Title:
Aggressive Earnings Management and Stakeholders Protection in Listed Companies in Nigeria Exchange

Authors:
Balogun Jacob. A, and Folajimi Festus Adegbie, Nigeria

Abstract:

Aggressive earnings management and stakeholder protection as the research topic is.  Recently, it has been affirmed in the Enrons, WorldCom, and Oceanic bank cases that there is evidence where management's interests were protected at the detriment of other stakeholders. The empirical framework is the Fraud Diamond and stakeholder theories. The methodology adopted are research design is ex post facto research design. The population is all the manufacturing companies listed in the Nigeria Stock Exchange market, while the sample is one (1) agro-allied company in Nigeria, FTN Cocoa Processors Plc., as listed in the Nigeria Stock Exchange market from the year 2020 to 2024.The descriptive statistics reveal that most of the dependent variables related to the organization’s inventory, debtors, and corporate tax—exhibit moderate to strong skewness, with profit and creditors showing more pronounced negative skewness. The independent variable of share market value displays a mild skewness. However, the simple linear regression analysis results showed that share market value has a negative and significant effect on profit. The recommendations are to consider tax expansion, refinancing, deleveraging, and sustainable working capital. Furthermore, institute performance-driven strategies and to be reviewed regularly.

DOI: https://doi.org/10.51505/IJEBMR.2026.10622