Abstract:
The main objective of this study was to establish the quality of
information reported by Kenyan listed companies from a financial analyst’s
perspective. In addition the study sought to investigate the main sources of
information for financial analysts, whether a reporting gap existed and
challenges encountered by financial analysts when seeking information. The
research design used multiple case studies to investigate the analysts’
perceptions while face-to-face interviews and questionnaires were used in data
collection. This study concluded that the quality of information reported by
Kenyan listed companies is high, and a reporting gap existed. Furthermore, that
information reported was considered to be more comparable was attributed to
the adoption of the International Financial Reporting Standards (IFRS). This
study is significant to investors who rely on accounting information to make
investment decisions.
