Corporate Governance and Financial Reporting Quality in Nigeria: Evidence from Pre- and Post-Code 2011
Nuraddeen Usman Miko1, Hasnah Kamardin2

1Nuraddeen Usman Miko, Business Education Department, Federal College of Education, Zaria-Nigeria.
2Hasnah Kamardin, School of Accountancy, University Utara Malaysia, Malaysia
Manuscript received on December 12, 2015. | Revised Manuscript received on December 19, 2015. | Manuscript published on December 25, 2015. | PP: 1-7 | Volume-4 Issue-2, December 2015. | Retrieval Number: B1048124215
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Abstract: Corporate failure has been the issue of discussion in the business environment for a long time Corporate laws, policies and guidelines have been introduced several times to complement or abolish another in some cases. In the case of Nigeria, SEC corporate governance code was introduced in 2003 and replaced with another in 2011. This study aims at finding out the effect of corporate governance code 2011in the pre- (2009-2010) and post- (2012-2013) periods based on 20 of listed Nigerian consumer goods industry as sample. The study concludes that corporate governance mechanism encouraged earnings management in the pre- period while significantly reduced earnings management in the post- period. The study recommends periodic review of corporate governance code for more efficiency of the code.
Keywords: Corporate governance, board diversity, earnings management, pre- and post- code 2011, Nigeria