Integrated Reporting Disclosures and Firm Value of Listed Insurance Companies in Nigeria

This study empirically investigated integrated reporting and corporate financial performance of listed insurance companies in Nigeria for the period 2010 to 2019. The study employed ex post facto and correlational research design. The sample size of the study consisted of insurance firms listed on the Nigerian Stock Exchange. The data for the study was obtained from the published annual financial statements of the sampled insurance companies and descriptive statistics, diagnostic test, unit root test, was used for data analysis while multiple regression analysis for the test of hypotheses. The result from the regression analysis revealed that integrated reporting positively and significantly affects the corporate financial performance of listed insurance firms in Nigeria. Also the control variables of debt, liquidity, corporate size and risk suggested both negative and positive significant influence on corporate financial performance of listed insurance firms in Nigeria. The paper concluded that integrated reporting affects the corporate financial performance of listed insurance companies in Nigeria. Therefore, the paper recommends amongst others that the Financial Reporting Council of Nigeria (FRCN) should make the adoption of integrated reporting compulsory across companies listed on the Nigerian Stock Exchange in a bid to improve the relationship between integrated reporting and financial performance of firms.

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MODAL INTELEKTUAL, KEPEMILIKAN INSTITUSIONAL TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN

Jurnal Riset Akuntansi Kontemporer - Vol 13 No 2 (2021): October Edition ◽

10.23969/jrak.v12i1.4041 ◽

2020 ◽

Vol 12 (1) ◽

pp. 15-24

Author(s):

Nurramayuningsih Nurramayuningsih ◽

Mujibah A. Sufyani

Keyword(s):

Regression Analysis ◽

Financial Performance ◽

Intellectual Capital ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Institutional Ownership ◽

Manufacturing Companies ◽

Panel Data Regression ◽

Data Regression

Knowledge and intangible assets become the important source of competitive advatage for company (knowledgw-based economy). The study aims was to investigate the effect of intellectual capital, institutional ownership to profitability and firm value. Sample used were 6 manufacturing companies of sub sectors consumer goods industry listed on the Indonesia Stock Exchange from 2012 to 2017, with purposive sampling, secondary data, and panel data regression analysis. The results indicated that simultaneous intellectual capital and institutional ownership affected financial performance. Partially intellectual capital had a positive and significant effect on financial performance, but institutional ownership did not have significant effect. Financial performance has a positive and significant effect on firm value. Intelectual capital had an important roles to increase performance and value of the firm.

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PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY DAN KINERJA TERHADAP NILAI PERUSAHAAN DENGAN TIPE INDUSTRI SEBAGAI VARIABEL MODERASI

Jurnal Magister Akuntansi Trisakti ◽

10.25105/jmat.v5i2.5074 ◽

2019 ◽

Vol 5 (2) ◽

pp. 185

Author(s):

Henik Haris Astuti ◽

Roni Aron Oktavianus ◽

Yvonne Augustine

Keyword(s):

Regression Analysis ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Firm Value ◽

Stock Exchange ◽

Corporate Social Responsibility Disclosure ◽

Industry Type ◽

Corporate Social ◽

Sustainability Report

This study aims to examine and analyze the influence of sustainability report disclosure, financial performance, non-financial performance on firm value with industry type as a moderating variable. The sample used in this study are companies that listed on the Indonesia Stock Exchange (IDX) and publish sustainability report for the period 2012-2016. Testing was done by using multiple regression analysis with moderation regression analysis method. The result of this research are: (1) corporate social responsibility disclosure has an positif effect on firm value, (2) financial performance has an positif effect to firm value, (3) non financial performance has no effect on firm value, (4) industry type not moderating the influence of corporate social responsibility disclosure on firm value (5) industry type not moderating the influence of financial performance on firm value, and (6) industry type not moderating the influence of non financial performance on firm value.

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PENGARUH KINERJA KEUANGAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN YANG DIMODERASI VARIABEL UKURAN PERUSAHAAN (Studi Empiris Perusahaan Sektor Perdagangan, Jasa dan Investasi yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018)

Magisma: Jurnal Ilmiah Ekonomi dan Bisnis ◽

10.35829/magisma.v8i2.88 ◽

2020 ◽

Vol 8 (2) ◽

pp. 77-87

Author(s):

Annisa Dayanty ◽

Widhy Setyowati

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Financial Performance ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Negative Effect

