Ownership Structure and Goodwill Impairment in Listed Nigeria Financial Institutions

Author:

Sambo Halimah S.1ORCID,Chinyere Iluno Ezinne2,Ringim Kabiru Jinjiri1ORCID,Zahra Fatimah1ORCID

Affiliation:

1. Ahmadu Bello University Zaria, Nigeria

2. Nigerian Defence Academy, Kaduna, Nigeria

Abstract

The broad objective of this study is to examine the effect of ownership structure on goodwill impairment in listed financial institutions in Nigeria. Ownership structure is proxies using director’s shareholdings, ownership concentration, institutional ownership and chief executive officers shareholdings. The study used a purposive sampling technique and filter out financial institutions that do not satisfy the criteria set out for inclusion thereby arriving at the sample size of twenty five (25) financial institutions. Secondary source of data was used which was extracted from the annual financial statement of the sampled financial institutions from year 2011 to 2014. Logit multiple regression was adopted in this study. The findings reveal that ownership concentration and institutional ownership were both positive and statistically significantly related to goodwill impairment while chief executive officers shareholdings were positive but statistically insignificant to goodwill impairment decisions of listed financial institutions in Nigeria. It can be inferred to some extent that ownership structure and chief executive officers may not necessarily influence the goodwill impairment decision of managements in listed financial institution in Nigeria It is recommended among others that listed financial institutions should give more attention to their ownership concentration and institutional shareholdings in other to ensure the timely recognition of goodwill impairment so as to present their financial statement in its true and fair nature so that investor’s interest will be protected.

Publisher

Sumy State University

Subject

General Earth and Planetary Sciences,General Environmental Science

Reference27 articles.

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3