Open AccessAccounting conservatism and ownership structure in non-financial listed firms in Nigeria
Author(s) -
O. Chiedu Christian,
N. A. Emeka-Nwokeji,
Owa Fredrick
Publication year - 2022
Publication title -
international journal of health sciences (ijhs) (en línea)
Language(s) - English
Resource type - Journals
eISSN - 2550-6978
pISSN - 2550-696X
DOI - 10.53730/ijhs.v6ns2.5138
Subject(s) - accounting , stock exchange , conservatism , panel data , financial statement , business , nexus (standard) , de facto , foreign ownership , sample (material) , economics , finance , audit , political science , econometrics , politics , chemistry , foreign direct investment , chromatography , computer science , law , macroeconomics , embedded system
This study is motivated by the need to provide an understanding of the nexus between ownership structure and accounting conservatism using non-financial listed firms in Nigeria. This study adopts an expost facto research design was then adopted and the study covered the period from 2010-2019. The sample consists of 75 non-financial companies quoted on the Nigerian Stock Exchange (NSE) as at December 31, 2020. In this study, secondary data, by way of annual reports and accounts of the sampled companies in Nigeria and some relevant Nigerian Exchange Group fact books were used to collect data. The effect of ownership structure on accounting conservatism was analysed using panel regression. The findings of the study reveals that ownership structure has a significant impact on accounting conservatism. Particularly, the effect of managerial ownership is persistent particularly for MTB and income statement indicators while the significant effect of foreign ownership holds for MTB measure of accounting conservatism.