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Article Title:
OWNERSHIP STRUCTURE AND INFORMATIVENESS OF ACCOUNTING EARNINGS OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
by Bawa Maru, Lawal and Isah Haira'u, Muhammad

Abstract:
This study investigated the effect of Ownership Structure on Informativeness of Accounting Earnings of listed Deposit Money Banks in Nigeria. Ownership structure is proxied with Managerial ownership, Institutional ownership, and Ownership concentration, while Informativeness of Accounting Earnings is proxied using Fan and Wong (2002) model. Pooled Regression technique was adopted using Fixed and Random effect in the analysis. The study used a purposive sampling technique to filter out banks that do not satisfy the criteria set out for inclusion thereby arriving at the sample size of ten (10) listed Deposit Money Banks in Nigeria out of Seventeen (17). Secondary data source was used which were extracted from the Annual reports and accounts of the sampled Banks from 2006-2012. The findings revealed that, Managerial Ownership is negatively and significantly related to Earnings Informativeness, While Ownership Concentration was positively and significantly related to Earnings Informativeness of listed Deposit Money Banks in Nigeria. However, Institutional Ownership was found to have no significant influence on Informativeness of Accounting Earning. It is recommended amongst others that those who are interested in the reported earnings as a basis for their investment decisions should look up to Ownership Concentration in those banks as they empirically guarantee the reliability of the Banks reported Earnings.

Keywords: ownership structure, financial report, earnings informativeness.

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