Academia.eduAcademia.edu

Outline

Title
Abstract
Introduction
Literature Review
Conclusions and Recommendations
References
All Topics
Business and Management
Accounting

AUDIT COMMITTEE AND FINANCIAL RISK DISCLOSURE

Profile image of Onipe A D A B E N E G E YahayaOnipe A D A B E N E G E Yahaya

2025, Journal of Finance and Accounting

https://doi.org/10.11215/JFA.2025.V18.I6.107
visibility

…

description

35 pages

link

1 file

Abstract

In the wake of recurrent financial crises and heightened stakeholder demand for transparency, financial risk disclosure (FRD) has emerged as a critical mechanism for mitigating information asymmetry and enhancing market confidence. However, the role of the audit committee (AC) in shaping the quality and extent of FRD remains underexplored, particularly in emerging economies. This study investigates the effect of audit committee characteristics-size, independence, financial expertise, and meeting frequency-on the level of financial risk disclosure among 127 publicly listed firms on the Main Board of NGX. The study is motivated by the problem of persistent opacity in financial risk reporting, which undermines informed decision-making and poses significant threats to corporate accountability and investor protection. The purpose of the study is to assess whether and how the composition and effectiveness of the audit committee influence firms' financial risk transparency. A quantitative research design was employed, utilizing panel data from 45 non-financial firms listed on the Nigerian Exchange Group over 10 years (2014-2023). The data were analyzed using a random-effects panel regression model. Findings reveal that audit committee independence and financial expertise have a statistically significant positive effect on the extent of FRD, while size and meeting frequency exhibit no significant relationship. These results underscore the importance of technical competence and autonomy in overseeing risk-related disclosures. The study is limited by its focus on a single emerging market and the exclusion of financial firms due to their distinct regulatory framework. Nonetheless, the findings have practical implications for regulators and boards seeking to enhance transparency through audit committee reform. Socially, improved FRD contributes to investor protection and economic stability. This study contributes to the corporate governance and risk disclosure literature by providing empirical evidence on the governance mechanisms that drive financial transparency in emerging markets, thereby offering original insights for policy and practice.

Related papers

The Impact of Multi-Layer Governance on Bank Risk Disclosure in Emerging Markets: The Case of Middle East and North Africa
Hussein A . Abdou, Ahmed A Elamer

Accounting Forum, 2019

This study examines the impact of multi-layer governance mechanisms on the level of bank risk disclosure. Using a large dataset from 14 Middle East and North Africa (MENA) countries over a period of 8 years, our findings are three-fold. First, our results suggest that the presence of a Sharia supervisory board is positively associated with the level of risk disclosure. Second and at the bank-level, we find that ownership structures have a positive effect on the level of risk disclosure. At the country-level, our evidence suggests that control of corruption has a positive effect on the level of bank risk disclosure. Our study is, therefore, a major departure from much of the existing accounting literature that offers new crucial insights that show that firms’ disclosure choices are not mainly shaped by firm-level (internal) governance arrangements, but also country-level (external) governance and religious factors. Our findings have important implications for corporate boards, investors, regulatory authorities, standards-setters and governments relating to the development, implementation and enforcement of corporate and national governance standards.

View PDFchevron_right
Empirical Evidence of Corporate Governance Disclosure in Brazil, China, India, Korea and Russia
Tristan Nguyen
View PDFchevron_right
Determinants of Corporate Disclosure and Transparency
Piman Limpaphayom

International Corporate Responsibility Series

This study examines the degrees of corporate disclosure and transparency of publicly listed companies in two emerging markets and analyzes corporate disclosure practices as a function of specific firm characteristics. The analysis uses the disclosure and transparency scores extracted from a survey instrument designed to rate disclosure practices of publicly listed companies by using the OECD Corporate Governance Principles as an implicit benchmark. Empirical results show that financial characteristics explain some of the variation in the degrees of corporate disclosure for firms in Hong Kong but not for firms in Thailand. Further, corporate governance characteristics, such as board size and board composition show more significant associations with the degrees of corporate disclosure in Thailand than in Hong Kong. The results are broadly consistent with the notion that good corporate governance leads to better corporate disclosure and transparency in less developed markets.

View PDFchevron_right
Corporate Governance and Risk Disclosure: Evidence from Saudi Arabia
Khaled Hussainey

Corporate Ownership and Control, 2016

This study aims to empirically explore corporate governance and the demographic traits of top management teams as the determinants of voluntary risk disclosure practices in listed banks. This study also aims to contribute to the existing risk disclosure literature by investigating the effect of a combination of determinants on voluntary risk disclosure practices in an emerging market. Furthermore, this study seeks to contribute to risk disclosure theories by employing the upper echelons theory to examine the determinants and their effects on voluntary risk disclosure practices. Design/Methodology/Approach- This investigation uses manual content analysis to measure the levels of risk disclosure in all Saudi listed banks from 2009 to 2013. It also uses ordinary least squares regressions analysis to examine the joint effect of corporate governance and demographic traits on risk disclosure. Results- The empirical findings show that external ownership, audit committee meetings, gender, s...

View PDFchevron_right
Analysis of corporate governance disclosure: a study through BRICS countries
Domenico Ceglia

Purpose – The study aims to analyze the level of the disclosure of corporate governance practices by the companies that belong to the BRICS (Brazil, Russia, India, China and South Africa) countries according to normative recommendations and coercive requirements considering the enforcement of laws and norms in the different legal systems and to explain it in the light of the institutional theory approach. Design/methodology/approach – The practices disclosed by a sample of the 20 largest companies listed on the stock exchanges of each of the BRICS countries were analysed, and the 52 practices recommended by UNCTAD (2009) were used as a parameter. The corporate governance practices of the companies were confronted with the laws, rules and norms that require or recommend their adoption and disclosure. Findings – China has 49 practices required by own national law in face of 52 recommended by UNCTAD/International Financial Reporting Standards (IFRS) followed by South Africa with 44, Russia with 33, Brazil with 28 and India with 24. Brazil has 47 practices recommended by own national governance code in face of 52 recommended by UNCTAD/Intergovernmental Working group of Experts on International Standards of Accounting and Reporting (ISAR), followed by Russia with 45, China with 44, South Africa with 41 and India with 22. It was found that Brazil has the higher median of number of companies disclosing corporate governance practices with 17, followed by India with 13, Russia with 11, South Africa and China with 7. Research limitations/implications – This research shows that more studies are necessary using the institutional theory to investigate how the normative and coercive pressures influence the disclosure of corporate governance information considering the enforcement of laws and norms in the different legal systems. Practical implications – The differences observed in this study about normative and coercive forces are presented as an opportunity in the legal sphere of some countries to implement mechanisms to increase their level of enforcement. Originality/value – This research contributes to various audiences such as governmental institutions, professional associations, market institutions to better understand their role in the improvement of the adoption of corporate governance practices and disclosure of information related to it.

View PDFchevron_right
Corporate governance code and voluntary disclosure of integrated reporting: Evidence from an emerging economy
Salaheldin Hamad

Sustainable Development, 2022

Integrated reporting (IR) is the most recent business reporting paradigm that seeks to improve information quality and create sustainable value. This study investigates the impact of the Malaysian Code on Corporate Governance (MCCG) 2017 on the voluntary IR disclosure quality. Data is collected from the top 100 Malaysian public listed companies from 2016 to 2020. The study used content analysis and a developed IR disclosure index on panel data of companies that fully adopt IR. The results show ongoing growth in IR adoption among Malaysian companies; most of them are aware of its benefits. The study provides empirical evidence on the positive influence of MCCG 2017 on the IR disclosure quality using the random effects generalised least squares regression model. The trend analysis confirms that Malaysian companies enhanced their IR disclosure quality, especially after 2017. The results also show that the research sample has reported 70% for each IR content element in 2020. In this regard, the highest reported element is ‘risks and opportunities’. Thus, several companies have established enterprise risk management frameworks and risk committees. This study contributes to the literature by providing an intensive investigation of the IR practices in Malaysia's earliest adoption stages preceding and following the MCCG 2017.

