Original Research Article | OPEN ACCESS
CEO Attributes and Timeliness of Financial Reporting

Uyioghosa Obazee1 Faith O. Amede2

Department of Accounting, Faculty of Management Sciences University of Benin, Benin City Nigeria.;

For correspondence:-  Uyioghosa Obazee   Email: uyioghosa.obazee@uniben.edu

Received: August 13, 2019        Accepted: September 21, 2019        Published: Setpember 30, 2019

Citation: Obazee U.Amede FO. CEO Attributes and Timeliness of Financial Reporting. Account Tax Rev 2019; 3(3):13-21 doi:

© 2019 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

Abstract

This work examines whether CEO attributes namely CEO tenure, gender, financial expertise, and ownership are significantly related to financial reporting timeliness. The study adopts a correlational research design and secondary data were sourced from firms quoted on the financial sector of the Nigerian Stock Exchange (NSE) for the period 2010-2016. The data collected were analysed using Ordinary Least Square (OLS) method regression technique. The findings reveal that CEO tenure and CEO gender are significantly related to financial reporting timeliness while CEO financial expertise and CEO ownership have no significant relationship with financial reporting timeliness. Based on the findings, it was recommended that CEOs should be allowed to retain their positions till the specified limit by the regulators. Also females should be considered more for the position of CEO. Share ownership should not be used as an incentive by the company for CEOs to report financial information in a timely manner. In seeking a new CEO, individuals who possess financial expertise should not be regarded higher than those who are not financial expert.

Keywords: Tenure, Financial expertise, CEO ownership, Gender, Timeliness


Article Tools

Share this article with



Article status: Free
Fulltext in PDF
Similar articles in Google
Similar article in this Journal:

Archives

2019; 3: 
1,   2,   3
2018; 2: 
1,   2,   3,   4
2017; 1: 
1

News Updates