OWNERSHIP STRUCTURE AND FINANCIAL REPORTING QUALITY OF LISTED OIL COMPANIES IN NIGERIA
  1. OWNERSHIP STRUCTURE AND FINANCIAL REPORTING QUALITY OF LISTED OIL
    COMPANIES IN NIGERIA
    Amah Kalu Ogbonnaya*, Michael
    Chidiebere Ekwe & John Uzoma
    Ihendinihu
    Accounting Department, College of Management Sciences, Michael Okpara
    University of Agriculture, Umudike, Abia State Nigeria *kaluogbonnaya30@yahoo.com
    ABSTRACT This paper assessed the effect of ownership structure on financial reporting quality of
    listed oil companies in Nigeria. The ownership structure was proxy by the proportion of the
    total number of common shares owned by the board of directors to the total number of
    common share outstanding, while the
    financial reporting was computed through the
    1991 Jone’s model of financial reporting
    quality. Data for the study was sourced from
    the annual reports and accounts of the
    sampled study oil companies. Time series
    data from 2006-2019 was used. The
    hypotheses were tested using regression
    analysis technique. The result shows that
    ownership structure has a significant effect
    on quality of financial reports of listed oil
    companies in
    Nigeria. The study among others recommends
    that shareholders and investors to reconsider
    in the level of the ownerships in the
    companies especially the institutions that
    invest in other companies in other to increase
    their supervisory role on the management
    performance when preparing financial
    statement, it also went further to say that
    Accounting and Finance Research Association
    with regard to structure of company’s share
    ownerships that the government and the
    institution should consider the influence of
    shareholders control over the quality of the
    financial reporting.
    Keywords: Ownership Structure, Oil Company,
    Shareholders, Financial Reporting Quality.

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