DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY
This study examines the influence of audit quality and board independence on the financial performance of Nigerian banks from 2014 to 2023, using panel data and generalized least squares (GLS) random effects regression models. While neither audit quality nor board independence individually demonstr...
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| Format: | Article |
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Department of Accounting and Finance, Federal University Gusau
2024-09-01
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| Series: | Gusau Journal of Accounting and Finance |
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| Online Access: | https://www.journals.gujaf.com.ng/index.php/gujaf/article/view/443 |
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| _version_ | 1849225274280902656 |
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| author | Emmanuel Imuede Oyasor |
| author_facet | Emmanuel Imuede Oyasor |
| author_sort | Emmanuel Imuede Oyasor |
| collection | DOAJ |
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This study examines the influence of audit quality and board independence on the financial performance of Nigerian banks from 2014 to 2023, using panel data and generalized least squares (GLS) random effects regression models. While neither audit quality nor board independence individually demonstrated significant direct effects on return on equity (ROE), firm size exhibited a positive and statistically significant impact on performance. Additionally, the moderating role of board independence on the audit quality–performance nexus was not supported by the empirical evidence. These findings suggest that the governance mechanisms studied interact in complex ways within Nigeria‘s unique institutional context. The study contributes to corporate governance literature by highlighting the limitations of conventional governance assumptions in emerging marketsandunderscorestheimportanceofcontextualfactors.Policyimplicationsincludetheneedforenhanced audit quality metrics and strengthened board independence mechanisms tailored to local realities. Recommendations for future research focus on richer audit quality proxies and broader sectoral analyses.
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| format | Article |
| id | doaj-art-a885b60ca9a449bab1f6b1a85b0a48b7 |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-a885b60ca9a449bab1f6b1a85b0a48b72025-08-25T05:07:03ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-09-015110.57233/gujaf.v5i1.23DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMYEmmanuel Imuede Oyasor 0Department of Accounting Science, Walter Sisulu University Mthatha, South Africa This study examines the influence of audit quality and board independence on the financial performance of Nigerian banks from 2014 to 2023, using panel data and generalized least squares (GLS) random effects regression models. While neither audit quality nor board independence individually demonstrated significant direct effects on return on equity (ROE), firm size exhibited a positive and statistically significant impact on performance. Additionally, the moderating role of board independence on the audit quality–performance nexus was not supported by the empirical evidence. These findings suggest that the governance mechanisms studied interact in complex ways within Nigeria‘s unique institutional context. The study contributes to corporate governance literature by highlighting the limitations of conventional governance assumptions in emerging marketsandunderscorestheimportanceofcontextualfactors.Policyimplicationsincludetheneedforenhanced audit quality metrics and strengthened board independence mechanisms tailored to local realities. Recommendations for future research focus on richer audit quality proxies and broader sectoral analyses. https://www.journals.gujaf.com.ng/index.php/gujaf/article/view/443Audit QualityBoard IndependenceFinancial PerformanceNigerian BanksCorporate GovernanceFirm Size |
| spellingShingle | Emmanuel Imuede Oyasor DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY Gusau Journal of Accounting and Finance Audit Quality Board Independence Financial Performance Nigerian Banks Corporate Governance Firm Size |
| title | DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY |
| title_full | DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY |
| title_fullStr | DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY |
| title_full_unstemmed | DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY |
| title_short | DOES AUDIT QUALITY SHAPE FINANCIAL OUTCOMES? EXAMINING BOARD INDEPENDENCEASASTRATEGICMODERATORFORENHANCEPERFORMANCE OF DEPOSIT MONEY BANKS IN AN EMERGING ECONOMY |
| title_sort | does audit quality shape financial outcomes examining board independenceasastrategicmoderatorforenhanceperformance of deposit money banks in an emerging economy |
| topic | Audit Quality Board Independence Financial Performance Nigerian Banks Corporate Governance Firm Size |
| url | https://www.journals.gujaf.com.ng/index.php/gujaf/article/view/443 |
| work_keys_str_mv | AT emmanuelimuedeoyasor doesauditqualityshapefinancialoutcomesexaminingboardindependenceasastrategicmoderatorforenhanceperformanceofdepositmoneybanksinanemergingeconomy |