Corporate disclosure, accounting in financial institutions, debt contracting
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The extent to which listed financial service companies in Nigeria disclose voluntary information is at increasing rate. This therefore led to asking what factors influence the disclosure by these companies. As such, this study assessed... more
The extent to which listed financial service companies in Nigeria disclose voluntary
information is at increasing rate. This therefore led to asking what factors influence the
disclosure by these companies. As such, this study assessed the effect of firm attributes on
voluntary accounting disclosure of listed Financial Service Companies in Nigeria. It
investigated whether profitability, liquidity, leverage, firm size, firm age, Forensic
Accounting Services and Information and Communication Technology (ICT) influence
voluntary accounting disclosure of the companies considered by this study. Correlational
research design was adopted. Secondary data was extracted for a sample of 32 out of 55
these firms over a period of ten (10) years from 2007-2016. The data were analyzed using
panel multiple regression. To ensure the validity and reliability of the data used, fixed and
random effect regressions were performed and fixed effect regression was suggested after
conducting Hausman specification test. The results reveal that profitability, leverage, firm
size, firm age, forensic accounting services and ICT are significantly and positively
associated with voluntary accounting disclosure of the companies under study. On the
contrary, liquidity is significant but negatively associated with voluntary accounting
disclosure of the companies. From the results, it is therefore concluded that firms that
voluntarily disclose more information are profitable, less liquid, more levered, larger, more
matured, engage more in provision of forensic accounting services and employ more
information and communication technology. Though it was argued on the contrary in
literature. Therefore, it is recommended among others that the managements of these firms
should use their resources in improving their profitability. This can be done in view of the
fact that profitable firm have available resources that will make them disclose more
information voluntarily. As they disclose additional information voluntarily, shareholders
viii
will be well informed and in turn make taking the right decision on the company. There
could be more future investment and employment opportunities. It is a signal of financial
success of the venture and it promotes its impression positively. The management of listed
financial service companies in Nigeria should increase the forensic accounting services due
to its positive and significant effect on voluntary accounting disclosure of the companies.
This can be achieved by engaging forensic accountants’ services in terms of litigation
support, whistle blowing as well as fraud auditing. This will serve as quality assurance to
stakeholders and a support to traditional auditing system.
information is at increasing rate. This therefore led to asking what factors influence the
disclosure by these companies. As such, this study assessed the effect of firm attributes on
voluntary accounting disclosure of listed Financial Service Companies in Nigeria. It
investigated whether profitability, liquidity, leverage, firm size, firm age, Forensic
Accounting Services and Information and Communication Technology (ICT) influence
voluntary accounting disclosure of the companies considered by this study. Correlational
research design was adopted. Secondary data was extracted for a sample of 32 out of 55
these firms over a period of ten (10) years from 2007-2016. The data were analyzed using
panel multiple regression. To ensure the validity and reliability of the data used, fixed and
random effect regressions were performed and fixed effect regression was suggested after
conducting Hausman specification test. The results reveal that profitability, leverage, firm
size, firm age, forensic accounting services and ICT are significantly and positively
associated with voluntary accounting disclosure of the companies under study. On the
contrary, liquidity is significant but negatively associated with voluntary accounting
disclosure of the companies. From the results, it is therefore concluded that firms that
voluntarily disclose more information are profitable, less liquid, more levered, larger, more
matured, engage more in provision of forensic accounting services and employ more
information and communication technology. Though it was argued on the contrary in
literature. Therefore, it is recommended among others that the managements of these firms
should use their resources in improving their profitability. This can be done in view of the
fact that profitable firm have available resources that will make them disclose more
information voluntarily. As they disclose additional information voluntarily, shareholders
viii
will be well informed and in turn make taking the right decision on the company. There
could be more future investment and employment opportunities. It is a signal of financial
success of the venture and it promotes its impression positively. The management of listed
financial service companies in Nigeria should increase the forensic accounting services due
to its positive and significant effect on voluntary accounting disclosure of the companies.
This can be achieved by engaging forensic accountants’ services in terms of litigation
support, whistle blowing as well as fraud auditing. This will serve as quality assurance to
stakeholders and a support to traditional auditing system.
The numerous attentions being given to the issue of environmental concern has generated opportunities for important researches and standard reforms in environmental accounting disclosure practices by the companies. Purpose-The purpose of... more
The numerous attentions being given to the issue of environmental concern has generated opportunities for important researches and standard reforms in environmental accounting disclosure practices by the companies. Purpose-The purpose of this paper was to systematically review how environmental accounting disclosure practices of companies impacted the sustainability objectives of the firm with a view to identifying gaps and advance recommendations for policy-makers and future studies. Design/methodology/approach The Systematic Quantitative Assessment Technique (SQAT), was adopted to search for data used in the critical analysis of 78 peer-reviewed articles obtained from 7 high impact scholarly databanks. Majority of the articles reviewed were empirical studies Findings-There were external and internal pressures exerted on the company to adopt sustainability practices. However, the coercive pressures did not necessarily bring about a real change in the organization. The forces of change were mainly the foreign partners, audit pressure and the allegations by stakeholders, with serious attention given to these as a result of the reputational significance which is strength to the company. The discussion therefore provides researchers with a critical view of the subject exposing researchable gaps that will assist policymakers globally on how to put in place necessary legal framework and disclosure requirements to tackle environmental challenges. Practical implications-Clear regulatory frameworks, more direct engagement with companies and meeting the expectations of the local communities were considered as crucial factors to ensure there is a pathway for sustainability in the activities of concerned firms. Originality/value-The paper develops a systematic review framework from the relevant studies in firms' environmental accountability disclosure.
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