DOES EARNINGS MANAGEMENT PRACTICE AFFECT THE PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA?

Oyefemi Olympus Oworu (), Jayeola Olabisi (), Olagunju Adebayo () and Efetobore Okorodudu ()
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Oyefemi Olympus Oworu: Department of Accounting, Federal University of Agriculture, Abeokuta, Nigeria
Olagunju Adebayo: Department of Accounting, Osun State University, Nigeria
Efetobore Okorodudu: Department of Accounting, Federal University of Agriculture, Abeokuta, Nigeria

Contemporary Economy Journal, 2020, vol. 5, issue 1, 94-103

Abstract: The study investigated the effect of earnings management practices on the financial performance of listed consumer goods firms in Nigeria. The study adopted ex-post-facto design to collect data for the study on the events already in existence. The purposive sampling technique was employed to select 10 firms out of 21 listed firms contingent on the availability of data. The study generated secondary data, over a period of eleven years 2008-2018, from the audited financial reports of sampled firms. The data were analyzed using descriptive and inferential statistics coupled with multiple regressions. In the model, Return on Asset (ROA) was used to measure financial performance while Earnings per Share (EPS), Operating Cash Flow (OCF), and Firm Size (FSIZE) were surrogates for earnings management. The study showed a significant and positive influence of EPS on ROA (p-value

Keywords: Earnings Management; Performance; Return on Asset; Earnings per Share; Operating Cash Flow; Firm Size (search for similar items in EconPapers)
JEL-codes: L25 P34 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:5:y:2020:i:1:p:94-103

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