IDEAS home Printed from https://ideas.repec.org/a/ris/jfaafi/0014.html
   My bibliography  Save this article

Effect Of Audit Committee Financial Expertise And Gender Mix On Financial Reporting Quality Of Quoted Health Care Companies In Nigeria

Author

Listed:

Abstract

Financial reporting quality has received increased attention following corporate financial scandals in the US, Europe and other parts of the world. To address the issue of quality, discussion has focused on corporate governance mechanisms. This current study ascertained the effect of audit committee financial expertise and audit committee gender mix on financial reporting quality of quoted companies in the health care sector. Correlational design was adopted where five out of the nine companies in the sector were selected using purposive sampling technique for the period of eight years (2010-2017). The result of the study using panel regression analysis indicated that financial expertise has insignificant effect on financial reporting quality while gender mix had a significant effect on financial reporting quality of selected quoted companies in the health care sector. The study also controlled for leverage which indicated a significant effect at 90% confidence level. It was therefore recommended that quoted pharmaceutical companies in Nigeria should comply with the corporate governance rules for having atleast one financial expert on the audit committee team. Although, such compliance as indicated by the result improves reporting quality but is not significant, so companies can consider monitoring other audit committee attributes closely. It was also recommended that these companies should include female members on the committee as it indicates a significant impact on improving financial reporting quality.

Suggested Citation

  • Alhaji Babanrabi, Ahmadu,, 2020. "Effect Of Audit Committee Financial Expertise And Gender Mix On Financial Reporting Quality Of Quoted Health Care Companies In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 1-29, January -.
    • Handle: RePEc:ris:jfaafi:0014
    as

    Download full text from publisher

    File URL: https://www.afarng.org/wp-content/uploads/2022/03/Journal-of-forensic-Vol-5-Issue-2-January-June-2020.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dirk Krueger & Harald Uhlig & Taojun Xie, 2022. "Macroeconomic dynamics and reallocation in an epidemic: evaluating the ‘Swedish solution’," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 37(110), pages 341-398.
    2. Dirk Kruger & Harald Uhlig & Taojun Xie, 2020. "Macroeconomic Dynamics and Reallocation in an Epidemic," Working Papers 2020-43, Becker Friedman Institute for Research In Economics.
    3. Allcott, Hunt & Boxell, Levi & Conway, Jacob & Gentzkow, Matthew & Thaler, Michael & Yang, David, 2020. "Polarization and public health: Partisan differences in social distancing during the coronavirus pandemic," Journal of Public Economics, Elsevier, vol. 191(C).
    4. Farboodi, Maryam & Jarosch, Gregor & Shimer, Robert, 2021. "Internal and external effects of social distancing in a pandemic," Journal of Economic Theory, Elsevier, vol. 196(C).
    5. Veronica Guerrieri & Guido Lorenzoni & Ludwig Straub & Iván Werning, 2022. "Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?," American Economic Review, American Economic Association, vol. 112(5), pages 1437-1474, May.
    6. Callum Jones & Thomas Philippon & Venky Venkateswaran, 2021. "Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home [A simple planning problem for covid-19 lockdown]," The Review of Financial Studies, Society for Financial Studies, vol. 34(11), pages 5188-5223.
    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. Samuel, Faboyede, & Rachael, Ben- Agbo, & Opeyemi, Ajetunmobi, & Bolaji, Adejana,, 2020. "Evaluating The Efficacy Of Credit Risk Management On The Financial Performance Of Finance Companies In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 193-220, January -.
    2. Hadiza Saidu, Abubakar, & Suleiman A. S., Aruwa,, 2020. "Economic Effect Of Covid-19 Pandemic Lockdown Measures On Business Activities In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 256-290, January -.
    3. Joy, Erimife, & Amenze, Akenzua,, 2020. "Human Resource Management Practices And Organisational Performance: A Study Of University Of Benin," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 152-192, January -.
    4. Paschal Nchedochukwu, Mba,, 2020. "Effect Of Stress On The Performance Of The Employees' Of West African Examination Council (Waec)," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 97-124, January -.
    5. Coibion, Olivier & Gorodnichenko, Yuriy & Weber, Michael, 2020. "The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending," Department of Economics, Working Paper Series qt4jn1x65h, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    6. Ezekiel Elton Mike, Micah, & Godwin Emmanuel, Oyedokun, & John Toro, Gimba,, 2020. "Audit Committee Characteristics And Financial Performance Of Listed Manufacturing Firms In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 62-96, January -.
    7. Garriga, Carlos & Manuelli, Rody & Sanghi, Siddhartha, 2022. "Optimal management of an epidemic: Lockdown, vaccine and value of life," Journal of Economic Dynamics and Control, Elsevier, vol. 140(C).
    8. Mitman, Kurt & Hanley, Douglas & Bognanni, Mark & Kolliner, Daniel, 2020. "Economics and Epidemics: Evidence from an Estimated Spatial Econ-SIR Model," CEPR Discussion Papers 15310, C.E.P.R. Discussion Papers.
    9. Aspri, Andrea & Beretta, Elena & Gandolfi, Alberto & Wasmer, Etienne, 2021. "Mortality containment vs. Economics Opening: Optimal policies in a SEIARD model," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    10. Martin S. Eichenbaum & Sergio Rebelo & Mathias Trabandt, 2022. "Inequality in Life and Death," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(1), pages 68-104, March.
    11. O. Akenbor, Cletus,, 2020. "Politics Of Oil Blocks Allocation And The Nigerian Economy," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 221-255, January -.
    12. Shin-ichi Fukuda, 2022. "Self-fulfilling Lockdowns in a Simple SIR-Macro Model," CIRJE F-Series CIRJE-F-1183, CIRJE, Faculty of Economics, University of Tokyo.
    13. Christopher, David, & Uche Joseph, Uwaleke, & Solomon M., Aza,, 2020. "Effect Of Non-Executive Directors And Independent Directors On Audit Quality Of Listed Oil And Gas Companies In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 30-61, January -.
    14. Dandaura Jeremiah, Joshua,, 2020. "Effect Of Naira Depreciation On Stock Market Performance In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 125-151, January -.
    15. David Baqaee & Emmanuel Farhi, 2020. "Nonlinear Production Networks with an Application to the Covid-19 Crisis," NBER Working Papers 27281, National Bureau of Economic Research, Inc.
    16. Antonio Diez de los Rios, 2022. "A macroeconomic model of an epidemic with silent transmission and endogenous self‐isolation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 581-625, February.
    17. Abel Brodeur & David Gray & Anik Islam & Suraiya Bhuiyan, 2021. "A literature review of the economics of COVID‐19," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1007-1044, September.
    18. Jesper Akesson & Sam Ashworth-Hayes & Robert Hahn & Robert Metcalfe & Itzhak Rasooly, 2022. "Fatalism, beliefs, and behaviors during the COVID-19 pandemic," Journal of Risk and Uncertainty, Springer, vol. 64(2), pages 147-190, April.
    19. Marina Azzimonti-Renzo & Alessandra Fogli & Fabrizio Perri & Mark Ponder, 2020. "Pandemic Control in ECON-EPI Networks," Staff Report 609, Federal Reserve Bank of Minneapolis.
    20. De Santis, Roberto A. & Van der Veken, Wouter, 2020. "Forecasting macroeconomic risk in real time: Great and Covid-19 Recessions," Working Paper Series 2436, European Central Bank.

    More about this item

    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:jfaafi:0014. 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.