Wachira, Muturi(African Journal of Business Management, 2018)
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Abstract:
The main objective of this study was to examine the relationship between risk disclosure and firm
characteristics of companies quoted on the Nairobi Securities Market. The study involved all firms that
were listed on the NSE between years 2010 and 2016, except the financial institutions. Annual reports
were used to determine the variables. A regression analysis was conducted using the random effect
model to determine the relationship between the disclosure index and firms’ characteristics. The results
show that risk disclosure was positively related to gearing level, company size, profitability, and the
industry type. However, it was not found to be related to the liquidity level, ownership and board
composition.