Board Features and Financial Reporting Timeliness: Evidence from Listed Deposit Money Banks in Nigeria
| dc.contributor.author | Usman, Muhammed Kamaldeen | |
| dc.contributor.author | Musa, Saidu | |
| dc.contributor.author | Abdulazeez, Taofeeq | |
| dc.contributor.author | Fanimokun, Iyanuoluwa | |
| dc.date.accessioned | 2025-06-02T14:18:57Z | |
| dc.date.available | 2025-06-02T14:18:57Z | |
| dc.date.issued | 2019-05-13 | |
| dc.description | the study examines the impact of board dynamics on financial reporting timeliness of DMBs | |
| dc.description.abstract | Financial reporting timeliness was seen to be very crucial to the stakeholders of Deposit Money Banks (DMBs) in Nigeria as delay in the presentation of annual reports and account led to penalty/fines by regulatory bodies. In view of this, the study examines the impact of board dynamics on financial reporting timeliness of DMBs. To achieve this, two board dynamics were considered viz: board independence and board diligence. Ex-post facto research design was employed with the total population and sample size of thirteen (13). Descriptive and panel regression techniques were employed in the analysis of data extracted from annual reports and accounts of the DMBs for a period of nine (9). Years (2010-2018). The study found that board independence had a negative influence on financial reporting timeliness as confirmed by the t- value of -1.33 and p-value of 0.001 while board diligence had a positive effect on early submission of annual reports (t-value of 2.21 and p-value of 0.001). The study therefore concluded that board dynamics variables have significant influence on financial reporting timeliness of listed DMBs in Nigeria. This implies that the more independent the board is, the better the company in reducing their audit business risk because of less conflict between manager and shareholders and that an increase in meeting held by the board members will increase the delay in presentation of annual report and accounts. Therefore, the study recommends that regulators should monitor the appointment of non-executive directors that will make up the board of directors by going through their list list before approval and confirmation before appointment and that board should meet (4) four times in a year as recommended by CBN so as to reduce delay in the presentation of annual reports and accounts. | |
| dc.description.sponsorship | Self | |
| dc.identifier.citation | Usman, M. K., Saidu, M., Abdulazeez, T. & Fanimokun, I. (2019). Board Features and Financial Reporting Timeliness: Evidence from Listed Deposit Money Banks in Nigeria. KSU Research Journal of Accounting and Finance Vol. 2(2). Published by Department of Accounting, Kogi State University, Anyigba. | |
| dc.identifier.issn | 0442-01489 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/5467 | |
| dc.language.iso | en | |
| dc.publisher | Department of Accounting, Kogi State University, Anyigba. | |
| dc.relation.ispartofseries | 2; 2 | |
| dc.title | Board Features and Financial Reporting Timeliness: Evidence from Listed Deposit Money Banks in Nigeria | |
| dc.type | Article |