Effect of corporate reporting on public confidence: empirical evidence from quoted companies in Nigeria

Clifford Ofurum Obiyo and Onuoha Tereser Ezenwa
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Onuoha Tereser Ezenwa: University of Port Harcourt, Nigeria

Journal of Applied Management and Investments, 2012, vol. 1, issue 2, 187-194

Abstract: The primary objective of this study is to investigate the effect of Corporate Reporting Practices on Public Confidence in Nigerian firms. We relied on the Nigeria Stock Exchange reports for data. The analyses were done using the Statistical Package for Social Science quantitative data analysis. Corporate Governance was observed to have strong and significant relationship with Investment Decisions and Stock Market Stability, but weak and positive relationship with Economic Growth. We discovered that Audit Reports have strong, positive and significant effects on Public Confidence. We recommended that, management and board of directors should take personal responsibility for accuracy and completeness of corporate financial report.

Keywords: public confidence; corporate reporting; corporate governance; corporate social responsibility; environmental issues; stock market stability; economic growth; investment decision (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ods:journl:v:1:y:2012:i:2:p:187-194

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