IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i9p2315-2324.html
   My bibliography  Save this article

Board Attributes and Sustainability Disclosure of Listed Manufacturing Firms in Nigeria

Author

Listed:
  • Onumoh Ahmed Yahaya

    (Federal College Of Education (Technical) Gusau, Zamfara State, Nigeria)

  • Hassanat Salawu Salihu

    (Salem University Lokoja)

  • Olopade Gboyega

    (Salem University Lokoja)

  • Iyadi Badanga Sadat

    (Salem University Lokoja)

Abstract

This study examined the board attributes on sustainability disclosure of listed Nigerian manufacturing firms. This study used an ex-post facto research design with a population of 34 consumer goods and industrial goods firms with a sample size of 18 firms selected using purposive sampling. This study utilized the annual reports of these firms from 2013 to 2023 to gather necessary data, employ multiple regression techniques, and analyze the data through STATA software 13. The result revealed that board size has a negative and significant effect on sustainability disclosure. Both the board meetings and board independence have a positive and significant effect on sustainability disclosure. This concludes that board size negatively and significantly influences sustainability disclosure. On the other hand, board meetings and independence have a positive relationship with sustainability disclosure. The study recommends that firms should ensure that they work with an ideal number of board of directors, as this will improve sustainable decision-making; every board meeting and every properly structured board meeting should incorporate sustainability to enhance the aspect of disclosure; and that firms should enhance board independence for the effectiveness of oversight and sustainability reporting through a higher proportion of independent directors.

Suggested Citation

  • Onumoh Ahmed Yahaya & Hassanat Salawu Salihu & Olopade Gboyega & Iyadi Badanga Sadat, 2024. "Board Attributes and Sustainability Disclosure of Listed Manufacturing Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(9), pages 2315-2324, September.
  • Handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:2315-2324
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-9/2315-2324.pdf
    Download Restriction: no

