Corporate governance mechanisms in social and environmental disclosure : the moderating role of non-executive directors’ ownership in Nigeria
Social and environmental information are key elements of corporate disclosure where it attracts stakeholders concern due to some agitations in Nigeria. This is in addition to low quality and less reporting where corporate governance mechanisms are believed to be the factors responsible for the repor...
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| Format: | Thesis |
| Language: | English English |
| Published: |
2017
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| Subjects: | |
| Online Access: | https://etd.uum.edu.my/7732/1/s95753_01.pdf https://etd.uum.edu.my/7732/2/s95753_02.pdf https://etd.uum.edu.my/7732/ https://sierra.uum.edu.my/record=b1698791~S1 |
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| Summary: | Social and environmental information are key elements of corporate disclosure where it attracts stakeholders concern due to some agitations in Nigeria. This is in addition to low quality and less reporting where corporate governance mechanisms are believed to be the factors responsible for the reporting quality of the disclosure. In addition, there are stakeholder‘s agitations on social and environmental issues. In order to address these problems therefore, this study examines the relationship between corporate governance mechanisms and corporate social and environmental disclosure quality among listed firms in Nigeria. Due to some inconsistencies found among the relationships, this study introduced non-executive director‘s ownership as moderator. The data in this study is based on annual reports and content analysis of 100 listed companies for five years (2010-2014) obtained from Nigerian Stock Exchange. The data is analysed using feasible generalized least square (FGLS). The finding shows a
significant positive relationship between board size, board independence, directors‘ qualifications, audit committee independence, and corporate social and environmental disclosure quality (CSEDQL). However, a negative significant relationship is established between board meetings and corporate social and environmental disclosure quality. Meanwhile, non-executive directors‘ ownership significantly moderates the relationship between board independence, board committees, audit committee independence and corporate social and environmental disclosure quality. The findings contribute theoretically by using stakeholders and agency theory, methodologically by introducing non-executive directors‘ ownership as moderator, the use of Global Reporting Initiative to calculate the quality of corporate social and environmental disclosure and the use of FGLS as techniques of analysis. Based on the result that shows a low social and environmental reporting, this study provides a way forward for government and policy makers to address the Nigerian companies on social and environmental disclosure quality. |
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