What does this research mean for the field?

Economic governance disclosures, specifically regarding board structure, investor relations, and research and development, are positively and significantly associated with the financial performance of listed consumer goods firms in Nigeria. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

To examine the effect of economic governance disclosure on the financial performance of listed consumer goods firms.

August 30, 2026Journal of Xi'an University of Architecture & TechnologyOpen Access

Economic Governance Disclosure and Financial Performance of Listed Consumer Goods Firms in Nigeria

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Authors

SOSyed Ahmed Salman Rosemary Onoja

Discussion

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Overview

Retrospective panel study finds governance disclosures improve return on assets in consumer goods firms, indicating that transparent reporting enhances financial performance.

Key Points

To examine the effect of economic governance disclosure on the financial performance of listed consumer goods firms.
Applied an ex post facto panel design analyzing 17 listed consumer goods firms in Nigeria from 2012 to 2021 (N = 170 firm-year observations).
Measured financial performance using return on assets (ROA) and economic governance through board structure and investor relations (BSIR) along with research and development disclosure (RED).
Evaluated relationships between governance variables and financial returns using multiple regression analysis.
Board structure and investor relations disclosures demonstrated a positive and statistically significant association with return on assets.
Research and development disclosures were positively and statistically significantly associated with return on assets.

Cite This Study

Syed Ahmed Salman Rosemary Onoja (2026) studied this question.

synapsesocial.com/papers/6a93f1626c1a8fb52e79e4d1 https://doi.org/10.5281/zenodo.22155573

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August 30, 2026Journal of Xi'an University of Architecture & TechnologyOpen Access

Economic Governance Disclosure and Financial Performance of Listed Consumer Goods Firms in Nigeria

View Full Paper

Ask AI

Bookmark

Authors

SOSyed Ahmed Salman Rosemary Onoja

Discussion

Member takes

Overview

Retrospective panel study finds governance disclosures improve return on assets in consumer goods firms, indicating that transparent reporting enhances financial performance.

Key Points

To examine the effect of economic governance disclosure on the financial performance of listed consumer goods firms.
Applied an ex post facto panel design analyzing 17 listed consumer goods firms in Nigeria from 2012 to 2021 (N = 170 firm-year observations).
Measured financial performance using return on assets (ROA) and economic governance through board structure and investor relations (BSIR) along with research and development disclosure (RED).
Evaluated relationships between governance variables and financial returns using multiple regression analysis.
Board structure and investor relations disclosures demonstrated a positive and statistically significant association with return on assets.
Research and development disclosures were positively and statistically significantly associated with return on assets.

Cite This Study

Syed Ahmed Salman Rosemary Onoja (2026) studied this question.

synapsesocial.com/papers/6a93f1626c1a8fb52e79e4d1 https://doi.org/10.5281/zenodo.22155573

View Full Paper

Ask AI

Bookmark