VOLUNTARY DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Authors

  • Augustine N. Odum Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria
  • Miriam O. Obiano Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Corporate Donation Disclosure, Earnings Per Share, Employee Training Disclosure, Employee Welfare Disclosure, Environmental Protection Disclosure, Financial Performance, Voluntary Disclosure

Abstract

The broad objective of this study is to ascertain the effect of voluntary disclosure on financial performance of listed consumer goods firms in Nigeria. Specifically, the study examined the extent to which environmental protection disclosure, corporate donation disclosure, employee training disclosure and employee welfare disclosure affect the earnings per share of listed consumer goods firms in Nigeria. Ex-post facto research design was employed in this study. Purposive sampling technique was used in selecting a sample of sixteen (16) firms from the population of twenty-one (21) listed consumer goods firms in Nigeria. Secondary data were extracted from the annual reports and statement of account of the sampled firms over a ten year period from 2012 to 2021. The regression coefficients estimated by Feasible General Least Squares (FGLS) revealed that: environmental protection disclosure has a positive and significant effect on earnings per share of listed consumer goods firms in Nigeria (β = .8464846, p-value = 0.028 < 0.05); corporate donation disclosure has a negative and non-significant effect on earnings per share of listed consumer goods firms in Nigeria (β = -.288446, p-value = 0.324 > 0.05); employee training disclosure has a positive and non-significant effect on earnings per share of listed consumer goods firms in Nigeria (β = 2.043281, p-value = 0.354 > 0.05); employee welfare disclosure has a negative and non-significant effect on earnings per share of listed consumer goods firms in Nigeria (β = -.4278206, p-value = 0.092 > 0.05). The study recommended among others that managers of listed consumer goods firms in Nigeria should, instead of disposing manufacturing wastes and still incurring some costs in the process, treat the wastes and recycle them in order to save costs of production.

Downloads

Published

2023-07-01

How to Cite

Odum, A. N., & Obiano, M. O. (2023). VOLUNTARY DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA. Journal of Global Accounting, 9(2), 138 –. Retrieved from https://journals.unizik.edu.ng/joga/article/view/2193

Issue

Vol. 9 No. 2 (2023): July

Section

Articles

License

Copyright (c) 2023 Journal of Global Accounting

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.

Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:

  1. Non-exclusive right to reproduce the material in the article or book chapters.
  2. Print and electronic rights.
  3. To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).

Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:

  1. Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
  2. Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
  3. Author obtains any proof of consent statements
  4. The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.