Effects of Corporate Governance Mechanisms on Early Submission of Financial Reports (Listed Deposit ...

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Effects of Corporate Governance Mechanisms on Early Submission of Financial Reports (Listed Deposit Money Banks in Nigeria) "
Fanimokun, Iyanuoluwa Olaoluwa Osemene, Olubunmi F

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1106005
Doc. No	:	TLpq2356780591
Main Entry	:	Fanimokun, Iyanuoluwa Olaoluwa
	:	Osemene, Olubunmi F
Title & Author	:	Effects of Corporate Governance Mechanisms on Early Submission of Financial Reports (Listed Deposit Money Banks in Nigeria)\ Fanimokun, Iyanuoluwa OlaoluwaOsemene, Olubunmi F
College	:	Kwara State University (Nigeria)
Date	:	2019
student score	:	2019
Degree	:	M.S.
Page No	:	71
Abstract	:	Early submission of financial reports was seen to be very crucial to the shareholders and other users of financial statements of banks in Nigeria. Delay in the presentation of annual reports and account lead to some of the banks making huge payment (which was seen as a form of penalty for lateness in submission of financial reports) to regulatory bodies which will definitely affect the shareholders dividend and also have a negative effect on other users of annual reports and accounts such as the stakeholders. The broad objective of this study is to examine the effects of corporate governance mechanisms on early submission of financial reports (listed deposit money banks in Nigeria). The specific objectives are to: (i) ascertain the effect of board independence on early submission of financial reports of listed deposit money banks in Nigeria; (ii) examine the influence of board diligence on early submission of financial reports of listed deposit money banks in Nigeria; (iii) assess the impact of board financial expertise on early submission of financial reports of listed deposit money banks in Nigeria, and (iv) determine the extent to which board size affects early submission of financial reports of the listed deposit money banks in Nigeria. Ex-post facto research design was employed with the population consisting of thirteen (13) listed DMB’s which was entirely adopted with the use of census method. Descriptive and Panel regression techniques were employed in the analysis of the secondary data obtained from the annual reports and accounts of the sampled firms for the period of 9years (2010–2018). The study found out that above 50% of listed deposit money banks in Nigeria complied with the regulatory body regulation. The result also shows that board independence had a negative coefficient (-35.8897) with the t-value of (-1.33) & a p-value of .001, board diligence (2.3297) with the t-value of (2.21) & p-value of .001 and board financial expertise (-4.0137) with the t-value of (-1.85) & a p-value of .001 had a significant effect on early submission of financial reports (listed deposit money banks in Nigeria). This implies that corporate governance mechanisms affect the early or late presentation of annual reports and accounts. Board size was found to have a positive insignificant effect on early submission of financial reports in Nigeria. This implies that larger board size tends to have a negative effect in monitoring and coordinating activities in the bank. The study concluded that effective corporate governance mechanisms significantly reduce delay in the submission of annual reports and accounts of listed deposit money banks in Nigeria. The study recommends that deposit money banks in Nigeria should increase the number of their board financial expertise so as to reduce the level of delay in the submission of annual reports and accounts in Nigeria Banks.
Subject	:	Accounting