International Journal of Advanced Research in
Management and Social Sciences ISSN: 2278-6236
Vol.
1 | No.
1 | July 2012 www.
garph.
co.
uk IJARMSS | 1
INSTITUTIONAL INVESTORS AND DISCRETIONERY ACCRUALS: THE CASE OF
LISTED MANUFACTURING FIRMS IN...
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International Journal of Advanced Research in
Management and Social Sciences ISSN: 2278-6236
Vol.
1 | No.
1 | July 2012 www.
garph.
co.
uk IJARMSS | 1
INSTITUTIONAL INVESTORS AND DISCRETIONERY ACCRUALS: THE CASE OF
LISTED MANUFACTURING FIRMS IN NIGERIA
Shehu Usman Hassan*
Abubakar Ahmed**
Abstract: Institutional Investors has been identified as an important corporate governance
mechanism that can discipline and influence managers to act in the overall interest of the
firm.
The relevance of this mechanism in constraining managerial opportunistic tendencies
has been explored in the context of developed countries, neglecting the developing
economies which have peculiar corporate governance structures and regulatory frameworks.
This paper examines the impact of institutional investors on discretionery accruals in the
Nigerian manufacturing companies.
Secondary data were extracted from the annual reports
of 20 most active quoted firms on the Nigerian Stock Exchang
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