BOARD CHARACTERISTICS AND FINANCIAL REPORTING LAG OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

This study aims to examine the effect of board characteristics on financial reporting lag of listed industrial goods firms in Nigeria. Expo facto research design and logistic regression method was used in this study, whereas the population and sample of the study consists of 13 listed industrial good firms on the Nigerian Exchange Group Plc or Nigerian Exchange Limited for the period of twelve (12) years from 2011 to 2022. The findings of the study therefore, shows that board independence (BIND) is significantly negative on financial reporting lag. However, board size (BS), board meetings (BM) and audit committee financial expertise (ACFE) have significantly positive impact on financial reporting lag while gender diversity (GD) has negative and insignificant impact on financial reporting lag of listed industrial good firms in Nigeria. Therefore, it is recommended that the management of listed industrial good firms in Nigeria should maintain an increase number of non-executive directors and level of board independence, board size, board meetings and audit committee financial expertise. This will result in an increase in the financial reporting timeliness of listed industrial goods firms in Nigeria.