REPORTING LAG PHYSIOGNOMIES AND NIGERIA LISTED FIRMS’ VALUE
Authors:
Oti, Favour Amara (CMC, ACA) & Jesuwunmi, Caleb Daniel A. (PhD.)
Abstract:
Purpose: The study evaluates the effect of reporting lag physiognomies on Nigeria listed agricultural sector firms’ value
Design: 50 pooled balanced panel data observations (i.e. cross-section of five listed firms and 10 years’ time series data) collected from audited annual accounts and reports of listed Nigeria agricultural firms between 2008 and 2017, that is, the study covered ten years. The data collected aligned with regression analysis data assumptions. Ex-post-facto (causal-comparative) research design was adopted and the data collected were analysed using descriptive statistics and multiple regression analysis via E-view 8.
Findings: The study finds that auditors’ directors’ and corporate reporting lag have a positive significant effect on firm value.
Originality: The study points out that reporting lag physiognomies can be classified into three components and serves as a potent tool to enhance Nigeria agricultural firms’ value which can be computed from divergent models.