INTEGRATED REPORTING PRACTICES AND THEIR INFLUENCE ON THE MARKET VALUE OF NIGERIAN INDUSTRIAL GOODS COMPANIES

Abstract

This study investigated the effect of Integrated reporting on the market value of listed industrial goods companies in Nigeria from 2014-2023. The research design adopted for the study was ex post facto, secondary data were used and the population of the study consisted of 13 listed industrial goods companies out of which a sample size of 11 was purposively selected.  The method of data analysis employed was ordinary Least Square regression analysis and the statistical software employed was E-views version. The findings f the study revealed that financial capital (Coef. 0.21 p-value 0.043) has significant positive effect on market value added of listed industrial goods companies in Nigeria; manufactured capital has significant positive effect on market value added of listed industrial goods companies in Nigeria; Intellectual capital (Coef. 0.01 p-value 0.0001) has significant positive effect on market value added of listed industrial goods companies in Nigeria. It was thus concluded that integrated reporting significantly add value to the firm market price. It was therefore recommended among others that the management of industrial goods companies should strategically manage their financial resources by maintaining a balanced mix of debt and equity to optimize their capital structure. By effectively leveraging available financial capital, firms can pursue growth initiatives and enhance their value. Additionally, firms should enshrine financial planning and risk management in their strategic policy ensure the sustainability of their financial capital base.