Chief Executive Officers (CEOs) Attributes and Earnings Management of listed Deposit Money Banks (DMBs) in Nigeria

Olusola Lodikero, Kazeem A. Soyinka and Oluwafemi M. Sunday
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Olusola Lodikero: Department of Accountancy, Rufus Giwa Polytechnic, Owo, Ondo State. Nigeria
Kazeem A. Soyinka: Department of Taxation, Rufus Giwa Polytechnic, Owo, Ondo State. Nigeria
Oluwafemi M. Sunday: Department of Taxation, Rufus Giwa Polytechnic, Owo, Ondo State. Nigeria

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 12, 234-239

Abstract: Many studies have appeared in recent years concerning CEO attributes and earnings management in both developed and developing economies. While many of those studies have provided empirical evidence on CEO attributes and earnings management. There are extensive studies CEO attributes and earnings management in developed economies. In contrast, there is a dearth of research on the subject in developing economies (e.g. Nigeria). The present study empirically examined the CEO attributes and earnings management in Nigeria. Secondary data were used for a for a 10-year period (2012-2021), the study and the data were sourced from annual reports of 13 deposit money banks listed on the Nigeria Exchange Group (NEG) as at 31st December, 2021. In determining the dependent variable, discretionary accruals through modified Jones model was used while CEO age, CEO tenure and CEO gender was used to examine CEO attributes. The study utilized panel data analysis with the application of ordinary least square (OLS) regression to test the hypotheses and to ascertain the significant relationship between CEO age, CEO tenure, CEO gender and earnings management of listed deposit money banks in Nigeria. The findings revealed a significant negative relationship between CEO age and earnings management, while CEO tenure and CEO gender were statistically non-significant in explaining variations in earnings management of listed deposit money banks in Nigeria. The study concludes that CEOs age are the strong drivers of earnings management. Therefore, the study recommends that listed deposit money banks in Nigeria should focus on CEOs age as the major criteria for CEO selection or reselection, while less emphasis should be placed on tenure and gender.

Date: 2022
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