The Relationship Between Corporate Social Disclosures and Board Characteristics: Evidence From Nigeria

Adamu, Adamu Idris; Abdulrasheed, Nafisat Muritala; Ekundayo, Oyindamola Olusegun

doi:10.37231/apj.2020.3.2.214

Cited by 5 publications

(3 citation statements)

References 12 publications

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“…One of the crucial elements of board characteristics is board size, which refers to the total number of inside and outside directors who sit on a corporation's board. According to Adamu et al (2020), the board may benefit from improved contact with the host community if there are more board members. Additionally, Agyemang et al (2019) asserted that the size of the board affects its capacity to oversee and assess management and voluntary disclosure.…”

Section: Literature Reviewmentioning

confidence: 99%

Board Characteristics and Integrated Reporting of Listed Oil and Gas Companies in Nigeria: Moderating Role of Profitability

Garba,

PhD,

Ahmad Ph0044

2023

Int. J. Res. Publ. Rev.

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This study looks at how profitability influences the relationship between board composition and integrated reporting for eight (8) listed oil and gas firms in Nigeria over a fifteen-year period (from 2007 to 2021). On legitimacy theory, the theoretical literature was built. Data were hand-selected from chosen firms' annual reports and financial statements. Panel data were analyzed using Fixed Effects and Random Effects models. According to the findings, board size and gender diversity are moderated by profitability in relation to integrated reporting. The study, however, was unable to demonstrate any moderating impact of profitability on board independence. As a result, the study draws the conclusion that profitability plays a determining role in the relationship between board size and integrated reporting and between board gender diversity and integrated reporting. This study suggests that oil and gas companies keep their boards at a minimum size of eight (8) members in order to lower operating expenses and boost profitability. Similarly, oil and gas companies ought to cut back on the number of female directors.. The term "integrated reporting" refers to a reporting system that includes both financial and non-financial information in the financial statement report. According to Gokte et al. (2017), integrated reporting advances the integrated thinking that underlies the interdependencies between financial and nonfinancial information. As a result, the quality of information is improved and material issues that have an impact on the business are identified.The ability of the company to create value over time is affected by a variety of circumstances, and integrated thinking takes these relationships into account. These elements include the capitals the company uses or its ability to respond to the legitimate needs and interests of key stakeholders; the way the company develops its business model and strategy to address the risks and opportunities it faces; and the firm's operations, performance, and results in terms of past, present, and future capitals (2013) The International Integrated Reporting Council (IIRC). The International Integrated Reporting Council (IIRC) divided the integrated reporting framework's content into guiding principles and content elements. The guiding concepts are strategic emphasis and future direction, information connectedness, stakeholder relationships, materiality, succinctness, completeness, and reliability, as well as consistency and comparability. While the content parts also cover the governance, business model, risk and opportunity, strategy and resource allocation, performance, outlook, company overview, and external environment, as well as the foundation for preparation and presentation 2015 (Schorger & Sewchurran).Companies, particularly those in the oil and gas sector, contribute significantly to economic growth and development, but they also to air, water, and land pollution. Selven et al. (2022) backed the notion that because numerous parties, such as the Environmental Pro...

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Section: Literature Reviewmentioning

confidence: 99%

Board Characteristics and Integrated Reporting of Listed Oil and Gas Companies in Nigeria: Moderating Role of Profitability

Garba,

PhD,

Ahmad Ph0044

2023

Int. J. Res. Publ. Rev.

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“…The extent to which a firm will meet up with its planned CSR as agreed by the board in a financial year largely depends on the board and firms characteristics such as the board diversity, board independence, board size, firm size, firm age etc. Nwude and Comfort (2021), Onipe and James (2021) and Adamu, et al (2020), asserted that there is a connection between the board of directors' characteristics, firms characteristics and corporate social responsibility. Firm characteristics can be seen as the wide varieties of information disclosed in the financial statement of business entities that serve as the predictors of the firm's quality of accounting information and performance.…”

Section: Introductionmentioning

confidence: 99%

Firm Characteristics and Corporate Social Responsibility of Listed Consumer Goods Sector Firms in Nigeria

Colma,

Etale

2024

GJAHSS

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This study assessed the impact of firm characteristics on corporate social responsibility (CSR) of listed consumer goods firms in Nigeria for the period of eleven years covering 2013 to 2023. The study adopted firm size and firm age as proxies for firm characteristics with the addition of firm growth (explanatory variables), while corporate social responsibility served as the response variable. Based on the ex post facto study design, secondary data collected from published financial statements of sampled five companies listed on the Nigerian Exchange Group were evaluated using Pearson correlation coefficient and multiple regression analysis based on OLS technique assisted by E-Views statistical software. The findings revealed that that firm size and firm growth had positive but insignificant impact on CSR, while firm age had negative insignificant effect on CSR practices of listed consumer goods firms in Nigeria. The study recommended that larger firms should dedicate specific departments or teams to CSR, while smaller firms can designate responsible individuals to CSR or outsource CSR functions if needed before implementing any CSR initiatives. Also, firms should conduct a thorough assessment of their competitive advantages and competencies in order to develop a comprehensive and sustainable CSR strategy that aligns with their business objectives, enhances their reputation, to satisfy the interest of all stakeholders in order to enjoy stable operations to enhance firm growth and sustainability.

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“…However, little attention was given to consumer goods companies in Nigeria; a sector that accounts for the largest number of companies on the NGX. For example, Adamu et al (2020) investigated how a board's characteristics influence corporate social responsibility (CSR) in consumer goods firms. Unfortunately, little is known about the effect of gender on financial performance in this sector.…”

Section: Introductionmentioning

confidence: 99%

Why is Gender Diversity Important for Corporate Boards?

Mustapha,

Adamu,

Abdullahi

2024

JCBAR

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The diversity of backgrounds, perspectives, abilities, and resources on boards improves a company’s performance. In recent times, board gender diversity has attracted the attention of policymakers, regulators, and academics. This study explored the influence of board gender diversity on corporate performance. The sample of the study consists of 15 consumer goods companies on the Nigerian Exchange Group (NGX) from 2012 to 2021. The study uses fixed effects regression to estimate the model. The evidence indicates that gender diversity ‘proxied’ by female directors on the boards has a positive outcome and significantly affects corporate performance. Hence, consumer goods companies may perform better as a whole if they have more female directors on their boards. The findings is consistent with prior study and with resource dependency theory. The study suggests that companies with zero female directors should hire them while those with a single female director should consider adding more since corporate performance will be improved as a result.

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The Relationship Between Corporate Social Disclosures and Board Characteristics: Evidence From Nigeria

Cited by 5 publications

References 12 publications

Board Characteristics and Integrated Reporting of Listed Oil and Gas Companies in Nigeria: Moderating Role of Profitability

Board Characteristics and Integrated Reporting of Listed Oil and Gas Companies in Nigeria: Moderating Role of Profitability

Firm Characteristics and Corporate Social Responsibility of Listed Consumer Goods Sector Firms in Nigeria

Why is Gender Diversity Important for Corporate Boards?

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