VOLUNTARY DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Abstract

This study determined the effect of voluntary disclosure on financial performance of listed consumer goods firms in Nigeria, using environmental protection disclosure and employee welfare as the independent variables, while earnings per share was used as a proxy for financial performance. Ex post facto research design was adopted for the study. A sample of 18 consumer goods firms was used and data extracted from the companies audited annual reports and accounts of the firms from 2013 to 2022. Based on the data tested, the result shows that environmental protection disclosure; corporate donation and employee welfare will firm size as the control variable was significant. it was recommended among others, that there should be constant environmental disclosure by the firms for mitigating its environmental impact and promoting sustainable practices, this will enable them share with their stakeholders to demonstrate their commitment toward environmental responsibility