Discretionary environmental disclosures of corporations in Nigeria

Chijoke‐Mgbame, Aruoriwo Marian; Mgbame, Chijoke Oscar

doi:10.1057/s41310-018-0052-0

Cited by 8 publications

(8 citation statements)

References 35 publications

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“…The advantage of using EBITDA rather than net income is that it allows for comparison across forms. According to Chijoke-Mgbame and Mgbame (2018), the independent variable CSRD is measured as a dummy variable taking the value of 1 if there is a section in the published annual report dedicated to CSR activities and 0 otherwise. Given the voluntary disclosure system in Nigeria, companies that decide to dedicate a section in their annual report to discuss and present their CSR activities demonstrate the importance of such activities to the company.…”

Section: Data Methodology and Model Specificationmentioning

confidence: 99%

“…It is therefore imperative to examine the effect if any, of CSRD on the performance of companies in Nigeria. In addition to the voluntary system, Nigeria, like most developing countries, is plagued with weak institutions, poor governance practices, weak enforcement agencies and corrupt practices (Adegbite, 2015; Amaeshi et al , 2016; Chijoke-Mgbame and Mgbame, 2018). These shortcomings in the system no doubt provide an enabling environment for firms not to engage in CSR activities and also not to disclose the same in any format.…”

Section: Introductionmentioning

confidence: 99%

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The role of corporate governance on CSR disclosure and firm performance in a voluntary environment

Chijoke‐Mgbame

Mgbame

Akintoye

et al. 2019

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Purpose This study aims to investigate the impact of corporate social responsibility disclosure (CSRD) on firm performance and the moderating role of corporate governance on the CSRD–firm performance relationship of listed companies in Nigeria. Design/methodology/approach The paper uses a panel data set comprising 841 firm-year observations for the period covering 2007-2016. Fixed effect regression analysis was used to examine the relationship between CSRD and firm performance, and the moderating role of corporate governance in the CSRD–firm performance relationship. Findings The results of the study show that there are positive performance implications for firms that engage in CSRD. Although this study finds no effect of board size on the CSRD–firm performance relationship, it provides a strong evidence of a positive effect of board independence on the CSR–firm performance relationship. Practical implications The study contributes to the understanding of CSRD–firm performance relationship by providing evidence of the moderating role of corporate governance. It is, therefore, recommended that a stronger regulation be put in place for CSR engagement and the disclosure of same in Nigeria as well as robust measures for the enforcement of corporate governance mechanisms because there are economic benefits to be derived. Originality/value The findings contribute to the literature by providing up-to-date and original insights on the CSRD–firm performance relationship within a developing country context. It also uses an uncommon method of measuring CSRD, taking into account the institutional biases that may arise from other methods used in studies on developed countries.

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Section: Data Methodology and Model Specificationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The role of corporate governance on CSR disclosure and firm performance in a voluntary environment

Chijoke‐Mgbame

Mgbame

Akintoye

et al. 2019

Self Cite

View full text Add to dashboard Cite

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“…Firm size is the third commonly examined firm characteristic associated with sustainability disclosure in Africa, however, the empirical results are equally mixed. For example, the majority of the studies found evidence of a positive impact of firm size on SDGs and sustainability reporting (Agyei & Yankey, 2019; Chijoke‐Mgbame & Mgbame, 2018; Coetzee & van Staden, 2011; Cordova et al, 2020; Iredele, 2020; Kazemikhasragh et al, 2021; Masoud & Vij, 2021; Mathuva et al, 2017; Welbeck, 2017). Specifically, the literature assumes that bigger firms engage more in sustainability disclosure than smaller firms (Masoud & Vij, 2021) because they are more visible and well‐known among market participants.…”

Section: Thematic Analysismentioning

confidence: 99%

“…Nevertheless, the results are equally inconsistent. For example, some studies found a positive effect of firm profitability, financial leverage, and firm revenue growth on the adoption of sustainability and SDGs reporting (Chakroun et al, 2017; Cordova et al, 2020; Haladu & Bin‐Nashwan, 2022; Kazemikhasragh et al, 2021; Mathuva et al, 2017; Tilt et al, 2021) and the extent of the disclosure (Chijoke‐Mgbame & Mgbame, 2018). However, this relationship is moderated by environmental policy administrators (Haladu & Bin‐Nashwan, 2022).…”

Section: Thematic Analysismentioning

confidence: 99%

“…Nonetheless, the empirical findings are equally inconclusive. For example, most studies found a positive influence of firm age on the adoption (Chakroun et al, 2017; Haladu & Bin‐Nashwan, 2022; Herbert & Graham, 2022; Masoud & Vij, 2021) and extent of reporting (Chijoke‐Mgbame & Mgbame, 2018). However, this link is stronger when there are efficient environmental policy administrators (Haladu & Bin‐Nashwan, 2022).…”

Section: Thematic Analysismentioning

confidence: 99%

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Sustainability reporting in Africa: A systematic review and agenda for future research

Igwe

Khatib

Bazhair

2023

Corp Soc Responsibility Env

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This study provides a comprehensive systematic review of the sustainability reporting research focused on Africa. Using a systematic literature review approach, we synthesized 179 high‐quality journal articles obtained from the Scopus database. The study revealed that the extent and quality of SDGs and sustainability reporting in Africa are still very low and unsatisfactory. Also, we found that the existing studies mainly concentrated on the determinants of sustainability reporting, while limited research addressed the outcomes and sustainability assurance. Furthermore, the review indicates that firms in Africa predominantly focused on reporting their economic and social impacts while paying less attention to environmental protection. The study contributes to knowledge by providing an up‐to‐date and comprehensive review of sustainability reporting studies from important research contexts such as Africa. In doing so, we offer a more nuanced understanding of sustainability research in the region. We equally identified inconsistencies, gaps, and opportunities for future research.

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The impact of longer audit committee chair tenure and board tenure on the level of sustainability disclosure: The moderating role of firm size

Alodat,

Nobanee,

Salleh

et al. 2023

Bus Strat Dev

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The present research endeavors to examine the moderating effect of firm size on the relationship between the tenure of the audit committee chair and the board of directors with sustainability disclosure. Data from 592 non‐financial firms listed on the ASE from 2014 to 2021 were analyzed. The findings indicated that a longer tenure of a board of directors leads to increased sustainability disclosure, and firm size positively moderates this relationship. Moreover, the research outcomes indicated that the audit committee chair tenure had a positive yet non‐significant correlation with sustainability disclosure, with no moderating effect of firm size on this relationship. This study provides valuable insights for stakeholders, including investors, managers, and regulators, particularly in developing economies, by demonstrating the influence of corporate governance (CG) on sustainable development. The examination of firm size as a moderating factor offers a unique contribution to the existing literature, thus providing a deeper understanding of the indirect impact of CG on sustainability reporting.

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Discretionary environmental disclosures of corporations in Nigeria

Cited by 8 publications

References 35 publications

The role of corporate governance on CSR disclosure and firm performance in a voluntary environment

The role of corporate governance on CSR disclosure and firm performance in a voluntary environment

Sustainability reporting in Africa: A systematic review and agenda for future research

The impact of longer audit committee chair tenure and board tenure on the level of sustainability disclosure: The moderating role of firm size

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