CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS
Information about the performance of firms is very important to investors for making investment decision. However, investors of firms in developing economies particularly in Nigeria are faced with the problem of access to relevant and reliable information. In view of this, this study examines the ef...
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Universidad Francisco de Paula Santander
2024
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| author | Abogun, Segun Orilonise, Mubarak Dauda, ISAH KASUM, Abubakar Sadiq |
| author_browse | Abogun, Segun Dauda, ISAH KASUM, Abubakar Sadiq Orilonise, Mubarak |
| author_facet | Abogun, Segun Orilonise, Mubarak Dauda, ISAH KASUM, Abubakar Sadiq |
| author_sort | Abogun, Segun |
| collection | DSPACE IDEP |
| description | Information about the performance of firms is very important to investors for making investment decision. However, investors of firms in developing economies particularly in Nigeria are faced with the problem of access to relevant and reliable information. In view of this, this study examines the effect corporate governance has on earnings persistence of Nigerian listed firms. This research employed the explanatory research design. It generated sampling frame for companies that are listed in 2002 and continues to be listed up to 2021, the entire 51 companies were used, using census sampling technique. Secondary data was employed for this study, extracted from the companies’ audited annual reports. The data obtained were analyzed using dynamic panel regression model. Findings from this study show that: (i) previous year earnings significantly influence current year earnings. (ii) Corporate governance has significant negative influence on the earnings of Nigeria listed firms. (iii) Current year earnings are significantly influenced by the interaction between corporate governance and the past year’s earnings. The study recommends the need for Nigeria listed firms to focus on improving their governance structures through appointing independent directors to the board, establishing effective internal control systems, and ensuring that executive compensation is aligned with long-term performance. |
| first_indexed | 2026-06-19T15:28:41Z |
| format | Online |
| id | oai:revistas.ufps.edu.co:article-4776 |
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| language | eng spa |
| last_indexed | 2026-06-19T15:28:41Z |
| publishDate | 2024 |
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| publisher | Universidad Francisco de Paula Santander |
| publisherStr | Universidad Francisco de Paula Santander |
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| spelling | oai:revistas.ufps.edu.co:article-47762024-12-03T20:32:56Z CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS Gobierno corporativo y persistencia de los beneficios de las empresas cotizadas en Nigeria. Abogun, Segun Orilonise, Mubarak Dauda, ISAH KASUM, Abubakar Sadiq Gobierno corporativo persistencia de los beneficios resultados empresariales estructura de gobierno Nigeria Corporate Governance Earnings persistence Firm performance governance structure Nigeria Information about the performance of firms is very important to investors for making investment decision. However, investors of firms in developing economies particularly in Nigeria are faced with the problem of access to relevant and reliable information. In view of this, this study examines the effect corporate governance has on earnings persistence of Nigerian listed firms. This research employed the explanatory research design. It generated sampling frame for companies that are listed in 2002 and continues to be listed up to 2021, the entire 51 companies were used, using census sampling technique. Secondary data was employed for this study, extracted from the companies’ audited annual reports. The data obtained were analyzed using dynamic panel regression model. Findings from this study show that: (i) previous year earnings significantly influence current year earnings. (ii) Corporate governance has significant negative influence on the earnings of Nigeria listed firms. (iii) Current year earnings are significantly influenced by the interaction between corporate governance and the past year’s earnings. The study recommends the need for Nigeria listed firms to focus on improving their governance structures through appointing independent directors to the board, establishing effective internal control systems, and ensuring that executive compensation is aligned with long-term performance. La información sobre los resultados de las empresas es muy importante para los inversores a la hora de tomar decisiones de inversión. Sin embargo, los inversores de las empresas de las economías en desarrollo, especialmente en Nigeria, se enfrentan al problema del acceso a información relevante y fiable. En vista de ello, este estudio examina el efecto del gobierno corporativo en la persistencia de los beneficios de las empresas nigerianas que cotizan en bolsa. En esta investigación se empleó el diseño de investigación explicativo. Se generó un marco de muestreo para las empresas que cotizaban en bolsa en 2002 y seguían cotizando hasta 2021; se utilizaron las 51 empresas en su totalidad, mediante la técnica de muestreo censal. Para este estudio se emplearon datos secundarios, extraídos de los informes anuales auditados de las empresas. Los datos obtenidos se analizaron mediante un modelo de regresión dinámica de panel. Las conclusiones de este estudio muestran que (i) Los beneficios del año anterior influyen significativamente en los del año en curso. (ii) El gobierno corporativo tiene una influencia negativa significativa en los beneficios de las empresas nigerianas que cotizan en bolsa. (iii) Los beneficios del año en curso están significativamente influidos por la interacción entre el gobierno corporativo y los beneficios del año anterior. El estudio recomienda que las empresas nigerianas que cotizan en bolsa se centren en mejorar sus estructuras de gobierno mediante el nombramiento de consejeros independientes, el establecimiento de sistemas eficaces de control interno y la garantía de que la remuneración de los ejecutivos esté en consonancia con los resultados a largo plazo. Universidad Francisco de Paula Santander 2024-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/pdf text/html text/xml https://revistas.ufps.edu.co/index.php/profundidad/article/view/4776 10.22463/24221783.4776 Revista Científica Profundidad Construyendo Futuro; Vol. 21 No. 21 (2024): Julio-Diciembre; 161-170 Revista Científica Profundidad Construyendo Futuro; Vol. 21 Núm. 21 (2024): Julio-Diciembre; 161-170 2422-2518 eng spa https://revistas.ufps.edu.co/index.php/profundidad/article/view/4776/5948 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4776/6084 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4776/5956 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4776/5955 /*ref*/Abogun, S., Olaniyi, T. A., Ijaiya, M. A., & Fagbemi, T. O. (2020). Earnings persistence of Nigerian listed banks. 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| spellingShingle | Gobierno corporativo persistencia de los beneficios resultados empresariales estructura de gobierno Nigeria Corporate Governance Earnings persistence Firm performance governance structure Nigeria Abogun, Segun Orilonise, Mubarak Dauda, ISAH KASUM, Abubakar Sadiq CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS |
| title | CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS |
| title_alt | Gobierno corporativo y persistencia de los beneficios de las empresas cotizadas en Nigeria. |
| title_full | CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS |
| title_fullStr | CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS |
| title_full_unstemmed | CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS |
| title_short | CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS |
| title_sort | corporate governance and earnings persistence of listed nigerian firms |
| topic | Gobierno corporativo persistencia de los beneficios resultados empresariales estructura de gobierno Nigeria Corporate Governance Earnings persistence Firm performance governance structure Nigeria |
| topic_facet | Gobierno corporativo persistencia de los beneficios resultados empresariales estructura de gobierno Nigeria Corporate Governance Earnings persistence Firm performance governance structure Nigeria |
| url | https://revistas.ufps.edu.co/index.php/profundidad/article/view/4776 |
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