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The Influence of Politically Connected Directors on Audit Quality of Quoted Firms in Nigeria

Author

Listed:
  • Solomon Oriakhi

    (Edo State Polytechnic Usen)

  • Cyril O Simire

    (Edo State Polytechnic Usen)

Abstract

This study examined the influence of politically connected directors on audit quality of quoted firms in Nigeria. The variable of politically connected directors (POCD) was analysed to determine the nexus with audit quality (AUDQ). For the objective of the study to be achieved, a total of twenty two (22) nonfinancial firms quoted on the Nigerian Exchange Group (NXG) as at 2020 were selected carefully and analysed for a period (2015-2020). The panel regression was used with the help of Eview 9.0 econometric packages for data analysis. The result revealed that the independent variable of politically connected directors (POCD) had a positive and significant influence on audit quality (AUDQ) of non-financial quoted firms in Nigeria at the level of 5%. The study therefore recommends that politically connected directors should be encouraged because it enhances audit quality of non-financial quoted companies. The study suggested that future studies should also work on other corporate governance variables to investigate the influence on audit quality.

Suggested Citation

  • Solomon Oriakhi & Cyril O Simire, 2023. "The Influence of Politically Connected Directors on Audit Quality of Quoted Firms in Nigeria," EuroEconomica, Danubius University of Galati, issue 1(13), pages 72-78, April.
    • Handle: RePEc:dug:journl:y:2022:i:1:p:72-78
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