EFFECT OF FIRM CHARACTERISTICS ON FINANCIAL REPORTING TIMELINESS OF BANKING SECTOR IN NIGERIA

Edeh, I. T.; Okwo, Ifeoma Mary; Okoro, C. O.

doi:10.5281/zenodo.7828655

EFFECT OF FIRM CHARACTERISTICS ON FINANCIAL REPORTING TIMELINESS OF BANKING SECTOR IN NIGERIA

Authors: Edeh, I. T., Okwo, Ifeoma Mary, Okoro, C. O.

Journal: International Journal of Advanced Finance and Accounting (IJAFA), ISSN 2765-8457

Citation: IJAFA 4(2), 2023-04-14.

DOI: 10.5281/zenodo.7828655

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Type: Original Research

Abstract

This study examined the effect of firm characteristics on financial reporting timeliness of banking firms in Nigeria with the following specific objectives; to determine the influence of firm age on financial reporting timeliness of firms in Nigeria; examine the effect of firm size on financial reporting timeliness of banking firms in Nigeria; ascertain the effect of leverage on financial reporting timeliness of banking firms in Nigeria and evaluate the effect of return on assets on financial reporting timeliness of banking firms in Nigeria. The data spanning a period ten years were gathered from banking firms in Nigeria. The study adopted ex- post facto research design. The methods of data analysis are multiple regression analysis while the T- test statistic was used for the test of hypothesis. The findings revealed that firm characteristics has no significant effect on timeliness of financial reporting by deposit money banks in Nigeria. Test of hypothesis one indicates that P – value = 0.316 > 0.05, hence we did not reject Ho1 but rather concluded that firm age has no significant effect on timeliness of financial reporting of banks in Nigeria. Firm age has no significant effect on timeliness of financial reporting of banks in Nigeria. Test of hypothesis two indicates that p- value = 0.286 > 0.05, hence we accepted Ho2 and concluded that firm size has no significant effect on timeliness of financial reporting of banks in Nigeria. Test of hypothesis three indicates that p-value = 0.628 > 0.05, hence we accepted Ho3 and concluded that leverage has no significant effect on financial reporting timeliness of banking firms in Nigeria and Test of hypothesis four indicates that P -value = 0.040

Keywords

Firm Characteristics, Financial Reporting Timeliness, Banking Sector in Nigeria, Firm Size Authored by Edeh, Ijeoma Thelma 1, Prof. Ifeoma Mary Okwo 2, & Cyprian Okey Okoro PhD 3 DOI:

Published by Academic Ink Review Journal. Open Access under CC BY 4.0.