CEO CHARACTERISTICS AND FINANCIAL REPORTING QUALITY IN NIGERIA: AN EMPIRICAL STUDY OF LISTED INDUSTRIAL GOODS COMPANIES
Abstract
This study examined the effect of chief executive officers (CEOs) attributes on financial reporting quality of listed industrial goods companies in Nigeria. Thus, CEO's attributes being the independent variable was decomposed into three (3) sub variables: ownership, gender diversity and nationality, while the dependent variable was financial reporting quality. A combination of a cross-sectional and longitudinal research design was employed, while secondary data covering a period of eight (8) years (2015-2022), were sourced from the audited annual financial reports and accounts of the sampled industrial firms. The samples of this study consists of all thirteen (13) listed industrial goods companies on the Nigerian Exchange Group (NGX) as of 31st December 2022. Furthermore, the panel data regression techniques were employed in conducting the analysis, and the results revealed that a negative and significant relationship exists between CEO's ownership and financial reporting quality of listed industrial goods companies in Nigeria. It was also observed that CEO's gender diversity had a negative and statistically insignificant effect on financial reporting quality of listed industrial goods companies in Nigeria. And finally, the study found a positive and insignificant relationship between CEO's nationality and financial reporting quality of listed industrial goods companies in Nigeria. Consequently, the study recommended among other things that management of listed industrial goods companies, should pay attention to CEO's ownership to further enhance the significant relationship between the ownership attributes and financial reporting quality.
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Published in UNIPORT JOURNAL OF BUSINESS, ACCOUNTING & FINANCE MANAGEMENT
ISSN: 1596-9911
This article appears in our peer-reviewed academic journal
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