    File URL: https://rsisinternational.org/journals/ijriss/articles/board-attributes-and-sustainability-disclosure-of-listed-manufacturing-firms-in-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jibriel Elsayih & Qingliang Tang & Yi-Chen Lan, 2018. "Corporate governance and carbon transparency: Australian experience," Accounting Research Journal, Emerald Group Publishing Limited, vol. 31(3), pages 405-422, September.
    2. Emmanuel Anyigbah & Yusheng Kong & Bless Kofi Edziah & Ahotovi Thomas Ahoto & Wilhelmina Seyome Ahiaku, 2023. "Board Characteristics and Corporate Sustainability Reporting: Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 15(4), pages 1-26, February.
    3. Fabio Caputo & Simone Pizzi & Lorenzo Ligorio & Rossella Leopizzi, 2021. "Enhancing environmental information transparency through corporate social responsibility reporting regulation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3470-3484, December.
    4. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    5. Ntim, Collins G., 2011. "The Impact of Corporate Board Meetings on Corporate Performance in South Africa," MPRA Paper 45814, University Library of Munich, Germany.
    6. Stephen Bear & Noushi Rahman & Corinne Post, 2010. "The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation," Journal of Business Ethics, Springer, vol. 97(2), pages 207-221, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dorsaf Azouz Ghachem & Nadia Basty & Qasim Zureigat, 2022. "Ownership Structure and Carbon Emissions of SMEs: Evidence from OECD Countries," Sustainability, MDPI, vol. 14(21), pages 1-16, November.
    2. Yousaf, Umair Bin & Ullah, Irfan & Jiang, Junchen & Wang, Man, 2022. "The role of board capital in driving green innovation: Evidence from China," Journal of Behavioral and Experimental Finance, Elsevier, vol. 35(C).
    3. Francesco Gangi & Antonio Meles & Eugenio D'Angelo & Lucia Michela Daniele, 2019. "Sustainable development and corporate governance in the financial system: Are environmentally friendly banks less risky?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 529-547, May.
    4. Nguyen Thi Thanh Binh, 2024. "An application of artificial neural networks in corporate social responsibility decision making," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 31(1), March.
    5. Anne Marie Ward & John Forker, 2017. "Financial Management Effectiveness and Board Gender Diversity in Member-Governed, Community Financial Institutions," Journal of Business Ethics, Springer, vol. 141(2), pages 351-366, March.
    6. James J. Cordeiro & Giorgia Profumo & Ilaria Tutore, 2021. "Family ownership and stockholder reactions to environmental performance disclosure: A test of secondary agency relationships," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2091-2107, May.
    7. Zeitun, Rami & Goaied, Mohamed & Refai, Hisham Al, 2022. "Does minority management affect a firm's capital structure? Evidence from Japan," Finance Research Letters, Elsevier, vol. 50(C).
    8. Shaista Wasiuzzaman & Vasanthan Subramaniam, 2023. "Board gender diversity and environmental, social and governance (ESG) disclosure: Is it different for developed and developing nations?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2145-2165, September.
    9. Kaouther Chebbi & Mohammed Abdullah Ammer, 2022. "Board Composition and ESG Disclosure in Saudi Arabia: The Moderating Role of Corporate Governance Reforms," Sustainability, MDPI, vol. 14(19), pages 1-25, September.
    10. Jaehong Lee, 2021. "CEO Overconfidence and Voluntary Disclosure of Greenhouse Gas Emissions: With a Focus on the Role of Corporate Governance," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    11. María Consuelo Pucheta‐Martínez & Inmaculada Bel‐Oms & Isabel Gallego‐Álvarez, 2023. "Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1588-1600, July.
    12. Vicente Lima Crisóstomo & Priscila Azevedo Prudêncio & Isac Freitas Brandão, 2023. "Corporate Reputation in Brazil: The Effects of the Shareholding Control Configuration, Corporate Governance, and Corporate Social Responsibility," Corporate Reputation Review, Palgrave Macmillan, vol. 26(4), pages 243-263, November.
    13. Emmanuel Mensah & Christopher Boachie, 2023. "Corporate governance mechanisms and earnings management: The moderating role of female directors," Cogent Business & Management, Taylor & Francis Journals, vol. 10(1), pages 2167290-216, December.
    14. Chidiebele Innocent Onyali & Chinedu Uchenna Okerekeoti, 2018. "Board Heterogeneity and Corporate Performance of Firms in Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(3), pages 103-117, July.
    15. Dang, Rey & Houanti, L'Hocine & Sahut, Jean-Michel & Simioni, Michel, 2021. "Do women on corporate boards influence corporate social performance? A control function approach," Finance Research Letters, Elsevier, vol. 39(C).
    16. James J. Cordeiro & Giorgia Profumo & Ilaria Tutore, 2020. "Board gender diversity and corporate environmental performance: The moderating role of family and dual‐class majority ownership structures," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1127-1144, March.
    17. Amel Ben Rhouma & Walid Ben Amar & Eustache Ebondo Wa Mandzila, 2014. "Quel Impact Des Mécanismes De Gouvernance Sur La Divulgation Des Risques Liés Au Changement Climatique ? Le Cas Des Entreprises Françaises Cotées," Post-Print hal-01899578, HAL.
    18. Hernández-Atienza, Fernando & Rodríguez-Sanz, Juan Antonio & Tejerina-Gaite, Fernando, 2024. "The pathways of board diversity in European contexts: Exploring the influence of director types on firm performance," Research in International Business and Finance, Elsevier, vol. 72(PA).
    19. Helena Isidro & Márcia Sobral, 2015. "The Effects of Women on Corporate Boards on Firm Value, Financial Performance, and Ethical and Social Compliance," Journal of Business Ethics, Springer, vol. 132(1), pages 1-19, November.
    20. Pham, Hanh Song Thi & Tran, Hien Thi, 2020. "CSR disclosure and firm performance: The mediating role of corporate reputation and moderating role of CEO integrity," Journal of Business Research, Elsevier, vol. 120(C), pages 127-136.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:9:p:2315-2324. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.