Board Characteristics and Corporate Social Disclosure of Listed Firms in Nigeria
Board Characteristics and Corporate Social Disclosure of Listed Firms in Nigeria
Author(s): Stella Ogechukwu Okezie, Rose Alichi, Michael Chidiebere EkweSubject(s): Business Economy / Management, Management and complex organizations, Present Times (2010 - today)
Published by: Editura Fundaţiei România de Mâine
Keywords: corporate disclosure; board meeting frequency; board independence; social disclosure; normality;
Summary/Abstract: This study examined board characteristics and corporate social disclosure of listed firms in Nigeria. Five (5) years’ time series and cross sectional data from 2016-2020 was sourced from the annual financial reports of the firms in the study. Diagnostic test was done on the data and panel least squares regression method of data analysis was employed. The results indicated that board size and frequency of board meetings have no significant effect on corporate social disclosure while board independence was positive and significant for corporate social disclosure of listed firms in Nigeria. On the basis of these findings, the study recommended that independence of the board should be sustained in order to achieve a higher degree of corporate social disclosure that will promote better environmental well - being for all.
Journal: Annals of Spiru Haret University. Economic Series
- Issue Year: 21/2021
- Issue No: 4
- Page Range: 515-537
- Page Count: 23
- Language: English