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" Organizational Dynamics, Board Attributes and Accounting Practices of Listed Deposit Money Banks (DMBS) in Nigeria "
Ibrahim, Maroof Adeniyi
Mubaraq, Sanni
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1057486
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| Doc. No
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TL56603
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| Main Entry
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Ibrahim, Maroof Adeniyi
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| Title & Author
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Organizational Dynamics, Board Attributes and Accounting Practices of Listed Deposit Money Banks (DMBS) in Nigeria\ Ibrahim, Maroof AdeniyiMubaraq, Sanni
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| College
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Kwara State University (Nigeria)
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| Date
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2020
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| Degree
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M.S.
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2020
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| Note
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97 p.
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| Abstract
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Following the continuous increase of corporate failures and financial scandals worldwide and collapse of high profile banks in Nigeria, investigations into the quality and credibility of financial reports and effectiveness of organizational dynamics and board attributes mechanisms have been carried out. Corporate failures have been attributed to weak board attributes mechanisms within the organizations. In view of this, the study examined the effects of organizational dynamics and board attributes on accounting practices in listed deposit money banks (DMBs) in Nigeria. To achieve this general objective, the specific objectives were to (i) examine the extent to which board financial expertise influence accounting practice of listed DMBs in Nigeria; (ii) evaluate the extent to which gender diversity influence the accounting practice of listed DMBs in Nigeria; (iii) evaluate the effect of profitability on accounting practice of listed DMBs in Nigeria; (iv) determine how foreign listing influence accounting practice of listed DMBs in Nigeria; (v) examine the extent to which foreign membership of the board influence accounting practice of listed DMBs in Nigeria; and (vi) investigate the degree of relationship between leverage and accounting practice of listed DMBs in Nigeria. The study employed Ex-post facto research design. Thirteen (13) listed deposit money banks were chosen as the sample size covering period between 2013-2018. Generalized Methods of Moment (GMM) techniques were employed in the analysis of data collected from annual reports and accounts of the sampled listed deposit money banks for a period of six (6) years. The Generalized Methods of Moment found that profitability (Z=0.0467, P=0.008); Leverage(Z=0.5072, P=0.000); Board financial expert(Z=0.1231, P=0.020); firm size(Z=0.2899, P=0.000) and board meeting(Z=0.5588, P=0.024) were positively significant on accounting practice in listed deposit money banks at 5% level of significance. The study concluded that profitability, leverage and financial expertise in the board are significant and major factors influencing accounting practice of listed deposit money banks in Nigeria while other factors such as gender proportion, foreign membership and foreign listing have no significant effect. The study therefore recommended that regulatory bodies such as Federal Reporting Council of Nigeria (FRCN), Securities and Exchange Commission (SEC) should mandate deposit money banks in Nigeria to ensure they appropriately accommodate more of directors with financial expertise in board composition in order to enhance financial reporting quality in listed deposit money banks in Nigeria.
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| Descriptor
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Accounting
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Finance
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Sub Saharan Africa studies
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Mubaraq, Sanni
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Kwara State University (Nigeria)
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