VOLUNTARY DISCLOSURE AND FINANCIAL PERFORMANCE: ANALYSIS OF LISTED OIL AND GAS FIRMS IN NIGERIA
Abstract
The study examined the effect of voluntary disclosure on financial performance of listed oil and gas firms in Nigeria. The sample size consisted of thirteen (13) oil and gas firms in the Nigerian stock exchange as at 31st December, 2000. Secondary data was obtained from the published annual report of the sampled oil and gas firms for a period of 10 years (2009- 2018). The data was analysed using both descriptive and inferential (OLS regression) statistics. The study found out that voluntary disclosure has a positive and significant effect on earnings per share and asset turn over. It was therefore recommended that voluntary disclosure should be encouraged more in the financial statements by educating all stakeholders involved in the organisation about the advantages of a standardized reporting system, and also a more consistent way of reporting voluntary disclosure should be developed in Nigeria.
Key Words: Accounting Scandals, Auditors, Voluntary disclosure, Financial Performance, Financial Statement
CITATION: Dada, S. O., & Adeniji, A. A. (2021). Voluntary disclosure and financial performance: analysis of listed oil and gas firms in Nigeria. The Strategic Journal of Business & Change Management, 8 (3), 593 – 605.
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DOI: http://dx.doi.org/10.61426/sjbcm.v8i3.2023
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