AN ASSESSMENT OF THE IMPACT OF FIRMS INNOVATIVENESS ON SOCIAL DISCLOSURE OF LISTED NON FINANCIAL COMPANIES IN NIGERIA
Isah, Baba Bida , Aliyu, Usman Baba , Sanni, Mubarak and Hassan, Ibrahim
Volume 11 Issue 2
Abstract
This study examines the effects of firm innovativeness on social disclosure. The study's data was sourced from the annual reports and accounts of Nigeria's listed non-financial enterprises, covering the period from 2011 to 2022. Using robust panel data analysis, the study applies a fixed effects and random effects model, selected based on the Hausman test and F-test of homogeneity, with corrections for heteroskedasticity through robust standard errors. The findings reveal that Firm complexity, technological infrastructure and managerial efficiency have a positive influence on social disclosure. The study recommended among others that non-financial companies in Nigeria should simplify organizational structure, invest in digital platforms, leverage data analytics, develop managerial competencies, and encourage a culture of transparency. Keywords: Firms Innovativeness, Social Disclosure, Nigeria
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