FIRM ATTRIBUTES, ACCOUNTING REGULATIONS AND FINANCIAL REPORTING QUALITY OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
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Date
2025
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MALETE JOURNAL OF ACCOUNTING AND FINANCE A Publication of the Department of Accounting and Finance, Faculty of Management and Social Sciences, Kwara State University, Malete
Abstract
Concerns about the credibility of financial statements produced by Nigerian non-financial firms have
continued to intensify, largely due to weak internal corporate structures and inconsistencies within the
regulatory environment. To address these issues, this study investigates how internal firm
characteristics and accounting regulatory practices shape the financial reporting quality based on
earnings quality of non-financial companies in Nigeria. An ex-post facto research design was adopted,
focusing on thirty (30) manufacturing companies based in Lagos State. Data covering the period 2012
2023 were subjected to descriptive, inferential, and panel regression analyses. Findings indicate that
CEO managerial ability is negatively strong and significant effect on financial reporting quality (ꞵ =
0.6520, p = 0.000), CEO Compensation has positive but insignificant effect on financial reporting
quality (ꞵ = 0.0009, p = 0.2770), audit committee gender diversity has positive and strong significant
effect on financial reporting quality (ꞵ = 0.5809, p = .000), Sustainability Disclosure Practice has
positive but insignificant effect on financial reporting quality (ꞵ = 0.0003 p = 0.94) and risk
management disclosures has positive but insignificant effect on financial reporting quality (ꞵ = 0.464,
p = 0.018). The study concludes that managerial focus should be directed toward strengthening audit
committee gender diversity and risk management disclosures while mitigating the adverse effects of
CEO managerial ability to improve financial reporting quality outcomes.