The purpose of this study was to evaluate the relationship between financial reporting and organizational performance in Nigeria. Data was collected from ten Nigerian manufacturing companies. The researcher adopted expo facto research method in this study. The study adopted inferential statistics for panel data analysis. Results revealed that financial reporting has significant effect on organization performance (R2 = 0.006, t= 4.145 and p = 0.001) of selected manufacturing companies in Nigeria. The study concluded that a financial accounting report is a verifiable document through which a corporate organization's condition and performance may be assessed. As a result, the study recommend the directors who are responsible for drafting this financial report in the traditional sense should ensure that it is prepared in accordance with best international practices. However, since this study has proved that both variables have a considerable influence on each other, management of publicly traded firms must propose new tactics to improve their financial reporting quality in order to dramatically boost their profit. Also, stakeholders and potential investors in publicly traded companies should be suspicious of any changes in the value of return on assets, because financial reporting quality has a direct impact on the variable, which in turn affects profit value.
| Published in | Innovation (Volume 3, Issue 1) |
| DOI | 10.11648/j.innov.20220301.15 |
| Page(s) | 26-32 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2022. Published by Science Publishing Group |
Financial Reporting, Nigeria, Organization Performance
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APA Style
Ahannaya Chinedu Gandolph. (2022). Financial Reporting and Organization Performance in Nigeria. Innovation, 3(1), 26-32. https://doi.org/10.11648/j.innov.20220301.15
ACS Style
Ahannaya Chinedu Gandolph. Financial Reporting and Organization Performance in Nigeria. Innovation. 2022, 3(1), 26-32. doi: 10.11648/j.innov.20220301.15
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Download@article{10.11648/j.innov.20220301.15,
author = {Ahannaya Chinedu Gandolph},
title = {Financial Reporting and Organization Performance in Nigeria},
journal = {Innovation},
volume = {3},
number = {1},
pages = {26-32},
doi = {10.11648/j.innov.20220301.15},
url = {https://doi.org/10.11648/j.innov.20220301.15},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.innov.20220301.15},
abstract = {The purpose of this study was to evaluate the relationship between financial reporting and organizational performance in Nigeria. Data was collected from ten Nigerian manufacturing companies. The researcher adopted expo facto research method in this study. The study adopted inferential statistics for panel data analysis. Results revealed that financial reporting has significant effect on organization performance (R2 = 0.006, t= 4.145 and p = 0.001) of selected manufacturing companies in Nigeria. The study concluded that a financial accounting report is a verifiable document through which a corporate organization's condition and performance may be assessed. As a result, the study recommend the directors who are responsible for drafting this financial report in the traditional sense should ensure that it is prepared in accordance with best international practices. However, since this study has proved that both variables have a considerable influence on each other, management of publicly traded firms must propose new tactics to improve their financial reporting quality in order to dramatically boost their profit. Also, stakeholders and potential investors in publicly traded companies should be suspicious of any changes in the value of return on assets, because financial reporting quality has a direct impact on the variable, which in turn affects profit value.},
year = {2022}
}
TY - JOUR T1 - Financial Reporting and Organization Performance in Nigeria AU - Ahannaya Chinedu Gandolph Y1 - 2022/03/29 PY - 2022 N1 - https://doi.org/10.11648/j.innov.20220301.15 DO - 10.11648/j.innov.20220301.15 T2 - Innovation JF - Innovation JO - Innovation SP - 26 EP - 32 PB - Science Publishing Group SN - 2994-7138 UR - https://doi.org/10.11648/j.innov.20220301.15 AB - The purpose of this study was to evaluate the relationship between financial reporting and organizational performance in Nigeria. Data was collected from ten Nigerian manufacturing companies. The researcher adopted expo facto research method in this study. The study adopted inferential statistics for panel data analysis. Results revealed that financial reporting has significant effect on organization performance (R2 = 0.006, t= 4.145 and p = 0.001) of selected manufacturing companies in Nigeria. The study concluded that a financial accounting report is a verifiable document through which a corporate organization's condition and performance may be assessed. As a result, the study recommend the directors who are responsible for drafting this financial report in the traditional sense should ensure that it is prepared in accordance with best international practices. However, since this study has proved that both variables have a considerable influence on each other, management of publicly traded firms must propose new tactics to improve their financial reporting quality in order to dramatically boost their profit. Also, stakeholders and potential investors in publicly traded companies should be suspicious of any changes in the value of return on assets, because financial reporting quality has a direct impact on the variable, which in turn affects profit value. VL - 3 IS - 1 ER -
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