Corporate Governance Structure and Financial Reporting Quality of Non-Financial Firms in Nigeria

Abstract

This study investigates if there is any relationship between certain corporate board characteristics and financial performance of non-financial listed firms in Nigeria. It uses secondarily sourced panel data over the period from 2007 to 2022 of 75 such firms listed on the floor of the Nigerian Exchange Group (NXG). The generalized method of moments (GMM) results reveal that board independence, board gender diversity, foreign ownership, institutional ownership, number of foreign directors, board busyness, chief executive officer (CEO) with financial expertise and chief executive officer (CEO) with military experience are positively significant with discretionary accruals; board size, board meetings, board financial expertise, managerial ownership, top5 ownership or ownership concentration, audit committee financial expertise and audit committee The study concludes with some gender diversity are negatively significant with it. recommendations.

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