This paper mainly discusses the relationship between the audit committee of IPO firms and the stock returns on the first day of trading on the stock exchange.Using the sample of 21 firms that made an initial public of...This paper mainly discusses the relationship between the audit committee of IPO firms and the stock returns on the first day of trading on the stock exchange.Using the sample of 21 firms that made an initial public offering in ASX between 2008 and 2010,Regression analysis was used to conclude that the existence of the audit committee of IPO firms and listed on the first day of the stock returns have no significant direct relationships.The result shows that the audit committee has no effect on the earnings of the first day of listing,and the establishment of the audit committee may not be considered before listing.展开更多
This study ascertained the effect of corporate governance compositions on timeliness of financial reporting in deposit money banks in Nigeria.Ex Post Facto research design was employed for this study.Purposive samplin...This study ascertained the effect of corporate governance compositions on timeliness of financial reporting in deposit money banks in Nigeria.Ex Post Facto research design was employed for this study.Purposive sampling was used to select eight(8)deposit money banks in Nigeria with international authorization.Data were extracted from annual reports and accounts of the sampled banks and analyzed with regression analysis.The results show that board size has a positive and significant effect on financial reporting timeliness deposit money banks in Nigeria,while audit committee independence has a positive but insignificant effect on financial reporting timeliness of deposit money banks in Nigeria.Therefore,on the basis of the findings and conclusions of the study,the study recommends among other things that the number of banks board of directors should play a vital role in how well it can oversee daily operations of the institution and monitor management.展开更多
文摘This paper mainly discusses the relationship between the audit committee of IPO firms and the stock returns on the first day of trading on the stock exchange.Using the sample of 21 firms that made an initial public offering in ASX between 2008 and 2010,Regression analysis was used to conclude that the existence of the audit committee of IPO firms and listed on the first day of the stock returns have no significant direct relationships.The result shows that the audit committee has no effect on the earnings of the first day of listing,and the establishment of the audit committee may not be considered before listing.
文摘This study ascertained the effect of corporate governance compositions on timeliness of financial reporting in deposit money banks in Nigeria.Ex Post Facto research design was employed for this study.Purposive sampling was used to select eight(8)deposit money banks in Nigeria with international authorization.Data were extracted from annual reports and accounts of the sampled banks and analyzed with regression analysis.The results show that board size has a positive and significant effect on financial reporting timeliness deposit money banks in Nigeria,while audit committee independence has a positive but insignificant effect on financial reporting timeliness of deposit money banks in Nigeria.Therefore,on the basis of the findings and conclusions of the study,the study recommends among other things that the number of banks board of directors should play a vital role in how well it can oversee daily operations of the institution and monitor management.
