Company reporting transparency and firm performance in Nigeria

Transparency of companies’ activities with respect to board, financial and management of a firm and the relationship that exist between them is crucial because information disclosure solves the problem of information asymmetries and signaling of relevant material information to the stakeholders.This...

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Main Authors: Edogbanya, Adejoh, Kamardin, Hasnah
Format: Article
Language:English
Published: Asia Pacific Institute of Advanced Research (APIAR) 2016
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/22018/1/APJABSS%202%202%202016%20346-356.pdf
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author Edogbanya, Adejoh
Kamardin, Hasnah
author_facet Edogbanya, Adejoh
Kamardin, Hasnah
author_sort Edogbanya, Adejoh
collection UUM
description Transparency of companies’ activities with respect to board, financial and management of a firm and the relationship that exist between them is crucial because information disclosure solves the problem of information asymmetries and signaling of relevant material information to the stakeholders.This study examines the transparency and its relationship with performance of non-financial listed companies in Nigeria.The study adopts the panel data analysis (2010-2013) and relationship between transparency and firm performance.The research adopts the panel corrected standard errors (PCSEs) as a result of auto correlation and heterocadesticity in the model.The findings of the study shows research which further concludes that transparency of relevant information can lead to firm performance as shown by the significant relationship (positive with Tobin’s Q and negative with ROA) of transparency of board and transparency in financial have positive relationship with Tobin’s Q.The implication for this study is that a public limited company should practice full disclosure of material information and to disclose more than the statutory minimum requirements.
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spelling uum-220182017-05-09T08:54:04Z https://repo.uum.edu.my/id/eprint/22018/ Company reporting transparency and firm performance in Nigeria Edogbanya, Adejoh Kamardin, Hasnah HF5601 Accounting Transparency of companies’ activities with respect to board, financial and management of a firm and the relationship that exist between them is crucial because information disclosure solves the problem of information asymmetries and signaling of relevant material information to the stakeholders.This study examines the transparency and its relationship with performance of non-financial listed companies in Nigeria.The study adopts the panel data analysis (2010-2013) and relationship between transparency and firm performance.The research adopts the panel corrected standard errors (PCSEs) as a result of auto correlation and heterocadesticity in the model.The findings of the study shows research which further concludes that transparency of relevant information can lead to firm performance as shown by the significant relationship (positive with Tobin’s Q and negative with ROA) of transparency of board and transparency in financial have positive relationship with Tobin’s Q.The implication for this study is that a public limited company should practice full disclosure of material information and to disclose more than the statutory minimum requirements. Asia Pacific Institute of Advanced Research (APIAR) 2016-07 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/22018/1/APJABSS%202%202%202016%20346-356.pdf Edogbanya, Adejoh and Kamardin, Hasnah (2016) Company reporting transparency and firm performance in Nigeria. Asia Pacific Journal of Advanced Business and Social Studies, 2 (2). pp. 346-356. ISSN 2205-6033 http://apiar.org.au/?journal-paper=company-reporting-transparency-and-firm-performance-in-nigeria
spellingShingle HF5601 Accounting
Edogbanya, Adejoh
Kamardin, Hasnah
Company reporting transparency and firm performance in Nigeria
title Company reporting transparency and firm performance in Nigeria
title_full Company reporting transparency and firm performance in Nigeria
title_fullStr Company reporting transparency and firm performance in Nigeria
title_full_unstemmed Company reporting transparency and firm performance in Nigeria
title_short Company reporting transparency and firm performance in Nigeria
title_sort company reporting transparency and firm performance in nigeria
topic HF5601 Accounting
url https://repo.uum.edu.my/id/eprint/22018/1/APJABSS%202%202%202016%20346-356.pdf
work_keys_str_mv AT edogbanyaadejoh companyreportingtransparencyandfirmperformanceinnigeria
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