Audit Committee Financial Expertise: Antidote for Financial Reporting Quality in Nigeria?

Ojeka, Stephen; Iyoha, F. O.; Asaolu, Taiwo Olufemi

doi:10.5901/mjss.2015.v6n1p136

Cited by 11 publications

(18 citation statements)

References 16 publications

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“…Hence, members of the committee are expected to be proficient financially with the intention of enhancing performance. This imitates the studies ofOjeka et al (2015) and Osemene and Fakile (2019) with identical positive findings.…”

supporting

confidence: 87%

Audit committee attributes, board attributes and market performance of listed deposit money banks in Nigeria

Omotoye

Adeyemo

Omotoye

et al. 2021

Banks and Bank Systems

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This paper aims to discover the association between various audit committee and board attributes and the market performance of listed deposit money banks in Nigeria. The study intends to determine the influence of audit committee size, gender diversity, expertise, board size and board shareholding on market performance (measured by Tobin Q). Panel data was gathered from twelve (12) banks listed on the Nigerian Stock Exchange from 2013 to 2017. The study used fixed and random regression analysis. The results concluded that the association between audit committee size, board size and Tobin Q was negatively significant. There was a positively significant impact of audit committee gender diversity and audit committee expertise on Tobin Q. The study showed a positive but insignificant influence of board shareholding on market performance. The results imply that weakness in governance structures might lead to lower market performance. This study recommends that firms ensure that appointment criteria prioritize knowledge and competence, and regulatory bodies are also encouraged to track the compliance of listed firms with corporate governance regulations. AcknowledgmentThe authors would like to acknowledge Covenant University for its financial support during the course of this research paper.

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supporting

confidence: 87%

Audit committee attributes, board attributes and market performance of listed deposit money banks in Nigeria

Omotoye

Adeyemo

Omotoye

et al. 2021

Banks and Bank Systems

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“…This analogy also applied to some firms in the manufacturing sector in Nigeria. The result in term of time lag is however in contrast to findings in Ojeka, Iyoha and Asaolu (2015) where they found positive relationship between time lag and audit committee financial expertise. Though, the study did not consider if the finding influences investors investment decisions as contained in this study.…”

Section: Multiple Linear Regression Analysiscontrasting

confidence: 56%

“…This help in measuring the qualitative factors that drive the firm. Prior studied have looked at the significance of board size on financial performance (see KyereboahColeman, 2007, Ojeka, Iyoha and Obigbemi, 2014, Ojeka, Iyoha and Asaolu, 2015 Also, the disclosure of the firm is equally very important. Potential investor(s) for example want to consider the financial position of the firm.…”

Section: Multiple Linear Regression Analysismentioning

confidence: 99%

Does Financial Reporting Disclosures Enhance Firm Financial Performance in the Nigerian Manufacturing Companies?

Ojeka¹,

Mukoro²,

Kanu³

2015

MJSS

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“…Hence, an increase of one member of non-executive independence will decrease reporting quality to mandate more external monitoring. Therefore, the study hypothesis is rejected and contradict with the proposed agency theory (Aanu, Odianonsen, & Taiwo, 2015). Based on the relationship between ownership structure and FRQ, managerial ownership showed a positive and significant relationship with the FRQ of listed banks in the Iraq stock exchange.…”

Section: Correlation Analysismentioning

confidence: 84%

The Empirical Analysis of Corporate Governance Mechanism and Political Influence on FRQ: An Insight from the Banking Sector in Iraq

2021

RJFA

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Audit Committee Financial Expertise: Antidote for Financial Reporting Quality in Nigeria?

Cited by 11 publications

References 16 publications

Audit committee attributes, board attributes and market performance of listed deposit money banks in Nigeria

Audit committee attributes, board attributes and market performance of listed deposit money banks in Nigeria

Does Financial Reporting Disclosures Enhance Firm Financial Performance in the Nigerian Manufacturing Companies?

The Empirical Analysis of Corporate Governance Mechanism and Political Influence on FRQ: An Insight from the Banking Sector in Iraq

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