MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES

Authors

  • Christian Iyafekhe University of Benin
  • Osamagbe Annabel Utomwen University of Benin
  • Osamagbe Annabel Utomwen University of Benin
  • Nelson Oke Egware University of Benin
  • Imuetinyan Eguavoen University of Benin

DOI:

https://doi.org/10.57233/gujaf.v1i1.18

Keywords:

Company size, Environmental disclosure, Profitability, Foreign-domestic ownership ratio

Abstract

The focus of this study is on the assessment of environmental disclosure: the moderating effect of
firm attributes and foreign-domestic ownership ratio with specific interest on the role of firm size,
leverage and profitability. Secondary data retrieved from the annual reports of oil and gas quoted
companies on the stock exchange of Nigeria was employed in the study. The study period spans from
2010-2018 and the Generalized Least Squares (GLS) regression was used for the estimation of the
specified models. The findings of the study show that profitability has a significant impact on
environmental reporting of oil and gas quoted companies in Nigeria while leverage and company
size have no significant impact on environmental reporting of oil and gas quoted companies in
Nigeria. The study further revealed a significant moderating effect of foreign-domestic ownership
ratio on the relationship between firm size, leverage, Profitability and environmental reporting. The
study recommends that firms that are well to do financially should pay more attention to
environmental reporting and firms should improve their environmental performance irrespective of
their leverage. The study further recommends that both small and big firms need to improve their
environmental performance and the presence of more foreign-domestic ownership should lead to
more robust disclosures of environmental issues.

Author Biographies

Christian Iyafekhe, University of Benin

Department of Accounting
University of Benin, Benin City, Edo State-Nigeria

Osamagbe Annabel Utomwen, University of Benin

Department of Accounting
University of Benin, Benin City, Edo State-Nigeria

Osamagbe Annabel Utomwen, University of Benin

Department of Accounting
University of Benin, Benin City, Edo State-Nigeria

Nelson Oke Egware, University of Benin

Department of Accounting
University of Benin, Benin City, Edo State-Nigeria

Imuetinyan Eguavoen, University of Benin

Department of Accounting
University of Benin, Benin City, Edo State-Nigeria

Downloads

Published

2020-04-20

How to Cite

Iyafekhe, C., Utomwen, O. A., Utomwen, O. A., Egware, N. O., & Eguavoen, I. (2020). MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES. Gusau Journal of Accounting and Finance, 1(1), 18. https://doi.org/10.57233/gujaf.v1i1.18