• Adeolu Abata MATTHEW
  • Omoregbee GODWIN
  • Sulaiman Adeyemi BABATUNDE
Keywords: CEOs attributes, Earnings Management, CEOs Gender diversity, CEOs Owne


In the everchanging terrane in the global financial markets, understanding the nexus between
Chief Executive officers [CEO] demographic attributes and earnings management is germane.
This article seeks to investigate the relationship between CEO demographic attributes, Board
Independence and earnings management amongst deposit money banks quoted on the Nigerian
stock exchange by utilizing a time period from 2012 to 2022.Ex-post facto research design was
adopted and the study’s scope consists of all the 26-deposit money banks, of which a sample of
10 banks were purposively selected. The dependent variable Earnings management was
quantified using the Yoon, Kim and Woodruff score, while the predictors CEOs attributes and
Board Independence were proxied by CEOs gender, CEOs ownership and Board Independence
respectively. The findings of the study indicate that CEO’s gender diversity and board
independence have a negative and statistically insignificant effect on EMG [β=-0.001525,
p=0.3031&β=-0. 002795.p=0.0582], while CEO’s ownership has a positive and statistically
significant effect on EMG [β=0.041617, p=0.0011] of sampled deposit money banks. The study
recommends amongst others that regulators should encourage companies to consider
regulations that support more female appointments as CEOs. Further, the need to regulate the
shareholdings of CEOs is pertinent to avoid incongruent behaviors aimed at value destroying
earnings manipulations.


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