BOARD CHARACTERISTICS AND RELATED PARTY DISCLOSURES OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
Umar, Ibrahim Ohinoyi
Volume 11 Issue 1
Abstract
This study examines the effect of board characteristics and firm size on related party disclosures (RPDs) among non-financial firms listed on the Nigerian Exchange Group (NGX) for the period of 2013 to 2023. Using a longitudinal research design and panel dynamic regression analysis, the study investigates how factors such as board expertise, board independence, board gender diversity, and firm size influence the transparency of related party transactions. The findings reveal that board expertise, gender diversity, and firm size have a significant positive effect on the quality and extent of related party disclosures, while board independence did not show a significant impact. Based on these findings, the study recommends enhancing board expertise, promoting gender diversity, and strengthening the effectiveness of independent directors to improve corporate governance and transparency in related party disclosures. Keywords: Corporate Governance, Board Expertise, Board Independence, Board Gender Diversity, Firm Size, Related Party Disclosures, Nigeria.
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