Accounting Information and Firm Performance of Quoted Pharmaceutical Companies in Nigeria
Abstract
This study examined the effect of accounting information quality on the performance of quoted pharmaceutical companies in Nigeria. Accounting information quality was proxied by relevance, timeliness, and reliability, while firm performance was measured using return on equity . The study adopted an ex post facto research design and utilized secondary data obtained from the audited financial statements of pharmaceutical firms listed on the Nigerian Exchange Group over the period 2020–2024. Data were analyzed using descriptive statistics and the Ordinary Least Squares regression technique. The findings revealed that accounting information quality significantly influences firm performance. Specifically, relevance and reliability exhibited positive and statistically significant effects on return on equity, while timeliness showed a weaker but significant relationship. The results indicate that improvements in the quality of financial reporting enhance firm performance and strengthen stakeholder confidence. The study concludes that the qualitative attributes of accounting information are critical drivers of firm performance and recommends that firms improve the relevance, timeliness, and reliability of financial reports to enhance financial outcomes.
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