DETERMINANTS OF INTANGIBLES ASSETS DISCLOSURE IN ANNUAL REPORT: EVIDENCE FROM NIGERIAN QUOTED COMPANIES
This study investigates the possible factors that can influence companies in Nigeria to disclose intangible assets in their annual reports to stakeholders. The study used 65 randomly selected quoted companies over a period of five (5) years (2006-2010). In identify the possible firm’s specific characteristics that would influence Nigerian companies’ decision to disclose intangible assets for its stakeholders; descriptive statistics, correlation, and binary logistic regressions were the tools statistically employed. In all, the result shows that the probability for most Nigerian companies to disclose intangible assets are weakly associated with companies in services oriented industry, companies with foreign activities, profitable companies, companies that uses big-audit firms, older firms but highly significant to companies with debt stakeholders. This study therefore conclude that stakeholders with intangible assets disclosure concerns should not pay strong attention to firm’s specific characteristics as most of them might not explain the reason why companies in Nigeria disclose intangible assets.