View PDFchevron_right
Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country
Collins Ntim, Hussein A . Abdou, Abdalrhman Alnabsha, Ahmed A Elamer

Purpose: This paper investigates the effect of corporate board attributes, ownership structure and firm-level characteristics on both corporate mandatory and voluntary disclosure behaviour in annual reports of Libyan firms. Design/methodology/approach: Multivariate regression techniques are used to estimate the effect of corporate board and ownership structures on mandatory and voluntary disclosures of a sample of Libyan firms between 2006 and 2010. Findings: Our results are as follows. First, we find that board size, board composition, the frequency of board meetings and the presence of an audit committee have an impact on the level of corporate disclosure. Second, this study finds an evidence that director ownership, foreign ownership, government ownership and institutional ownership have a non-linear effect on the level of corporate disclosure. Finally, we find that firm age, liquidity, listing status, industry type and auditor type are positively associated with the level of corporate disclosure. Limitation: Future research could investigate disclosure practices using other channels of corporate disclosure, such as corporate websites. Useful insights may be offered also by future studies by conducting in-depth interviews with corporate managers, directors and owners regarding these issues. Implication: Investors may also rely on such corporate governance characteristics to shape expectations about voluntary and/or mandatory information disclosure. Originality/value: Existing disclosure studies have mainly examined governance and voluntary disclosure relationship in non-listed firms. Our study, therefore, extends, as well as contributes to the existing literature by the examining the governance-disclosure nexus relating to both mandatory and voluntary disclosures in both listed and non-listed firms. Keywords: Corporate governance; Board and ownership structures; Corporate disclosure behaviour; Multi-theoretical perspective.

View PDFchevron_right
Internal control information disclosure and corporate governance: evidence from an emerging market
Ben Agyei-mensah

Purpose – The purpose of this study is to increase our understanding of the impact of corporate governance factors on the disclosure of internal control information by firms in Ghana. Design/methodology/approach – A data set from 110 firms in Ghana for the year ending of 2013 was used. Each annual report was individually examined and coded to obtain the disclosure of internal control information index. Descriptive analysis was performed to provide the background statistics of the variables examined. This was followed by regression analysis, which forms the main data analysis method. Findings – Results of the disclosure of internal control information mean of 35 per cent indicate that most of the sampled firms did not disclose sufficient internal control information in their annual reports. The low level of internal control information disclosure cannot be used by stakeholders to determine the level of corporate governance practices in the sampled companies. The results of the regression analysis indicate that board independence is a significant variable that explains the disclosure of internal control disclosure. This supports the generally held view that independent directors help to improve the quality of disclosure and increase the transparency of information. Originality/value – This is the first study in Ghana that considered the impact of corporate governance factors on internal control information disclosures. This study contributes to the literature on the relationship between corporate governance and disclosure by showing that the disclosure of internal control information in Ghana is associated with the proportion of independent board members. This findings support Sarbanes–Oxley (SOX) 404 requirements, even though this is not compulsory for Ghanaian firms unlike their US counterparts. The findings of this study will help market regulators in Ghana and Sub-Saharan Africa, Security and Exchange Commission (SEC) and the Sub-Saharan African Exchanges in evaluating the adequacy of the current disclosure regulations in their countries. Understanding the board composition and their impact on voluntary disclosure provides evidence on the sufficiency of the board of directors' guidelines in the corporate governance code in Sub-Saharan African countries.

View PDFchevron_right
1 the Extent of Corporate Governance Disclosure and Its Determinants in a Developing Market: The
Khaled Dahawy

2016

extent of corporate governance disclosure and its determinants

View PDFchevron_right
The Effect of Corporate Governance Mechanisms, Capital Structure and Firm Size on Risk Management Disclosure
asrori asrori

Accounting Analysis Journal, 2020

This study aims to determine the effect of the duties and responsibilities of directors, institutional ownership, managerial ownership, capital structure and firm size on RMD in an Islamic banks. The population in this study is the Islamic Banks in Indonesia. There is 35 annual reports of Islamic banks as samples. The analytical method used is multiple linear regression analysis using SPSS tool. The results showed that the firm size significant positive effect on RMD. While the other variables are the duties and responsibilities of directors, institutional ownership, managerial ownership and capital structure does not affect the RMD. Researchers further advised to analyze other factors that may affect the RMD on Islamic banks such as the duties and responsibilities of the board of commissioners. Keywords: Risk Management Disclosure (RMD), Mechanism Corporate Governance, Duties and Responsibilities of Directors, Institution Ownership, Management Ownership, Capital Structure, Firm Size.

View PDFchevron_right

References (201)

