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Board Attributes and Environmental Disclosure Practices among Quoted Manufacturing Companies in Nigeria

Author

Listed:
  • Johnson Kolawole OLOWOOKERE

    (Osun State University,Osogbo,Nigeria)

  • Jayeola OLABISI

    (Federal University of Agriculture,Abeokuta,Nigeria)

  • Gabriel Monday OIJIANGBE

    (African Regional Institute for Geospatial Information Science and Technology,Nigeria)

  • Titilope Esther OLOREDE

    (Osun State University,Nigeria)

Abstract

This study investigated board attributes and environmental disclosure practices among listed pharmaceutical and cement companies in Nigeria. The population of the study consisted of thirteen (13) Nigerian listed companies out of which ten (seven pharmaceutical and three cement Companies) companies were purposely selected based on the availability of data. The study covered a period of ten years (2012 to 2021) and employed Random Fixed Effect Regression for analysis. The results of the study showed that board independence and board gender diversity have a positive and significant relationship with environmental disclosure practices. However, board meetings had a negative and significant impact on environmental disclosure, while board size had a positive but insignificant influence on environmental disclosure. The study concluded that board attributes contributed to environmental disclosure practices of Nigerian listed pharmaceutical and cement companies in Nigeria. Therefore, the study suggested that every company should ensure the inclusion of appropriate board attributes to encourage voluntary environmental disclosure practices among Nigerian listed pharmaceutical and cement companies.

Suggested Citation

  • Johnson Kolawole OLOWOOKERE & Jayeola OLABISI & Gabriel Monday OIJIANGBE & Titilope Esther OLOREDE, 2022. "Board Attributes and Environmental Disclosure Practices among Quoted Manufacturing Companies in Nigeria," Romanian Journal of Economics, Institute of National Economy, vol. 55(2(64)), pages 129-146, December.
    • Handle: RePEc:ine:journl:v:55:y:2022:i:64:p:129-146
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    References listed on IDEAS

    as
    1. Muhammad Aminu Isa & Sabo Muhammad, 2015. "The Impact of Board Characteristics on Corporate Social Responsibility Disclosure: Evidence from Nigerian Food Product Firms," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(12), pages 34-45, November.
    2. David A. Carter & Betty J. Simkins & W. Gary Simpson, 2003. "Corporate Governance, Board Diversity, and Firm Value," The Financial Review, Eastern Finance Association, vol. 38(1), pages 33-53, February.
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    More about this item

    Keywords

    board independence; board size; board meeting; board gender diversity; environmental disclosures;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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