THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES
Journal Title: Gusau Journal of Accounting and Finance - Year 2020, Vol 1, Issue 1
Abstract
Global reporting initiatives (GRI) guidelines has received wide spread acceptance across the globe in the area of sustainability reporting. Several studies conducted in developed countries proved the effectiveness of the GRI index. In order to enjoy the benefits attributable to sustainability reporting, many developing nations claim compliance with the GRI index. However, the extent of compliance with the index remain sketchy. The objective of this research is to discuss this challenge by measuring the extent of sustainability disclosure in the Nigerian oil and gas companies using the Global Reporting Initiatives (GRI) framework as yardstick. The study used secondary data collected from the annual report and accounts of eight (8) selected oil and gas companies listed on Nigerian Stock Exchange (NSE). Weighted disclosure index was used to measure the level of compliance with sustainability disclosure among these companies. T-test was used to find the means difference of the selected companies using company characteristics. The findings reveal that there is significance level of compliance with sustainability disclosure requirement by the companies. It also reveals yearly improvement in the means compliance across the study period. In addition, companies complied more with the requirement under strategy and analyses than other categories of the disclosure requirement. It also shows that big companies complied more with the disclosure requirement than small companies. However, profitability and audit quality of the companies have no significance difference in influencing level of disclosure. The study further suggests for future research the assessment of value relevance of this level of compliance. : Sustainability Disclosure
Authors and Affiliations
Tijjani Habibu Ahmad, Nura Badamasi
Keywords
Related Articles
- EP ID EP709202
- DOI -
- Views 50
- Downloads 0
IMPACT OF AUDIT QUALITY ON EARNINGS MANAGEMENT OF LISTED DEPOSIT MONEY BANKS
The study examined the impact of audit quality on earnings management of listed deposit money banks in Nigeria for the period of 2012-2019 The study adopted correlational research design. The study used data extracted f...
THE EXTENT OF SUSTAINABILITY DISCLOSURE: EVIDENCE FROM LISTED NIGERIAN OIL AND GAS COMPANIES
Global reporting initiatives (GRI) guidelines has received wide spread acceptance across the globe in the area of sustainability reporting. Several studies conducted in developed countries proved the effectiveness of t...
FIRM SPECIFIC ATTRIBUTES AND FINANCIAL PERFORMANCE OF LISTED INSURANCE COMPANIES IN NIGERIA
The financial performance of Nigerian insurance firms has been seen as weak and poor. Owing to the weakness of the insurance sector, the study therefore examined the effect of insurance specific attributes on financial...
FINANCIAL RISK AND PROFITABILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA: MODERATING ROLE OF BOARD DIVERSITY
The financial crises experience by banking sector in Nigeria as a result of 2009 global financial economic meltdown that have led to the challenges of liquidity problem and high operational cost to banks which have affe...
TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA
This study econometrically examined taxation effect on social services in which how taxation incomes finance education services were investigated. Data were collected from FIRS bulletin and CBN statistical bulletin cove...