The purpose of this research is to find empirical evidence about the effect of financial performance and capital structure on firm value and whether company size can moderate the influence of financial performance and capital structure on firm value. The sample in this research is the trading, service and investment companies which is listed on the Indonesia Stock Exchange (IDX) in period 2016-2018. The research sample are 33 companies using purposive sampling technique. The analysis methods of this research used multiple linear regression analysis and Moderated Regression Analysis (MRA) to test the moderating variables. The results showed that financial performance and firm size had a positive effect on firm value. Capital structure has a negative effect on firm value. And the firm size can not moderate the financial performance and capital structure of the firm's value

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Pengaruh Pengungkapan Sukarela terhadap Kinerja Keuangan dengan Cost of Capital sebagai Variabel Intervening

Journal of Applied Accounting and Taxation ◽

10.30871/jaat.v3i2.890 ◽

2018 ◽

Vol 3 (2) ◽

pp. 168-173

Author(s):

Nana Nofianti ◽

Abdul Fatah ◽

Novita Tirtasari

Keyword(s):

Regression Analysis ◽

Financial Performance ◽

Path Analysis ◽

Statistical Method ◽

Voluntary Disclosure ◽

Cost Of Capital ◽

Stock Exchange ◽

Capital Cost ◽

Corporate Financial Performance ◽

Test Results

This study aimed to analyze the influence of voluntary discloure on financial performance with cost of capital as an intervening variable. Voluntary disclosure is measured by an index, financial performance in proksikan with Return on Asset and cost of capital is proxied by the CAPM. The sample in this study are as many as 55 companies, and samples used in this study is a manufacturing company listed on the Indonesia Stock exchange. The statistical method used is regression analysis with path analysis. Based on the test results showed that the index Voluntary Disclosure affect corporate financial performance. Voluntary Disclosure Index was observed to have an influence on cost of capital. Cost of capital have an influence on the financial performance and cost of capital mediate the association of voluntary disclosure and financial performance.

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The effect of integrated reporting on corporate financial performance: Evidence from Thailand

Corporate Ownership and Control ◽

10.22495/cocv15i1art13 ◽

2017 ◽

Vol 15 (1) ◽

pp. 133-142 ◽

Cited By ~ 4

Author(s):

Muttanachai Suttipun

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Stock Exchange ◽

Simple Random Sampling ◽

Annual Reports ◽

Corporate Financial Performance ◽

Integrated Reporting ◽

Stock Exchange Of Thailand ◽

Corporate Social ◽

Environmental Capital

The objectives of the study were to investigate the extent and level of integrated reporting in the annual reports of companies listed on the Stock Exchange of Thailand (SET), to test the different level of integrated reporting between SET100 companies and Non-SET100 companies, and between Corporate Social Responsibility (CSR) award companies and Non-CSR award companies, and to test the effect of integrated reporting on the corporate financial performance. By simple random sampling, 150 listed companies from the SET were selected for use as the sample. Content analysis was used to quantify the extent and level of integrated reporting in annual reports between 2012 and 2015. As the results, the companies provided an average of 603.59 words of integrated reporting in annual reports during the period being study. Intellectual capital reporting was the most common form of integrated reporting by the companies, while environmental capital reporting was the least common form. There were significant differences in the level of integrated reporting between SET100 and non-SET100 companies, as well as between CSR award and non-CSR award companies. Manufactured capital reporting and holding a CSR award positively affected corporate financial performance, while the corporate financial performance was negatively related to environmental capital reporting.

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EFFECT OF LIQUIDITY RISK MANAGEMENT ON BANK FINANCIAL PERFORMANCE IN NIGERIA

Research Journal of Management Practice ◽

10.46654/rjmp.1534 ◽

2021 ◽

pp. 19-34

Author(s):

Blessing Ndum ◽

Keyword(s):

Risk Management ◽

Regression Analysis ◽

Financial Performance ◽

Inflation Rate ◽

Stock Exchange ◽

Research Work ◽

Liquidity Risk ◽

Annual Reports ◽

Ex Post ◽

Ex Post Facto

This study ascertained the effect of annual inflation rate on bank financial performance in Nigeria. Ex-Post Facto research design was adopted. Data were extracted from annual reports and accounts of the selected banks in Nigeria. The population of the study comprises of all the twenty (20) deposit money banks operating in Nigeria as at the time of this research work. According to the Nigeria Stock Exchange (NSE), twenty (20) deposit money banks operate in Nigeria as at the end of year 2019. Regression analysis was employed to test the hypothesis with SPSS 20.0. The analysis shows that the annual inflation rate does not positively influence banks’ financial performance. Based on the result, the researcher recommended that banks should be able to anticipate inflation rate periodically to adjust their interest rate in order to make profit.

