Determinants of corporate governance internet reporting; empirical evidence from Tanzania

Entities throughout the world and particularly in Tanzania are facing a profusion of legislative issues with respect to their organizational compliance with corporate governance. The critical analysis revealed that many studies for internet reporting have concentrated in US and UK countries, leaving a considerable gap in developing counties; particularly in Tanzania where none has been done. This paper explores the potential factors that affect the level of corporate governance internet reporting in Tanzania. A sample of 15 companies was selected from Dar Es Salaam Stock Exchange (DSE). The content analysis method was employed using multiple regressions with Durbin-Watson statistics to examine the relationships. The disclosure index was constructed using information cited on the websites of the companies listed with DSE in Tanzania. The empirical evidence revealed that for the chosen sample; the proportional composition of NEDs in the board of directors, liquidity, firm size and leverage are significantly and positively associated with the level of corporate internet reporting. The rest of the variables had miscellaneous findings.