BOARD CHARACTERISTICS AND ENVIRONMENTAL DISCLOSURE OF LISTED OIL AND GAS FIRMS IN NIGERIA AND SOUTH AFRICA
Keywords:
Gender Diversity, Board Size, Board Independence, Effluent DisclosureAbstract
This study assessed the effect of Board Characteristics on Environmental Disclosure of listed Oil and Gas firms in Nigeria and South Africa for eleven (11) years period ranging from 2011-2021. Gender Diversity, Board Size and Board Independence served as Board Characteristics proxies while Environmental Disclosure was measured with Effluent Disclosure. The study employed secondary data extracted from the Nigerian Exchange (NGX) Group and Johannesburg Stock Exchange (JSE) fact books, annual reports and accounts, stand-alone sustainability reports of sample firms. The study adopted Ex-post facto research design while the panel data sets were analyzed using Pearson Correlation matrix and Panel Least Square Regression analysis via E-Views 10.0. The result revealed that Gender Diversity has a significant and positive effect on Effluent Disclosure (β1 = 0.082165; p-value = 0.0000); Board Size has a significant and positive effect on Effluent Disclosure (β2 = 0.159110; p-value = 0.0000); Board Independence has a significant and positive effect on Effluent Disclosure (β3 = 0.148493; p-value = 0.0000) of listed Oil and Gas firms in Nigeria and South Africa at 5% level of significance respectively. In conclusion, the study upholds that Board Characteristics significantly affects Environmental Disclosure of listed Oil and Gas firms in Nigeria and South Africa. It was recommended inter alia that firms should always have both women and men in the organizational teams in order to benefit from the different points of view and approaches that come from different life experiences, thus a multiplicity of perspectives can spark creativity and innovation, and help organizations spot and seize new opportunities
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA 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 JOGA 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 JOGA 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 JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA 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.