  1. Al-Moataz, E., & Hussainey, K. (2012). Determinants of corporate governance disclosure in Saudi Arabia. Journal of Economics and Management, 6(2), 369- 394. Al-Shammari, B. (2014). Determinants of financial risk disclosure in Gulf Cooperation Council (GCC) countries. Journal of Economic and Administrative Sciences, 30(2), 108-135. https://doi.org/10.1108/JEAS-10-2013-0030
  2. Al-Shammari, B., Brown, P., & Tarca, A. (2008). An investigation of compliance with international accounting standards by listed companies in the Gulf Co- Operation Council member states. The International Journal of Accounting, 43(4), 425-447. https://doi.org/10.1016/j.intacc.2008.09.003
  3. Amachukwu, V., & Yahaya, O. A. (2024). The moderating effect of board independence on CEO tenure and firm performance. Journal of Financial Reporting and Analysis, 9(27), 127-164.
  4. Amin, H. M., & Yahaya, O. A. (2025). The effects of board characteristics and institutional ownership on corporate social responsibility. Journal of Finance and Management, 18(4), 114-136. DOI: https://10/11422/jfam.v18i4.114
  5. Amran, A., Manaf, R. N. A., & Che Haat, M. H. (2009). Risk reporting: An exploratory study on risk management disclosures in Malaysian annual reports. Managerial Auditing Journal, 24(1), 39-57. https://doi.org/10.1108/02686900910919907Elzahar, H., & Hussainey, K. (2012). Determinants of narrative risk disclosures in UK interim reports. Journal of Risk Finance, 13(2), 133-147. https://doi.org/10.1108/15265941211214084
  6. Anderson, R. C., Mansi, S. A., & Reeb, D. M. (2004). Board characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics, 37(3), 315-342. https://doi.org/10.1016/j.jacceco.2004.01.004
  7. Andrew, L., & Yahaya, O. A. (2024). Estimating a predictive model for share price based on the influence of the board attributes in Nigeria. Global Finance, Accounting, and Economics Perspectives, 9(18), 590-620.
  8. Anthonio, A., & Yahaya, O. A. (2024). A corporate governance perspective on the audit committee and its role in improving earnings quality. Advanced Research in Economics and Business Strategy, 5(1), 78-107.
  9. Apochi, J. G., Mohammed, S. G., & Yahaya, O. A. (2022). Ownership structure, board of directors and financial performance: Evidence in Nigeria. Global Review of Accounting and Finance, 13(1), 77-98.
  10. Apochi, J. G., Mohammed, S. G., Onyabe, J. M., & Yahaya, O. A. (2022). Does corporate governance improve financial performance? Empirical evidence from Africa listed consumer retailing companies. Management Studies, 12(1), 111- 124.
  11. Apochi, J. G., Yahaya, O. A., & Yusuf, M. J. (2024). The relationship between board diversity and CEO turnover. Brazilian Business Review, 3(2), 1-45.
  12. Arah, A. B., & Yahaya, O. A. (2024). The impact of SDGs on the socio-economic lives of people of Niger State. Michigan Journal of Sustainability, 12(1), 142-178.
  13. Audu, R. A., & Yahaya, O. A. (2024). Audit committee attributes and financial reporting quality of listed consumer goods firms in Nigeria. International Journal of Accounting and Management Sciences, 3(3), 238-257.
  14. Awen, B. I., & Yahaya, O. A. (2023). Can the CEO reverse the increasing leverage of listed firms in Nigeria? International Journal of Research in Business and Social Science, 12(1), 423-433.
  15. Awen, B. I., & Yahaya, O. A. (2023). Determinants of environmental disclosure quality using Probit estimation among deposit money banks in Nigeria. Warfare, Command and Capacity Building in Nigeria. Archers.
  16. Awen, B. I., & Yahaya, O. A. (2023). Gender and nationality among board members and audit quality in Nigerian Listed Firms. Audit and Accounting Review, 3(1), 40-57.
  17. Awen, B. I., & Yahaya, O. A. (2023). The role of women in sustainability reporting. Wayamba Journal of Management, 14(1), 16-34.
  18. Awen, B. I., & Yahaya, O. A. (2024). Building a corporate governance index for an emerging market ESG performance. University of Auckland Business Review, 27(2), 81-117.
  19. Awen, B. I., & Yahaya, O. A. (2024). How women directors influence dividend policies? Journal of Competition Law and Economics, 20(2), 682-703.
  20. Awen, B. I., & Yahaya, O. A. (2024). The impact of risk committee on sustainability disclosure. Kardan Journal of Economics and Management Sciences, 7(2), 137-172.
  21. Awen, B. I., Adewinmisi, G. O., & Yahaya, O. A. (2022). The influence of ownership structure on dividend policy in reducing agency problems in Nigeria listed non-financial services companies. Int Journal of Accounting and Finance, 12(3), 99-111.
  22. Awen, B. I., Lamido, A. I., & Yahaya, O. A. (2023). Board size, independence and dividend policy in Nigeria. Intl Journal of Economics and Finance, 15(5), 72-91.
  23. Awen, B. I., Onyabe, J. M., & Yahaya, O. A. (2022). Can the board of directors increase firm value? Evidence from the Nigerian Exchange Group. Korean Accounting Review, 47(12), 82-97.
  24. Awolola, J., & Yahaya, O. A. (2024). Do audit firms and audit committees enhance earnings quality? Journal of Financial Economics and Accounting, 9(13), 784-821.
  25. Awolola, M., & Yahaya, O. A. (2024). The impact of environmental, social, and governance reporting on investment decisions. Business, Management, and Economics Engineering, 22(1), 66-106.
  26. Baatwah, S. R., Salleh, Z., & Ahmad, N. (2019). The effect of audit committee expertise and meeting frequency on earnings quality. Journal of Contemporary Accounting and Economics, 15(1), 1-19. https://doi.org/10.1016/j.jcae.2018.11.002
  27. Baba, A. I., & Yahaya, O. A. (2023). The powers of audit and risk committees in constraining earnings management. Accounting Education, 32(4), 1-17.
  28. Bappa, B., & Yahaya, O. A. (2024). An analysis of the relationship between auditor independence and audit quality. Universal Journal of Financial Economics, 3(1), 32-55.
  29. Barako, D. G., Hancock, P., & Izan, H. Y. (2006). Factors influencing voluntary corporate disclosure by Kenyan companies. Corporate Governance: An International Review, 14(2), 107-125. https://doi.org/10.1111/j.1467- 8683.2006.00491.x
  30. Barako, D. G., Hancock, P., & Izan, H. Y. (2006). Factors influencing voluntary corporate disclosure by Kenyan companies. Corporate Governance: An International Review, 14(2), 107-125. https://doi.org/10.1111/j.1467- 8683.2006.00491.x
  31. Barako, D. G., Hancock, P., & Izan, H. Y. (2006). Factors influencing voluntary corporate disclosure by Kenyan companies. Corporate Governance: An International Review, 14(2), 107-125. https://doi.org/10.1111/j.1467- 8683.2006.00491.x
  32. Barako, D. G., Hancock, P., & Izan, H. Y. (2006). Factors influencing voluntary corporate disclosure by Kenyan companies. Corporate Governance: An International Review, 14(2), 107-125. https://doi.org/10.1111/j.1467- 8683.2006.00491.x Barros, C. P., Boubaker, S., & Hamrouni, A. (2013). Corporate governance and voluntary disclosure in France. The Journal of Applied Business Research, 29(2), 561-578.Baatwah, S. R., Salleh, Z., & Ahmad, N. (2019). The effect of audit committee expertise and meeting frequency on earnings quality. Journal of Contemporary Accounting and Economics, 15(1), 1-19. https://doi.org/10.1016/j.jcae.2018.11.002
  33. Bashir, I. G., & Yahaya, O. A. (2024). The effect of working capital management on the profitability of listed consumer goods firms in Nigeria. Journal of Economics and Management, 46, 246-259.
  34. Baxter, P., & Cotter, J. (2009). Audit committees and earnings quality.
  35. Accounting & Finance, 49(2), 267-290. https://doi.org/10.1111/j.1467- 629X.2008.00290.x
  36. Baxter, P., & Cotter, J. (2009). Audit committees and earnings quality.
  37. Accounting & Finance, 49(2), 267-290. https://doi.org/10.1111/j.1467- 629X.2008.00290.x
  38. Bedard, J., Chtourou, S. M., & Courteau, L. (2004). The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A Journal of Practice & Theory, 23(2), 13-35. https://doi.org/10.2308/aud.2004.23.2.13
  39. Beretta, S., & Bozzolan, S. (2004). A framework for the analysis of firm risk communication. The International Journal of Accounting, 39(3), 265-288. https://doi.org/10.1016/j.intacc.2004.06.006
