Effect of Pension Liability Disclosure on the Financial Performance of Pension Fund Administrators (PFAs) in Nigeria
Abstract
This study examines the effect of pension liability disclosure on the financial performance of Pension Fund Administrators (PFAs) in Nigeria during the period 2014 to 2024. The study was guided by Agency, Signaling, Stewardship, and Modern Portfolio theories and anchored on a null hypothesis concerning pension liability disclosure and financial performance. An ex post facto research design was employed, utilizing secondary panel data obtained from audited annual reports of PFAs and PenCom publications. Pension liability disclosure (PLDIS) served as the independent variable, Return on Assets (ROA) as the dependent variable, while interest rate was used as a control variable. Fixed-effects regression analysis was conducted. The findings reveal that pension liability disclosure has a significant effect on PFAs ROA. The study concludes that transparent and adequate disclosure of pension liabilities strengthens accountability, investor confidence, and regulatory compliance, thereby improving financial performance.
Keywords
Pension Liability, Disclosure, Financial Performance, Pension Fund Administrators, Nigeria
Citations
IRE Journals:
Gurowa, Sani Usman (PhD), Nuhu Umar (PhD), Aminu Ibrahim Yakasai (PhD) "Effect of Pension Liability Disclosure on the Financial Performance of Pension Fund Administrators (PFAs) in Nigeria" Iconic Research And Engineering Journals Volume 9 Issue 7 2026 Page 2645-2654 https://doi.org/10.64388/IREV9I7-1713447
IEEE:
Gurowa, Sani Usman (PhD), Nuhu Umar (PhD), Aminu Ibrahim Yakasai (PhD)
"Effect of Pension Liability Disclosure on the Financial Performance of Pension Fund Administrators (PFAs) in Nigeria" Iconic Research And Engineering Journals, 9(7) https://doi.org/10.64388/IREV9I7-1713447
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