EFFECT OF CHIEF EXECUTIVE OFFICER CHARACTERISTICS ON FINANCIAL REPORTING QUALITY

EFFECT OF CHIEF
EXECUTIVE OFFICER
CHARACTERISITCS ON
FINANCIAL REPORTING QUALITY
Obal Usang Edet Usang*, Prince Ikenna
Awuzie & John O. Oboh
Department of Accounting, University of
Calabar, Calabar, Nigeria

  • usangobal@yahoo.com
    ABSTRACT
    The study examined the effect of the chief
    executive officer’s (CEO) characteristics on
    the financial reporting quality of listed banks
    on the Nigeria Stock Exchange. The ex-post
    factor design was adopted, and the sample
    size consist of 17 listed banks on the Nigeria
    Stock Exchange. Individual bank’s websites
    and annual reports served as the means for
    obtaining data. Data analysis was conducted
    using the ordinary least square regression
    with the aid of EViews version 10. The
    findings revealed that only CEO experience
    had a positive and significant effect on
    financial reporting quality. All other CEO
    characteristics had a non-significant effect on
    financial reporting quality of listed banks in
    Nigeria. It was therefore recommended that
    in the appointments of a CEO, experience
    should be highly considered as it contributes
    Accounting and Finance Research Association
    to the quality of financial information made
    available to the public.
    Keywords: Financial reporting quality, CEO
    characteristics, CEO experience,

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