Timeliness of Financial Reporting in Nigeria

Efobi, U., & Okougbo, P. (2014). Timeliness of financial reporting in Nigeria. SA Journal of Accounting Research, 28(1), 65-77.

16 Pages Posted: 19 Jun 2015

Date Written: April 30, 2012

Abstract

This study explored the factors that can influence the timeliness of financial reporting in Nigeria using a sample of 33 financial institutions (2005-2008). The Generalized Least Square (GLS) regression method was used for the estimation and the results reveal that on the average, the sampled companies used 122 days after the year end for the release of their financial reports. The size, leverage and performance of the companies have a negative significant relationship with the timeliness of their financial reports while the age of the company has a positive significant impact. Corporate governance plays a complementary role with some of the explanatory variables to explain financial reporting timeliness in Nigeria.

Keywords: Audit report lead time, corporate governance, corporate reporting, financial institutions, financial report, financial report timeliness.

JEL Classification: G14, M4

Suggested Citation

Efobi, Uchenna and Okougbo, Peace Onuwabhagbe, Timeliness of Financial Reporting in Nigeria (April 30, 2012). Efobi, U., & Okougbo, P. (2014). Timeliness of financial reporting in Nigeria. SA Journal of Accounting Research, 28(1), 65-77., Available at SSRN: https://ssrn.com/abstract=2612371

Uchenna Efobi

Covenant University ( email )

P.M.B. 1023
Km 10 Idiroko road
Ota, Ogun State 234
Nigeria

Peace Onuwabhagbe Okougbo (Contact Author)

Covenant University ( email )

P.M.B. 1023
Km 10 Idiroko road
Ota, Ogun State 234
Nigeria

HOME PAGE: http://www.covenantuniversity.edu.ng

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