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PENGARUH TINGKAT PERTUMBUHAN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERASI

E-Jurnal Manajemen Universitas Udayana ◽

10.24843/ejmunud.2018.v07.i04.p17 ◽

2018 ◽

Vol 7 (4) ◽

pp. 2196

Author(s):

Ni Made Dewi Gita Widayanthi ◽

Gede Merta Sudiartha

Keyword(s):

Growth Rate ◽

Regression Analysis ◽

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Insurance Companies ◽

Insurance Company ◽

Sample Collection ◽

Company Value ◽

Negative Effect

The purpose of this study is to determine the effect of growth rate on the value of the company as well as knowing the ability of capital structure in moderating the influence of growth rate to the value of the company. This study was conducted at an insurance company listed on the Indonesia Stock Exchange. The approach used in this research is causality approach. The population in this study are all insurance companies listed on the Indonesia Stock Exchange period 2011-2014, amounting to 11 companies, the sample collection is done by purposive sampling technique with a sample of 6 companies. Analysis technique in this research is moderate regression analysis (MRA). The result of classical and simultaneous assumption test shows that the regression model used is appropriate and the independent variable and the moderating variable have an effect on the company value. The result of research by using moderation regression analysis showed that growth rate had negative effect to company value. Capital structure is able to moderate by weakening the negative effect of growth rate on firm value. Keywords: company value, growth rate, capital structure.

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HUMAN RESOURCE ACCOUNTING AND CORPORATE FINANCIAL PERFORMANCE OF QUOTED INSURANCE COMPANIES IN NIGERIA

Research Journal of Management Practice ◽

10.46654/rjmp.7323 ◽

2021 ◽

pp. 20-39

Author(s):

CO Onyekwelu ◽

UI Ironkwe

Keyword(s):

Human Resource ◽

Stock Exchange ◽

Insurance Companies ◽

Corporate Financial Performance ◽

Accounting Disclosure ◽

Return On Equity ◽

Human Resource Accounting ◽

Training Cost ◽

Insurance Firms ◽

Resource Accounting

The principal aim of our study was to examine the effect of human resource accounting (Human resource accounting disclosure Index, Training cost, Number of staff and Increment in staff salaries) on corporate financial performance (return on assets and return on equity) of insurance companies quoted on Nigeria Stock Exchange for the period 2012 to 2017. Secondary data of 12 quoted insurance companies were collected mostly from their website and the Nigeria Stock Exchange Port Harcourt office. A non-experimental causal (Ex post facto) research design was appropriately adopted to address the research objectives of the study. The lease square regression analysis, precisely the random effect model was used (with the aid of E-views 10) to empirically answer eight research questions raised in the study. The results showed that human resource accounting disclosure and training cost significantly affect Return on Asset and Return on Equity positively while Number of staff and increment in staff salaries has a statistically significant negative effect on Return on Asset. Based on these results, recommendations were given as follows among others, that: Insurance firms should do more in terms of building the culture of capacity building training, developing and motivating the personnel to put in their best for the financial growth of their organizations and enhancing their capacity to improve organizational performance and Insurance firms should increase their human resource accounting disclosure in other to increase stakeholders’ confidence in doing business with them thereby improving its performance.

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Do Financial Performance And Firm Value Can Improve Corporate Responsibility Disclosure?

Jurnal Manajemen ◽

10.24912/jm.v23i1.456 ◽

2019 ◽

Vol 23 (1) ◽

pp. 150

Author(s):

Dini Wahjoe Hapsari, Willy Sri Yuliandhari, M. Fadel Variza

Keyword(s):

Regression Analysis ◽

Financial Performance ◽

Firm Value ◽

Cost Allocation ◽

Stock Exchange ◽

Sampling Technique ◽

Statistical Testing ◽

Data Allocation ◽

Company Value ◽

Corporate Social

The aims of this research are to find out how the effect of financial performance is proxied by ROA and ROE on the firm value which is proxied by Tobin's Q with CSR that is proxied by cost allocation as moderating the plantation sub-sector listed on the Indonesia Stock Exchange for the period of 2013-2016. This research will seek the causes of whether CSR data allocation is able to strengthen or weaken the influence of financial performance on firm value. The sampling technique used was purposive sampling, and eight companies were selected as samples of plantations with a four-year research period to obtain 32 sample units. The analytical method used is descriptive statistical testing, panel data regression analysis and moderated regression analysis (MRA) using e-views software 9.0 versions. Based on the result of the test, the financial performance variables that are proxied by ROA and ROE partially and simultaneously have a significant positive effect on firm value. While the MRA showed that CSR weakens the relationship between financial performance and company value. Based on the result that the companies and investors need to pay attention to the composition of financial performance and disclosure of corporate social responsibility, hence the investor is able to minimize the risks that will be borne when investing their capital.

