Ownership Structure and Earnings Quality of Listed Financial Firms in Nigeria

Ownership Structure and Earnings Quality of Listed Financial Firms in Nigeria

oladejo_abiodun_oyebamiji

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Oladejo Abiodun Oyebamiji

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Obafemi Awolowo University

Ownership Structure and Earnings Quality of Listed Financial Firms in Nigeria

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Abstract

The study determined the effect of ownership structure on earnings quality of listed financial firms in Nigeria. The study employed secondary data. The study population comprised all the 16 listed financial firms on the Nigerian Stock Exchange. Purposive sampling technique was adopted to select top 10 banks whose shares are consistently traded on the stock market. Data for ownership structure and earnings quality were sourced from the audited financial statements of the selected firms and the Nigerian Stock Exchange Fact book over a period of 10 years (2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016)(2017)(2018). Collected data were analyzed using pooled ordinary least square, fixed effect and random effect estimation techniques. The result from the study showed that institutional ownership (t=4.3, p˂0.05) had a positive and statistically significant relationship with earnings quality while ownership concentration (t=-2.5, p˂0.05) had a negative and significant relationship with earnings quality.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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How to Cite This Article

oladejo_abiodun_oyebamiji. 2020. \u201cOwnership Structure and Earnings Quality of Listed Financial Firms in Nigeria\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B12): .

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GJMBR Volume 20 Issue B12
Pg. 31- 41

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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: B26

Submission ReceivedNovember 9, 2020
Peer Review Double Blind
Handling Editor
Accepted December 5, 2020
Published December 15, 2020

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December 17, 2020

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