The Integrated Reporting (IR) framework implementation in Nigerian listed companies
| dc.contributor.author | Udofia, Ini Etete | |
| dc.contributor.author | Fagboro, Gabriel Damilola | |
| dc.contributor.author | Adeyemi, Semiu Babatunde | |
| dc.date.accessioned | 2022-08-30T21:23:16Z | |
| dc.date.available | 2022-08-30T21:23:16Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | Research efforts have supported the need for multi-dimensional reporting that comprises of financial, non-financial, social and environmental components. This paper investigates the readiness of Nigeria to adopt Integrated Reporting (IR) by evaluating the level of compliance of the annual reports of quoted companies in Nigeria to IR framework as developed by the International Integrated Reporting Council (IIRC). A total of 90 companies from 170 quoted companies on Nigeria Stock Exchange were selected based on the criteria that the companies had available annual reports for the period 2013-2017, these companies had neither been delisted nor merged with other companies during the period of study. The annual reports of the selected 90 quoted companies from 2013-2017 were content analysed using the disclosure index developed by Kilic and Kuzey (2018) to measure the IR Disclosure Score (IRDS) of each of the sampled companies. It was found that Nigerian listed companies’ reports comply with about 75% of the IR framework requirements. The most compliant companies were in the financial sector, followed by manufacturing, extractive and other sectors. The least disclosed IR content element in all the sectors was performance. Companies were not able to articulate the extent which the objectives of the organisation was achieved using key performance indicators (KPIs) especially the connectivity between financial and non-financial performance disclosures. In order to drive IR adoption, regulatory authorities such as the Financial Reporting Council of Nigeria (FRCN) and Securities and Exchange Commission (SEC) should provide needed support in the area of technical and infrastructural resources which would encourage early adoption of the IR framework in Nigeria | en_US |
| dc.identifier.uri | https://ir.unilag.edu.ng/handle/123456789/11176 | |
| dc.language.iso | en | en_US |
| dc.publisher | Global Journal of Accounting, Department of Accounting, University of Lagos | en_US |
| dc.relation.ispartofseries | ;6(1), 1-11 | |
| dc.subject | Integrated reporting, company disclosures, Integrated Reporting framework, content elements, performance | en_US |
| dc.title | The Integrated Reporting (IR) framework implementation in Nigerian listed companies | en_US |
| dc.type | Article | en_US |