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| Mandatory Requirements Of Qualitative Information Disclosures On Listed Consumer And Industrial Goods Companies In Nigeria |
ENEH, Onyinye Phd And EHIOGHIREN, Efe Efosa. Phd
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Abstract:
This study examines mandatory requirements of qualitative information disclosures on listed consumer and industrial goods companies in Nigeria. Two research questions and two hypotheses stated in null form (H0) guided the study. The study employs ex-post facto research design for the period of six years 2012 to 2017. The study adopted the use of panel data. The population of the study consist of twenty-one (21) consumer and fourteen (14) industrial goods companies listed on the Nigerian Stock Exchange as at 31st December, 2017. With the aid of Model specification and analysis were carried out and the findings are that leverage (LEV) and industry type (IT) had predicted 10.6% change in the explained variable-corporate governance qualitative information disclosure while that firms' size (FZ) had accounted 9.7% change in socio-environmental qualitative information disclosure. Also, that industry type and leverage had significantly predicted corporate governance qualitative information disclosure of listed consumer goods companies and listed industrial goods companies in Nigeria. And that Industry type and firm size had significantly predicted environmental qualitative information disclosure of listed consumer goods companies and listed industrial goods companies in Nigeria. The study concluded that voluntary disclosure improved confidence in corporate reporting by stakeholders. The study recommended among others that policy makers and regulators should issue corporate governance codes on comply/penalise basis to enhance transparency and disclosure to strengthen voluntary compliance
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