Audit Quality and Firm Value: Evidence from Selected Money Deposit Banks in Abia State, Nigeria

Iheanyichukwu Emmanuel Nkwa, Taofiq Yusuff (), Jide Oyewole, Adetipe Toluwalope Adeleke, Oluwatosin Emmanuel Oladetan and John Ogwo Madukwe
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Iheanyichukwu Emmanuel Nkwa: Department of Business Administration, Faculty of Management Science, Federal University Otuoke Bayelsa, Nigeria.
Taofiq Yusuff: Department of Marketing, Faculty of Business and Management Studies, Yaba College of Technology, Lagos, Nigeria.
Jide Oyewole: Department of Accounting, Faculty of Education, Ekiti State University, Nigeria.
Adetipe Toluwalope Adeleke: Department of Accounting, Faculty of Management Sciences, Redeemer's University, Nigeria.
Oluwatosin Emmanuel Oladetan: Department of Management, Universidad Católica San Antonio de Murcia (UCAM), Spain.
John Ogwo Madukwe: Department of Accounting, Faculty of Management Sciences. Michael Okpara University of Agriculture Umudike, Nigeria.

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Abstract: This paper will explore the audit quality and firm value association of some money deposit banks in Abia State, Nigeria. The survey research design was applied, and the sample size of 120 management staff in six banks was used to gather data in the form of structured questionnaires. Firm value was modeled as market capitalization, which was gathered as a result of bank annual reports, but the audit quality dimensions were implemented through the perceptual survey items. The three indicators were audit independence, audit competence, and audit fee that measured audit quality and market capitalization that measured firm value. The results of the multiple regression analysis showed that the audit independence (b = 0.353, p 0.05) did not show a significant relationship. The combined dimensions of audit quality accounted for 31% of the variance in firm value (Adjusted R2 = 0.306, F = 18.475, p

Date: 2026-01-17
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Published in Journal of Global Economics, Management and Business Research, 2026, 18 (1), pp.170-183

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05464677

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