An Empirical Analysis of Risk Disclosure and its Effects on Firms' Growth of Consumer Goods Companies in Nigeria

This study is an empirical analysis of risk disclosure and its effects on firm’s growth of consumer goods companies in Nigeria for the period between 2018-2024. The study used ex-post facto research design to collect data through the purposeful sampling techniques. The dynamic Generalized Moment Method was used to analyse the data. The findings of the study revealed that ORMD; LRMD; and SRMD have statistical significant effect on firm’s growth of consumer goods companies The study concludes that risk management disclosures have significant effect on firms’ performance among the quoted consumer goods firms in Nigeria. This is to say that Study having established a model fit on risk management disclosures (operational risk management disclosure, liquidity risk disclosure management, and solvency risk disclosure management.) concludes that risk management disclosures have a significant effect on firms’ performance among the quoted consumer goods firms in Nigeria. This is to say that risk management of firms drives the performance, and the study also established that firms with effective empowerment risk management make higher profits. Thus, the study recommends that firms should continue to improve their voluntary disclosure on empowerment risk management in their reporting based on leadership & management, outsourcing, performance incentive, change readiness and communication as these disclosures are essential for investors’ decision making.