Vol. 11 No. 4 (2021): Vol 11, Iss 4, Year 2021

Manipulation of accounting figures and financial performance of listed nigerian firms

Sunny Oteteya Temile
Department of Accounting, Banking and Finance, Asaba Campus, Nigeria
Dubem Victor Enaruna
Nigeria Maritime University Delta State University.
Dadang Prasetyo Jatmiko
Auditor at Badan Standardisasi Nasional
Biatna Dulbert Tampubolon
Researcher at Badan Standardisasi Nasional
Published December 31, 2021
  • Accounting Figures Manipulation, Financial performance, Earnings Management, Return on Assets.
How to Cite
Sunny Oteteya Temile, Dubem Victor Enaruna, Dadang Prasetyo Jatmiko, & Biatna Dulbert Tampubolon. (2021). Manipulation of accounting figures and financial performance of listed nigerian firms. Journal of Management and Science, 11(4), 70-79. Retrieved from https://jms.eleyon.org/index.php/jms/article/view/512


This study was based on the manipulation of accounting figures and the financial performance of listed firms in Nigeria between the periods of 2007-2019 (Thirteen years). Ninety (90) firms were drawn as research samples among one hundred and nine (109) listed non-financial firms in Nigeria. The study was done quantitatively and conducted from secondary data obtained from the annual reports of various firms. Descriptive statistics and correlation analysis were used to determine the nature of the relationship between the independent and dependent variables. Given the hypothesis formulated for this research, the method
of model estimation employed was a panel regression analysis with the aid of Stata 14 software. The findings revealed that some manipulation techniques such as incorrect asset valuation and timing of assets transaction impact positively on return on assets,thereby justifying the act, albeit unethical. Other techniques such as revenue falsification and understatement of liabilities were seen to negatively impact the return on assets. The study recommends among others, that investors should employ the services of competent financial analysts to scrutinize financial statements of firms they want to invest in.


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