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CEO Gender Diversity and Financial Expertise of Nigerian Oil and Gas Companies: Do They Affect Real Earnings Management?

OZAH Alphonsus Nduka

Abstract

This study examined the influence of chief executive officers gender diversity and financial expertise on real earnings management of listed Nigerian oil and gas companies from 2013 to 2022. In specific, the study answered questions relating to the influence of chief executive officer gender diversity and financial expertise on real earnings management. To provide answers to the questions, secondary data were obtained for 10 listed oil and gas companies in Nigeria. Panel data regression (panel corrected standard error fixed effect model) was used because the variables of the study had time series and cross-sectional data attributes. Findings indicated that chief executive officer gender diversity and financial expertise had significant influence on real earnings management. Consequently, the study concludes that financial expertise and gender diversity are major drivers of real earnings management. On this note, the study recommends that more females should be appointed as CEO positions as they tend to reduce and avert real earnings management practices to a very large extent. Also, those that have the authority to appoint CEOs should consider people with financial expertise to emerge as CEOs.

Keywords

CEO gender diversity; CEO financial expertise; Real earnings management; Oil and gas companies

References

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