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- W3006217514 abstract "The debate on the need for ownership of shares by management emanates as a result of the possible incongruence of objective that could happen among business executives and diverse shareholders when directors do not have shareholding stake in the companies they govern. Studies have shown that financial crisis reported across the global economy affect the credibility of financial information and confidence of stakeholders in quoted firms. This study examined the managerial ownership impact on audit quality of firms quoted on the Nigerian Stock Exchange from 2007 to 2017. The sample size was 36 manufacturing companies purposively selected from 185 firms listed on the NSE. The study used descriptive, correlational and experimental designs and multiple regressions for analysis. It was found that managerial ownership does not have a positive and significant impact on audit fees (<i>β</i> = -0.241; p = 0.287) while managerial ownership structure has a negative but significant impact on audit size (<i>β</i> = -0.562; p- value = 0.002). The study concluded that managerial ownership has significant influence on audit quality of Nigerian quoted firms. The study recommended that, boards of corporate organisations in Nigeria should hearten greater participation of executive directors in taking up some of the shares of the companies they preside over in order to promote convergence of interest in achieving overall corporate objective." @default.
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- W3006217514 date "2020-01-01" @default.
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- W3006217514 title "Convergence of Interest Hypothesis: Examining the Impact of Managerial Ownership on Audit Quality of Quoted Manufacturing Companies in Nigeria" @default.
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- W3006217514 doi "https://doi.org/10.11648/j.jfa.20200801.12" @default.
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