Ownerships Structures and Accounting Conservatism among Nigeria Listed Firms.
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Abstract
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The article aims to examine the effect of ownership structure on accounting
conservatism among Nigeria listed firms. Correlational research design was employed in this
study and the sample size comprises of all 15 firms from the banking sector listed on the
Nigerian Stock Exchange (NSE) for the years 2013 – 2017. The study employed the panel
regression technique to estimate the coefficients of the variables in the model specified.
The study finds that there is a positive and insignificant relationship between managerial
ownership and accounting conservatism; a positive but an insignificant relationship was
observed between institutional ownership and accounting conservatism. However, foreign
ownership revealed a negative but not significant relationship with accounting conservatism.
We recommend that financial statements to include more detailed analysis of the structure of
their ownership and shareholding to provide more information for decision making for users
of the accounting information such as researchers and potential investors. Also, Regulatory
bodies should ensure all companies comply with the concept of conservatism by imposing
strict penalty on erring companies.
Keywords
HF5601 Accounting