A Comparative study of financial market development indicators in Africa.
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Date
2014
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Ilorin Journal of Accounting, Published by the Department of Accounting, Faculty of Management Sciences, University of Ilorin.
Abstract
This paper examines the determinants of voluntary structural capital disclosure of the publicly listed Nigerian companies. Annual reports of 2011 of 50 selected companies listed in the Nigerian Stock Exchange were used. Negative Binomial Regression was used to analyse the coefficient associated with variables measuring the managerial ownership. Negative binomial regression shows that coeflicients associated with variables measuring the managerial ownership are significant. However, the multivariate analysis reveals that the performance of a company, listing status, interest in the pressure of stakeholders, the industry and competitive pressure are not explanatory factors of the voluntary SCD. The result findings reveals that most companies disclosed their structural capital in form of narrative than quantitative. In view of these findings, the study recommends that Nigerian companies should strive to disclose valuable items that will be useful for users of accounting information in making rational decision in quantitative form.
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Keywords
Structural Capital,, Capital Disclosure,, Voluntary Disclosure