EFFECTS OF CORPORATE GOVERNANCE ON CORPORATE SOCIAL AND ENVIRONMENTAL DISCLOSURE AMONG LISTED FIRMS IN NIGERIA
Journal Title: European Journal of Business and Social Sciences - Year 2013, Vol 2, Issue 5
Abstract
This study examined the effects of corporate governance (CG) mechanisms on corporate social and environmental disclosure (CSED) among firms listed on the Nigerian Stock Exchange. Forty firms were selected for the study using judgmental sampling technique. A content analysis of information in the corporate annual reports and websites of the selected firms for the period 2006-2010 provided data for the study. CSED was measured using 50 items of information and CG mechanisms examined were CEO duality, Board size, proportion of nonexecutive directors and audit size. Data obtained were analyzed using correlation and regression analysis. Findings revealed a significant negative relationship between CEO duality and CSED; and significant positive relationships between proportion of non- executive directors, board size, audit size and CSED. The study concluded that an effective board with higher number of non executive directors (independent directors) and larger size and higher quality audits will be more supportive of firms disclosing a wider range of information to stakeholders including social and environmental information.
Authors and Affiliations
Solabomi Omobola Ajibolade| Department of Accounting Faculty of Business Administration, University of Lagos, Lagos, Nigeria soajibolade@yahoo.com +234-8028315599, Uwalomwa Uwuigbe| Department of Accounting, School of Business, College of Development Studies Covenant University, Ogun State, Nigeria. uwalomwa.uwuigbe@covenantuniversity.edu.ng +234-8052363513 Corresponding author : soajibolade@yahoo.com
Keywords
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- EP ID EP10287
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