CORPORATE GOVERNANCE, FINANCIAL PERFORMANCE AND AUDIT QUALITY OF LISTED FIRMS IN NIGERIA

Jeroh Edirin, Ekwueme C. M. and Okoro G. Edesiri
Authors registered in the RePEc Author Service: Okoro Edesiri Godsday

Journal of Academic Research in Economics, 2015, vol. 7, issue 2 (July), 220-231

Abstract: This study examined corporate governance, financial performance and audit quality of listed firms in Nigeria. In order to achieve this, secondary data were obtained from the Factbook of the Nigerian Stock Exchange as well as the Annual Reports and Accounts of fiftyeight (58) listed firms for a period of 24 years spanning from 1990 to 2013. The Logistic regression was the tool adopted to analyze the data obtained for this study. The findings from the analysis of data indicated that ownership by non-executive director has the possibility of increasing audit quality. Evidence from the study also suggests that firm size, leverage, profitability and CEO duality are important factors that determine audit quality in Nigeria. We also found a link between corporate governance, financial performance and the audit quality of listed firms in Nigeria. On the basis of these findings, we recommended that the management of organizations should adhere strictly to the codes of best practice of good corporate governance as this would to a large extent help in enhancing corporate governance and the financial performance of firms and by extension, the quality of audit in Nigeria.

Keywords: Audit Quality; Corporate Governance; Financial Reporting; Audit; Decision Making; Nigeria. (search for similar items in EconPapers)
JEL-codes: G30 G34 M41 M42 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jare-sh.com/downloads/abstract_jul_2015/edirin.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:shc:jaresh:v:7:y:2015:i:2:p:220-231

Access Statistics for this article

Journal of Academic Research in Economics is currently edited by Claudiu Chiru

More articles in Journal of Academic Research in Economics from Spiru Haret University, Faculty of Accounting and Financial Management Constanta Contact information at EDIRC.
Bibliographic data for series maintained by Claudiu Chiru ().