Reducing Corruption: Are Energy and Mining Firms in Africa Committed to Anti-Corruption Disclosure?

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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Photo by Bill Oxford on Unsplash

Photo by Bill Oxford on Unsplash

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.

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