Original Research Article | OPEN ACCESS
A Survey of Stakeholders’ Perception of the Decision Relevance of Integrated Reporting in Nigerian Listed Firms

S. A. Owolabi1 S. A. Olaoye2 A. K. Hassan3

For correspondence:-    

Received: July 21, 2020        Accepted: September 1, 2020        Published: September 30, 2020

Citation: Owolabi SA.Olaoye SA.Hassan AK. A Survey of Stakeholders’ Perception of the Decision Relevance of Integrated Reporting in Nigerian Listed Firms. Account Tax Rev 2020; 4(3):102-119 doi:

© 2020 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

Abstract

This study examined the perception of the Nigerian capital market stakeholders on the relevance of the Integrated Reporting to their decision making. The study adopted a survey research design. The study’s population comprised of stakeholders in the financial reporting chain, out of which a sample of 475 respondentswas selected through stratified random sampling. Data were collected from primary source sing a structured questionnaire. The instrument was administered on the respondents in their natural environments with 63.79% return rate. The reliability test on the copies returned for the variables examined showed 0.920 for integrated reporting with 30 items and 0.625 for relevance using five items. Data were analysed using descriptive and regression statistics. The study found that IR, measured by financial capital, manufactured capital, intellectual capital, social relationship capital, human capital and natural capital exerted a significant effect on the relevance to the decision making of stakeholders of firms listed on Nigerian Stock Exchange. The study,therefore, concluded that IR had a significant effect on the relevance to the decision making of stakeholders of firms listed on the Nigerian Stock Exchange. Among the recommendations of the study are; that IR should be adopted and made mandatory not only in Nigeria but also globallyand that financial reporting framework for externalities and its effects should be standardised.

Keywords: Corporate reporting, Decision making, Integrated reporting, Non-financial information, relevance


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