CORPORATE VALUE REPORTING AND VALUE OF QUOTED NON-FINANCIAL FIRMS IN NIGERIA

Abstract

The study is centered on corporate value reporting and stakeholders perception of quoted firms in Nigeria. Informational disclosure to investors is the main goal of corporate reporting. The annual report, which is the primary vehicle for corporate reporting, is now also recognized by businesses as having media value, which is an effective channel for communicating with their stakeholders. Building a firm’s reputation also benefits from reporting. Additionally, value reporting, is a new kind of reporting where words are just as significant as numbers. The study used secondary method of data collection from the annual reports and corporate website of the selected quoted firms in Nigeria. Data collected from the quoted firms consist from 2018 to 2021 financial year. The population of this study is made up of all 170 quoted firms on the Nigeria stock exchange (NSE) as at 1st March, 2021, however 2 firms were delisted which brings the Number to 168 listed firms. The sample size that is used for the study was 28 selected quoted firms in Nigeria Stock Exchange (NSE) as 1st March 2021. The sample size was arrived using convenience and purposive sampling techniques. The study concluded that corporate value reporting of quoted firms in Nigeria will increase the value of the firm and also increase the stakeholder’s awareness of the firms’ growth from their annual report and also through the firms’ media communication which is an effective channel of communication