Corporate Attributes And Financial Disclosure Of Building Material Companies In Nigeria

Abstract

The study focused on corporate attributes and financial disclosure of building material companies in Nigeria. An ex-post facto research design was adopted, and data was obtained from the annual reports of twelve (12) building material companies at the first-tier market of the Nigerian Stock Exchange (NSE) within the period ranging from 2013 to 2019. The data collected were analyzed using panel data multiple regression analysis. The finding revealed that Corporate attributes (firm size, profitability, leverage, firm age) have no significant effect on overall disclosure, mandatory disclosure and voluntary disclosure index of building material companies in Nigeria. The study recommends, among others, that The Financial Reporting Council of Nigeria (FRCN), the Securities Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), and other regulatory agencies take appropriate actions to guarantee comprehensive disclosure in accordance with relevant international accounting disclosure rules. An improvement in the quality of information disclosure will enable consumers to make informed predictions and evaluate the company's progress, which will invariably support stock market growth. Also, to protect the interests of the various user groups, effective enforcement programs should be implemented