Corporate governance mechanisms and financial reporting quality of commercial banks in Nigeria

Sunday Ogbeide (), Henry Ogiugo and Isaac Adesuyi ()
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Sunday Ogbeide: Elizade University
Henry Ogiugo: Ajayi Crowther University
Isaac Adesuyi: Elizade University

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Abstract: This study examined corporate governance mechanisms and financial reporting quality of listed commercial banks in Nigeria. The population of the study consists of all listed commercial banks on the stock exchange as at 31 st December 2018. A sample of nine (9) listed commercial banks were selected and data were collected over the period 2008 to 2018. Descriptive statistics and panel Least Square regression were used for the data analysis. The findings reveal that board size and audit committee were negative and exerted significant impact on financial reporting quality of listed commercial banks while board independence is significant and exerts a positive influence on financial reporting quality of listed commercial banks in Nigeria. Female directorship does not have a significant relationship with financial reporting quality of listed commercial banks in Nigeria. The study therefore recommends that steps should be taken by regulators to stipulate stiffer penalty on firms engaging in earnings smoothing capable of undermining corporate governance ethics and framework for banks in Nigeria as this will serve as deterrent to others and further entrench sanity.

Keywords: Board Size; Board Independence; Female Directorship; Audit Committee Size; financial Reporting Quality (search for similar items in EconPapers)
Date: 2021-03-30
New Economics Papers: this item is included in nep-acc and nep-cfn
Note: View the original document on HAL open archive server: https://hal.science/hal-03583879
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Citations: View citations in EconPapers (2)

Published in Insights into Regional Development, 2021, 3 (1), pp.136 - 146. ⟨10.9770/ird.2021.3.1(8)⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03583879

DOI: 10.9770/ird.2021.3.1(8)

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