Browsing by Author "Olowookere, J. K."

Now showing 1 - 2 of 2
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    Executive Compensation, Corporate Governance, and Financial Reporting Quality: Evidence from Listed Firms in Nigeria.
    (Istanbul Universitesi Yayinevi, 2022) Olorede, T. E.; Abogun, Segun; Olowookere, J. K.
    In many emerging economies with less efficient market systems like Nigeria, investors tend to rely on financial reports for decision-making. Managerial opportunistic behavior is associated with the need to achieve performance-based remuneration targets. However, corporate governance mechanisms are established to monitor managerial affairs which are believed to curb such behaviors. Hence, this study assesses the influence of executive compensation on the quality of financial reports with an interactive effect of corporate governance in Nigerian listed firms. The population of the study comprised all listed companies on the Nigerian Exchange Group (NGX) from which 74 firms were selected. Executive compensation was proxied with the chief executive officer’s total remuneration, and the corporate governance index was adopted as a measure of corporate governance. The discretionary accruals from the modified Jones model by Kothari, Leone, and Wasley (2005), and the accruals of Dechow and Dichev (2002) proxied for financial reporting quality. The estimation results showed that the interactive effect of executive compensation and corporate governance has a significant and negative influence on discretionary accruals, which indicates a positive relationship with reporting quality.
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    Value relevance of accounting information; The moderating effect of accounting conservatism in a frontier market.
    (Department of Business Administration, University of Maiduguri, 2020) Abogun, S.; Olowookere, J. K.; Kasum, Abubakar Sadiq
    This study examined the value relevance of accounting information and the moderating effect of conservatism on the value relevance of earnings. The Ohlson equity valuation model was used in this study as basis for model specification. Explanatory research design was employed and as such, panel data were obtained from secondary sources. The model of the study was estimated using panel fixed effect estimation technique. The study found that accounting information, which includes earnings, book value of equity, dividend, and conservatism have significant impact on share price.