FIRM ATTRIBUTES AND VOLUNTARY INFORMATION DISCLOSURES AMONG CONSUMER GOODS COMPANIES IN NIGERIAN EXCHANGE GROUP

Abstract

The study examines firm attributes and voluntary information disclosures among consumer goods companies listed on the Nigerian Exchange Group (NGX). Several firm attributes such as firm size, profitability, firm age, and leverage, distinguish companies and as such could influence varying differences of voluntary information disclosures among companies. This may have accounted for the vacillating nature of findings of prior studies. The study employs the positivist research philosophy, deductive research approach and the longitudinal research design. The study use secondary data from the annual report of listed consumer goods companies from 2012 to 2021. The study takes a census of the entire twenty one (21) consumer goods companies listed on the NGX as of 2021. However, the study could only access a complete data set for twenty (20) companies. The panel regression technique is utilise for the analysis. The result show that firm size and leverage exhibit positive significant relationship with voluntary information disclosure while profit exhibits positive insignificant relationship with voluntary information disclosure. In conclusion, the positive signs of the variables indicate their conformity to theoretical expectations and their role in driving voluntary information disclosure among consumer goods companies listed on the NGX.