FIRM CHARACTERISTICS AND FORWARD LOOKING INFORMATION DISCLOSURE: THE CASE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA
| dc.contributor.author | Ismaila, Olotu Abdullahi | |
| dc.contributor.author | Bala, Ali Yusuf | |
| dc.date.accessioned | 2023-12-10T17:40:38Z | |
| dc.date.available | 2023-12-10T17:40:38Z | |
| dc.date.issued | 2014-09-02 | |
| dc.description.abstract | The focus of this paper is on assessing forward-looking information in annual report and accounts of listed Deposit Money Banks in Nigeria and empirically exploring the firm characteristics that affect the extent of forward-looking information (FLI) disclosed. A disclosure index composition consisting of 35 forward-looking information items is used to investigate the level of forward-looking information in annual report of DMBs listed on Nigeria Stock Exchange for the year 2012. Using content analysis the study found weak FLI disclosure by DMBs. A multiple regression analysis was used to explore the relationship between FLI and four main variables (Bank size, performance, leverage and liquidity). The results show that bank size and leverage have positive but insignificant association with the level of forward-looking information disclosure. Conversely, bank performance and liquidity are found to be negatively insignificant in explaining the level of forward-looking information. There is the need to increase the level of FLI disclosure considering its impact on decision making by various users of corporate reports. | en_US |
| dc.identifier.citation | AICPA. (1994). Improving business reporting. A customer focus, New York: American Institute of Certified Public Accountants. Aljifri, K., & Hussainey, K. (2007). The determinants of forward-looking information in annual reports ofUAE companies. Managerial Auditing Journal, 22(9), 881- 894. Aljifri, K., Hussainey, K. & Oyeler, P. (2012). Determinants of relevant information disclosure: a corporate governance perspective. UAEU-FBE Working Paper Series. No.2012-07. UAE University. Amir, E., & B. Lev. (1996). Value relevance of non-financial information: the wireless communication industry .Journal of Accounting and Economics'll, 3-30 Ball, R. & Foster, G. (1982). Corporate financial reporting: a methodological review of empirical research, Journal of Accounting Research, 20 (Suppl.), 161 -234. Bujaki, A., Zeghal, D., & Bozec, R. (1999). The disclosure of future oriented information in annual reports of Canadian corporations. Working Paper, No. 44, University of Ottawa, Ottawa. Celik, A. Ecer, A. & Karabacak, H. (2006). Disclosure of forward looking information: Evidence from listed companies on Istanbul Stock exchange (ISE). Investment Management And Financial Innovations,3(2), 197-216 Chow, C.W. & Wong-Boren, A. (1987). Voluntary financial disclosure by Mexican corporations. Accounting Review, LXII(3), 533-541. CICA. (2001). Management's discussion and analysis: Guidance on preparation and disclosure, Ottawa: Canadian Institute of Chartered Accountants. | en_US |
| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/731 | |
| dc.language.iso | en | en_US |
| dc.publisher | Department Of Accounting, Faculty Of Administration, Nasarawa State University, Keffi. | en_US |
| dc.title | FIRM CHARACTERISTICS AND FORWARD LOOKING INFORMATION DISCLOSURE: THE CASE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA | en_US |
| dc.title.alternative | The Case Of Quoted Deposit Money Banks In Nigeria | en_US |
| dc.type | Article | en_US |