Board Size, Board Composition and Voluntary Disclosure: Evidence from Listed Manufacturing Firms in Nigeria

Authors

  • Aderemi Olalere Adebayo Department of Accounting, Osun State University, Osogbo, Nigeria
  • Fatima Imike Mbah Fountain University, Osogbo, Osun State, Nigeria
  • Danjuma Adamu Department of Accountancy, School of Business and Management Studies, Federal Polytechnic Ede, Osun State, Nigeria
  • Olayinka Olaitan Abidoye College of Management and Social Science, Department of Accounting and Finance, Bowen University, Iwo, Osun State, Nigeria

DOI:

https://doi.org/10.33003/fujafr-2023.v1i2.36.102-112

Abstract

This study investigated the influence of board size and board composition on voluntary disclosure of quoted manufacturing firms in Nigeria from the period of 2015 to 2019. Thirty- three (33) were purposively selected for the purpose of this study. Information was produced from content analysis of yearly reports. Panel fixed effect model, correlation matrix and descriptive statistics were employed in the estimation. The estimation of the fixed effect model shows that size of the board and board composition have positive and significant connection on the level of voluntary disclosure evidenced by t-statistics = 10.524, p-value of 0.000 and 10.466, p-value is 0.000 respectively. However, the study concludes that board size and the composition of the board can affect the extent of voluntary disclosure positively. The study therefore recommends that the board should comprises of well experience, skilled, knowledgeable people who can govern the firm well. The firms should also guarantee that the number of experienced people in the board should be sufficient enough be able to provide the firm with more oversight. 

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Published

05-11-2023

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Vol. 1 No. 2 (2023): September 30, 2023

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How to Cite

Adebayo, A. O., Mbah, F. I., Adamu, D., & Abidoye, O. O. (2023). Board Size, Board Composition and Voluntary Disclosure: Evidence from Listed Manufacturing Firms in Nigeria. FUDMA Journal of Accounting and Finance Research [FUJAFR], 1(2), 102-112. https://doi.org/10.33003/fujafr-2023.v1i2.36.102-112