Corporate governance characteristics and timeliness of financial reporting of quoted non-financial firms in Nigeria: A Poisson regression method of analysis
Year: 2024
Type: article
Abstract: This study investigates the relationship between corporate governance and timeliness of financial reporting of quoted non-financial firms in Nigeria. The study uses secondarily sourced panel data over the period from 2008 to 2023 of 75 firms quoted on the floor of the Nigerian Exchange Group (NXG). The results of the Poisson regression method indicated that board size, board same surname, board financial expertise, institutional ownership, foreign ownership, top5 ownership or ownership concentration, top10 ownership or ownership concentration, founder & family ownership, inter-locking directorship, board national diversity and number of foreign directors are all negatively significant with timely statement. Board independence, board gender diversity, top20 ownership or ownership concentration, board compensation, board tribal diversity, number of board committees, chief executive officer (CEO) experience, CEO reputations, CEO age, CEO tenure are all positively significant with timely statement. Board meetings, board political connections, managerial ownership and CEO with military experience are insignificant. The study concludes with recommendations.
Authors: Lawrence U. Egbadju, Makeni E. Mansi
Institution: Federal University Otuoke
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4407903885