Effect of Corporate Governance Compositions on Financial Reporting Timeliness in Nigerian Deposit Money Banks

Chinedu U. Okerekeoti (Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria)
Raymond A. Ezejiofor (Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria)

Article ID: 4983

DOI: https://doi.org/10.30564/mmpp.v4i3.4983


This study ascertained the effect of corporate governance compositions on timeliness of financial reporting in deposit money banks in Nigeria. Ex Post Facto research design was employed for this study. Purposive sampling was used to select eight (8) deposit money banks in Nigeria with international authorization. Data were extracted from annual reports and accounts of the sampled banks and analyzed with regression analysis. The results show that board size has a positive and significant effect on financial reporting timeliness deposit money banks in Nigeria, while audit committee independence has a positive but insignificant effect on financial reporting timeliness of deposit money banks in Nigeria. Therefore, on the basis of the findings and conclusions of the study, the study recommends among other things that the number of banks board of directors should play a vital role in how well it can oversee daily operations of the institution and monitor management.


Financial reporting timeliness; Board size; Audit committee independence

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