TOPIC
these respondents were analyzed using multiple regression analysis and the following findings were revealed; (i) Ownership structure, board of directors and timeliness of information have positive and significant effect on profitability of listed manufacturing firms in Nigeria, (ii) Ownership structure, board of directors and timeliness of information have positive and significant effect on accountability of listed manufacturing firms in Nigeria and (iii) Ownership structure, board of directors and timeliness of information have positive and significant effect on sales growth of listed manufacturing firms in Nigeria. Based on the findings, the study recommends Since the result showed that financial transparency has positive and significant effect on firm’s profitability, it’s prudent for listed companies to disclose as much information as possible and also ensure that the information disclosed are transparent so as to minimize the level of information asymmetry and consequently stimulate financial performance. The companies can also take the control of financial performance of the company through using high proficiency, experienced and independent managers with the necessary legal power as a potentially powerful mechanism and to be a cause of improvement in the accountability of the company.
Keywords: Financial, Transparency, Ownership Structure, Board of Directors and Information
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PUBLISHED
2023-01-11
HOW TO CITE
Ibeaja, Uzoma Friday, Nosiri, Hilary Ukachukwu, and Okoro, Chinonso Churchill (2023). Financial Transparency and Financial Performance of Listed Manufacturing Firms in Nigeria. IDOSR JOURNAL OF ARTS AND MANAGEMENT 8(1):40-57. https://doi.org/10.59298/IDOSR/2023/12.1.5894
INFORMATION
IDOSR JOURNAL OF ARTS AND MANAGEMENT (IDOSR JAM)