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Effect of Audit Committee Features on Profitability of Listed Consumer Goods Companies in Nigeria
Subject area: Management and Commerce · Area of research: Accounting and Finance
Abstract
This study examines the Effect of Audit Committee Features on Profitability of Listed Consumer Goods Companies in Nigeria Exchange Group (NGX). Explanatory research design was used, and the population of the study comprised all the 21 listed consumer goods companies in Nigeria for the period 2015-2024. Data for the study was obtained from the annual reports and accounts of the 10 sampled companies. The Multiple regression analysis technique was used in analyzing the data. The findings revealed that Audit Committee Gender Diversity (ACGND) and Audit Committee Meetings Attendance (ACMAT) have a significant negative effect on financial performance as measured by both Return on Assets (ROA) and Tobin’s Q (TQ), respectively, while Audit Committee Financial Expertise (ACFEX) and Audit Committee Share Ownership has a significant positive effect on financial performance (measured by ROA and TBQ). The study recommends that the management of listed consumer goods companies in Nigeria should keep an optimal number of women in their audit committee as their presence has a significant negative effect on their financial performances as revealed by the regression results in this study. Secondly, the management of consumer goods companies in Nigeria should continue to maintain the number of audit committee members that have acquired financial expertise, this will go a long way in improving their financial performance.
Keywords
Audit Committee, Features, on Profitability, Listed Consumer Goods Companies, Nigeria.
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How to cite this paper
@article{1717111,
author = {Sabiu Umar, Bala Suleiman Dalhat, Lawan Yahaya},
title = {Effect of Audit Committee Features on Profitability of Listed Consumer Goods Companies in Nigeria},
journal = {Iconic Research And Engineering Journals},
year = {2026},
volume = {9},
number = {10},
pages = {3943-3965},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1717111.pdf},
abstract = {This study examines the Effect of Audit Committee Features on Profitability of Listed Consumer Goods Companies in Nigeria Exchange Group (NGX). Explanatory research design was used, and the population of the study comprised all the 21 listed consumer goods companies in Nigeria for the period 2015-2024. Data for the study was obtained from the annual reports and accounts of the 10 sampled companies. The Multiple regression analysis technique was used in analyzing the data. The findings revealed that Audit Committee Gender Diversity (ACGND) and Audit Committee Meetings Attendance (ACMAT) have a significant negative effect on financial performance as measured by both Return on Assets (ROA) and Tobin’s Q (TQ), respectively, while Audit Committee Financial Expertise (ACFEX) and Audit Committee Share Ownership has a significant positive effect on financial performance (measured by ROA and TBQ). The study recommends that the management of listed consumer goods companies in Nigeria should keep an optimal number of women in their audit committee as their presence has a significant negative effect on their financial performances as revealed by the regression results in this study. Secondly, the management of consumer goods companies in Nigeria should continue to maintain the number of audit committee members that have acquired financial expertise, this will go a long way in improving their financial performance.},
keywords = {Audit Committee, Features, on Profitability, Listed Consumer Goods Companies, Nigeria.},
month = {April},
}