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The Effect of Board Size and Board Composition on Firms Corporate Environmental Disclosure: A Study of Selected Firms in Nigeria

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  • Uwalomwa Nil Uwuigbe

    (Covenant University, Nigeria)

  • Ben-Caleb Egbide

    (Covenant University, Nigeria)

  • Akanbi Moses Ayokunle

    (Covenant University, Nigeria)

Abstract

Environmental problems have become major headlines due to the negative effects they bring to the stability of the ecosystem. Thus, the increased awareness of social responsibility or, specifically, environmental concern is now a challenge facing the corporate world. Hence this study tests whether board size and board composition have any association with the level of firms’ corporate environmental disclosure in annual reports. To achieve the objective of this study, a total of 40 listed firms on the floor of the Nigerian stock exchange market were used. Also, the study critically developed and utilized the Kinder Lydenberg Domini (KLD rating scheme to analyze the level of corporate environmental disclosure made by firms in their annual reports for the period 2006- 2010. In addition, the simple regression analysis was used to test the research propositions as stated in the study. However, empirical findings from the study reveal that while board size has a significant negative relationship with the level of corporate environmental disclosure; board composition on the other hand has a significant positive relationship with the level of firms’ corporate environmental disclosure in the annual report.

Suggested Citation

  • Uwalomwa Nil Uwuigbe & Ben-Caleb Egbide & Akanbi Moses Ayokunle, 2011. "The Effect of Board Size and Board Composition on Firms Corporate Environmental Disclosure: A Study of Selected Firms in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 164-176, October.
    • Handle: RePEc:dug:actaec:y:2011:i:5:p:164-176
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    References listed on IDEAS

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    Cited by:

    1. David H.M. Hasibuan & Khomsiyah ., 2019. "Do Corporate Social Responsibility and Corporate Governance Affect Tax Aggressiveness? Evidence from Indonesia," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 7(1), pages 8-16.
    2. Simona Alfiero & Massimo Cane & Ruggiero Doronzo & Alfredo Esposito, 2018. "Determining characteristics of boards adopting Integrated Reporting," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2018(2), pages 37-71.
    3. Astrid Rudyanto, 2017. "State Ownership, Family Ownership, and Sustainability Report Quality, The Moderating Role of Board Effectiveness," GATR Journals afr129, Global Academy of Training and Research (GATR) Enterprise.
    4. Victor Chiedu OBA & Musa Inuwa FODIO, 2012. "Board Characteristics and the Quality of Environmental Reporting in Nigeria," The Journal of Accounting and Management, Danubius University of Galati, issue 2, pages 33-48, August.
    5. Akbas Halil Emre, 2016. "The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies," South East European Journal of Economics and Business, Sciendo, vol. 11(2), pages 7-19, December.
    6. Aleksandra Szewieczek & Beata Dratwińska-Kania & Aleksandra Ferens, 2021. "Business Model Disclosure in the Reporting of Public Companies—An Empirical Study," Sustainability, MDPI, vol. 13(18), pages 1-27, September.

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