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Moderating Influence of Board Gender Diversity and Diligence on Accounting Conservatism of Listed Manufacturing Firms in Nigeria
Subject area: Management and Commerce · Area of research: Accounting
Abstract
This study examined the effect of board gender diversity and diligence on accounting conservatism of listed manufacturing firms in Nigeria. The study adopted expo-facto research design. The population of the study was 57 companies listed on the Nigeria Exchange group. The sample was determined using convenience sampling technique which gave a sample size of 25 companies. The study covered the period 2007 to 2021 financial year. The study used secondary data. The data were analyzed using descriptive statistics and linear regression analysis. The effect of board gender diversity on accounting conservatism of listed manufacturing firms in Nigeria is statistically significant. The influence of board diligence on accounting conservatism of listed manufacturing firms in Nigeria is significant. It was recommended that, more female members should be appointed into boards to stimulate more objective and critical perspectives to board decision making. This is because women generally exhibit more independent thinking and are more risk-averse and less prone to overconfidence than male directors on corporate boards. To enhance board diligence, frequent attendance to board meetings by directors should be promoted to guide management towards pursuing shareholder interests and for strengthening monitoring and control over management actions and performance.
Keywords
Board Gender Diversity, Accounting Conservatism, Listed Manufacturing Firms in Nigeria.
How to cite this paper
@article{1704901,
author = {Hycienth Abuaja},
title = {Moderating Influence of Board Gender Diversity and Diligence on Accounting Conservatism of Listed Manufacturing Firms in Nigeria},
journal = {Iconic Research And Engineering Journals},
year = {2023},
volume = {7},
number = {1},
pages = {423-432},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1704901.pdf},
abstract = {This study examined the effect of board gender diversity and diligence on accounting conservatism of listed manufacturing firms in Nigeria. The study adopted expo-facto research design. The population of the study was 57 companies listed on the Nigeria Exchange group. The sample was determined using convenience sampling technique which gave a sample size of 25 companies. The study covered the period 2007 to 2021 financial year. The study used secondary data. The data were analyzed using descriptive statistics and linear regression analysis. The effect of board gender diversity on accounting conservatism of listed manufacturing firms in Nigeria is statistically significant. The influence of board diligence on accounting conservatism of listed manufacturing firms in Nigeria is significant. It was recommended that, more female members should be appointed into boards to stimulate more objective and critical perspectives to board decision making. This is because women generally exhibit more independent thinking and are more risk-averse and less prone to overconfidence than male directors on corporate boards. To enhance board diligence, frequent attendance to board meetings by directors should be promoted to guide management towards pursuing shareholder interests and for strengthening monitoring and control over management actions and performance.},
keywords = {Board Gender Diversity, Accounting Conservatism, Listed Manufacturing Firms in Nigeria.},
month = {July},
}