Integrated reporting and corporate performance of listed industrial goods companies in Nigeria
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Accounting, Modibbo Adama University, Yola.
Abstract
The traditional financial reporting style has created some information gaps which, in
some cases, have led to financial crises. This has become a source of concern calling
for urgent attention in the contemporary business world. Hence, the study examined
the impact of integrated reporting on corporate performance of listed industrial goods
companies in Nigeria. The objectives of this study were to: evaluate the influence
of financial capital reporting, manufactured capital reporting, human capital
reporting, intellectual capital reporting, social capital reporting and natural capital
reporting on corporate performance. The population of the study consisted of all the
13 listed industrial goods companies in Nigeria and all of them were used for the
study. Secondary data used were extracted from the published annual audited
financial reports of the companies studied from 2013 to 2020. The pooled Ordinary
Least Square regression was used in data analysis. The study found that financial
capital reporting, manufactured capital reporting, intellectual capital reporting,
human capital reporting, and social capital reporting, each has a positive significant
influence on corporate performance ( β = 0.0203, P < 0.05; β = of 0.0639, P < 0.05;
β = 0.0118, P < 0.01; β = 0.0011, P < 0.10; β.= 0.4252, P < 0.01) respectively; and
while natural capital reporting has a negative insignificant impact on corporate
performance (β = of - 0.005, P < 0.01). The study concluded that disclosing the six
components (financial and non-financial) of integrated reporting improve
performance of listed industrial goods companies in Nigeria. Consequently, this
study recommended that industrial goods’ firms should consistently disclose all
sources of funds and intensify initiatives to create social cohesion in order to
encourage greater stakeholders’ acceptance.
Description
Keywords
Integrated Reporting, financial capital, manufactured capital, intellectual capital; human capital; social capital and natural capital; corporate performance