ABSTRACT
The study investigated the effect of corporate governance on risk discosure in Nigeria. While the specific objectives are to determine the relationship between risk discosure and firm size, ownership concentration, board independence and profitability in Nigerian firms.
This study is an ex-post facto method of research. The population size of this study cuts across the 15 money deposit banks in Nigeria. They were a combination of both five(5) banks wilth international authorization and ten bankls with nationa authorization in Edo state due to geographical coverage. It is upon the population size of 15 money deposit banks in Nigeria a consensus of all the banks from the sample size of the study. While a random sampling method was used in this study.
To comply with the stated research objectives, the study employed panel data mainly from secondary sources which are quantitative in nature. The data were obtained from the annual reports of individual banks submitted to Nigerian Securities Exchange for the period of eight years (2013-2020). Therefore, the data needed was extracted from the audited financial reports of the selected firms within the period of the study. The method of data analysis which the study employed is ordinary least square.
The findings of the study revealed that a negative relationship exists between the proportion of ownership concentration and risk disclosure index of banks in Nigeria. This means that an increase in the ratio of ownership concentration will result in a decrease in risk disclosure of financial institutions in Nigeria. However, a positive relationship exists between firm size and risk disclosure; independent director and risk disclosure and profitability and risk disclosure, this implies that, as each of these variable increases, risk disclosure of financial institutions in Nigeria will also increases.