  40. Beretta, S., & Bozzolan, S. (2004). A framework for the analysis of firm risk communication. The International Journal of Accounting, 39(3), 265-288. https://doi.org/10.1016/j.intacc.2004.06.006
  41. Beyer, A., Cohen, D. A., Lys, T. Z., & Walther, B. R. (2010). The financial reporting environment: Review of the recent literature. Journal of Accounting and Economics, 50(2-3), 296-343. https://doi.org/10.1016/j.jacceco.2010.10.003
  42. Black, M., & Yahaya, O. A. (2024). Which ownership structure is significant in ESG performance? American Business Review, 27(2), 635-664.
  43. Bouteiller, C., & Tremblay, M. S. (2017). The impact of audit committee characteristics on financial risk disclosure: Evidence from Canada. Accounting Perspectives, 16(3), 231-253. https://doi.org/10.1111/1911- 3838.12145Sharma, V. D., & Kuang, C. (2014). Voluntary risk disclosures, audit committee meetings and firm performance. Advances in Accounting, 30(2), 309- 322. https://doi.org/10.1016/j.adiac.2014.09.002
  44. Busayo, E., & Yahaya, O. A. (2024). Do women enhance intellectual capital? The Journal of Finance, 74(4), 2902-2934.
  45. Charles, Y., & Yahaya, O. A. (2024). The value relevance of intellectual capital. Journal of Intellectual Capital, 25(2), 233-254.
  46. Chuma, N., Yahaya, O. A. (2024). The influence of gender diversity on earnings management. Asian American Research Journal, 4(2024), 1-30.
  47. Creswell, J. W. (2014). Research design: Qualitative, quantitative, and mixed methods approaches (4th ed.). Sage.
  48. Dania, I. S., & Yahaya, O. A. (2022). CEO power and intangible assets. Asian Academy of Management Journal of Accounting and Finance, 18(2), 270-286.
  49. Diamond, D. W., & Verrecchia, R. E. (1991). Disclosure, liquidity, and the cost of capital. The Journal of Finance, 46(4), 1325-1359. https://doi.org/10.1111/j.1540-6261.1991.tb04620.x
  50. Dobler, M. (2008). Incentives for risk reporting-A discretionary disclosure and cheap talk approach. The International Journal of Accounting, 43(2), 184-206. https://doi.org/10.1016/j.intacc.2008.04.005
  51. Ebiprewei, G., Yahaya, O. A., & Chukwueze, C. (2024). The asymmetric effects of integrated reports on firm value. Journal of Governance and Integrity, 7(1), 748- 772. Elzahar, H., & Hussainey, K. (2012). Determinants of narrative risk disclosures in UK interim reports. Journal of Risk Finance, 13(2), 133-147. https://doi.org/10.1108/15265941211203189
  52. Elzahar, H., & Hussainey, K. (2012). Determinants of narrative risk disclosures in UK interim reports. Journal of Risk Finance, 13(2), 133-147. https://doi.org/10.1108/15265941211203189
  53. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037
  54. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037
  55. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037
  56. Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman.
  57. García-Sánchez, I. M., Rodríguez-Domínguez, L., & Gallego-Álvarez, I. (2012). Audit committee characteristics and risk disclosure transparency. Corporate Governance: An International Review, 20(4), 351-367. https://doi.org/10.1111/j.1467-8683.2012.00924.x
  58. García-Sánchez, I. M., Rodríguez-Domínguez, L., & Gallego-Álvarez, I. (2011). Corporate governance and strategic information on the internet: A study of Spanish listed companies. Accounting, Auditing & Accountability Journal, 24(4), 471-501. https://doi.org/10.1108/09513571111133063
  59. Gimbason, J. T., & Yahaya, O. A. (2024). Ownership structure and sustainability reporting. Journal of Entrepreneurship and Sustainability Issues, 12(1), 77-102.
  60. Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed.). McGraw- Hill/Irwin.
  61. Gummi, Y., & Yahaya, O. A. (2024). How does the heterogeneity of institutional investors affect audit quality? Journal of Alternative Finance, 1(2), 211-233.
  62. Hadi, S., & Yahaya, O. A. (2023). Auditors' characteristics and accounting information asymmetry. Asian Journal of Management Studies, 3(3), 42-56.
  63. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate data analysis (8th ed.). Cengage Learning.
  64. Haji, A. A., & Ghazali, N. A. M. (2013). The influence of audit committee attributes on corporate risk disclosure. Journal of Risk Finance, 14(4), 320-338. https://doi.org/10.1108/JRF-03-2013-0020
  65. Haruna, M., & Yahaya, O. A. (2024). Foreign ownership and firm performance in the NGX 153 companies. Korean Journal of Financial Studies, 53(3), 392-437.
  66. Hassan, B., & Yahaya, O. A. (2024). An examination of the relationship between governance practices and financial reporting transparency. International Journal of Management Technology and Engineering, 14(5), 64-85.
  67. Hassan, M. K. (2009). Risk management practices of UK firms: The role of volatility and disclosure. International Journal of Disclosure and Governance, 6(3), 297-319. https://doi.org/10.1057/jdg.2009.4
  68. Hassan, O. A. G. (2019). Governance mechanisms and the level of risk disclosure: Evidence from the UK. International Journal of Accounting, Auditing and Performance Evaluation, 15(1), 1-20. https://doi.org/10.1504/IJAAPE.2019.096045
  69. Healy, P. M., & Palepu, K. G. (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics, 31(1-3), 405-440. https://doi.org/10.1016/S0165-4101(01)00018-0
  70. Henry, E., & Yahaya, A. (2024). Board composition and dividend policy decisions. Management and Strategic Decision-Making. 11(1), 31-79.
  71. Hossain, M., Tan, L. M., & Adams, M. B. (1994). Voluntary disclosure in an emerging capital market: Some empirical evidence from companies listed on the Kuala Lumpur Stock Exchange. The International Journal of Accounting, 29(4), 334-351.
  72. Ibrahim, A., & Yahaya, O. A. (2023). Board demographic characteristics and cost of capital decisions. Journal of Contemporary Accounting, 5(2), 126-143.
  73. Ibrahim, M., & Yahaya, O. A. (2023). Ownership structure and leverage. The Australasian Accounting, Business and Finance Journal, 17(4), 239-258.
  74. Ibrahim, S. I., & Yahaya, O. A. (2023). Which nomination committee attributes matter in improving financial performance? Journal of Business Management and Economic Research, 7(9), 231-257.
  75. Ibrahim, S. I., & Yahaya, O. A. (2024). An inquiry into the nexus between a CEO and working capital management quality. J of Smart Economic Growth, 9(1), 135-163.
  76. Ibrahim, S. I., & Yahaya, O. A. (2024). Applying GMM technique to auditor and value relationship. Economic and Business, 37, 247-274.
  77. Ibrahim, S. I., & Yahaya, O. A. (2024). Board of directors and financial statements fraud. European Journal of Accounting, Finance and Business, 12(1), 137-167.
  78. Itopa, E., Alexander, S., & Yahaya, O. A. (2022). Board of directors and earnings management: Evidence from the Nigerian Exchange Group. Journal of Accounting and Finance, 22(3), 45-59.
  79. Itopa, E., Imam, M., Musa, U., & Yahaya, O. A. (2019). Corporate governance and capital structure: Evidence from Nigeria listed financial services firms. Journal of Business Management and Economic Research (2602-3385), 3(12), 75-89.
  80. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X Kabir, Y. I., Tnushi, P. S., Jada, R., & Yahaya, O. A. (2023). Ownership demographics and financial performance of listed oil and gas companies in Nigeria moderated by firm size. Journal of Accounting and Management, 13(3), 141-162.
  81. Klein, A. (2002). Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics, 33(3), 375-400. https://doi.org/10.1016/S0165-4101(02)00059-9
  82. Krishnan, G. V., & Visvanathan, G. (2008). Does the SOX definition of an accounting expert matter? The association between audit committee directors' accounting expertise and accounting conservatism. Contemporary Accounting Research, 25(3), 827-858. https://doi.org/10.1506/car.25.3.7
  83. Krishnan, J., & Visvanathan, G. (2008). Does the SOX definition of an accounting expert matter? The association between audit committee directors' accounting expertise and accounting conservatism. Contemporary Accounting Research, 25(3), 827-857. https://doi.org/10.1506/car.25.3.8
