Vol 11, No 2 (2018): August-November 2018

Corporate Governance Disclosure in Nigerian Listed Companies

Adefemi, Folashade ( University of The West of Scotland, UK ) , Hassan, Abeer ( University of The West of Scotland, UK ) , Fletcher, Mary ( University of The West of Scotland, UK )

Article Info

Publish Date
09 Aug 2018


Corporate Governance Disclosure (hereafter CGD) is the extent to which an organization transparently discloses its governance practices and strategies to stakeholders (UNCTAD, 2011). This paper aims to examine the impact of corporate governance disclosure on firm performance, board composition, and company size. The study used secondary data from companies listed on the Nigerian stock exchange and examined 31 companies across 5 sectors from 2010-2013. This study used panel regression techniques and the results indicate that asset turnover, board composition and number of employees are all significantly related to corporate governance disclosure. However, return on assets, return on equity and earnings per share are not significant. Overall, this study found that listed companies compliance with the Securities Exchange Commission (SEC) Disclosure requirements has a positive influence on corporate governance performance for the firms listed in the Nigerian Stock Exchange.Keywords: Corporate Governance Disclosure, SEC Codes. Nigeria. 

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Journal Info





Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences


International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...