Effect Of Firm Characteristics On Financial Reporting Quality Of Listed Consumer Goods Companies In Nigeria

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17 (Dec. 2018).pdf (2.97 MB)

Date

2018-12-02

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Department of Accounting, Faculty Of Administration, Nasarawa State University, Keffi

Abstract

This study investigates the effects of firms ’ characteristics on financial reporting quality of listed consumer goods companies in Nigeria for the period of ten years, from 2008-2017. An ex-post facto research design was adopted for the study. The population of the study consists of 22 consumer goods companies listed on the floor of the Nigerian Stock Exchange (NSE). The data used in this study were secondary data derived from annual reports of consumer goods companies that are listed on the NSE. The study used panel regression with respect to the use of Hausman specification test to settle on the use of fixed effect model. The study revealed that firm structural characteristics have significant negative effects on FRO of listed consumer goods companies in Nigeria, while monitoring characteristics has no significant effects on FRQ of listed consumer goods companies in Nigeria. Also, performance characteristics have no significant effects on FRO of listed consumer goods companies in Nigeria. The study concludes that firm characteristics are significant factor that determines financial reporting quality of listed consumer goods. Based on the findings derived from this study, the study recommends that the regulatory bodies such as SEC and FRC should engage in activities that will propel the big firms to disclose all the necessary information required of them in the published financial statements with great emphasis on quality financial reporting among other recommendations.

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Keywords

Financial Reporting, Reporting Quality, Firm Characteristics

Citation

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https://keffi.nsuk.edu.ng/handle/20.500.14448/566

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