MODERATING EFFECT OF WHISTLEBLOWING DISCLOSURE ON EARNINGS MANAGEMENT AND SHAREHOLDERS’ VALUE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

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Authors

James Uchenna Okpe¹, Dr. Luper Iorpev², Dr. Kwaghfan Aondoakaa³, Dr. Godwin Terhile Kutse⁴

 Department of Accounting, Rev. Fr. Moses Oshio Adasu University, Makurdi, Nigeria

Phone No: 08035957892, 08033764197 Email:[email protected]¹

ABSTRACT

Research Objective: This study investigated the moderating effect of whistleblowing disclosure on earnings management and shareholders’ value of listed deposit money banks in Nigeria. 

Methodology: The sample comprised ten (10) listed deposit money banks in Nigeria, drawn from a population of fourteen (14) banks. The study adopted an ex post facto research design and collected secondary data from annual reports and accounts for the period 2015 to 2024. Panel regression analysis was conducted using fixed-effects models. 

Findings: The results indicated that earnings management has no significant direct effect on shareholders’ value. However, the interaction between whistleblowing disclosure and earnings management significantly increases shareholders’ value. 

Conclusion: The study concludes that whistleblowing disclosures increase transparency and reduce unethical creative accounting, thereby increasing shareholder value. 

Recommendation: The study also recommends that deposit money banks in Nigeria should fortify whistleblowing mechanisms and heighten ethical creative accounting practices to maximize shareholders’ wealth.

Keywords: Shareholders’ Value, Earnings Management, Whistleblowing Disclosure, Deposit Money Banks, Nigeria.