The hazardous effects of companies’ activities have sparked the increasing need from stakeholders for transparent and trustworthy report on sustainability issues. There is still evidence of low report on sustainability performance in the listed non-financial firms in Nigeria which has attributed to corporate governance mechanism issues. Therefore, this study examines the effect of board characteristics on sustainability reporting of listed non-financial firms in Nigeria from 2010 to 2018. Sustainability reporting was measured using content analyses on corporate annual report on sustainability used Global Reporting Initiatives (G4) guidelines. The population of the study consist of 47 non-financial firms from Consumer goods, Industrial and Oil and Gas sectors. The study used a sample of 30 firms and secondary data which was employed, sourced from the audited annual report of the sampled firms was employed. Robust Fixed effect regression was used for the analysis and the study found among others that board gender has positive and significant effect on sustainability reporting of listed non-financial firms in Nigeria. The study concludes that women directors enhance the level of reporting on sustainability reporting of listed non-financial firms in Nigeria. The study recommendation among others that board of directors should ensure diversity gender by appointing more women directors on the board as the mean also reveal that their presence is low.
| Published in | Journal of Finance and Accounting (Volume 9, Issue 5) |
| DOI | 10.11648/j.jfa.20210905.11 |
| Page(s) | 182-189 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Board Characteristics, Sustainability Reporting, Non-financial Firms
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APA Style
Ajepe Ayobami Oluwatoyin, Samuel Eniola Agbi, Lateef Olumide Mustapha. (2021). Board Characteristics and Sustainability Reporting of Listed Non-Financial Firms in Nigeria. Journal of Finance and Accounting, 9(5), 182-189. https://doi.org/10.11648/j.jfa.20210905.11
ACS Style
Ajepe Ayobami Oluwatoyin; Samuel Eniola Agbi; Lateef Olumide Mustapha. Board Characteristics and Sustainability Reporting of Listed Non-Financial Firms in Nigeria. J. Finance Account. 2021, 9(5), 182-189. doi: 10.11648/j.jfa.20210905.11
AMA Style
Ajepe Ayobami Oluwatoyin, Samuel Eniola Agbi, Lateef Olumide Mustapha. Board Characteristics and Sustainability Reporting of Listed Non-Financial Firms in Nigeria. J Finance Account. 2021;9(5):182-189. doi: 10.11648/j.jfa.20210905.11
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Download@article{10.11648/j.jfa.20210905.11,
author = {Ajepe Ayobami Oluwatoyin and Samuel Eniola Agbi and Lateef Olumide Mustapha},
title = {Board Characteristics and Sustainability Reporting of Listed Non-Financial Firms in Nigeria},
journal = {Journal of Finance and Accounting},
volume = {9},
number = {5},
pages = {182-189},
doi = {10.11648/j.jfa.20210905.11},
url = {https://doi.org/10.11648/j.jfa.20210905.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20210905.11},
abstract = {The hazardous effects of companies’ activities have sparked the increasing need from stakeholders for transparent and trustworthy report on sustainability issues. There is still evidence of low report on sustainability performance in the listed non-financial firms in Nigeria which has attributed to corporate governance mechanism issues. Therefore, this study examines the effect of board characteristics on sustainability reporting of listed non-financial firms in Nigeria from 2010 to 2018. Sustainability reporting was measured using content analyses on corporate annual report on sustainability used Global Reporting Initiatives (G4) guidelines. The population of the study consist of 47 non-financial firms from Consumer goods, Industrial and Oil and Gas sectors. The study used a sample of 30 firms and secondary data which was employed, sourced from the audited annual report of the sampled firms was employed. Robust Fixed effect regression was used for the analysis and the study found among others that board gender has positive and significant effect on sustainability reporting of listed non-financial firms in Nigeria. The study concludes that women directors enhance the level of reporting on sustainability reporting of listed non-financial firms in Nigeria. The study recommendation among others that board of directors should ensure diversity gender by appointing more women directors on the board as the mean also reveal that their presence is low.},
year = {2021}
}
TY - JOUR T1 - Board Characteristics and Sustainability Reporting of Listed Non-Financial Firms in Nigeria AU - Ajepe Ayobami Oluwatoyin AU - Samuel Eniola Agbi AU - Lateef Olumide Mustapha Y1 - 2021/09/15 PY - 2021 N1 - https://doi.org/10.11648/j.jfa.20210905.11 DO - 10.11648/j.jfa.20210905.11 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 182 EP - 189 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20210905.11 AB - The hazardous effects of companies’ activities have sparked the increasing need from stakeholders for transparent and trustworthy report on sustainability issues. There is still evidence of low report on sustainability performance in the listed non-financial firms in Nigeria which has attributed to corporate governance mechanism issues. Therefore, this study examines the effect of board characteristics on sustainability reporting of listed non-financial firms in Nigeria from 2010 to 2018. Sustainability reporting was measured using content analyses on corporate annual report on sustainability used Global Reporting Initiatives (G4) guidelines. The population of the study consist of 47 non-financial firms from Consumer goods, Industrial and Oil and Gas sectors. The study used a sample of 30 firms and secondary data which was employed, sourced from the audited annual report of the sampled firms was employed. Robust Fixed effect regression was used for the analysis and the study found among others that board gender has positive and significant effect on sustainability reporting of listed non-financial firms in Nigeria. The study concludes that women directors enhance the level of reporting on sustainability reporting of listed non-financial firms in Nigeria. The study recommendation among others that board of directors should ensure diversity gender by appointing more women directors on the board as the mean also reveal that their presence is low. VL - 9 IS - 5 ER -
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