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PENGARUH KINERJA KEUANGAN DAN TINGKAT KEBIJAKAN UTANG TERHADAP NILAI PERUSAHAAN DENGAN GROSS DOMESTIC PRODUCT SEBAGAI VARIABEL MODERATOR PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BEI PERIODE 2015-2017

Jurnal Muara Ilmu Ekonomi dan Bisnis ◽

10.24912/jmieb.v3i2.5101 ◽

2019 ◽

Vol 3 (2) ◽

pp. 289

Author(s):

Stella Febriyani Irsan ◽

Jonnardi Jonnardi

Keyword(s):

Regression Analysis ◽

Gross Domestic Product ◽

Financial Performance ◽

Firm Value ◽

Research Method ◽

Stock Exchange ◽

Domestic Product ◽

Mining Companies ◽

Good Corporate Governance ◽

Debt Policy

Penelitian ini bertujuan untuk mengetahui pengaruh kinerja keuangan dan tingkat kebijakan utang terhadap nilai perusahaan dengan gross domestic product sebagai variabel moderator pada perusahaan pertambangan yang terdaftar di BEI periode 2015-2017. Penelitian ini dijalankan didasari atas pertumbuhan ekonomi pada kuartal I-2018 yang tercatat sebesar 5,06%. Namun, dari lapangan usahanya, sektor pertambangan mengalami pertumbuhan paling kecil di level 0,74%. Meski tumbuh paling kecil, sektor pertambangan mulai bangkit dari keterpurukannya dari periode yang sama tahun lalu yang tumbuh negatif -1,22%. Hal ini menunjukkan bahwa saat ini, industri pertambangan merupakan salah satu industri yang belum mampu menunjukkan kestabilan di pasar. Metode penelitian yang digunakan dalam penelitian ini adalah metode penelitian kuantitatif dengan pendekatan asosiatif. Metode pengolahan data yang digunakan dalam penelitian ini adalah regresi data panel dengan pendekatan moderated regression analysis. Dari hasil penelitian ditemukan bahwa kinerja keuangan tidak berpengaruh terhadap nilai perusahaan, dan tingkat kebijakan utang berpengaruh positif signifikan terhadap nilai perusahaan. Gross domestic product tidak memoderasi pengaruh kinerja keuangan terhadap nilai perusahaan, namun Gross domestic product memperkuat pengaruh tingkat kebijakan utang terhadap nilai perusahaan pertambangan yang terdaftar di BEI periode 2015-2017. Saran yang dapat diberikan adalah penambahan jumlah tahun penelitian agar penelitiannya mendapatkan hasil yang lebih akurat, lebih luas, terpercaya, dan mampu untuk menggambarkan keadaan dengan lebih jelas, serta menambahkan jumlah variabel independen yang dapat digunakan yang dapat mempengaruhi nilai perusahaan seperti praktik manajemen laba, Good Corporate Governance, Risiko bisnis, dan sebagainya. This study aims to determine the effect of financial performance and the level of debt policy on the value of companies with gross domestic product as a moderating variable in mining companies listed on the Indonesia Stock Exchange in the 2015-2017 period. This research was carried out based on economic growth in the first quarter of 2018 which was recorded at 5.06%. However, from the business field, the mining sector experienced the smallest growth at the level of 0.74%. Despite growing the smallest, the mining sector began to rise from its downturn from the same period last year which grew negative -1.22%. This shows that currently, the mining industry is one industry that has not been able to demonstrate stability in the market. The research method used in this study is a quantitative research method with an associative approach. The data processing method used in this study is panel data regression with a moderated regression analysis approach. From the results of the study found that financial performance has no effect on firm value, and the level of debt policy has a significant positive effect on firm value. Gross domestic product does not moderate the effect of financial performance on firm value, but Gross domestic product strengthens the influence of the level of debt policy on the value of mining companies listed on the Indonesia Stock Exchange in the 2015-2017 period. Suggestions that can be given are increasing the number of years of research so that the research gets results that are more accurate, more extensive, reliable, and able to describe the situation more clearly, as well as adding the number of independent variables that can be used that can affect company value such as earnings management practices, Good Corporate Governance, Business risk, and so on.

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