  84. Lamidi, S., Yahaya, O. A., & Abdulwahab, A. I. (2024). Does board diversity influence a company's commitment to corporate social responsibility and sustainability initiatives? Scientific Annals of Economics and Business, 71(2), 315-349.
  85. Lamido, I. A., Ibrahim, M. F., & Yahaya, O. A. (2023). Audit committee and financial performance: Evidence from Nigeria. Review of Applied Management and Social Sciences, 6(1), 581-590.
  86. Lamido, I. A., Yusuf, M. J., & Yahaya, O. A. (2023). A meta-analysis of female directors and instability in firm value in Nigeria. China Journal of Accounting Studies, 11(7), 325-337.
  87. Lawal, C., & Yahaya, O. A. (2024). Could board financial expertise enhance audit quality? Academy of Management Learning and Education, 23(2), 89-125.
  88. Lawal, D., & Yahaya, O. A. (2024). The role of firm complexity in the nexus between board size and financial performance. European Management Journal, 42, 288-298.
  89. Lawal, R., & Yahaya, O. A. (2024). The impact of corporate governance on integrated reporting. Management Decision, 62(1), 370-392.
  90. Lawal, Z., & Yahaya, O. A. (2024). What drives the Nigerian leverage? Annals of Economics and Finance, 25(1), 345-385.
  91. Leung, S., & Verriest, A. (2015). The impact of competitive pressure on the quantity and quality of voluntary risk disclosures. Review of Accounting Studies, 20(2), 710-741. https://doi.org/10.1007/s11142-014-9307-9Verrecchia, R. E. (1990). Information quality and discretionary disclosure. Journal of Accounting and Economics, 12(4), 365-380. https://doi.org/10.1016/0165- 4101(90)90021-U Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. The British Accounting Review, 44(2), 98-110. https://doi.org/10.1016/j.bar.2012.03.003Allegrini, M., & Greco, G. (2013). Corporate boards, audit committees and voluntary disclosure: Evidence from Italian listed companies. Journal of Management & Governance, 17(1), 187-216. https://doi.org/10.1007/s10997-011-9168-3
  92. Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. The British Accounting Review, 44(2), 98-110. https://doi.org/10.1016/j.bar.2012.03.003Akhtaruddin, M., & Haron, H. (2010). Board ownership, audit committees' effectiveness, and corporate voluntary disclosures. Asian Review of Accounting, 18(3), 245-259. https://doi.org/10.1108/13217341011089649
  93. Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. The British Accounting Review, 44(2), 98-110. https://doi.org/10.1016/j.bar.2012.03.003
  94. Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. The British Accounting Review, 44(2), 98-110. https://doi.org/10.1016/j.bar.2012.03.005
  95. Linsley, P. M., & Shrives, P. J. (2006). Risk reporting: A study of risk disclosures in the annual reports of UK companies. The British Accounting Review, 38(4), 387-404. https://doi.org/10.1016/j.bar.2006.05.002
  96. Linsley, P. M., & Shrives, P. J. (2006). Risk reporting: A study of risk disclosures in the annual reports of UK companies. The British Accounting Review, 38(4), 387-404. https://doi.org/10.1016/j.bar.2006.05.002
  97. Linsley, P. M., & Shrives, P. J. (2006). Risk reporting: A study of risk disclosures in the annual reports of UK companies. The British Accounting Review, 38(4), 387-404. https://doi.org/10.1016/j.bar.2006.05.002
  98. Linsley, P. M., & Shrives, P. J. (2006). Risk reporting: A study of risk disclosures in the annual reports of UK companies. The British Accounting Review, 38(4), 387-404. https://doi.org/10.1016/j.bar.2006.05.002
  99. Mangena, M., & Pike, R. (2005). The effect of audit committee shareholding, financial expertise and independence on voluntary disclosure. Accounting and Business Research, 35(4), 327-349. https://doi.org/10.1080/00014788.2005.9729998
  100. Miihkinen, A. (2012). What drives quality of firm risk disclosure? The impact of a national disclosure standard and reporting incentives under IFRS. The International Journal of Accounting, 47(4), 437-468. https://doi.org/10.1016/j.intacc.2012.10.005
  101. Mironenkova, A., & Yahaya, O. A. (2024). The impact of ownership type on firm performance in an emerging market. Journal of Applied Economic Research, 23(1), 250-294.
  102. Mohammed, S. S., & Yahaya, O. A. (2024). The intersection between ESG disclosure and audit committees. Jurnal Pengurusan, 70, 1-32.
  103. Moses, A., & Yahaya, A. (2024). Do boards care about biodiversity-related information disclosure? Journal of Corporate Governance and Social Responsibility, 10(21), 112-146.
  104. Muhammad, Z., & Yahaya, O. A. (2024). The value relevance of ESG performance disclosure. Journal of Sustainability Science and Management, 19(4), 123-140.
  105. Murtala, S., & Yahaya, O. A. (2023). The effects of risk committee characteristics on bank asset quality. Asian-Pacific Journal of Mgt and Technology, 4(1), 35-51.
  106. Musa, Z., & Yahaya, O. A. (2023). Corporate governance and firm value. Budapest International Research and Critics Institute Journal (Humanities and Social Sciences), 6(4), 204-220.
  107. Namadi, A., & Yahaya, A. (2024). Is there a positive correlation between board gender diversity and financial performance in publicly traded companies in Nigeria? Accounting, Finance, and Economics Journal (ISSN: 3179-562X), 9(29), 132-164.
  108. Nasiru, M., & Yahaya, O. A. (2024). How effective is the risk committee in reducing corporate operating risk in Nigeria? Journal of Management and Research, 11(1), 26-54.
  109. Ntim, C. G., Lindop, S., & Thomas, D. A. (2013). Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre-and post-King II periods. International Review of Financial Analysis, 30, 362-383. https://doi.org/10.1016/j.irfa.2013.07.001
  110. Okodo, B. D., Aliu, M. M., & Yahaya, O. A. (2019). Assessing the reliability of the internal audit functions: The issues. Journal of Contemporary Research in Business, Economics and Finance, 1(1), 46-55.
  111. Oliveira, J., Rodrigues, L. L., & Craig, R. (2011). Risk-related disclosures by non- finance companies: Portuguese practices and disclosure characteristics. Managerial Auditing Journal, 26(9), 817-839. https://doi.org/10.1108/02686901111171466
  112. Oliveira, J., Rodrigues, L. L., & Craig, R. (2011). Voluntary risk reporting to enhance financial transparency: A study of Portuguese companies. Journal of Financial Regulation and Compliance, 19(3), 271-289. https://doi.org/10.1108/13581981111147892
  113. Omotola, K., & Yahaya, O. A. (2024). The moderating effect of institutional ownership on board attributes and tax aggressiveness. NDA Technical Papers, 2024-9(5), 1-40.
  114. Onyabe, J. M., Tijjani, B., & Yahaya, O. A. (2023). CEO and integrated reporting: Evidence from Africa listed communication services companies. Afro-Asian Journal of Finance and Accounting, 13(2), 86-99.
  115. Persons, O. S. (2009). Audit committee characteristics and earlier voluntary disclosure of earnings. International Journal of Disclosure and Governance, 6(4), 284-297. https://doi.org/10.1057/jdg.2009.11Akhtaruddin, M., and Haron, H. (2010). Board ownership, audit committees' effectiveness, and corporate voluntary disclosures. Asian Review of Accounting, 18(3), 245-259. https://doi.org/10.1108/13217341011089649
  116. Petroski, A., & Yahaya, O. A. (2024). On the independence of the board and its committees, and earnings quality. South East European University Review, 19(1), 39-78.
  117. Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependence perspective. Harper & Row.
  118. Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependence perspective. Harper & Row.
  119. Rahman, S., & Yahaya, O. A. (2024). Does it pay to be green? Applied Economics, 56(45), 5442-5469.
  120. Rajgopal, S. (1999). Early evidence on the informativeness of the SEC's market risk disclosures: The case of commodity price risk exposure of oil and gas producers. The Accounting Review, 74(3), 251-280. https://doi.org/10.2308/accr.1999.74.3.251
