EFFECT OF BOARD CHARACTERISTICS ON ENVIRONMENTAL DISCLOSURE IN NIGERIA AND GHANA
Keywords:
Board Size, Board Independence, Effluent DisclosureAbstract
This study ascertained the effect of board characteristics on environmental disclosure of listed oil and gas firms in Nigeria and Ghana for twelve (12) year period spanning from 2012-2023. Specifically, this study ascertained the effect of board size and board independence on effluent disclosure. Panel data were used in this study, which were obtained from the annual reports and accounts of twelve (12) listed oil and gas companies for the periods 2012-2023. Ex-Post Facto research design was employed. Inferential statistics using Pearson correlation coefficient and Panel least square regression analysis were employed to test the hypotheses of the study. Conclusively, the results of the tested hypotheses revealed that board size has a significant but negative effect on effluent disclosure (β1 = -0.016095; p-value = 0.0000 < 0.05); while Board independence has a significant and positive effect on effluent disclosure (β1 = 0.037481; p-value = 0.0000 < 0.05. Conclusively, Board attributes have mixed effect on environmental disclosure of listed oil and gas firms in Nigeria and Ghana. The study recommended amongst others that the independent to enable them perform their functions effectively.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 International Review of Financial Studies
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to IROFS should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as IROFS reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of IROFS once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to IROFS. Failure to do so may lead to a lengthy delay in publication, as IROFS is unable to publish any article which has permissions pending. Thus, the rights IROFS requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
