Non-Financial Information Reporting and Firm Performance: Evidence from Listed Consumer Goods Firms in Nigeria
Abstract
The study examined the effect of non-financial information on financial performance of listed consumer goods companies in Nigeria. Based on Ex-post facto research design, panel data was collected from seventeen (17) listed consumer goods companies within a nine-year period spanning from 2010 to 2018 financial year. The dependent variable of financial performance is proxied by return on total asset while the independent variable of non-financial performance of human capital efficiency together with two control variables; firm listing age and firm size were employed in specifying the econometric model of the study. Ordinary least square regression analyses technique is used to analyse the data and the results revealed that human capital efficiency has a significant effect on firm financial performance during the period under review. However, in line with the result obtained, we recommend that managers should focus on policies geared towards employee training, development and overall motivation of employees noting that such actions will spur up employees to maximize their potentials for increased returns.
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