EFFECT OF CORPORATE ATTRIBUTES ON SEGMENT REPORTING OF SELECTED LISTED FIRMS IN NIGERIA
Keywords:
Corporate Attributes, IFRS – 8, Segment disclosure, Segment reportingAbstract
Segment disclosure presents essential information to meet the increased need and demand for published corporate disclosure of firms by stakeholders worldwide. However, the quality of segment disclosure could be influenced by a variety of factors peculiar to firms – corporate attributes. Managers are likely to consider their own interest when exercising managerial judgment. This study empirically examines the effect of Listing age and Firm size on segment reporting of Consumer goods manufacturing firms listed on Nigerian Exchange Group in the IFRS- Post implementation era. The dependent variable, Segment reporting was measured using the mandatory disclosure check list for IFRS 8 (Disclosure index) while the independent variable, corporate attributes was decomposed into two: Listing age and Firm size. Content analysis was used to extract the data of thirteen (13) sampled firms from the firms’ 2015 – 2019 IFRS compliant annual reports. The study adopts ex-post facto research design. The ordinary least squares (OLS) regression statistical technique was utilized to analyze the data generated for the study using Statistical package for Social Science (SPSS) version 20. Findings indicate that Listing age of firms has positive and significant effect while Firm Size has a positive but insignificant effect on segment reporting of Consumer goods manufacturing firms in Nigeria. In conclusion, older firms need to report their segmental activities more which can attract more investors especially as attributes other than Firm size can have stronger effect on segment reporting. It was therefore recommended that every listed firm big or small in size should adopt Mandatory segment reporting. Also, Financial reporting council and other regulatory agencies should intensify efforts towards enforcement of firms’ compliance with the requirements of IFRS 8.
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