Original Research Article | OPEN ACCESS
Board Characteristics and Timeliness of Financial Reporting

Onyinye Roselyn Ashibuogwu

1Department of Accounting, Faculty of Management Science, University of Benin, Benin City, Edo State..

For correspondence:-     Email: roselyn.ashibuogwu@atreview.org

Received: October 12 2021        Accepted: March 30 2022        Published: March 30 2022

Citation: Ashibuogwu OR. Board Characteristics and Timeliness of Financial Reporting. Account Tax Rev 2022; 6(1):89-106 doi:

© 2022 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..


This study was carried out to investigate the relationship between board characteristics [BOD] and the timeliness of financial statements [TIM]. The characteristics of the BOD examined in this study include board independence, board size, board gender diversity and board diligence. Data were collected from annual reports of 15 listed commercial banks on the Nigerian Stock Exchange (NSE) for the period between 2012 to 2018. The results show that board size, board gender diversity and board diligence have significant effects on the TIM. Board gender has a negative effect on the TIM. However, the board independence showed no significant effect based on the findings, the study recommended that the shareholders of listed commercial banks should ensure that the board has a reasonably small number of members as it has been revealed that a smaller board will reduce the delay in releasing the financial reports.

Keywords: Board independence, board size, board gender diversity, board diligence

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