Effect of Board Characteristics and Ownership Concentration on Financial Reporting Timelines of Quoted Oil and Gas Companies in Nigeria

Okechukwu , Okonkwo; Aruwa , S. A. S.; Ame , Jacob O.

doi:10.12816/0059155

Article Details

Effect of Board Characteristics and Ownership Concentration on Financial Reporting Timelines of Quoted Oil and Gas Companies in Nigeria

Authors:

Okechukwu , Okonkwo | Aruwa , S. A. S. | Ame , Jacob O.

Publisher:

Centre for Social Science Research

Main Topics:

Accounting

Journal:

Journal of Policy and Development Studies 2021 Vol.13 Issue 1, pp.43-52

Document Type:

Article

Publication Date:

9/2021

Document Language:

English

Document ID (Org No.):

239025

Frequency:

Quarterly

pISSN:

15979385

DOI:

10.12816/0059155

Descriptors:

Keywords:

Abstract:

 This study examined the effect of board characteristics and ownership concentration on financial reporting timeliness of quoted oil and gas companies in Nigeria. The reason behind this study is from the concern shown by users of financial statements as to the delay in getting financial reports for their decision making. The study used correlational research design. The population of the study was the eleven (11) quoted oil and gas companies on the Nigerian Stock Exchange (NSE) as at 31st December 2020 and all the eleven (11) companies were taken as the sample size using census sampling technique. The study made use of panel data and therefore used multiple regression analysis as the technique for data analysis. Findings from the study revealed that board of director’s gender diversity and board independence have positive and statistically significant effect on financial reporting timeliness of quoted oil and gas companies in Nigeria. Board size, board meeting, foreign ownership and managerial ownership have positive but statistically insignificant effect on financial reporting timeliness of quoted oil and gas companies in Nigeria. The study concludes that both board of director’s gender diversity and board independence have effect on financial reporting timeliness. The study recommends the dominance of non-executive directors in the composition of board of directors, and companies should ensure that at least one-third of their board members are women.

Article Details

Effect of Board Characteristics and Ownership Concentration on Financial Reporting Timelines of Quoted Oil and Gas Companies in Nigeria

Authors:

Okechukwu , Okonkwo | Aruwa , S. A. S. | Ame , Jacob O.

Publisher:

Centre for Social Science Research

Main Topics:

Accounting

Journal:

Journal of Policy and Development Studies 2021 Vol.13 Issue 1, pp.43-52

Document Type:

Article

Publication Date:

9/2021

Document Language:

English

Document ID (Org No.):

239025

Frequency:

Quarterly

pISSN:

15979385

DOI:

10.12816/0059155

Descriptors:

COST ACCOUNTING

FINANCIAL STATEMENTS

CORPORATIONS

NIGERIA

Board Characterisitcs

Financial Reporting

Ownership Concentration

Timeliness

Issues

Article Details

Authors: Okechukwu , Okonkwo | Aruwa , S. A. S. | Ame , Jacob O.

Publisher: Centre for Social Science Research

Main Topics: Accounting

Journal: Journal of Policy and Development Studies 2021 Vol.13 Issue 1, pp.43-52

Document Type: Article

Publication Date: 9/2021

Document Language: English

Document ID (Org No.): 239025

Frequency: Quarterly

pISSN: 15979385

DOI: 10.12816/0059155

Descriptors:

Issues

Authors:

Okechukwu , Okonkwo | Aruwa , S. A. S. | Ame , Jacob O.

Publisher:

Centre for Social Science Research

Main Topics:

Accounting

Journal:

Journal of Policy and Development Studies 2021 Vol.13 Issue 1, pp.43-52

Document Type:

Article

Publication Date:

9/2021

Document Language:

English

Document ID (Org No.):

239025

Frequency:

Quarterly

pISSN:

15979385

DOI:

10.12816/0059155