DETERMINANTS OF INTEGRATED REPORTING OF LISTED COMPANIES IN NIGERIA

Abstract

The study examined firm performance and integrated reporting of listed companies in Nigeria. The study employed the use of secondary data from annual reports that were sourced from a sample size of 34 listed Nigeria companies structured around five trading sectors of the Nigeria exchange group and covering a period of 8 years (2014 – 2021). Cross sectional panel data were used to enhance empirical findings that were analysed through descriptive statistics and inferential statistics. The inferential statistics required the use of the Variance Inflation Factors test, Breusch-Godfrey serial correlation LM test, Heteroskedasticity ARCH test, Hausman test for random/fixed effect model and the panel least square regression that has fixed effect which is used to test the hypothesis with the aid of the P-Value. The integrated reporting disclosures (IRDIN) in Nigeria measured by unweighted content analysis is the dependent variables; likewise financial performance measured by (ROE), operating performance measured by returns on assets (ROA), Firm growth opportunity (FGO) measured by TOBINQ, firm value (FV) measured by market price of shares which are the independent variables. The control variable is the leverage (LEV). Findings indicate that the financial performance, Operating performance and firm value have positive and significant impact on integrated reporting disclosures in Nigeria. Firm growth opportunity has a negative association but it impact was significant. Leverage revealed a positive association but their impact was insignificant. This study recommends that the government or policy makers in Nigeria should expedite the mandatory adoption of integrated report by ensuring that the code of corporate governance (2018) is reviewed to be in consonance with the International Integrated Reporting Framework (2013). This will ensure that entities in Nigeria can conveniently compete within the global space and create value for its different stakeholders.