DETERMINANTS OF CORPORATE GOVERNANCE REPORTING AMONG LISTED NON-FINANCIAL FIRMS IN NIGERIA
Journal Title: Malete Journal of Accounting and Finance - Year 2024, Vol 4, Issue 2
Abstract
One of the major problems encountered by investors in developing economies is the issue of corporate governance disclosure which could lead to potential business failures as investors might lose confidence in a company. This study examines the determinants of corporate governance reporting in among listed non-financial firms in Nigeria. Specifically, the study investigates the extent to which various corporate governance indices (board independence, CEO duality and gender diversity) influence corporate governance reporting among listed non-financial firms in Nigeria. The population consists of all the one hundred and fourteen (114) listed non-financial firms in Nigeria. Panel data were obtained from the annual reports and accounts of the sampled (23) firms using judgmental sampling technique for the period of 2012 to 2020. An ex-post facto research design was used and the data were analyzed using binary logistic regression technique. Findings from the study revealed that board independence and CEO duality showed a positive and significant impact on corporate governance disclosure of listed non-financial companies in Nigeria (with p-value of 0.081 and 0.022 respectively) while gender diversity appear statistically insignificant (with p-value of 0.427). The study concluded that board independence and CEO duality significantly and positively determines the extent of corporate governance reporting in Nigerian listed non-financial firms. It is therefore recommended that in making a decision on what the composition of the board should be, companies should not only focus on the numerical strength of the board but also look critically at the independence of the board in order to improve their corporate disclosure.
Authors and Affiliations
Bolaji Ibrahim Abiola,Abiodun Lukuman Olaiya,Kamar Adeyemi,Abdelfattah Bolarinwa Jimoh,
Keywords
Related Articles
- EP ID EP745083
- DOI -
- Views 1
- Downloads 0
CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE OF LISTED CEMENT MANUFACTURING COMPANIES IN NIGERIA
The relevance of corporate social responsibility in corporate performance needs continuous reassessment for the validity or otherwise of the previous related studies. This informed the current study to empirically examin...
STRATEGIC MANAGEMENT CONTROLS AND OPERATIONAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN SOUTH-WEST NIGERIA
Small and Medium Enterprises (SMEs) in South-West Nigeria often face performance challenges due to inadequate strategic formulation, ineffective implementation, and insufficient evaluation, leading to resource underutili...
CUSTOMER RELATIONSHIP MANAGEMENT TOOLS AND ORGANIZATIONAL PERFORMANCE OF COMMERCIAL BANKS IN SOUTHWEST, NIGERIA
The purpose of the study was to examine the extent at which customer relationship management tools influence the organizational performance of commercial banks in Southwest, Nigeria. The study was carried out using the d...
DETERMINANTS OF CORPORATE TAX AGGRESSIVENESS IN NIGERIAN DEPOSIT MONEY BANKS
The profit mÉking motives of business enterprise Énd the quest to meet up with shÉreholder expectÉtion especially in banking industry hÉs resulted in Émong other Éctivities in the firm to tÉx ÉvoidÉnce meÉsure...
INTERNAL AUDIT EFFICIENCY AND PUBLIC SECTOR PERFORMANCE: A STUDY OF SELECTED MDAs IN KWARA STATE
The challenges of preventing corrupt practices, the necessity for the advancement of good governance, and the need for the assurance of accountability and transparency necessitated sound internal audit practice. Thus, th...