Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria
This study examined corporate governance mechanisms and financial reporting quality of listed commercial banks in Nigeria. The population of the study consists of all listed commercial banks on the stock exchange as at 31st December 2018. A sample of nine (9) listed commercial banks were selected an...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Entrepreneurship and Sustainability Center
2021-03-01
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| Series: | Insights into Regional Development |
| Online Access: | https://jssidoi.org/ird/article/64 |
| _version_ | 1811340689897684992 |
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| author | Sunday Oseiweh Ogbeide Henry Usunobun Ogiugo Isaac Olufemi Adesuyi |
| author_facet | Sunday Oseiweh Ogbeide Henry Usunobun Ogiugo Isaac Olufemi Adesuyi |
| author_sort | Sunday Oseiweh Ogbeide |
| collection | DOAJ |
| description | This study examined corporate governance mechanisms and financial reporting quality of listed commercial banks in Nigeria. The population of the study consists of all listed commercial banks on the stock exchange as at 31st December 2018. A sample of nine (9) listed commercial banks were selected and data were collected over the period 2008 to 2018. Descriptive statistics and panel Least Square regression were used for the data analysis. The findings reveal that board size and audit committee were negative and exerted significant impact on financial reporting quality of listed commercial banks while board independence is significant and exerts a positive influence on financial reporting quality of listed commercial banks in Nigeria. Female directorship does not have a significant relationship with financial reporting quality of listed commercial banks in Nigeria. The study therefore recommends that steps should be taken by regulators to stipulate stiffer penalty on firms engaging in earnings smoothing capable of undermining corporate governance ethics and framework for banks in Nigeria as this will serve as deterrent to others and further entrench sanity. |
| first_indexed | 2024-04-13T18:45:38Z |
| format | Article |
| id | doaj.art-c92dd479e26a41eea1480a511bb930ab |
| institution | Directory Open Access Journal |
| issn | 2669-0195 |
| language | English |
| last_indexed | 2024-04-13T18:45:38Z |
| publishDate | 2021-03-01 |
| publisher | Entrepreneurship and Sustainability Center |
| record_format | Article |
| series | Insights into Regional Development |
| spelling | doaj.art-c92dd479e26a41eea1480a511bb930ab2022-12-22T02:34:35ZengEntrepreneurship and Sustainability CenterInsights into Regional Development2669-01952021-03-013113614610.9770/IRD.2021.3.1(8)Corporate governance mechanisms and financial reporting quality of commercial banks in NigeriaSunday Oseiweh Ogbeidehttps://orcid.org/0000-0002-2818-7757Henry Usunobun Ogiugohttps://orcid.org/0000-0001-5395-9897Isaac Olufemi Adesuyihttps://orcid.org/0000-0003-3166-6385This study examined corporate governance mechanisms and financial reporting quality of listed commercial banks in Nigeria. The population of the study consists of all listed commercial banks on the stock exchange as at 31st December 2018. A sample of nine (9) listed commercial banks were selected and data were collected over the period 2008 to 2018. Descriptive statistics and panel Least Square regression were used for the data analysis. The findings reveal that board size and audit committee were negative and exerted significant impact on financial reporting quality of listed commercial banks while board independence is significant and exerts a positive influence on financial reporting quality of listed commercial banks in Nigeria. Female directorship does not have a significant relationship with financial reporting quality of listed commercial banks in Nigeria. The study therefore recommends that steps should be taken by regulators to stipulate stiffer penalty on firms engaging in earnings smoothing capable of undermining corporate governance ethics and framework for banks in Nigeria as this will serve as deterrent to others and further entrench sanity.https://jssidoi.org/ird/article/64 |
| spellingShingle | Sunday Oseiweh Ogbeide Henry Usunobun Ogiugo Isaac Olufemi Adesuyi Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria Insights into Regional Development |
| title | Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria |
| title_full | Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria |
| title_fullStr | Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria |
| title_full_unstemmed | Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria |
| title_short | Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria |
| title_sort | corporate governance mechanisms and financial reporting quality of commercial banks in nigeria |
| url | https://jssidoi.org/ird/article/64 |
| work_keys_str_mv | AT sundayoseiwehogbeide corporategovernancemechanismsandfinancialreportingqualityofcommercialbanksinnigeria AT henryusunobunogiugo corporategovernancemechanismsandfinancialreportingqualityofcommercialbanksinnigeria AT isaacolufemiadesuyi corporategovernancemechanismsandfinancialreportingqualityofcommercialbanksinnigeria |