Browsing by Author "M. L. Nassar"

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    Earnings Management Practices and Board Characteristics among Listed Firms in Nigeria
    (Department of Accounting, Faculty of Management Sciences, University of Ilorin, 2019-12-22) Abdulraheem Olayiwola Kadir; M. L. Nassar
    In response to the global trend and the reported cases of earnings management, Security and Exchange Commission (SEC) in Nigeria issued a new code of corporate governance in 2011, and subsequently, in 2018. However, earnings management practices are still being reported in many firms of some of the sub-sectors of the Nigerian Stock Exchange. It is on this basis that this study is conducted to examine: the code of corporate governance review influence on the impact of board characteristics on accrual-based earnings management; the role of IFRS adoption on the impact of board characteristics on accrual-based earnings management. The study employed a panel of 87 firms over a period of 2008 to 2015. Descriptive tools of summary statistics (the Mean and the standard deviation) and inferential tools of panel fixed and random effects models were employed to achieve the study objectives. The findings of this study revealed that accrual-based earnings management was practiced more after the code of corporate governance review of 2011 as well as after IFRS adoption, even though, the review has helped board characteristics reduce earnings management while IFRS adoption has contributed little to the success of board characteristics in reducing earnings management. The study recommends that the minimum number of independent directors should be increased from just one to a higher number. Also the number of board meetings and audit committee meetings should be increased from average of four per annum to a higher number.