For correspondence:-
Received: August 13, 2019 Accepted: September 21, 2019 Published: Setpember 30, 2019
Citation: CEO Attributes and Timeliness of Financial Reporting. Account Tax Rev 2004; 3(3):13-21 doi:
© 2004 The authors.
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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.
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