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Company Age and Voluntary Corporate Social Disclosure in Nigeria: A Study of Selected Listed Manufacturing Firms on the Nigerian Stock Exchange

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  • Emma Ik. Okoye
  • Segun idowu Adeniyi

Abstract

The study investigates the effect of company age on voluntary corporate social disclosure among selected listed manufacturing firms on the Nigerian Stock Exchange. The specific objectives of the study is to ascertain the effect of company age on voluntary economic disclosure, voluntary social disclosure, voluntary environmental disclosure and the interaction of voluntary economic disclosure, voluntary social disclosure with voluntary environmental disclosure. The study employs ex-post facto design and secondary data. The study reveal that company age does not affect voluntary corporate social disclosure significantly, therefore, is important for regulatory authorities to mandate all listed firms on the Nigerian Stock Exchange to embrace corporate social disclosure in their annual reports and financial statements. This recommendation is vital because corporate social disclosure is voluntary among listed firms on the Nigerian Stock Exchange despite its importance to firm and its stakeholders.

Suggested Citation

  • Emma Ik. Okoye & Segun idowu Adeniyi, 2018. "Company Age and Voluntary Corporate Social Disclosure in Nigeria: A Study of Selected Listed Manufacturing Firms on the Nigerian Stock Exchange," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(2), pages 138-145, June.
    • Handle: RePEc:khe:scajes:v:4:y:2018:i:2:p:138-145
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    References listed on IDEAS

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    1. Waris Ali & Muhammad Rizwan, 2013. "Factors Influencing Corporate Social and Environmental Disclosure (CSED) Practices in the Developing Countries: An Institutional Theoretical Perspective," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 3(3), pages 590-609, March.
    2. Waris Ali & Muhammad Rizwan, 2013. "Factors Influencing Corporate Social and Environmental Disclosure (CSED) Practices in the Developing Countries: An Institutional Theoretical Perspective," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 3(3), pages 590-609.
    3. Khaled Aljifri & Abdulkareem Alzarouni & Chew Ng & Mohammad Iqbal Tahir, 2014. "The Association between Firm Characteristics and Corporate Financial Disclosures: Evidence from UAE Companies," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 8(2), pages 101-123.
    4. Al-Shammari, Bader & Brown, Philip & Tarca, Ann, 2008. "An investigation of compliance with international accounting standards by listed companies in the Gulf Co-Operation Council member states," The International Journal of Accounting, Elsevier, vol. 43(4), pages 425-447, December.
    5. R.M. Haniffa & T. E. Cooke, 2002. "Culture, Corporate Governance and Disclosure in Malaysian Corporations," Abacus, Accounting Foundation, University of Sydney, vol. 38(3), pages 317-349, October.
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    Cited by:

    1. Ladini, Mark Juliana & Associate Professor ORBUNDE, Bemshima & Dr. Daniel Emmanuel Kayode, 2024. "Effect of Board Size and Board Meeting Frequency on Environmental Disclosure of Listed Manufacturing Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(1), pages 236-254, January.

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    More about this item

    Keywords

    Company age; economic disclosure; social disclosure; environmental disclosure and voluntary corporate social disclosure;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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