  121. Rojas, G. M., & Yahaya, O. A. (2024). Women on boards and corporate social responsibility disclosure. Revista de Métodos Cuantitativos para la Economía y la Empresa (Journal of Quantitative Methods for Economics and Business Administration), 37, 29-69.
  122. Salihu, A., & Yahaya, O. A. (2024). Family ownership with asymmetric sustainability disclosure. Business Research Quarterly, 346-375.
  123. Salisu, Y., & Yahaya, O. A. (2024). The influence of female CEO on company leverage. Journal of Economics and Business, 34, 81-107.
  124. Samaha, K., Khlif, H., & Hussainey, K. (2015). The disclosure of financial risks and audit committee size: Evidence from Egypt. Journal of Applied Accounting Research, 16(2), 234-258. https://doi.org/10.1108/JAAR-02-2013-0013
  125. Samaha, K., Khlif, H., & Hussainey, K. (2015). The impact of board and audit committee characteristics on voluntary disclosure: A meta-analysis. Journal of International Accounting, Auditing and Taxation, 24, 13-28. https://doi.org/10.1016/j.intaccaudtax.2014.11.001
  126. Samaila, N., Suleiman, R., & Yahaya, O. A. (2023). Corporate boards and leverage decisions. Accounting Forum, 47(2), 307-326
  127. Samuel, F., & Yahaya, O. A. (2024). Modelling and predicting corporate governance determinants of capital structure. Dynamic Management Journal, 8(2), 496-522.
  128. Shittu, A., & Yahaya, O. A. (2024). The effect of institutional ownership on sustainability disclosure in emerging markets, Nigeria in perspective. The Financial Economist: Accounting, Auditing, and Finance, 9(19), 74-109.
  129. Shokomi, L., & Yahaya, O. A. (2024). Sustainability committee and firm value. NDA Open Access Articles, 2024-9(3), 1-38.
  130. Shuaibu, K., Abdulwahab, A. I., & Yahaya, O. A. (2023). Corporate governance and dividend policy. Economics and Business Quarterly, 6(3), 125-141.
  131. Solomon, J., Solomon, A., Norton, S. D., & Joseph, N. L. (2000). A conceptual framework for corporate risk disclosure emerging from the agenda for corporate governance reform. The British Accounting Review, 32(4), 447-478. https://doi.org/10.1006/bare.2000.0145
  132. Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355-374. https://doi.org/10.2307/1882010
  133. Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571-610. https://doi.org/10.5465/amr.1995.9508080331
  134. Sulaiman, L., Abdulwahab, A. I., & Yahaya, O. A. (2023). Board of directors and auditor choice. South Asian Journal of Finance, 3(1), 38-59.
  135. Suleiman, T., Ladan, M., & Yahaya, O. A. (2024). Do the sustainability committees matter in corporate financial performance? Journal of Applied Economics and Business Studies, 8(2), 23-64.
  136. Suleiman, U., Popoola, A., & Yahaya, O. A. (2022). Equity financing and financial performance of listed deposit money banks in Nigeria. International Journal of Research in Innovation and Social Science, 6(12), 618-624.
  137. Sumaila, D., & Yahaya, O. A. (2024). Could women directors reduce high leverage? Journal of Sustainable Business and Economics and Finance, 3(2), 17- 42. Tijjani, B., & Yahaya, O. A. (2022). Does corporate governance improve energy information disclosure among Nigeria listed manufacturing firms? Journal of Advanced Research in Business and Management Studies, 26(3), 15-26.
  138. Tijjani, B., & Yahaya, O. A. (2023). A bibliometric analysis of corporate ownership demographics and sustainability reporting quality in Nigeria. International Journal of Managerial and Financial Accounting, 15(3), 393-410.
  139. Tijjani, B., & Yahaya, O. A. (2023). The impact of CEO female gender diversity and nationality on Internal Control System Disclosure: Empirical Evidence from Nigeria. Int Research Journal of Management, IT and Social Sciences, 10(2), 50- 61. Tijjani, B., & Yahaya, O. A. (2024). CEO characteristics and corporate risk taking. International Journal of Corporate Governance, 14(1), 94-116.
  140. Tijjani, B., Onyabe, J. M., & Yahaya, A. (2024). Women on the board and stock market performance, evidence from the Nigerian listed firms. Journal of Accounting and Finance Education 10(29), 582-603.
  141. Tomasz, A., & Yahaya, O. A. (2024). The monitoring role of the CEO in enhancing audit quality. Journal of Management and Financial Sciences, 17(50), 120-150.
  142. Umar, M. M., & Yahaya, O. A. (2023). Board of directors and bankruptcy risk using GMM approach. Applied Finance and Accounting, 9(1), 242-256.
  143. Usman, A., & Yahaya, A. (2024). Executive compensation and ESG performance. International Journal of Sustainable Economics, 10(26), 89-122.
  144. Usman, M., & Yahaya, O. A. (2023). Board Committees' Independence and Intellectual Capital Efficiency in Corporate Nigeria. The Journal of Bus., 8(1), 36- 47. Usman, M., & Yahaya, O. A. (2023). Do corporate governance mechanisms improve earnings? China Journal of Accounting Research, 16, 1-13.
  145. Usman, M., & Yahaya, O. A. (2023). The dynamics between a CEO and risk disclosure in Nigeria. Accounting and Auditing Review, 30(1), 1-13.
  146. Usman, M., & Yahaya, O. A. (2024). Using binary regression analysis model to diagnose the effect of female directors on audit quality. Reviews of Management Sciences, 6(1), 70-89.
  147. Usman, S. O., & Yahaya, O. A. (2023). Corporate governance and credit ratings in Nigeria. Int Journal of Economics, Management and Finance, 2(1), 62-71.
  148. Usman, S. O., & Yahaya, O. A. (2023). Effect of board characteristics on firm value in Nigeria. Journal of Economics and Finance, 47(1), 44-60.
  149. Usman, S. O., & Yahaya, O. A. (2023). The CEO power and sustainability reporting of listed firms in Nigeria. J. of Business Mgt. and Accounting, 13(7), 106-125.
  150. Vafeas, N. (2005). Audit committees, boards, and the quality of reported earnings. Contemporary Accounting Research, 22(4), 1093-1122. https://doi.org/10.1506/1QYN-2RFQ-FKYX-XP84
  151. Verrecchia, R. E. (1983). Discretionary disclosure. Journal of Accounting and Economics, 5, 179-194. https://doi.org/10.1016/0165-4101(83)90011-3
  152. Verrecchia, R. E. (1990). Information quality and discretionary disclosure. Journal of Accounting and Economics, 12(4), 365-380. https://doi.org/10.1016/0165-4101(90)90021-U Xie, B., Davidson III, W. N., & DaDalt, P. J. (2003). Earnings management and corporate governance: The role of the board and the audit committee. Journal of Corporate Finance, 9(3), 295-316. https://doi.org/10.1016/S0929- 1199(02)00006-8
  153. Yahaya, A. (2024). Could financial reporting quality be enhanced by frequent board meetings? Journal of Sustainable Finance and Investment Education, 12(2), 1-36. DOI: https://dx.doi.org/10.20430/jsfie.v12i2
  154. Yahaya, A. (2024). The impact of risk management committee on firm risk, with risk management practices as a mediator. Journal of Corporate Finance Education, 11(13), 121-172.
  155. Yahaya, O. A. (2006). Empirical evidence on the effect of size on the profitability of commercial banks in Nigeria. Journal of Social Studies, 11(4), 33-39.
  156. Yahaya, O. A. (2014). Social disclosure and financial performance: Evidence from Nigeria listed firms. Nigerian Journal of Accounting Research, 10(2), 47-66.
  157. Yahaya, O. A. (2017). Firm performance and dividend policy: A panel data analysis of listed consumer-goods companies in Nigeria. Nigerian Journal of Management Technology and Development, 8(1), 306-322.
  158. Yahaya, O. A. (2018). Environmental reporting practices and financial performance of listed environmentally-sensitive firms in Nigeria. Savanna: A Journal of the Environmental and Social Sciences, 24(2), 403-412.
  159. Yahaya, O. A. (2019). Intellectual capital management and financial competitiveness of listed oil and gas firms in Nigeria. Enugu State University of Yahaya, O. A. (2025). Leveraging board independence for CSR. Journal of Management and Business, 18(6), 1-26.
  160. Yahaya, O. A. (2025). Ownership structure and tax avoidance Journal of Emerging Markets, 23(4), 1-19.
  161. Yahaya, O. A. (2025). Remapping the connections between board independence and financial performance. Financial Markets and Institutions Review, 13(1), 227-263. https://doi.org/10.29664/fmir.v11ix.227.
