Financial Reporting Quality and Market Performance of Listed Deposit Money Banks (DMB) in Nigeria (2008-2017)

Main Article Content

Owolabi Sunday
Okere Wisdom
Adeleke Ademola

Abstract

This research studied the association amid financial reporting quality and market performance (TOBINQ) of quoted deposit money banks in Nigeria. Using panel methodology in addition to other econometric tests (descriptive statistics test, correlation analysis, and Hausman test), this study discovered a significant relationship amid financial reporting quality (earnings predictability, timeliness) and market performance (TOBINQ) in listed deposit money banks in Nigeria. Also, timeliness (TML) has a negative and insignificant relationship with market performance (TOBINQ) of quoted deposit money banks in Nigeria. Furthermore, earnings predictability has a negative and significant relationship with performance (TOBINQ) of listed deposit money banks in Nigeria. This study recommended that management of deposit money banks ought to guarantee that they implement best practices in the process of financial reporting.

Keywords:
Financial reporting, profitability, TOBINQ, agency theory, performance

Article Details

How to Cite
Sunday, O., Wisdom, O., & Ademola, A. (2020). Financial Reporting Quality and Market Performance of Listed Deposit Money Banks (DMB) in Nigeria (2008-2017). Journal of Economics, Management and Trade, 26(5), 1-10. https://doi.org/10.9734/jemt/2020/v26i530251
Section
Original Research Article

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