Corporate diversity and corporate social environmental disclosure of listed manufacturing companies in Nigeria

Ozordi, Emmanuel; Uwuigbe, Uwalomwa; Teddy, Obarakpo; Tolulope, Ikumapayi; Eyitomi, Gbenedio Akpevwenoghene

doi:10.21511/ppm.16(3).2018.19

Cited by 16 publications

(17 citation statements)

References 54 publications

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“…It is a yardstick to attain if the data suffer any form of multicollinearity and to explore any possible association amid variables. However, the summary of this table proves that the correlation between construct does not exceed the 80% threshold as inferred in Ozordi et al (2018). Hence, it proves the absence of multicollinearity.…”

Section: Methodsmentioning

confidence: 57%

Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria

Ozordi

Adetula

Eluyela

et al. 2019

Problems and Perspectives in Management

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Cash holding decision is a very crucial decision that strongly affects the performance of an organization. Corporate dynamism as a corporate governance tool was explored in this study in order to establish its relationship with cash holding decision in listed manufacturing companies in Nigeria. Board skill, female leadership, foreign directors, board ownership and directors’ compensation were used as proxies for corporate dynamism. A panel regression model was adopted in this study to examine the implication of corporate dynamism on cash holding decisions spanning six years from 2012 to 2017. Random sampling technique was employed in order to arrive at thirty firms out of thirty-seven listed manufacturing firms, which comprised industrial and consumer goods sector. Board ownership and the existence of foreign expatriates were found to have a significant effect on cash holding decisions. It is concluded that directors with significant holdings tend to be more aggressive towards activities that enhance the performance of a firm, one of which is ensuring that optimal level of cash is held at a particular point in time in order to guide against liquidity problems, which may be caused by overtrading or even keeping excess idle cash, which is supposed to be invested in profitable ventures. Also, the fact that the existence of foreign expatriates will affect cash holding decisions, which may be justified by the fact foreign expatriates are displaying expertise because of diverse experience that they have been able to gain from different parts of the world.

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Section: Methodsmentioning

confidence: 57%

Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria

Ozordi

Adetula

Eluyela

et al. 2019

Problems and Perspectives in Management

Self Cite

View full text Add to dashboard Cite

show abstract

“…Gender diversity of board members is expected to have a positive impact on corporate social responsibilities. Previous research has shown that having female members on the board of directors has positively influenced corporate sustainability performance (Emmanuel et al, 2018;Margaretha and Isnaini, 2014). Females generally contribute more to social intelligence and collaborative decision making as compared to their male counterparts (Bart and Mcqueen, 2013;Harjoto et al, 2015).…”

Section: Board Diversitymentioning

confidence: 94%

“…Therefore, much empirical research has been conducted that shows a positive relationship between independent directors and CSR (Barako and Brown, 2008;Ho and Wong, 2001). However, there might be a negative relationship between independent directors and corporate sustainability reporting due to other influential factors such as regulatory pressure on voluntary disclosure, boards' lack of expertise, and their newness to the business model (Emmanuel et al, 2018).…”

Section: Board Independencementioning

confidence: 99%

“…In the literature on corporate governance, board size has gained significant attention. According to resource dependency theory, large board sizes enhance corporate sustainability performance (Cheng, 2008), since more members bring more experience, knowledge, expertise, and a high level of value to the corporations well as to the society (Emmanuel et al, 2018). Also, resource dependency theory showed that a remarkable component in developing efficient and effective management in a corporation is the number of members serving on the board of directors.…”

Section: Board Sizementioning

confidence: 99%

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Board of Directors Attributes and Sustainability Performance in the Energy Industry

Gardazi¹,

Hassan²,

Johari³

2020

JAFEB

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The board of directors play an important role in corporate climate strategy-making and decisions but might also compromise environmental policies to minimize agency cost. This study critically investigates the relationship between the attributes of the board of directors and the degree of sustainability performance for the energy sector as discussed in the literature. Our study cumulates existing knowledge offering important characteristics for a balanced board structure to increase the board's effectiveness in adopting sustainable initiatives that could reduce the adverse impact of an energy corporation's operation on the environment. Crucial attributes of the board of directors deemed to be positively associated with the commitment to reduce carbon footprint in the environment have been identified. Based on our extensive analysis of the literature we propose a conceptual framework that measures the influence of the board of directors' attributes on corporate environmental and social sustainability performance. The proposed framework will be useful as an initial step for top management and regulators to gain a better understanding of the balanced board structure required to achieve the social and environmental sustainability performance of corporations. Further, this paper contributes to a body of knowledge about how the board of directors could play a crucial role in monitoring social and environmental threats.

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“…For instance, women presence on board is related to greater corporate innovation success [18]. Also, women on board are influential in disclosing corporate and social activities [19]. Contrary, female director do not matter in improving firm performance [20].…”

Section: Introductionmentioning

confidence: 99%

Women on Board and Corporate Social Responsibility (Csr) Spending on Education and Information Communication Technologies (Ict)

Ezenwoke¹,

Esan²,

Tion³

et al. 2021

INTED2021 Proceedings

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In developing economies, there are still largely unaddressed gaps on the quality of education and information technology alignment compared to the rest of the world. The authenticity of corporate responsibilities to social and economic challenges were more evident due to the Coronavirus recrudescent. The study seeks to assess whether women representation on board is pivotal to corporate social responsibility spending on education and Information Technology prior covid-19. Data on listed financial firms over the period of 2016-2019 was explored. We find significant and positive evidence that board with more than one woman are involved in educational CSR activities than board with no woman. Also, female representation on board has more effects when they are at least three. The effect of women on board is negative and significant when it comes to participation in CSR activities on ICT. Women to directors' ratio is one to four in a best-case scenario. The representation of women as CEOs is still not balanced. Also, having a female as the CEO do not significantly contribute to CSR spending on education and ICT. Board size is positively and significant to CSR spending on education and ICT. We conclude that greater numeric presence of women on board and not just a scanty representation is fundamental to CSR spending on education.

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Corporate diversity and corporate social environmental disclosure of listed manufacturing companies in Nigeria

Cited by 16 publications

References 54 publications

Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria

Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria

Board of Directors Attributes and Sustainability Performance in the Energy Industry

Women on Board and Corporate Social Responsibility (Csr) Spending on Education and Information Communication Technologies (Ict)

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