Investigate the Effect of Ownership Diversity on Earnings Management of Listed Non-Financial Firms in Nigeria
Ifeoma C. Nwakoby *
Department of Banking and Finance, University of Nigeria, Enugu Campus, Nigeria.
Ogochukwu Okanya
Department of Banking and Finance, Institute of Management and Technology, Enugu State, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
The research work aims to investigate the effect of ownership diversity on earnings management of listed non-financial firms in Nigeria. Several reviewed works was revealed in the study of this work, specifically on earnings management and ownership diversity. The research founds that no literature has studied the effect of ownership diversity and earnings management of the listed non-financial firms in Nigeria. This research makes use of secondary data as its main source of data collection. The method of data analysis applied is Hausman effect test and panel data regression. The result shows that ownership diversity has positive and significant effect on earnings management of non-financial firms in Nigeria which was statistically significant at 1% level of significance.
Keywords: Earnings management, ownership diversity, non-financial firms, significance, corporate governance and banking