Author(s): Muideen Adeseye Awodiran, Abiodun Thomas Ogundele
This study investigated the determinants of financial reporting quality among listed industrial goods firms in Nigeria. All the 14 industrial goods firms listed on the Nigerian stock exchange from 2010 to 2019 were included in the study. This study used the descriptive and inferential statistical methods to analysed the data collected through content analysis of the annual report and accounts of the sampled firms. The result of the panel least square regression revealed that firm size and asset tangibility have positive significant effect on financial reporting quality. Profitability and financial distress have negative influence on the quality of financial reporting while firm growth has no statistically significant effect on financial reporting quality. The result of the influence of financial distress suggests that the quality of financial reporting decreases with distress. The study recommended, amongst others, that special attention be paid to the quality of financial information provided by companies that are experiencing financial distress.