Corporate Attributes and Timeliness of Financial Reporting in Nigeria

Abstract

This study examined the effect of corporate attributes on timeliness of financial reporting of quoted firms in Nigeria. The objective was to investigate the relationship between corporate attributes and timeliness of financial reporting. Cross sectional data was sourced from financial statement of quoted firms. Number of days was modelled as a function of total assets, age, profitability and number of employees. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. The result found that profitability and age have positive relationship with timeliness of financial report on financial reports of the selected firms. The panel unit root proved that the variables are stationary at first difference while the causality test found one unidirectional relationship total assets to timeliness of financial reporting. From the regression summary, the study concludes that corporate attributes have significant relationship with timeliness of financial reports. We recommend that corporate attributes that affect negatively timeliness of financial reporting should be discouraged or properly managed and factors that enhance timeliness of financial reporting should be encouraged