Board governance quality and risk disclosure compliance among financial institutions in Uganda

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dc.contributor.authorNkuutu, Geofrey
dc.contributor.authorMpeera Ntayi, Joseph
dc.contributor.authorNabeeta Nkote, Isaac
dc.contributor.authorMunene, John
dc.contributor.authorKaberuka, Will
dc.date.accessioned2022-05-25T16:16:41Z
dc.date.available2022-05-25T16:16:41Z
dc.date.issued2020
dc.description.abstractThis paper aims to examine the impact of board governance quality (BGQ) and its mechanisms, namely board activity, board independence, board communication and board expertise, on the level of risk disclosure compliance (RDC) among financial institutions (FIs) in Uganda. Design/methodology/approach – The study adopts a cross-sectional design where data are collected through a questionnaire survey and audited financial statements of 83 FIs. The authors employ partial least square structural equation modeling (SmartPLS32.7) to test hypotheses. Findings – The authors find that the level of RDC in Ugandan FIs is low. Further, the study finds the positive relation between BGQ and RDC. Moreover, the authors find that RDC is positively and significantly related with board activity, board independence, board communication and board expertise. Furthermore, the authors find that the level of RDC is positively and significantly related to ownership type, firmsize and board size, respectively. Nevertheless, industry type, number of branches and firm age are insignificantly related to RDC. Practical implications – The study provides relevant insights into regulators and policy makers with early symptoms of potential problems regarding weak board governance in FIs. Policy makers may also use these findings as a guideline tool for improving existing board governance frameworks in place and development of new disclosure policies. In addition, the study provides an input into the review and amendments of existing corporate governance codes for the regulators. Originality/value – This study offers the empirical evidence on the nexus between BGQ and RDC of FIs in Uganda. Moreover, the study also offers evidence on how BGQ mechanisms impact RDC. The study also further adds theoretical foundations to the RDC literature.en_US
dc.identifier.citationNkuutu, G., Ntayi, J. M., Nkote, I. N., Munene, J., & Kaberuka, W. (2020). Board governance quality and risk disclosure compliance among financial institutions in Uganda. Journal of Asian Business and Economic Studies. DOI 10.1108/JABES-04-2020-0036en_US
dc.identifier.other10.1108/JABES-04-2020-0036
dc.identifier.urihttps://nru.uncst.go.ug/handle/123456789/3348
dc.language.isoenen_US
dc.publisherJournal of Asian Business and Economic Studiesen_US
dc.subjectFinancial institutionsen_US
dc.subjectBoard governance qualityen_US
dc.subjectRisk disclosure complianceen_US
dc.subjectUgandaen_US
dc.subjectAgency theoryen_US
dc.titleBoard governance quality and risk disclosure compliance among financial institutions in Ugandaen_US
dc.typeArticleen_US
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