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The paper assesses whether the assets base and profitability of quoted firms in Nigeria determines pension funding disclosure. The population of the study is the 25 sectors of the first tier market consisting of 182 firms. The sample of the study is drawn using random sampling technique, whereby 25 sectors are stratified and 10 are selected. The selection of the ten sampled firms is made as is done in the lottery or raffle draw. This is done in order to give each of the firms a fair chance of being selected. The paper relies on the annual accounts and reports of the ten sample firms. Similarly, the period of the study is two years (2001 to 2002). The technique of analysis adopted is the regression, where the dependent variable is the pension status disclosure, while the total asset and profitability of the quoted firms serve as the independent variables. This it is hoped will allow us determines whether the independent variables have any effects on funded disclosure of employee retirement benefits (pension) in Nigeria. The study concludes the ability of firms quoted on the NSE to fund their pension assets has direct relationship with their asset sizes and respective profitabilities. The paper calls on the appropriate authorities such as the government, professional accountancy bodies and academics to commission research and activities geared towards developing not only accounting policies that would ensure swift compliance with professional requirements and standards, such as SAS 8, but strategies that would ensure optimum investments that enhance net worth and profitability of firms. While on the part of management of firms magical flexes that ensure worthwhile and profitable investments that enhance firms' net worth and value should be the goals to be pursued at all cost. Lastly, the paper calls for further research in the area. |
