Department of Banking and Finance

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Browsing Department of Banking and Finance by Author "Adamu, Abdul"

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    CORPORATE GOVERNANCE AND FINANCIAL STATEMENTS’ FRAUD LIKELIHOOD IN LISTED NON-FINANCIAL FIRMS IN NIGERIA
    (Department of Banking and Finance, Nasarawa State University Keffi, 2020-03-01) Abdul, Zainab Hussaini; Adamu, Abdul ; Haruna, Joel
    This study examines the effect of corporate governance on the financial statement fraud likelihood for listed non-financial firms in Nigeria. From the population of 117 non-financial firms quoted on the Nigerian stock exchange as at 2016, a sample of 32 firms were drawn and data from their financial statements were analysed using binary logistic panel regression. The Beneish Score, as the dependent variable was used to classify firms into manipulators (fraud) and non-manipulators (non-fraud). Firms with Beneish score above -2.22 are manipulators and those below are non-manipulators. The finding suggests that board size, board independent, gender diversity, audit committee and board meetings are negatively and significantly related to fraud likelihood. Only board remuneration is positively and significantly related to fraud. This study recommends that Board size of the deposit money banks in Nigeria should be optimum as increasing it affects board remuneration significantly.