AUDIT QUALITY, POLITICAL CONNECTION AND INVESTORS PROTECTION AND HOW THEY AFFECT NIGERIA FIRMS PERFORMANCE

Udisifan Michael Tanko () and Saman Udi Polycarp
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Udisifan Michael Tanko: Department of Accounting and Finance, Federal University Wukari, Taraba, Nigeria
Saman Udi Polycarp: Department of Accounting and Finance, Federal University Wukari, Taraba, Nigeria

Journal of Internet Banking and Commerce, 2019, vol. 24, issue 03, 01-20

Abstract: Firm effective performance is the paramount objective of every profit-making- organisation. It is the aim of every management to see that this objective is actualized. In order to achieved this goal firm engage the service of quality audit firm, elect political connected personnel to serve as Board of Directors as well as ensuring the protection of their investors to encourage others to invest in the firm. The objective of this paper is to examine the effect of audit quality, political connection and investors’ protection on firm performance in Nigeria listed companies. The study used the Big 4 as proxy for audit quality, Return on Assets was used for firm performance while managerial ownership was used as the measurement for investors’ protection. The study employed secondary data. Multiple regression and Pearson Correlation were used to analysed the data. The study revealed that audit quality has positive insignificant effect on firm performance. It also documented that political connection and investors’ protection significantly improved firm performance.

Keywords: Audit Quality; Firm Performance; Investors Protection; Political Connection (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 2019
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