Quality in the Nigerian Banking Sector

This study empirically examined the determinants of financial reporting quality of listeddeposit money banks in Nigeria. The study employs secondary sources of data fromthe financial statements for the period of six years (2015– 2020). Random Ef ects Regression techniqueof data analysis was used in the analysis of data. The study found a significant positive relationship between firm size, firm liquidity, boardsizeand board diversity and financial reporting quality, while an insignificant relationship was foundbetween firm leverage during the period under review. In view of the foregoing empirical findings, it is recommended that: despite the structural andadministrative complexities that are associated with larger companies, managers shoulddeploya means of reporting quality financial statement in order to boost the investors’ confidence intheorganization; managers of deposit money banks in Nigeria should strive for improved liquiditylevel if they are to enjoy quality financial reporting; banks should maintain adequateandef ective corporate governance practices (board size and board diversity); and in relationtofirmleverage, banks should ensure an optimum leverage level is maintained as suchwouldcontinuously minimise the adverse ef ect of leverage on financial reporting quality