IDEAS home Printed from https://ideas.repec.org/a/ris/amjoms/0065.html

Effect of Financial Reporting Quality and Ownership Structure on Performance of the non-Financial Listed Companies in Nigeria

Author

Listed:
  • Adeyemo Kabiru Aderemi

    (Department of Management and Accounting)

  • Omole Ilesanmi Isaac

    (Department of Management and Accounting)

  • Adewumi Ayodeji Davidson

    (Department of Auditing and Taxation)

Abstract

This study examined the relationship among financial disclosure quality and ownership structure on the performance of the non-financial quoted companies in Nigeria over the period of 2009- 2020.This study aims to connect such of these variables to produce interactive model describing the influence of financial reporting quality and ownership structure on financial performance of nonfinancial listed companies in Nigeria Using pooled ordinary least square, fixed effect model, and the system- generalised moment method (GMM). On the effect of firm age on performance, while the result of system GMM showed a negative and significant effect, the pooled OLS and fixed effect produced mixed results. The fixed effect model showed a positive and significant effect while pooled OLS showed a negative and insignificant effect. The system GMM result showed that a unit increase in firm age will reduce performance of the firm by less than 1%. This revealed an inverse relationship between the years of existence of a firm and its performance.

Suggested Citation

  • Adeyemo Kabiru Aderemi & Omole Ilesanmi Isaac & Adewumi Ayodeji Davidson, 2022. "Effect of Financial Reporting Quality and Ownership Structure on Performance of the non-Financial Listed Companies in Nigeria," Multidisciplinary Journal of Management Sciences, Association of Forensic Accounting Researchers (AFAR), vol. 4(3), pages 95-113.
    • Handle: RePEc:ris:amjoms:0065
    as

    Download full text from publisher

    File URL: https://www.afarng.org/wp-content/uploads/2023/01/Journal-of-Management-Science-Volume-4-Issue-3-December-2022_.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
    2. Meltzer, Allan H & Richard, Scott F, 1981. "A Rational Theory of the Size of Government," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 914-927, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. A. Phiri, 2019. "Asymmetries in the revenue–expenditure nexus: new evidence from South Africa," Empirical Economics, Springer, vol. 56(5), pages 1515-1547, May.
    2. Solikin, Akhmad & Nizar, Muhammad Afdi, 2022. "Government Revenue and Government Spending Nexus: A Testing Hypothesis for Indonesia," MPRA Paper 118556, University Library of Munich, Germany.
    3. Hauwa Lamino Abubakar & Ruth A. Andah & Vincent Paul, 2022. "Deriving an Ideal Entrepreneurial Ecosystem for Entrepreneurial Development Success in Nigeria," Multidisciplinary Journal of Management Sciences, Association of Forensic Accounting Researchers (AFAR), vol. 4(3), pages 219-245.
    4. Daniel E. Ingberman & Robert P. Inman, 1987. "The Political Economy of Fiscal Policy," NBER Working Papers 2405, National Bureau of Economic Research, Inc.
    5. repec:prg:jnlpep:v:preprint:id:697:p:1-15 is not listed on IDEAS
    6. Nadeem Iqbal & Wasim Shahid Malik, 2010. "Budget Balance: Through Revenue or Spending Adjustment: Evidence from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 611-630.
    7. Ruth Angbazo Andah PhD, 2022. "Effect of Transformational Leadership Style on Job Performance in Nigerian Public Sector Organisations," Multidisciplinary Journal of Management Sciences, Association of Forensic Accounting Researchers (AFAR), vol. 4(3), pages 68-94.
    8. Francisco de Castro & José Manuel González-Páramo & Pablo Hernández de Cos, 2004. "Fiscal consolidation in Spain: dynamic interdependence of public spending and revenues," Investigaciones Economicas, Fundación SEPI, vol. 28(1), pages 193-207, January.
    9. Feld, Lars P & Kirchgassner, Gebhard, 2001. "Does Direct Democracy Reduce Public Debt? Evidence from Swiss Municipalities," Public Choice, Springer, vol. 109(3-4), pages 347-370, December.
    10. Mulligan Casey B & Gil Ricard & Sala-i-Martin Xavier X, 2010. "Social Security and Democracy," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-46, March.
    11. Abel L. Costa Fernandes & Paulo R. Mota, 2011. "The Roots of the Eurozone Sovereign Debt Crisis: PIGS vs Non-PIGS," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 631-649, December.
    12. Gyasi, Genevieve, 2020. "The Impact of Fiscal Deficit on Economic Growth: Using the Bounds Test Approach in The Case of Morocco," MPRA Paper 98925, University Library of Munich, Germany.
    13. Gilles Saint‐Paul & Davide Ticchi & Andrea Vindigni, 2021. "Engineering crises: Favoritism and strategic fiscal indiscipline," Economics and Politics, Wiley Blackwell, vol. 33(3), pages 583-610, November.
    14. Signe Krogstrup & Sébastien Wälti, 2011. "Women and Budget Deficits," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(3), pages 712-728, September.
    15. Stiassny, Alfred & Koren, Stefan, 1994. "Tax and Spend or Spend and Tax? An International Study," Department of Economics Working Paper Series 28, WU Vienna University of Economics and Business.
    16. Cukierman, Alex & Beetsma, Roel & Giuliodori, Massimo, 2009. "The Political Economy of Redistribution in the U.S. in the Aftermath of World War II and the Delayed Impacts of the Great Depre," CEPR Discussion Papers 7501, C.E.P.R. Discussion Papers.
    17. Karin Mayr, 2006. "Optimal budget deficits and immigration," Economics working papers 2006-19, Department of Economics, Johannes Kepler University Linz, Austria.
    18. Adejuwon Joshua Adewale & Aderibigbe Ayodele Adegbola, 2022. "Working Capital Management and Profitability of Selected Quoted Fast Moving Consumer Goods Manufacturing Firms in South-west Nigeria," Multidisciplinary Journal of Management Sciences, Association of Forensic Accounting Researchers (AFAR), vol. 4(3), pages 152-168.
    19. Ayesha Naz & Muhammad Zamir, 2024. "Tax-Spend or Spend-Tax Hypotheses: A Case Study of Pakistan using Threshold Cointegration with Asymmetric Adjustment," Journal of Economic Sciences, Federal Urdu University Islamabad, Department of Economics, vol. 3(1), pages 13-24, June.
    20. Viegas, Miguel & Ribeiro, Ana Paula, 2013. "Welfare-improving government behavior and inequality in a heterogeneous agents model," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 146-160.
    21. Francisco de Castro & José M. González-Páramo & Pablo Hernández de Cos, 2001. "Evaluating the dynamics of fiscal policy in Spain: patterns of interdependence and consistency of public expenditure and revenues," Working Papers 0103, Banco de España.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:amjoms:0065. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Akanbi (email available below). General contact details of provider: https://edirc.repec.org/data/afarnea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.