Corporate Governance and environmental disclosures of listed companies in the oil and gas sector in Nigeria
- Dr. Taleatu Akinwumi
- Ibafo Financial Accounting 2023
- x;, 66pgs.
ABSTRACT The purpose of this study is to investigate the effect of corporate governance on environmental disclosure of listed companies in the Nigerian oil and gas sector. Secondary data from the annual reports and financial statements of the publicly traded firms for a period of ten years (2013-2022) was used as the main source of data collection. Ten (10) oil and gas companies listed on the Nigerian Exchange Group (NGX) were chosen using census sampling technique because all the listed oil and gas companies were included in the study. Mean and standard deviations were used to answer the research questions while simple linear regression and multiple linear regression was used to test the hypotheses of the study. Contrary to initial expectations, the research documented that all variables (Table 4.16), including board independence (β = -0.067, t-value = -0.495, p = 0.05, sig = 0.622), board size(β = -0.003, tvalue = -0.021, p = 0.05, sig = 0.983), board meeting(β = 0.004, t-value = 0.030, p = 0.05, sig = 0.976) and board gender diversity (β = 0.050, t-value = 0.370, sig. = 0.712) showed statistically insignificant effects on environmental disclosure practices. As a result, the study’s conclusion is that corporate governance does not exert a significant influence on environmental disclosures. These study recommends for a deeper understanding of the intricate dynamics between corporate governance and environmental disclosure in the context of the oil and gas industry in Nigeria. Keywords: Board gender diversity, board independence, board meeting, board size, corporate governance, environmental disclosure