International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2023 | Volume: 7 | Issue: 6 | Page No.: 57-63 Corporate Ownership Attributes and Income Smoothing Of Nigerian Firms: Emphasis on the Quoted Industrial Goods Sector Download PDF AMALIKENEMECHI, F. & OKOLIE, A.O. Abstract: The study examined the effect of corporate ownership attributes on income smoothing-INSM of quoted industrial goods firms in Nigeria within the periods of 2012 down to 2021. The regressors are; concentrated equity ownership, managerial equity ownership, foreign equity ownership, institutional ownership and gender diversity and INSM. Data were collected from the firms' annual reports from 2012-2021. Data set was described using descriptive statistics, correlation analysis, and fixed effect model (FEM) with the help of E-views version 9.0. The finding reveals that, higher concentrated equity ownership, and foreign equity ownership increases income smoothing minimally. However, managerial equity ownership, institutional equity ownership, and gender diversity reduces INSM greatly. The paper submits that, managerial ownership, foreign ownership, and gender diversity reduce INSM to a very large extent. As such, it would be in the best interest of companies to increase managerial holdings as that tended to support the alignment perspective that managers with ownership equity would work in the best interest of the company and ensure shareholder protection by improving financial transparency.