Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies

Purpose This study examined the effect of corporate governance leadership models and attributes on firms’ earnings quality using evidence from Nigerian quoted firms. Design/Methodology/Approach This study used an ex-post facto design with a two-stage multiple random and fixed effect regression analy...

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Autores principales:	Cosmas Ikechukwu Asogwa, Grace Nyereugwu Ofoegbu, Judith Ima Nnam, Onyekachi David Chukwunwike
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	corporate governance board leadership models chief executive officer attributes earrings quality Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/b8d1402e4a564080a2703caba4a0529c
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spelling	oai:doaj.org-article:b8d1402e4a564080a2703caba4a0529c2021-12-02T18:31:21ZEffect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies2331-197510.1080/23311975.2019.1683124https://doaj.org/article/b8d1402e4a564080a2703caba4a0529c2019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1683124https://doaj.org/toc/2331-1975Purpose This study examined the effect of corporate governance leadership models and attributes on firms’ earnings quality using evidence from Nigerian quoted firms. Design/Methodology/Approach This study used an ex-post facto design with a two-stage multiple random and fixed effect regression analyses. A sample of 37 quoted firms in Nigerian Stock Exchange between 2014 and 2018 was selected for the study. Findings Relative to unitary corporate leadership, dual board leadership model outperformed and significantly improves earnings persistence and value relevance. Earnings persistence and value relevance increased in boards where CEOs and board chairpersons have equal financial expertise. Also the quality of earnings improved significantly with a good mix of financial expertise and legal skills in the board. Thus, the capital market places a premium on such good leadership attribute mix. Research Limitation This study concentrated on non-financial firms in Nigeria. Thus, it should not primarily be generalized as it is context-specific and most applicable among the developing economies Policy Implication The implication is that investors can mitigate adverse portfolio selection if they target firms, where both CEOs and board chairpersons have strong accounting and legal knowledge mix. Investors should consider board leadership structures in assessing the overall firms’ earnings quality. Leadership roles separation provides for higher reporting quality. Originality This study provides the latest evidence of the effect of board leadership models and attributes on firms’ earnings quality in Nigeria. It makes original contribution to the effect of corporate governance on earnings persistence and predictability and how the market reacts to certain attribute combinations.Cosmas Ikechukwu AsogwaGrace Nyereugwu OfoegbuJudith Ima NnamOnyekachi David ChukwunwikeTaylor & Francis Grouparticlecorporate governanceboard leadership modelschief executive officerattributesearrings qualityBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate governance board leadership models chief executive officer attributes earrings quality Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	corporate governance board leadership models chief executive officer attributes earrings quality Business HF5001-6182 Management. Industrial management HD28-70 Cosmas Ikechukwu Asogwa Grace Nyereugwu Ofoegbu Judith Ima Nnam Onyekachi David Chukwunwike Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
description	Purpose This study examined the effect of corporate governance leadership models and attributes on firms’ earnings quality using evidence from Nigerian quoted firms. Design/Methodology/Approach This study used an ex-post facto design with a two-stage multiple random and fixed effect regression analyses. A sample of 37 quoted firms in Nigerian Stock Exchange between 2014 and 2018 was selected for the study. Findings Relative to unitary corporate leadership, dual board leadership model outperformed and significantly improves earnings persistence and value relevance. Earnings persistence and value relevance increased in boards where CEOs and board chairpersons have equal financial expertise. Also the quality of earnings improved significantly with a good mix of financial expertise and legal skills in the board. Thus, the capital market places a premium on such good leadership attribute mix. Research Limitation This study concentrated on non-financial firms in Nigeria. Thus, it should not primarily be generalized as it is context-specific and most applicable among the developing economies Policy Implication The implication is that investors can mitigate adverse portfolio selection if they target firms, where both CEOs and board chairpersons have strong accounting and legal knowledge mix. Investors should consider board leadership structures in assessing the overall firms’ earnings quality. Leadership roles separation provides for higher reporting quality. Originality This study provides the latest evidence of the effect of board leadership models and attributes on firms’ earnings quality in Nigeria. It makes original contribution to the effect of corporate governance on earnings persistence and predictability and how the market reacts to certain attribute combinations.
format	article
author	Cosmas Ikechukwu Asogwa Grace Nyereugwu Ofoegbu Judith Ima Nnam Onyekachi David Chukwunwike
author_facet	Cosmas Ikechukwu Asogwa Grace Nyereugwu Ofoegbu Judith Ima Nnam Onyekachi David Chukwunwike
author_sort	Cosmas Ikechukwu Asogwa
title	Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
title_short	Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
title_full	Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
title_fullStr	Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
title_full_unstemmed	Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
title_sort	effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/b8d1402e4a564080a2703caba4a0529c
work_keys_str_mv	AT cosmasikechukwuasogwa effectofcorporategovernanceboardleadershipmodelsandattributesonearningsqualityofquotednigeriancompanies AT gracenyereugwuofoegbu effectofcorporategovernanceboardleadershipmodelsandattributesonearningsqualityofquotednigeriancompanies AT judithimannam effectofcorporategovernanceboardleadershipmodelsandattributesonearningsqualityofquotednigeriancompanies AT onyekachidavidchukwunwike effectofcorporategovernanceboardleadershipmodelsandattributesonearningsqualityofquotednigeriancompanies
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Effect of corporate governance board leadership models and attributes on earnings quality of quoted nigerian companies

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