Firm Size and Financial Performance: A Determinant of Corporate Governance Disclosure Practices of Nigerian Companies

Foyeke, O. I. and Iyoha, F. O. and Ojeka, Stephen (2015) Firm Size and Financial Performance: A Determinant of Corporate Governance Disclosure Practices of Nigerian Companies. Journal of Accounting and Auditing: Research & Practice.

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Abstract

Corporate governance disclosure is a voluntary requirement for companies in Nigeria. Some companies have disclosed their level of adherence under a separate heading in the published financial reports of the company, while some do not report and some partly disclose their level of adherence. What factors could therefore be responsible for voluntary disclosure of the corporate governance practices Nigerian companies? Is voluntary disclosure as a result of performance or size? This study therefore evaluates the role of financial performance and the size of firms in the voluntary disclosure of Nigerian companies. Using the financial data of 137 companies both from the financial and the non financial sectors in Nigeria, this study uses the weighted logistic regression method of analyses to evaluate the type of relationship that exists between corporate governance disclosure practices of Nigerian companies with company size and financial performance. The study reveals that there is a significant positive relationship between the financial performance of companies and corporate governance disclosure. It also revealed that there is a significant positive relationship between firm size and corporate governance voluntary disclosure. It was therefore recommended that regulators should put in place measures to ensure that all companies operating in Nigeria are mandated to disclose the corporate governance information in a separate section of the annual report, alongside all other information

Item Type:	Article
Uncontrolled Keywords:	Corporate Governance, Voluntary Disclosure, Firm Size, Firm Performance
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	27 Jun 2017 07:45
Last Modified:	27 Jun 2017 07:45
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/8498

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