet, J. (2002). Global standards offer opportunity. Financial Executive(March/April), 28–30.

    Google Scholar 

  • Brown, P., & Kennelly, J. W. (1972). The information content of quarterly earnings: An extension and some further evidence. Journal of Business, 45}, 403–415.

    Article  Google Scholar 

  • Chai, M. L., & Tung, S. (2002). The effect of earnings-announcement timing on earnings management. Journal of Business Finance & Accounting, 29 (9 & 10), 1337–1354.

    Article  Google Scholar 

  • Chambers, A. E., & Penman, S. H. (1984). Timeliness of reporting and the stock price reaction to earnings announcements. Journal of Accounting Research, 22 (1), 21–47.

    Article  Google Scholar 

  • Davies, B., & Whittred, G. P. (1980). The association between selected corporate attributes and timeliness in corporate reporting: Further analysis. Abacus, 16 (1), 48–60.

    Article  Google Scholar 

  • DeCeuster, M., & Trappers, D. (1993). Determinants of the timeliness of belgian financial statements. Working Paper, University of Antwerp, cited in Annaert et al, 2002.

    Google Scholar 

  • Demos, T.. (2006, February 6). The Russia 50: The country’s largest public companies. Fortune 153(2), 70–71.

    Google Scholar 

  • Dwyer, P. D. & Wilson, E. R. (1989). An empirical investigation of factors affecting the timeliness of reporting by municipalities. Journal of Accounting and Public Policy, 8(1), 29–55.

    Article  Google Scholar 

  • Financial Accounting Standards Board. (1980). Statement of financial accounting concepts no. 2, qualitative characteristics of accounting information.Stamford, CT: Author.

    Google Scholar 

  • Gigler, F. B., & Hemmer, T. (2001). Conservatism, optimal disclosure policy, and the timeliness of financial reports. The Accounting Review, 76(4), 471–493.

    Article  Google Scholar 

  • Givoli, D., & Palmon, D. (1982). Timeliness of annual earnings announcements: Some empirical evidence. The Accounting Review, 57}(3), 486–508.

    Google Scholar 

  • Han, J. C. Y., & Wang, S.-W. (1998). Political co sts and earnings management of oil companies during the 1990 Persian Gulf crises. The Accounting Review, 73, 103–117.

    Google Scholar 

  • Han, J. C. Y., & Wild, J. J. (1997). Timeliness of reporting and earnings information transfers. Journal of Business Finance & Accounting, 24 (3&4), 527–540.

    Article  Google Scholar 

  • Haw, I.-M., Qi, D., & Wu, W. (2000). Timeliness of annual report releases and market reaction to earnings announcements in an emerging capital market: The case of China. Journal of International Financial Management and Accounting, 11(2), 108–131.

    Article  Google Scholar 

  • Hendriksen, E. S., & van Breda, M. F. (1992). Accounting theory (5th ed.). Burr Ridge, IL: Irwin. Hoover’s Most Viewed Company Directory by Country Retrieved from www.hoovers.com/free/ mvc/country.xhtml

  • Jindrichovska, I., & Mcleay, S. (2005). Accounting for good news and accounting for bad news: Some empirical evidence from the Czech Republic. European Accounting Review, 14(3), 635–655.

    Article  Google Scholar 

  • Keller, S. B. (1986). Reporting timeliness in the presence of subject to audit qualifications. Journal of Business Finance & Accounting, 13(1), 117–124.

    Article  Google Scholar 

  • Kenley, W. J., & Staubus, G. J. (1974). Objectives and concepts of financial statements. Accounting Review, 49(4), 888–889.

    Google Scholar 

  • Krishnan, G. V. (2005). The association between big 6 auditor industry expertise and the asymmetric timeliness of earnings. Journal of Accounting, Auditing & Finance, 20(3), 209–228.

    Google Scholar 

  • Kross, W., & Schroeder, D.A. (1984). An empirical investigation of the effect of quarterly earnings announcement timing on stock returns. Journal of Accounting Research,22(1), 153–176.

    Article  Google Scholar 

  • Kulzick, R. S. (2004). Sarbanes-Oxley: Effects on financial transparency. S.A.M. Advanced Management Journal, 69(1), 43–49.

    Google Scholar 

  • Lawrence, J. E., & Glover, H. D. (1998). The effect of audit firm mergers on audit delay. Journal of Managerial Issues, 10(2), 151–164.

    Google Scholar 

  • Leventis, S., & Weetman, P. (2004). Timeliness of financial reporting: Applicability of disclosure theories in an emerging capital market. Accounting and Business Research 34(1), 43–56.

    Google Scholar 

  • McGee, R. W. (2006). Timeliness of financial reporting in the energy sector. Russian/CIS Energy & Mining Law Journal, 4(2), 6–10.

    Google Scholar 

  • McGee, R. W. (2007a). Corporate governance in Russia: A case study of timeliness of financial reporting in the telecom industry, International Finance Review, 7, 365–390.

    Google Scholar 

  • McGee, R. W. (2007b). Corporate governance and the timeliness of financial reporting: A case study of the Russian energy sector.Fifth International Conference on Accounting and Finance in Transition. London, July 12–14.

    Google Scholar 

  • McGee, R. W. (2007c). Transparency and disclosure in Russia. In T. M. Mickiewicz (ed.), Corporate governance and finance in Poland and Russia(pp. 278–295). London: Palgrave Macmillan.

