EFFECT OF BOARD CHARACTERISTICS ON SOCIAL AND ENVIRONMENTAL DISCLOSURE OF LISTED ENVIRONMENTALLY SENSITIVE FIRMS IN NIGERIA

Authors

  • Salawu Moruff Adeyemi Ahmadu Bello University Zaria
  • Muhammed Tahir Dahiru PhD Ahmadu Bello University Zaria
  • Garba Ado PhD Ahmadu Bello University Zaria
  • Professor Salisu Mamman PhD Ahmadu Bello University Zaria

DOI:

https://doi.org/10.57233/gujaf.v2i3.77

Keywords:

Board Characteristics, Social and Environmental Disclosure, Global Reporting Initiative

Abstract

Social and Environmental Disclosure has been at its adoption phase in Nigeria despite the trend of disclosure practices by firms around the world. As a step towards addressing this shortcoming, the paper examined Board characteristics and their effects on Social and Environmental Disclosure in Nigeria. Mixed theoretical approach was deployed in explaining relationship between board characteristics and Social and Environmental Disclosure. Companies were graded on their Social and Environmental Disclosure performance using the Global Reporting Initiative (GRI) Index. For a period of seven years (2012 - 2018), data were obtained from the published Annual Reports of fifty (50) selected environmentally sensitive enterprises listed on the website of the Nigerian Exchange Group as of 2019. Panel corrected Standard Error (PCSE) regression was found appropriate in testing the hypotheses. Board size, board expertise, board independence and board gender diversity were found to be positive and significant to Social and Environmental Disclosure. The study concluded that Board Characteristics impact Social and Environmental Disclosure and further recommends that listed firms should comply adequately with corporate governance requirements related to Board Characteristics to ensure that Social and Environmental Disclosure is not compromised.

Author Biographies

Salawu Moruff Adeyemi, Ahmadu Bello University Zaria

Department of Accounting
ABU Business School
Ahmadu Bello University, Zaria
+2348058015423

Muhammed Tahir Dahiru PhD, Ahmadu Bello University Zaria

Department of Accounting
ABU Business School
Ahmadu Bello University, Zaria
+2348039202520

Garba Ado PhD, Ahmadu Bello University Zaria

Department of Economics
ABU Business School
Ahmadu Bello University, Zaria
+2349078535313

Professor Salisu Mamman PhD, Ahmadu Bello University Zaria

Department of Accounting
ABU Business School
Ahmadu Bello University, Zaria
+2348030680907

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Published

2021-04-21

How to Cite

Moruff Adeyemi, S., Tahir Dahiru, M., Ado, G., & Salisu Mamman, P. (2021). EFFECT OF BOARD CHARACTERISTICS ON SOCIAL AND ENVIRONMENTAL DISCLOSURE OF LISTED ENVIRONMENTALLY SENSITIVE FIRMS IN NIGERIA. Gusau Journal of Accounting and Finance, 2(3), 16. https://doi.org/10.57233/gujaf.v2i3.77