دانلود رایگان مقاله محرکان افشای مالی و اجتماعی توسط پس انداز و تعاونی های اعتباری

Abstract

This study analyses managerial perspectives on the rationaleand drivers of disclosures by deposit-taking savings and credit cooperatives (SACCOs) in a developing economy characterized by the mostvibrant SACCO sector in Africa. The study analyses the views of 106 preparers of SACCO disclosures. Principal Component-Factor analyses and ordinary least squares regression approaches are utilized to establish significant disclosure items and drivers. The findings show that SACCO disclosures are mainly addressed to members and the regulator. SACCOs provide disclosures to comply with regulations as well as build their image. The results reveal that disclosures by SACCOs in Kenya mainly center on mandatory financial aspects, which is followed by voluntary disclosure on strategic aspects, social aspects, governance aspects and environmental conservation in that order. The findings show that disclosures by SACCOs in Kenya are positively influenced by governance. According to the findings, the influence of the disclosure guidelines issued by the professional accounting body in Kenya and financial performance on disclosure seem to be weak.Other significant drivers of disclosure by SACCOs include resources (assets) and licensing.The findings are useful to policy makers in designing anoptimal disclosure policy for SACCOs in a developing country context.

6. Conclusion

The drivers of disclosure by mutual organizations such as SACCOs have received minimal attention by researchers with most studies concentrating on credit unions in more developed economies. Studies such as Hyndman et al. (2004) posit that very little is known regarding the level of disclosure of wider social information by SACCOs. As an extension of disclosure studies in credit unions, this study analyzes managerial perspectives on the users, rationale and drivers of financial and social disclosure practices by SACCOs in Kenya, which is a developing economy characterized by the most vibrant SACCO sector in Africa. The study finds that SACCO members and regulators mainly utilize disclosures by SACCOs. The results seem to suggest that SACCOs in Kenya provide disclosures to comply with regulatory requirements as well as improve their image. The results reveal that majority of disclosures by deposit-taking SACCOs in Kenya focus on mandatory financial aspects whichis at anaverage of 94.5%. This is followedby voluntary disclosure on strategic aspects (59.2%), social aspects (48.8%), governance aspects (37.4%) and environmental conservation (23.6%)in that order. SACCO disclosures in Kenya seem to be driven by regulations, financial performance and governance. Specifically, the results illustrate that disclosures by SACCOs in Kenya are positively influenced by governance. According to the findings, the influence of the guidelines issued by the professional accounting body in Kenya and financial performance on disclosure seem to be weak. Other significant drives of disclosure by SACCOs include resources (assets) and licensing.