    Google Scholar 

  • McGee, R. W. (2008). The timeliness of financial reporting: The Russian oil, gas and power industries. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., & Gunn, R. (2008). The timeliness of financial reporting: A comparative study of Russian and Non-Russian companies in the transportation industry. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., & Igoe, D. N. (2008). Corporate governance and the timeliness of financial reporting: A comparative study of selected EU and transition countries. Proceedings of the 43rd Annual Western Regional Meeting of the American Accounting Association, San Francisco, May 1–3, pp. 74–87. Reprinted in Robert W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., Igoe, D. N., Yuan, X., Tarangelo, T., & Tyler, M. (2008). The timeliness of financial reporting: A comparative study of the People’s Republic of China and the European Union. In R. W. McGee (ed), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., & Preobragenskaya, G. G. (2005). Accounting and financial system reform in a transition economy: A case study of Russia.New York: Springer.

    Google Scholar 

  • McGee, R W., & Preobragenskaya, G. G. (2006). Accounting and financial system reform in Eastern Europe and Asia.New York: Springer.

    Google Scholar 

  • McGee, R. W., & Tarangelo, T. (2008). The timeliness of financial reporting and the Russian banking system: An empirical study. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., Tarangelo, T., & Tyler, M. (2008). The timeliness of financial reporting: A comparative study of companies in Russian and the USA. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., & Tyler, M. (2008). The timeliness of financial reporting: A comparative study of Russian and Non-Russian Companies. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., Tyler, M., Tarangelo, T., {& Igoe, D. N. (2008). The timeliness of financial reporting: A comparative study of companies in Russia and the European Union. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., & Yuan, X. (2008a). Corporate governance and the timeliness of financial reporting: An empirical study of the People’s Republic of China. International Journal of Business, Accounting and Finance, forthcoming.

    Google Scholar 

  • McGee, R. W., & Yuan, X. (2008b). The timeliness of financial reporting: A comparative study of the People’s Republic of China and the USA. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • McGee, R. W., Yuan, X. Tyler, M., & Tarangelo, T. (2008). The timeliness of financial reporting: A comparative study of the People’s republic of China and Russia. In R. W. McGee (ed.), Accounting reform in transition and developing economies.New York: Springer.

    Google Scholar 

  • Organisation for Economic Co-operation and Development. (1998). Global Corporate Governance Principles.Paris: Author.

    Google Scholar 

  • OECD (2004). OECD Principles of Corporate Governance.Paris: Author.

    Google Scholar 

  • Pope, P. F., & Walker, M. (1999). International differences in the timeliness, conservatism, and classification of earnings. Journal of Accounting Research, 37(Supp), 53–87.

    Article  Google Scholar 

  • Prickett, R. (2002). Sweet clarity. Financial Management(September): 18–20.

    Google Scholar 

  • Rees, W. P., & Giner, B.. (2001). On the asymmetric recognition of good and bad news in France, Germany and the UK. Journal of Business Finance & Accounting, 28(9&10), 1285–1332.

    Article  Google Scholar 

  • Soltani, B.. (2002). Timeliness of corporate and audit reports: Some empirical evidence in the French context. The International Journal of Accounting, 37, 215–246.

    Article  Google Scholar 

  • Trueman, B. (1990). Theories of earnings-announcement timing. Journal of Accounting & Economics, 13, 285–301.

    Article  Google Scholar 

  • Whittred, G., & Zimmer, I. (1984). Timeliness of financial reporting and financial distress. The Accounting Review, 59(2), 287–295.

    Google Scholar 

  • Whittred, G.P. (1980). Audit qualification and the timeliness of corporate annual reports. The Accounting Review, 55(4), 563–577.

    Google Scholar 

  • World Bank. (2001). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Republic of Croatia, September.World Bank. Retrieved from www.worldbank.org.

  • World Bank. (2002a). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Bulgaria, September.Washington, DC: World Bank. Retrieved from www.worldbank.org.

  • World Bank. (2002b). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Czech Republic, July.Washington, DC: World Bank. Retrieved from www.worldbank.org.

  • World Bank. (2002c). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Georgia, March.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2002d). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Latvia, December.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2002e). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Republic of Lithuania, July.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2003a). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Hungary, February.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2003b). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Slovak Republic, October.Washington, DC: World Bank. Retrieved from www.worldbank.org.

  • World Bank. (2004a), Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Moldova, May.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2004b). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Romania, April.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2004c). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Slovenia, May.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2005a). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Armenia, April.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2005b). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Azerbaijan, July.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2005c). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Macedonia, June.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2005d). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Poland, June.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2006a). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Bosnia and Herzegovina, June.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

  • World Bank. (2006b). Report on the Observance of Standards and Codes (ROSC), Corporate Governance Country Assessment, Ukraine, October.Washington, DC: World Bank. Retrieved from www.worldbank.org.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. St. Paul’s University, Limuru, Kenya

    Judith Muhoro

  2. Florida International University, Miami, FL, USA

    Robert W. McGee

Authors
  1. Judith Muhoro
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Robert W. McGee
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Florida International University 3000 NE., 151st Street, North MiamiFL 33181, USA

    Robert W. McGee

Rights and permissions

Reprints and permissions

Copyright information

© 2009 Springer Science +Business Media, LLC

About this chapter

Cite this chapter

Muhoro, J., McGee, R.W. (2009). Corporate Governance and the Timeliness of Financial Reporting: A Case Study of Kenya. In: McGee, R.W. (eds) Corporate Governance in Developing Economies. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-84833-4_10

Download citation

Publish with us

Policies and ethics

Search

Navigation