LIQUIDITY AND FINANCIAL REPORTING TIMELINESS OF QUOTED COMPANIES IN NIGERIA
Aigienohuwa, Osarenren O. and Ogbodo, OkenwaCy
Department of Accountancy
Nnamdi Azikiwe University, Awka
 Mail: blessedosas@yahoo.com; cyogbodo2016@yahoo.com
Abstract
The association between liquidity and financial report timeliness in Nigerian quoted firms is investigated in this study. The study used an ex post facto research design. As of December 31, 2010, the population of the study consisted of all publicly traded corporations. Nigeria had 145 publicly traded firms at the time. The Taro Yamane method was used to calculate the sample size. The information was gathered from a content analysis of annual reports and accounts of selected quoted Nigerian companies for the period 2010 to 2019. Two types of approaches were used in the empirical analysis. The initial strategy involved using descriptive and correlation analysis to describe the data and determine data relationship. The study found that there is a significant relationship between liquidity and timeliness of financial reports in Nigerian quoted companies. The study therefore recommended that since shareholder uses the liquidity to evaluate the possibility of future cash dividends or repurchase stock. Companies should strive to have a high level of liquidity to pay its short-term obligations.
Keywords: Liquidity ratios, Timeliness of financial reports and Nigerian quoted companies
Aigienohuwa, O.O & Ogbodo, O.C (2022). Liquidity and Financial Reporting Timeliness of Quoted Companies in Nigeria. Research Journal of Management Practice, 2(1), pp1-10. Available online at: https://www.ijaar.org/articles/rjmp/v2n1/rjmp-v2n1-Jan22-p2114.pdf.
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