CHIEF EXECUTIVE OFFICER CHARACTERISTICS AND FINANCIAL REPORTING QUALITY OF QUOTED MANUFACTURING FIRMS IN NIGERIA

Authors

  • Daniel Ifeanyi Nwokolo Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria
  • Chinedu Francis Egbunike Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Accruals Quality, CEO Duality, CEO Education, CEO Gender, CEO Tenure, Chief Executive Officer Characteristics, Financial Reporting Quality

Abstract

 This study investigated the effect of Chief Executive Officer (CEO) characteristics on the financial reporting quality of quoted manufacturing firms in Nigeria. However, the study specific objective was to examine the effect of CEO gender, CEO duality, CEO education, and, CEO tenure effect on the accruals quality of quoted manufacturing firms. The research design used in this study was the ex post facto research design. The population comprised quoted firms on the Nigerian Exchange Group (NGX). The study relied on secondary data from annual financial reports from 2012 to 2022. The data were analysed using descriptive and inferential statistical methods. The hypotheses were tested using fixed effect regression analysis which revealed that CEO gender diversity has a significant and positive effect on accruals quality of the firms; CEO duality and CEO tenure have a significant but negative effect on accruals quality of the firms; while CEO education has a non-significant but negative effect on financial reporting quality of quoted manufacturing firms, at 5% level of significance. In conclusion, companies could benefit from promoting gender diversity in CEO appointments to potentially enhance financial reporting standards. It was therefore recommended that management of consumer goods manufacturing firms should endeavour to recognize the importance of having diverse perspectives and experiences at the top leadership positions, including gender diversity.

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Published

2024-04-26

How to Cite

Nwokolo, D. I., & Egbunike, C. F. (2024). CHIEF EXECUTIVE OFFICER CHARACTERISTICS AND FINANCIAL REPORTING QUALITY OF QUOTED MANUFACTURING FIRMS IN NIGERIA. Journal of Global Accounting, 10(1), 327 –. Retrieved from https://journals.unizik.edu.ng/joga/article/view/3668

Issue

Vol. 10 No. 1 (2024): April

Section

Articles

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Copyright (c) 2024 Journal of Global Accounting

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