Effect of Corporate Governance Practices on Comprehensive Income in Listed Non-financial Firms in Nigeria
Year: 2026
Type: article
Abstract: Other Comprehensive Income (OCI) has gradually become a crucial part of financial reporting under International Financial Reporting Standards (IFRS). However, since many OCI items involve fair value estimation, actuarial assumptions, asset revaluations, and foreign currency translation adjustments, their reporting remains prone to managerial judgments. This raises concerns regarding the reliability, transparency, and comparability of OCI disclosures. Despite growing interest in OCI reporting, limited evidence exists regarding the governance practices that affect the extent of OCI disclosures. Therefore, this study examined the effect of corporate governance practices on other comprehensive income reporting among listed non-financial firms in Nigeria. The study investigates whether board independence, auditing and internal control systems, and executive compensation influence OCI reporting. The study adopts an ex-post facto research design and utilizes secondary data obtained from the annual reports and accounts of 63 listed non-financial firms in Nigeria covering the period 2019–2024. The data was analyzed using panel regression techniques. The findings reveal that board independence, auditing and internal control systems, and executive compensation exert positive and significant effects on OCI reporting. The results suggest that firms with stronger governance structures provide more credible, transparent, and informative OCI disclosures. The study concludes that corporate governance practices influence OCI reporting and recommends that listed non-financial firms in Nigeria should strengthen auditing and internal control systems to enhance the reliability, accuracy, and transparency of OCI reporting.
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7166350323
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