Does IFRS Detract from Social Disclosure in Corporate Annual Report and Accounts? Evidence from Nigeria

Arthur Joseph Avwokeni ()
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Arthur Joseph Avwokeni: University of Lagos

Acta Universitatis Danubius. OEconomica, 2016, issue 12(5), 82-95

Abstract: This study examines compliance with the corporate social disclosure requirement of the United Nations and whether their voluntary declaration by the International Accounting Standards Board detracts from compliance. Qualitative, financial and non-financial disclosures, based on core indicators developed by the United Nations Conference on Trade, Aid and Development, were garnered from financial statements prepared before and after IFRS adoption. Overall, corporate social disclosure on employment creation and labour practices; welfare, health and safety; and environment, improve during the IFRS regime. This improvement is associated with size of the firm, not audit identity, ownership or capital structure. This finding provides evidence to clinch anecdotal claims that even in the absence of laws some agents would still operate to meet the information needs of their principals; however, in line with organization theory, policies are needed to guide the actions of man, including the learning organization.

Keywords: Disclosure compliance; corporate social disclosure; social accounting; corporate social responsibilities (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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