CORPORATE ATTRIBUTES AND EARNINGS MANAGEMENT OF NON FINANCIAL FIRMS LISTED ON THE NIGERIA EXCHANGE LIMITED

Authors

  • Kelechi M. Amasiatu Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria
  • Emmanuel I. Okoye Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria
  • Segun I. Adeniyi Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Firm Age, Firm Size, Non Financial Firms, Real Earnings Management

Abstract

 This study assessed the effect of Corporate Attributes (companys' age and company size) on Earnings Management of non financial firms listed on the Nigeria Exchange limited (NGX). The population of the study covered the ninety-five (95) non-financial firms listed on the Nigerian Exchange Group, covering a period of 11years, (2011-2021). Ex post facto research design was employed, with extensive reliance on secondary data, which include annual reports, corporate website of companies and the Nigerian Stock Exchange Group Fact book. The study used purposive sampling technique to select the sample size of seventy - four (74) non financial firms listed on the Nigerian Exchange Limited. Data collected were tested using Multiple Regression analysis on Statistical Package for Social Sciences (SPSS version 20.0). Empirically, the results revealed that both company size and company size have significant effect on earnings management of non-financial firms in Nigeria. In conclusion, the study established that corporate attributes significantly affect earnings management practices in non financial firms listed on Nigeria Exchange limited (NGX). The study recommended that financial regulatory bodies like Financial Reporting Council and the Securities and Exchange Commission should be proactive in terms of formulation of policies that will help in tightening up security measures prohibiting the serial occurance of these earnings management practices in Nigeria. Government should also on timely basis organize seminars and workshops on evolving trends as regards this concept of earnings management, for the management teams as well as impose sanctions on any non financial firm found to be involved in earnings management practices, to reduce this manace drastically in Nigeria. These will help build back investors confidence for investment purposes. Firms should also embark on massive innovative strategies in marketing, diversification and re-investing of their profits to increase capital for sustainability.

Downloads

Published

2023-09-30

How to Cite

Amasiatu, K. M., . Okoye, E. I., & Adeniyi, S. I. (2023). CORPORATE ATTRIBUTES AND EARNINGS MANAGEMENT OF NON FINANCIAL FIRMS LISTED ON THE NIGERIA EXCHANGE LIMITED. Journal of Global Accounting, 9(3), 134–154. Retrieved from https://journals.unizik.edu.ng/joga/article/view/2659

Issue

Vol. 9 No. 3 (2023): September

Section

Articles

License

Copyright (c) 2023 Journal of Global Accounting

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.

Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:

  1. Non-exclusive right to reproduce the material in the article or book chapters.
  2. Print and electronic rights.
  3. To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).

Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:

  1. Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
  2. Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
  3. Author obtains any proof of consent statements
  4. The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.