文章基本信息

标题：Does CEOs Power Moderate the Effect of Audit Committee Objectivity on Financial Reporting Quality in the Nigerian Banking Sector
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作者：Ojeka Stephen A ; Fakile Adeniran S ; Iyoha Francis O 等
期刊名称：Academy of Strategic Management Journal
印刷版ISSN：1544-1458
出版年度：2019
卷号：18
期号：2
页码：1-15
语种：English
出版社：The DreamCatchers Group, LLC
摘要：This study empirically examined the impact of audit committee objectivity (contingent on CEO Power) on the quality of financial reporting in the Nigerian Banking Sector. The study adopted a survey research approach and secondary data extracted from financial statement. The OLS and LSDV analysis were used to investigate the impact of Audit Committee objectivity on the quality of financial reporting with or without CEO power and influence. The findings showed, that, while audit committee independence impact positively on the relevance and reliability of financial report, the same cannot be said when there was CEO power. CEO power in the audit committee mitigated the benefits of independence and caused its overall effects on financial reporting quality of no significant in terms of relevance and reliability. The study therefore recommended that having a majority of independent directors would increase the quality of board oversight, lessen the possibility of damaging conflicts of interest and helps to repose inventors’ confidence especially foreign investors that would invariably draft in FDI. This will align boards’ decisions with the interests of shareholders they represent. This will reduce significantly the ability of the CEO overbearing influence on the committee activities in ensuring financial reporting quality.
关键词：Audit Committee Objectivity;CEO Power;Financial Reporting Quality;Banking Sector;Nigeria