  162. Yahaya, O. A. (2025). Sustainability reporting quality in the face of the board of directors. Journal of Sustainability Accounting and Management Education, 11(1), 59-92. https://doi.org/10.20408/jsame.v11i1.59
  163. Yahaya, O. A. (2025). The impact of board power on audit quality in Nigeria. Journal of Organizations and Markets. 29(4), 247-276.
  164. Yahaya, O. A. (2025). The influence of environmental disclosure on corporate information asymmetry. Accounting Review, 51(1), 217-239. DOI: https://doi.org/10.24121/ar.v51i1.217
  165. Yahaya, O. A. (2025). The nexus between CEO incentives and earnings management. International Business Review, 18(6), 485-515.
  166. Yahaya, O. A. (2025). The relationship between board power and corporate diversification in the Nigerian Capital Market. Journal of Accounting, Auditing, and Assurance, 20(4), 174-197. DOI: https://10.12210/jaaa.v20i4.174.
  167. Yahaya, O. A. (2025). The role of institutional investors in the nexus between corporate sustainability disclosure and firm performance. Journal of Finance and Applied Economics, 15(9). 31-66.
  168. Yahaya, O. A. (2025). Women directors and earnings volatility. Journal of Management and Bu8siness, 18(6), 1-44.
  169. Yahaya, O. A., & Alexander, A. A. (2015). Business process management and financial performance: An exploratory study of listed deposit money banks in Nigeria. Accounting Frontier, 17(1), 43-75.
  170. Yahaya, O. A., & Alkasim A. (2021). Sustainability and profitability of listed insurance firms in Nigeria. International Journal of Innovative Research in Accounting and Finance, 6(1), 17-28.
  171. Yahaya, O. A., & Andow, H. A. (2015). Capital structure and firm's financial performance: Panel evidence of listed conglomerate firms in Nigeria. Kaduna Business Management Review, 2(1), 1-25.
  172. Yahaya, O. A., & Apochi, J. (2021). Board of directors and corporate social responsibility reporting of quoted companies in Nigeria. Journal of Accounting, Finance and Auditing Studies, 7(2), 38-52.
  173. Yahaya, O. A., & Apochi, J. G. (2022). The board of directors' influence on the intellectual capital of Nigeria listed firms. Journal of Accounting, Auditing and Finance, 37(2), 1-17.
  174. Yahaya, O. A., & Awen, B. I. (2020). Bank-specific attributes and operational efficiency: Evidence from Efficient-Structure Hypothesis. Journal of Business and Social Review in Emerging Economies, 6(3), 1087-1098.
  175. Yahaya, O. A., & Awen, B. I. (2021). Chief executive officers and bankruptcy of quoted resources companies in Nigeria. Fountain Journal of Mgt Sciences, 10(2), 970-980.
  176. Yahaya, O. A., & Awen, B. I. (2022). Does ownership structure lead to optimal financial structure? Seisense Journal of Management, 5(4), 51-64.
  177. Yahaya, O. A., & Lamidi, Y. S. (2015). Empirical examination of the financial performance of Islamic bank in Nigeria. International Journal of Accounting Research, 2(7), 1-13.
  178. Yahaya, O. A., & Lamido, I. A. (2022). Corporate social responsibility and financial performance. Evidence from Nigeria. International Journal of Accounting and Finance Review, 10(1), 107-120.
  179. Yahaya, O. A., & Mohammed, S. G. (2022). Does board of directors improve profitability? Accounting, 8, 269-275.
  180. Yahaya, O. A., & Ogwiji, J. (2021). Risk committee traits and profitability of Nigerian banking sector. Accounting, Finance & Management: Texts and Applications, 01-14.
  181. Yahaya, O. A., & Onyabe, J, M. (2020). Firm life cycle and financial performance: Evidence from Nigeria. Journal of Accounting and Finance in Emerging Economies, 6(3), 723-732.
  182. Yahaya, O. A., & Onyabe, J. M. (2022). Audit committee and integrated reporting. European Research Studies Journal, 25(4), 305-318.
  183. Yahaya, O. A., & Onyabe, J. M. (2022). Do audit fees and auditor independence affect audit quality? Asian Journal of Finance and Accounting, 14(1), 66-80.
  184. Yahaya, O. A., & Onyabe, J. M. (2022). The nexus between audit committee and audit fees. Journal of International Business Studies, 53(6), 966-984.
  185. Yahaya, O. A., & Tijani, B. (2020). Internal corporate governance and intellectual capital of listed oil and gas firms in Nigeria. European J. of Accounting, Auditing and Finance Research, 8(9), 98-112.
  186. Yahaya, O. A., & Tijjani, B. (2021). Size, age and leverage of Nigeria quoted oil and gas corporations. Advanced International Journal of Banking, Accounting and Finance, 3(6), 51-60.
  187. Yahaya, O. A., & Yakubu, I. (2022). Risk committee's influence on enterprise risk management. Journal of Risk and Financial Management, 15(4): 120, 1-15.
  188. Yahaya, O. A., & Yusuf, M. J. (2020). Ethical behavioural disclosure and financial performance of listed industrial goods firms in Nigeria. Sustainable Business and Society in Emerging Economies, 2(2), 13-20.
  189. Yahaya, O. A., Kutigi, U. M., & Ahmed, M. (2014). Country-specific characteristics as determinants of financial performance: Evidence from listed deposit money banks in Nigeria. Journal of Accounting, 3(2), 77-101.
  190. Yahaya, O. A., Kutigi, U. M., & Ahmed, M. (2015). International financial reporting standards and earnings management behavior of listed deposit money banks in Nigeria. European Journal of Business Management, 7(18), 70- 82. Yahaya, O. A., Kutigi, U. M., Solanke, A. A., Onyabe, J. M. & Usman, S. O. (2015). Current assets management and financial performance: Evidence from listed deposit money banks in Nigeria. Int Journal of African and Asian Studies, 13, 45- 56. Yahaya, O. A., Lamidi, Y. S., Kutigi, U. M., & Ahmed, M. (2015). The correlation between risk management and organizational performance: an empirical investigation using panel data. Res J. of Finance and Accounting, 6(16), 136-146.
  191. Yahaya, O. A., Mohammed, I., & Mohammed, S. G. (2022). Board governance and sustainability disclosure of Nigeria Listed Deposit Money Banks. European Journal of Accounting, Auditing and Finance Research, 10(5), 126-146.
  192. Yahaya, O. A., Onyabe, J. M., & Usman, S. O. (2015). Determinants of productivity of listed deposit money banks: An empirical estimation using panel data. Journal of Accounting, 4(1), 79-93.
  193. Yahaya, O. A., Onyabe, J. M., & Usman, S. O. (2015). International financial reporting standards and value relevance of accounting information of listed deposit money banks in Nigeria. Journal of Economics and Sustainable Dev., 6(12), 85-93.
  194. Yahaya, O. A., Onyabe, J. M., Yusuf, M. J., & Bilyaminu, T. (2019). Financial mix and financial performance of listed consumer goods firms in Nigeria. Journal of Accounting and Management, 2(1), 226-237.
  195. Yahaya, O. A., Tanko, M., & Muhammad, L. M. (2017). Effects of corporate characteristics on earnings quality of listed deposit money banks in Nigeria. Journal of Management Sciences, 8(1), 47-64.
  196. Yahaya, O. A., Yusuf, M. J., & Dania, I. S. (2015). International financial reporting standards' adoption and financial statement effects: Evidence from listed deposit money banks in Nigeria. Research J. of Finance and Accounting, 6(12), 107-122.
  197. Yakubu, J., & Yahaya, O. A. (2024). Do board meetings and remuneration influence environmental disclosure? Asian Review of Financial Research, 37(2), 150-191.
  198. Yakubu, S., & Yahaya, O. A. (2023). Auditors' characteristics and variability in integrated reporting gravity. International Journal of Accounting, Finance and Business, 8(50), 234-255.
  199. Yusuf, M. J., & Yahaya, O. A. (2023). CEO attributes and financial performance of listed firms in Nigeria. International Journal of Economics, Finance and Management Sciences, 11(2), 112-124.
  200. Zubairu, R., & Yahaya, O. A. (2024). The influence of audit quality on financial reporting quality, mediated by audit committee effectiveness in Nigerian listed companies. European Management Review, 21(1), 1-22.
  201. Zumbiali, V., & Yahaya, O. A. (2024). Do foreign and institutional ownerships enhance the quality of financial reports? NDA Working Paper Series Number 2024-8/26, 1-33.

