Impact of Corporate Governance on Voluntary Disclosure of Nigerian-Listed Industrial Goods Companies

Main Article Content

Simon Bitrus
Okoh Umale (PhD)
Dr. Sa’idu Adamu (PhD)

Abstract

This study investigates the impact of corporate governance on voluntary disclosure of Nigerian-listed industrial goods companies. Expo-facto was employed as the study's research design. For a period of fifteen (15) years, from 2007 to 2021, the study used data from secondary sources included in the yearly reports and accounts of the listed manufacturers of industrial goods. The population of the study consisted of thirteen (13) industrial product companies that are listed on the Nigerian stock exchange. As of December 31, 2021, a sample of 10 Nigerian industrial goods businesses that are publicly traded was used. Additionally, regression using Ordinary List Square (OLS) was used to analyze the data. The findings indicate that Board Independence, Board Gender, Board Experience, Board management ownership and chief executive officer duality have statistically significant and favourable effects on the voluntary disclosure of listed Nigerian industrial goods companies. However, it was discovered that there is statistically no positive link between VLD and any of the study's explanatory variables, with the exception of BEXP and BGND. According to the study's findings, improving corporate governance systems can encourage voluntary disclosure, which can increase corporate transparency and boost corporate accountability for Nigerian manufacturers of industrial goods. The results of this study are also helpful for market participants, such as investors, regulators, and others, in the Nigerian capital markets.

Keywords: Corporate Governance, Voluntary Disclosure, Board Independence, Industrial Goods, Nigeria

Article Details

Impact of Corporate Governance on Voluntary Disclosure of Nigerian-Listed Industrial Goods Companies. (2024). African Journal of Management and Business Research, 15(1), 224-239. https://doi.org/10.62154/9taj6j73
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Copyright (c) 2024 Simon Bitrus, Okoh Umale (PhD), Dr. Sa’idu Adamu (PhD) (Author)

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Simon Bitrus, Federal University of Kashere (FUK), Gombe State, Nigeria.

Department of Accounting, Faculty of Management Sciences,

Federal University of Kashere (FUK), Gombe State, Nigeria.

Okoh Umale (PhD), Federal University of Kashere (FUK), Gombe State, Nigeria.

Department of Accounting, Faculty of Management Sciences,

Federal University of Kashere (FUK), Gombe State, Nigeria.

Dr. Sa’idu Adamu (PhD), Federal University of Kashere (FUK), Gombe State, Nigeria.

Department of Accounting, Faculty of Management Sciences,

Federal University of Kashere (FUK), Gombe State, Nigeria.

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