The effect of corporate governance on the financial reporting quality of listed consumer goods firms in Nigeria
DOI:
https://doi.org/10.33003/fujafr-2026.v4i1.320.213-223Keywords:
Corporate governance, Financial reporting quality, Consumer goods, NigeriaAbstract
Purpose: The study examined the effect of corporate governance on the financial reporting quality of listed consumer goods firms in Nigeria.
Methodology: Data was taken from the annual reports of the chosen ten (10) companies. The study covers the period 2015–2024, which is justified by the need to capture recent corporate governance reforms and ensure sufficient time-series observations for robust panel estimation. The panel data analysis approach was used to estimate the data obtained from each firm.
Results and conclusion: The study discovered that there is a negative relationship between the size of the board and the financial reporting quality, also the independence of a board is slightly positively related to the quality of financial reporting. On the other hand, board gender diversity is positively correlated with the quality of financial reporting. The study recommends that the number of board members should be optimum to ensure efficient decision-making and proper supervision. Also, more focused boards will be in a better position to ensure integrity and accuracy of the financial reports. The firms should also more women in their board composition.
Implication of findings: The study suggests that firms should maintain an optimal board size to enhance effectiveness and decision-making. Strengthening board independence and promoting gender diversity are crucial for improving the integrity and reliability of financial reports.
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