Related papers

“A Study of Corporate Governance Disclosure and its Country-Level Determinants in the Emerging Markets”, Research in Accounting in Emerging Economies, vol. 8, pp. 125-156. Emerald. [ABS rank 1*] [ABDC rank C]
Daniel Zéghal, Hakim Othman

2008

Purpose -This study examines country-level attributes that impact on Corporate Governance Disclosure (CGD) depending on the emerging market country's legal system.

View PDFchevron_right
The role of corporate governance in increasing risk reporting: A comparative study of emerging markets companies
Lailah Fujianti

Corporate and Business Strategy Review

The purpose of this study is to explore the level of presentation of risk information reports called risk reporting (RR) in the annual reports of Indonesian and Malaysian non-financial companies. In addition, this study aims to empirically examine the role of corporate governance (CG) in presenting RR and compare its role in the two countries. The method used in this study is content analysis with 113 samples of Indonesian companies and 70 Malaysian companies. The results showed that the board of directors (BD) of Indonesian companies represented by the board of commissioners and independent commissioners and the boards of Malaysian companies represented by the board of directors and independent directors had the same role, in line with the research of Yubiharto and Rudianti (2021), and Yermack (1996). However, in Indonesia, it plays a role in increasing the number of RRs, while in Malaysia, it is the opposite. The results of this research are also preliminary evidence that there is...

View PDFchevron_right
Financial Risk Disclosure and Corporate Governance
Putri Agustin

2021

Risk disclosure, especially financial risk disclosure, is useful for providing information to stakeholders about how the risk arises, as well as how management handles risk and the impact of such risks. Risk disclosure is also used to reduce agency conflict and asymmetry information problems. This research aims to examine and analyze the effects of corporate governance on financial risk disclosure in banking companies listed in the Indonesian Stock Exchange. The final sample of this study was 20 banks listed on the Indonesian Stock Exchange in 2015-2017. The result shows that both the number of commissioners' board and the number of audit committee meetings have a significant positive effect on the extent of financial risk disclosure. Our findings indicate that the existence of the commissioners' board is important as part of the internal control function of financial risk that will be disclosed by the company. The results of this study were also able to prove that the supervisory activities by the audit committee in the form of an audit committee board meeting affect financial risk disclosure. Overall, our study provides additional evidence that corporate governance mechanisms affect the broad disclosure of a company's financial risk.

View PDFchevron_right
Measuring transparency and disclosure at firm-level in emerging markets
Sandeep Patel

Emerging Markets Review, 2002

Transparency and disclosure are integral to corporate governance. In this paper, we use a new dataset to analyze Transparency & Disclosure scores (T&D score) in 19 emerging markets for 354 firms representing 70% of S&PyIFCI Index market capitalization over the 3 years ending in 2000. We analyze differences across countries, economic sectors and trend over the 3 years. We find that the Asian emerging markets and South Africa have significantly higher transparency and disclosure compared to the Latin American, Eastern European, and Middle Eastern emerging markets. The gap between the Asian emerging markets and South Africa over other emerging markets has increased over the last 3 years. We do not find any significant differences in T&D scores among economic sectors. Changes in the T&D scores over the last 3 years, however, differ by economic sectors for the 6 markets with the largest investable market capitalization andyor number of observations, viz. Brazil, Poland, South Africa, India, Thailand, and Korea. We then study the relationships between T&D scores and cross-holdings for the 6 emerging markets. For the 6 markets except Korea, correlation between cross-holdings and T&D scores is negative. For the 6 markets except South Africa, correlation between price-to-book ratios and T&D scores is positive. We conclude with a discussion on further research.

View PDFchevron_right
Testing the Requirements Availability for Disclosure and Transparency in Financial Reporting for Corporate Governance in Emerging Market Economies: The Case of Iraqi Listed Firms
Majeed A B D U L H U S S E I N H A T I F AlMaryani

This study aimed to test the disclosure and transparency within the international principles of corporate governance and its accounting reflections in the financial reporting of firms in an emerging market economy. We have tried to test this topic in the environment of Iraqi firms through the study and analysis of published financial reports and the availability of material information to the principle of disclosure and transparency, in addition to indicate the effect of firms type of activities and size on the availability of this information. By using financial reports for 34 listed firms for the periods from 2008 - 2011, and have constructed an index consisting of 20 components to measure the level of disclosure and transparency in financial reports for these firms. These components are distributed on 3 main parts, which are: information about the firm, information about board of directors and executives, financial and accounting information. The results reveal that the availability of material requirements of disclosure and transparency in financial reporting of Iraqi listed firms is low, and also there was a significant impact of the firm’s types of activities on the availability of material requirements of disclosure and transparency.

View PDFchevron_right

Related topics

  • Audit committee
    • 580 California St., Suite 400
    San Francisco, CA, 94104
    © 2025 Academia. All rights reserved