The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria
This study investigated the implications of board independence and foreign ownership on audit quality of manufacturing firms in Nigeria. The specific objectives of the study are to examine the effects of board independence as well as foreign ownership on audit quality of manufacturing firms quoted i...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universitas Airlangga
2021-11-01
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| Series: | TIJAB (The International Journal of Applied Business) |
| Subjects: | |
| Online Access: | https://e-journal.unair.ac.id/TIJAB/article/view/26736 |
| _version_ | 1797832772553801728 |
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| author | Solomon Oriakhi Emma .I. Okoye Segun Idowu Adeniyi |
| author_facet | Solomon Oriakhi Emma .I. Okoye Segun Idowu Adeniyi |
| author_sort | Solomon Oriakhi |
| collection | DOAJ |
| description | This study investigated the implications of board independence and foreign ownership on audit quality of manufacturing firms in Nigeria. The specific objectives of the study are to examine the effects of board independence as well as foreign ownership on audit quality of manufacturing firms quoted in Nigeria. Secondary data were carefully collected from a total of fifty eight (58) quoted manufacturing firms in Nigeria for the period (2010 – 2018) and the binary model of regression (logit, probit and gombit) was properly used for hypotheses testing. The outcome reveals that board independence had a positive and insignificant influence on audit quality while foreign ownership had a positive and significant influence on audit quality. The study therefore recommends that composition of the board should be such that its function is not undermined and one of such ways is to have an appropriate mixture with non-executive directors. Also having foreign ownership could enhance audit quality given the different corporate cultures they may possess. |
| first_indexed | 2024-04-09T14:13:10Z |
| format | Article |
| id | doaj.art-776b8e4d384d4d549c428a0ad58731c8 |
| institution | Directory Open Access Journal |
| issn | 2599-0705 |
| language | English |
| last_indexed | 2024-04-09T14:13:10Z |
| publishDate | 2021-11-01 |
| publisher | Universitas Airlangga |
| record_format | Article |
| series | TIJAB (The International Journal of Applied Business) |
| spelling | doaj.art-776b8e4d384d4d549c428a0ad58731c82023-05-06T04:27:51ZengUniversitas AirlanggaTIJAB (The International Journal of Applied Business)2599-07052021-11-015211112410.20473/tijab.v5.I2.2021.2673621867The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in NigeriaSolomon Oriakhi0Emma .I. Okoye1Segun Idowu Adeniyi2Edo State Polytehnic Usen, Edo State, NigeriaNnandi Azikwe University, Awka, NigeriaNnandi Azikwe University, Awka, NigeriaThis study investigated the implications of board independence and foreign ownership on audit quality of manufacturing firms in Nigeria. The specific objectives of the study are to examine the effects of board independence as well as foreign ownership on audit quality of manufacturing firms quoted in Nigeria. Secondary data were carefully collected from a total of fifty eight (58) quoted manufacturing firms in Nigeria for the period (2010 – 2018) and the binary model of regression (logit, probit and gombit) was properly used for hypotheses testing. The outcome reveals that board independence had a positive and insignificant influence on audit quality while foreign ownership had a positive and significant influence on audit quality. The study therefore recommends that composition of the board should be such that its function is not undermined and one of such ways is to have an appropriate mixture with non-executive directors. Also having foreign ownership could enhance audit quality given the different corporate cultures they may possess.https://e-journal.unair.ac.id/TIJAB/article/view/26736audit qualityboard independenceforeign ownershipmanufacturing firmsnigeria. |
| spellingShingle | Solomon Oriakhi Emma .I. Okoye Segun Idowu Adeniyi The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria TIJAB (The International Journal of Applied Business) audit quality board independence foreign ownership manufacturing firms nigeria. |
| title | The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria |
| title_full | The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria |
| title_fullStr | The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria |
| title_full_unstemmed | The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria |
| title_short | The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing Firms in Nigeria |
| title_sort | implications of board independence and foreign ownership on audit quality of manufacturing firms in nigeria |
| topic | audit quality board independence foreign ownership manufacturing firms nigeria. |
| url | https://e-journal.unair.ac.id/TIJAB/article/view/26736 |
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