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Title: CORPORATE GOVERNANCE AND QUALITY OF FINANCIAL REPORTING;
NIGERIA PERSPECTIVE |
Authors: Olanlokun Adewale E. and Sholola Babajide M. ,Nigeria |
Abstract: The main aim of this study was to examine the impact of corporate governance on the quality of
financial reporting in Nigeria. To achieve the objective of this study,secondary data were sourced
from the annual reports and financial statements of thirteen manufacturing companies quoted on
the floor of stock exchange in Nigeriaas at September, 2015 spanning over 2006 – 2015 of ten
years financial reports where Ex-post Facto research design and Stakeholder Theory were
adopted. The sampled Manufacturing companies are; Cadbury Nigeria Plc, Dangote Flour Mills
Plc, DN Tyre and Rubber Plc, Guinness Nigeria Plc, Honeywell Flour Mills Plc, 7 – Up Bottling
Company Plc, Nigerian Brewery Plc, Nestle Nigeria Plc, Pz Cussons Nigeria Plc, Unilever
Nigeria Plc, Flour Mills Nigeria Plc, Multi – Trex Integrated Food Plc, Nascon Allied Industries
Plc. Corporate Governance was proxies by Board Size, Audit Committee, CEO duality. The
findings revealed that Board size and CEO Duality has negative effect on the quality of financial
reportingwhile the Audit committee has positive significant effect on financial reporting in
Nigeria. In recommendation; the Boards need to be financial expertise and effort should be made
to include a financial expert as the CEO or Chairman this could contribute to the quality of
financial reporting in Nigeria |
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