The Effect of Corporate Governance Mechanisms on Internet Financial Reporting of Nigerian Quoted Companies

This paper investigates the effect of corporate governance mechanisms (CGMs) on internet financial reporting (IFR) of Nigerian selected companies. The study adopted a longitudinal research design. The population for the study comprised of 151 quoted companies on the Nigeria Exchange Group (NGX) between 2012 and 2023. A total of 56 quoted companies were purposively selected on the basis of availability of data during the study period and adoption of International Financial Reporting Standards (IFRS). Data were sourced from the audited and published financial statements, and filings of the selected quoted companies. The data comprised of CGMs, IFR, and applicable control variables. Data collected were analysed using appropriate inferential statistics. The board size (BS) have a coefficient value of 0.005 which is statistically significant (p-value = 0.000), board gender diversity (BGD) has a coefficient value of 0.002 which is statistically significant (p-value = 0.000), board independence BI has a positive coefficient value of 0.003 which is statistically significant at the 5% level (p-value = 0.016), board meeting (BM) has a negative coefficient value of 0.001 which is statistically significant (p-value = 0.067), leverage is found to have had a negative coefficient value of 0.002 on IFR disclosure which is statistically significant (p-value = 0.002). The study concluded that CGMs variables had joint effect on IFR disclosure across the sampled firms. The study recommended that corporate governance practices should be strengthened, especially in the areas of board in-dependence, gender diversity, and board size; and the companies should therefore, ensure an inclusive and well-structured board that can contribute to strategic decision-making and improved transparency.