THE EFFECT OF MANAGERIAL OWNERSHIP ON TOTAL COMPREHENSIVE INCOME REPORTING: EVIDENCE FROM LISTED NIGERIAN FINANCIAL FIRMS
Abstract
This study investigates the nexus between managerial ownership (MO)
and the reporting outcomes of Total Comprehensive Income (TCI)
among listed financial firms in Nigeria. Covering the period 2020–2024, the research examines how director equity stakes influence the
transparency of "Other Comprehensive Income" (OCI) components, such as unrealized gains/losses on financial assets and foreign
exchange revaluations. Using a panel data approach with fixed-effects
regression on 150 firm-year observations from financial firms listed on
the Nigerian Exchange Group (NGX), findings indicate an average TCI
of ₦17.98 million. Results show that managerial ownership has a
significant positive effect on TCI reporting quality, supporting the
interest-alignment argument of Agency Theory. However, the data
also suggests that excessive ownership leads to entrenchment, particularly during the 2024 currency volatility and recapitalization
cycles.
This article is available as a PDF download
Published in JOURNAL OF ACCOUNTING AND BUSINESS
ISSN: 1596-9912
This article appears in our peer-reviewed academic journal
View JournalRelated Articles
Explore similar research in our collection
EFFECT OF EXTERNAL AUDIT OPINION ON RETURN ON ASSET OF SELECTED FOOD AND BEVERAGE MANUFACTURING FIRMS IN NIGERIA
OLADEJO MORUFU. O, OJO OLAJIDE. C, BADMUS IDAYAT.O
Jul 15, 2026
External audit has become a fundamental area of audit research in recent times especially after the ...
View ArticleFINANCIAL ASSETS PERFORMANCE AND HERDING BEHAVIOUR IN NIGERIAN FINANCIAL MARKETS. A CROSS-SECTIONAL ABSOLUTE DEVIATION (CSAD) APPROACH
IFEANYI S. MGBATAOGU (PhD), TAMNYEGEYA S. IKUE-JOHN (DBA), EMEKA J. OKEREKE (PhD), PRINCE C. NWAKANMA (PhD)
Jun 27, 2026
This study evaluates the effect of returns, volatility on herding behaviour in Nigerian financial ma...
View ArticleCYBER-SECURITY AND DIGITAL ACCOUNTING IN NIGERIA
EHIGIE ISOKEN PRAISE, EHIGIE A. HUMPHREY, PhD, FCA, IKPONMWONBA FAVOUR
Jun 24, 2026
This study explores the impact of cybersecurity practices on digital accounting in Nigeria, focusing...
View Article