Online financial disclosures in the Nigerian public sector

Abstract

The objective of this study is to examine the online financial disclosure practices by Nigerian public sector entities. In achieving this, the cross-sectional research design was employed and data gathered from 27 states for a one year period. The ordered logistic regression technique was used to estimate the model and the findings reveal that wealth and political competition have significant positive relationships with online financial disclosure in Nigeria while the size of the state has a significant but negative relationship. Also, the age of the state has an insignificant relationship with online financial disclosure in Nigeria. Based on these, the study recommends that healthy competition should be encouraged in forms of public debates, assessment polls on public sector entities, frequent programmes aimed at assessing the progress of public entities probably on a yearly basis or biannual or even at the end of a regime (before the commencement of another).

Key elements of local government transparency in new public governance

“…Financial reporting requires a lot of financial information to minimize information asymmetry. Aronmwan and Asiriuwa (2018), Jimoh and Okoye (2016), and Laswad (2005) show that the local government size will encourage the publication and disclosure of financial statements via the Internet, while Perez et al (2014), Nosihana and Yaya (2016), and Stephen et al (2017) reveal that the local government size has no influence on the financial reporting of the local government through the internet. Large-scale local governments require more oversight and accountability, which forces local governments to bear higher supervision and reporting costs.…”