Impact of Mandatory Information Disclosure on Compliance with CAMA 2004
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 5
Abstract
Abstract: This study examined the impact of mandatory information disclosure on compliance with companies and allied matter Act(CAMA) of telecommunication companies in Nigeria. The study adopted ex-post facto research design which relied on secondary data collected from the financial statements of three (3) telecommunication companies for the period of 2004 to 2015. The multiple regression model was used to analyze the data. The results indicated that computed compliance index of telecommunication companies were partially complied (av.75.6%) with the requirements of regulatory agencies. Furthermore, the finding revealed that accounting policies has significant impact at 1%, this shows positive compliance by the telecommunication companies, balance sheet and profit and loss has significant impact at 5%. This means that there is a partial compliance by the telecommunication companies, the auditor’s report has significant impact at 10%, and this shows weak compliance by the telecommunication companies. While directors report is insignificant. This means that there is non- compliance by the telecommunication companies. It is concluded that the level of compliance with existing regulation required was partial which showed some internal weaknesses and consequent distress in the operations of the telecommunication companies in Nigeria. To this effect, there is a clarion call for the enforcement of full compliance by all the Telecommunication companies in Nigeria. It is therefore recommended that National Communication Commission should monitor the compliance with the requirements of mandatory information disclosure and pursue its objective to achieve best corporate governance practices in Nigerian telecommunication companies. Keywords: Compliance; CAMA; Mandatory information disclosure; Telecommunication companies
Authors and Affiliations
Kwaji, SiniFave, Ahmed BelloBawa, Ishaya John Dabari
Keywords
Related Articles
- EP ID EP395812
- DOI -
- Views 129
- Downloads 0
Effect of Work Discipline, Career Development, Work Motivation and Work Load on the Loyalty of Women Workers in South Korea Companies
Abstract:The investment value that has been made by South Korea in Indonesia has increased, companies in the field of textiles and shoes require more female workers than men. Workers' loyalty will have a positive impact...
What Are the Islamic Bank Customers Attitude Determinants? A Literature Review
Abstract:The purpose of this paper is to identify the factors that influence the customers' Attitude to patronise Islamic bank by applying theory of planned behaviour. The literature on Islamic banking is extensive and f...
Making the City of Tangerang South, Halal Culinary Tourist City
Abstract:Halal culinary tourism is part of tourism. Tourism in recent years has become a very competitive market. One important component of tourism resources is the destination. The most competitive tourist destinations...
Effect of E-Paper Subscriptions on Revenue Performance of the Standard Media Group Limited, Nairobi, Kenya
Abstract:Content digitization is a current phenomenon that has had a huge impact on traditional media. The era of globalization has had significant effect on the way media houses the world over strive to reach their audi...
An Empirical Study on Impact of Economic, Legal and Ethical Aspects on Corporate Philanthropy
Abstract: Corporate social responsibility remains a topic of interest to researchers and academicians. However, the correlation between its four basic dimensions needs to be supported by more empirical evidence. This pap...