ABSTRACT
This study seek to examine the relationship between corporate governance and financial reporting quality of selected listed non-financial firms in the Nigerian exchange group (NGX), the focus was on the non-financial sector which comprises of consumer goods, healthcare, and industrial goods firms. .The study regressed the dependent variable – Financial Reporting Quality on the Independent variables – Board Gender Diversity, Board Size, Board Independence and Ownership Concentration.
A sample of twenty-nine (29) listed non-financial firms from the period of 2018– 2023 were examined using descriptive statistics, correlation analysis and regression techniques were used to analyze the data in order to achieve the research objectives.
This study employed the Ordinary Least Square Method and the empirical results revealed that there is a positive significant linear relationship between the Board independence, Board gender diversity and ownership concentration with Financial reporting quality, while the study also revealed that board size has a negative significant effect on financial reporting quality.
The study recommends amongst others that management should assess the trade-offs between having a larger board with diverse expertise and a smaller board with more efficient decision-making. Also, they should consider potential downsizing efforts to streamline board operations and improve financial reporting quality and managers should ensure that concentrated ownership does not lead to excessive influence or conflicts of interest that could compromise financial reporting quality.
Keywords: Board independence, board gender diversity, board size, ownership concentration, financial performance, and financial reporting quality
