Effect of Board Attributes on Financial Reporting Lag of Listed Deposit Money Banks in Nigeria

Naburgi M.m, Jacob O. Ame & Mohammed and Mustapha Sule
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Naburgi M.m: Department of Accounting, Nasarawa State University Keffi
Jacob O. Ame & Mohammed: Department of Accounting, Nasarawa State University Keffi
Mustapha Sule: Department of Accounting, Nasarawa State University Keffi

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 6, 3576-3592

Abstract: This study investigates the board attributes on financial reporting lag (FRL) among quoted deposit money banks (DMBs) in Nigeria, focusing on board expertise (BEXP), independent directors (IND), board size (BS), and board gender (BGD). Using secondary data from annual reports and accounts of 14 DMBs listed on the Nigerian Exchange Group (NGX) for the period 2014 to 2023, the study employs logistic regression analysis to examine the relationships between these governance variables and the timeliness of financial reporting. The results reveal that board expertise, board size, and board gender significantly influence financial reporting lag, while independent directors were not found to have a significant effect. The study concludes that enhancing board expertise, increasing gender diversity, and maintaining larger boards can improve the timeliness of financial reporting. Based on the findings the study recommends that Policymakers and regulators should consider these findings when designing corporate governance codes and regulations. Promoting board diversity and enhancing the financial expertise of board members can significantly improve financial reporting practices, contributing to greater transparency and investor confidence in the banking sector.

Date: 2025
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