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Effect of Firm Attributes on Financial Reporting Quality: Evidence from Listed Consumer Goods Companies in Nigeria

Author

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  • Adegboye Kehinde Adewale

    (Department of Accounting, Federal University Wukari, Taraba State, Nigeria.)

  • Maryam Isyaku Muhammad

    (Department of Accountancy, Modibbo Adama University of Technology, Adamawa State, Nigeria.)

  • Bilyaminu Yusuf Hanga

    (Department of Accountancy, Modibbo Adama University of Technology, Yola-Adamawa State-Nigeria.)

Abstract

This study investigated the effect of firm attributes on financial reporting quality of listed consumer goods companies in Nigeria from 2008 -2017. Financial reporting quality is likely to be influenced by their structure, monitoring and performance characteristics. Firm size, board composition, profitability and firm growth were selected as proxies for firm’s attributes. Financial reporting quality was measured by the modified model of Jones (1991). Panel multiple regressions were employed to test the formulated hypotheses and provide answers to the research questions. The result reveals profitability, board composition and firm growth to be statistically significant with financial reporting quality while firm size is statistically insignificant. Three variables, board composition, profitability and firm growth increases the quality financial information of the listed consumer goods companies inNigeria, meanwhile, firm size has proven to reduce the quality of their financial reports.

Suggested Citation

  • Adegboye Kehinde Adewale & Maryam Isyaku Muhammad & Bilyaminu Yusuf Hanga, 2019. "Effect of Firm Attributes on Financial Reporting Quality: Evidence from Listed Consumer Goods Companies in Nigeria," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 10(1), pages 55-64, January.
    • Handle: RePEc:aii:ijcmss:v:10:y:2019:i:1:p:55-64
    DOI: 10.18843/ijcms/v10i1/06
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    References listed on IDEAS

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    1. Olumide A. Olowokure & Muhammad Tanko & Terzungwe Nyor, 2016. "Firm Structural Characteristics and Financial Reporting Quality of Listed Deposit Money Banks in Nigeria," International Business Research, Canadian Center of Science and Education, vol. 9(1), pages 106-122, January.
    2. Fodio Inuwa MUSA & Foluke Omolayo OLORUNTOBA & Victor Chiedu OBA, 2014. "Examination of the relationship between audit committee characteristics and financial reporting quality of Nigerian deposit banks," EuroEconomica, Danubius University of Galati, issue 1(33), pages 57-65, May.
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