IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 7 2022
DOI: https://doi.org/10.56201/jafm.v8.no7.2022.pg50.63

---

Chief Executive Officers Dynamics And Corporate Voluntary Disclosures in Nigeria and South Africa

Dike Chinonso Chinwe, Dr. Emeka Obiora Peters, Dr. okeke Franklin C.S

---

Abstract

This study investigated the effect of Chief Executive Officers Dynamics on voluntary disclosure of selected industrial goods firms in Nigeria and South Africa. Corporate social responsibility was used as dependent variable while chief executive officers’ tenure, chief executive officers’ age, chief executive officers’ experience, were used as independent variables. A sample of 26 quoted industrial goods firms from two African countries (Nigeria and South Africa) was used for the period of ten years spanning 2012 to 2021. The study employed ex-post facto and longitudinal research design. The secondary sources of data were collected from annual reports and seven (3) specific objectives and hypotheses were subjected to some preliminary data tests like descriptive statistics, Pearson correlation analysis, Variance inflation factor, histogram normality tests and were tested using binary logit least regression analysis. Using a sample of 260 from two African countries firm-year observations, the result revealed that chief executive officers tenure and chief executive officers experience has positive and significant effect on voluntary disclosure practices which was statistically significant at 1% and 5% levels of significance respectively while, CEO Age was found to have negative and insignificant effect on voluntary disclosure practices. Based on the findings made, the study recommends among others that quoted industrial goods firms in Nigeria and South Africa should ensure that the long tenure of CEOs should be encouraged among Nigeria firms while the maximum three years of CEO tenure should be discouraged among South Africa firms and it should be backed up by law and strictly enforced. Again, the study recommend that management of industrial goods firms in Nigeria and South Africa should Long tenure of CEOs should be encouraged among Nigeria firms while the maximum three years of CEO tenure should be discouraged among South Africa firms and it sho

keywords:

chief executive officer dynamics, voluntary disclosures, CEO Tenure, CEO Age and CEO experience

---

References:

Alberici, A., & Querci, F. (2016). The quality of disclosures on environmental policy:
The profile of financial intermediaries. Corporate social responsibility and
environmental management, 23(5), 283-296

Alberici, A., & Querci, F. (2016). The quality of disclosures on environmental policy:
The profile of financial intermediaries. Corporate social responsibility and
environmental management, 23(5), 283-296.

Alchain & Demsetz, H. (1972). Production, information costs and economic
organization.American Economic Review, 1(1) 777-795
Ali, B. & Seyi, O. (2017). The new corporate directors: Insights for board members and
executives (New York: Whiley).

Ali, S. M., Salleh, N. M., & Hassan, M. S. (2010). Ownership structure and earnings

Barako, D. G. (2007). Determinants of voluntary disclosures in Kenyan companies annual

Barako, D.G., Hancock, P., & Izan, H.Y.(2006). Factors influencing voluntary
Corporate disclosure by Kenyan companies. Corporate Governance: An international
review, 14 (2), 107?125.

DOWNLOAD PDF

---

Back