OFF-BALANCE SHEET (NON-FINANCIAL) INFORMATION DISCLOSURES AND FINANCIAL PERFORMANCE OF QUOTED FIRMS IN THE NIGERIAN INDUSTRIAL SECTOR

Authors

  • NZETE Patricia Onyinye (MSc. Candidate) Department of Accounting, Faculty of Management Sciences, Delta State University, Abraka, Nigeria.
  • EBIAGHAN, O. Frank (Ph.D.) Department of Accounting, Faculty of Management Sciences, Delta State University, Abraka, Nigeria.

Keywords:

Non-Financial Information Disclosures, Financial Performance, Quoted Firms, Nigerian Industrial Sector.

Abstract

The study examined effect of off-balance sheet (non-financial) information disclosure (NFID) on financial performance of quoted firms in the Nigerian industrial sector. The regressor is non-financial information measured by intellectual capital, risk management, corporate governance, environmental performance and social performance disclosure. Meanwhile, the regressed is financial performance and is measured by return on asset. Again, the study controlled for firm size and fanatical leverage.  The study spanned from 2012 to 2021 over 10 firms in the Nigerian industrial sector. The study adopted the panel least square estimate. Meanwhile, the secondary source of data contained in the annual reports of the firms listed in the Nigerian industrial goods sector and the Nigerian exchange group fact book from 2012 to 2021. The study recorded that, intellectual capital, risk management, and social performance disclosure influenced return on assets both positively and significantly. However, environmental performance disclosure reduced return on asset greatly. Hence, the paper concludes that, higher intellectual capital, risk management, corporate governance & social performance disclosure improves firm performance. As such, the management of the targeted firm needs to disclose more intellectual capital and social performance, and risk management items.  .

Keywords: Non-Financial Information Disclosures, Financial Performance, Quoted Firms, Nigerian Industrial Sector.

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Published

16-10-2023

Issue

Vol. 1 No. 1 (2023)

Section

Articles

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