Disclosure Problem In Securities Regulation In Kenya
Abstract
This research was premised on the notion that mandatory disclosure can hinder
growth of securities markets if it is not designed and implemented appropriately.
This research therefore set out to establish how the legal framework providing for
mandatory disclosure can be redesigned, refined and applied suitably with a view
to maximizing benefits of mandatory disclosure.
This study utilized qualitative research methodology to evaluate the successes and
failures associated with the disclosure regime in Kenya. This study also used
comparative methods of inquiry by considering the experiences of the US in
applying the disclosure principle to securities regulation thus providing useful
insights for Kenya in designing a suitable disclosure framework to achieve the
economic objective of growth and development of her securities markets.
The study reveals the shortcomings of Kenya’s disclosure framework and makes
recommendations on how the framework can be improved to promote the
development of the securities markets to meet Kenya’s economic growth
aspirations.
Publisher
University of Nairobi
Subject
Securities Regulation In KenyaRights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
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