2025, Vol. 6, Issue 2, Part I
Institutional ownership on corporate sustainability disclosure among firms listed in the East Africa community partner states
Author(s): James Kibet kosgei, Lucy Rono and Peter Nderitu Githaiga
Abstract: In response to environmental detriments, the governments are gradually mandating that all corporate entities to embrace social and environmental initiatives and publish these activities in their annual and/or sustainability reports. Hence, this paper sought to assess the effect of institutional ownership on corporate sustainability reporting decision. The study used the fixed effect regression model to analyze data collected from a sample of 56 firms listed on the East Africa Community partner states’ securities/stock Exchange for the years 2012-2022. The study found that firms with higher institutional ownership are more likely to issue sustainability reports. The findings offer critical insights to EAC regulators by pinpointing corporate ownership dimensions necessitating regulatory attention to fulfill the general policy goal of sustainable development. It offers empirical evidence to corporate managers in the EAC and other emerging countries regarding the significant relationship between corporate ownership and sustainability practices. This study enhances the existing knowledge on the factors influencing business sustainability reporting in developing countries.
DOI: 10.22271/27084515.2025.v6.i2i.759
Pages: 847-853 | Views: 327 | Downloads: 51
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How to cite this article:
James Kibet kosgei, Lucy Rono, Peter Nderitu Githaiga. Institutional ownership on corporate sustainability disclosure among firms listed in the East Africa community partner states. Asian J Manage Commerce 2025;6(2):847-853. DOI: 10.22271/27084515.2025.v6.i2i.759
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