COMPANY ATTRIBUTES AND NON-FINANCIAL INFORMATION DISCLOSURE OF LISTED CONSUMER AND INDUSTRIAL GOODS COMPANIES IN NIGERIA (2012-2017)

SOURCE:

Faculty: Management Sciences
Department: Accountancy

CONTRIBUTORS:

Eneh, O. M.
Okoye, E. C.

ABSTRACT:

The study examined company attributes and Non-financial disclosure of consumer and industrial goods companies in Nigeria. The aim of the study is to determine the joint prediction of ROA, board size, GPM, Industry type, Firm size and leverage on Non-financial information disclosure. The objective of the study was achieved by empirically providing answers to some research questions raised and hypothesis formulated. The study adopted the ex-post research design and employed both inferential and descriptive statistical techniques. The binomial logistic regression was used to analyze the effect of the independent variable on non-financial information disclosure proxies. Diagnostic test such as Hosmer and Lemeshow test was used to address some basic underlying binomial logistic regression analysis assumption. Furthermore, odds ratio was computed to determine the likelihood of Firm characteristics variables to influence non- financial information disclosure. The results showed that board size, industry type and ownership structure do not significantly explain non-financial information disclosure whereas, ROA can significantly explain environmental information disclosure. GPM and board size explained intellectual capital disclosure but the results show an insignificant relationship for firm size and industry type. Furthermore, leverage and Industry type showed mixed results in explaining Risk management information disclosure. Firm size and ROA also showed mixed results in explaining economic disclosure. Finally, leverage and ROA also showed mixed results in explaining corporate Governance disclosure on economic disclosure and firm and ROA on corporate governance disclosure significantly. The study therefore recommends that financial Reporting Council should improve on disclosure requirements for companies in Nigeria as it would help companies to disclose more Non- financial information to boost investors’ confidence.