OWNERSHIP STRUCTURE AND INFORMATIVENESS OF ACCOUNTING EARNINGS OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
Abstract
ABSTRACT
This study evaluates the effect of ownership structure on informativeness of accounting earnings of listed Deposit Money Banks (DMB’s) in Nigeria. The specific objectives of this study is to examine the effect of managerial ownership, institutional ownership and ownership concentration on the informativeness of accounting earnings of deposit money banks in Nigeria. The ex-post facto research design was adopted in this study. A total of thirteen (13) deposit money banks in Nigeria constituted the population of the study. The proposed sample size of the study covers ten (10) Deposit Money Banks in Nigeria. This study covered a period of five (5) years from (2020-2024). This study employed panel data regression technique to determine whether there is a significant effect ownership structure on the informativeness of accounting earnings of listed deposit money banks in Nigeria. Eviews 10 was used to analyse this data. The result from the panel regression analysis shows that: Managerial Ownership has a significant positive effect on the informativeness of accounting earnings of listed DMBs in Nigeria. Institutional Ownership has no significant negative influence on the informativeness of accounting earnings of listed DMBs in Nigeria.Ownership Concentration has no significant negative effect on the informativeness of accounting earnings of listed DMBs in Nigeria. The study recommends among others that Deposit money banks should be encouraged to maintain high number of managerial ownership as indeed powerful and most reliable ownership structure in managing the managerial tendencies for opportunistic behaviour.
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