Institutional Shareholding and Audit Quality Reporting of Listed Oil and Gas Companies in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.1(1)2021.003Keywords:
Institutional Shareholding and Audit QualityAbstract
This study examined the effect institutional shareholding as important variables of corporate governance and audit quality of listed oil and gas companies in Nigeria. The study adopted the ex-post facto research design. Secondary data were extracted from the annual reports of 10 oil and gas companies for the period between 2010 and 2019. Institutional shareholding is measured using the proportion of institutional shareholding to non-institutional shareholding on the board while the audit quality measured using Firm Size. The result of the analysis using logistic regression revealed that institutional shareholding is positively and significantly related to audit quality of financial reports of listed oil and gas companies in Nigeria. Based on this assertion and findings from this study, it is recommended that larger institutional shareholding should be on the boards of oil and gas companies in Nigeria as this will improve the audit quality of their financial reports.
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