Bibliometric Analysis of Board Characteristics and Earnings Management of Nigeria-Listed Firms

Abstract

Earnings management, involving deliberate financial statement manipulation, is a significant concern for stakeholders and regulators. This study investigates the relationship between board characteristics and earnings management within Nigeria-listed firms, a sector crucial to the Nigerian economy. Key board characteristics such as size, independence, diversity, and financial expertise are examined for their impact on corporate governance and financial reporting quality. Prior research suggests effective boards mitigate earnings management through enhanced oversight and rigorous reporting practices. This study employs a bibliometric analysis of literature from 2000 to 2023, utilizing databases such as Scopus, Web of Science, and Google Scholar. Techniques like co-citation analysis, keyword analysis, and thematic mapping identify trends and key themes. Findings indicate that larger boards, higher proportions of independent directors, and the presence of financial experts correlate with reduced earnings management, enhancing financial oversight. However, gaps exist in understanding the interaction effects between different board characteristics and the context-specific factors influencing board effectiveness. Challenges associated with diverse and large boards, such as coordination and decision-making conflicts, are also noted.