What is it about?

• The study found evidence of both beta convergence and sigma convergence of anti-corruption disclosure among firms. • Multi-stakeholder initiatives, corruption perception, human capital development of countries and multi-national enterprise status drives anti-corruption disclosure. • Firms in countries with high perception of corruption tend to disclosure more anti-corruption indicators which suggests attempts to maintain legitimacy. • Human capital development of African countries is essential to achieving the needed transparency and accountability in the extractive industry.

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Why is it important?

Energy and mining firms are predominantly operating in Africa. They are hotspots for corruption and so companies need to be committed to reducing the occurrence of corruption. Corporate reporting is an essential tool to do this. This study argues through the institutional theory on how global forces, country forces, and firm factors drive the companies to report on corruption.


Anti-corruption strategies are still scanty among energy and mining firms in Africa and they are not disclosing their anti-corruption efforts. The roles of players have yielded some results so far but more disclosures is expected. The C-suite executives need to act NOW.

Mr King Carl Tornam Duho
Dataking Consulting

Read the Original

This page is a summary of: Convergence and determinants of anti-corruption disclosure among extractive firms in Africa, Journal of Financial Crime, August 2020, Emerald, DOI: 10.1108/jfc-06-2020-0109.
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