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Abstract:
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This study which was exploratory in nature aimed to examine the
extent to which firms listed on the Nairobi Securities Exchange disclosure
social responsibility information and also to determine company and
corporate governance variables that influence the Corporate Social
Disclosures (CSD) practice in Kenya. Data on the disclosure index and
company characteristics were obtained from the annual reports of the
respective companies. A relationship between the disclosure index and the
various company characteristics was determined. It was found that size,
profitability, liquidity, industry in which a company operates have a positive
influence on the level of CSD. In addition, a company that a dispersed
ownership disclosed more information than a company with concentrated
ownership. Gearing and country of origin were found to have no influence
on the level of CSD. |