Regulatory perspective for deepening CSR disclosure practice in Nigeria

Adeyemi, Semiu Babatunde; Ayanlola, Olumide Samuel

doi:10.5897/ajbm2014.7499

Cited by 7 publications

(8 citation statements)

References 10 publications

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“…The findings of this study corroborates those of Adeyemi and Ayanlola (2015), who acclaimed that non-significant disclosure practice is due to the voluntary nature of environmental disclosure by the companies in Nigeria. However, the findings failed to align with Farooque et al (2010) study, who observed a significant increase in disclosure practice.…”

Section: Resultssupporting

confidence: 89%

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Environmental accounting disclosure practices of quoted manufacturing companies in Nigeria

Worimegbe

Oyewole

2021

GJBEM

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The study assessed the level of environmental disclosure practice of manufacturing companies in Nigeria. Anchored on the legitimacy theory, the ex-post facto research design was adopted by the study. The sample was drawn from the population of sixty quoted manufacturing companies on the floor of the Nigerian Stock Exchange as at 31 December, 2017 using the judgmental sampling technique. The study variables were sourced from the annual reports and the stand-alone environmental reports of the selected companies from 2007-2017. The Global Reporting Initiative (GRI) environmental disclosure index was adopted in assessing the disclosure practice of the companies over the years. The findings showed that the environmental disclosure practice of the quoted manufacturing companies was low in the areas of material, energy, emissions, effluent and waste, water and biodiversity. A good number of the manufacturing companies disclosed very well the theme “others” in the area of environmental expenditure and investment. The study further observed a non-significant statistical difference in the disclosure practice of manufacturing companies over the years (t = -1.440, p = .223). The study concluded that there exists no significant difference in the level of environmental disclosure practice of manufacturing companies in Nigeria from 2007 to 2017.

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Section: Resultssupporting

confidence: 89%

“…There are various frameworks that are available for reporting on the impact of economic activities on the environment (Adeyemi & Ayanlola, 2015;Jose & Lee, 2007). From the global perspective, the global reporting initiative (GRI) is one among other international environmental reporting guidelines (Jose & Lee, 2007).…”

Section: Introductionmentioning

confidence: 99%

Environmental accounting disclosure practices of quoted manufacturing companies in Nigeria

Worimegbe

Oyewole

2021

GJBEM

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“…Limited number studies have been conducted in this regard in the Nigerian perspective. Adeyemi and Ayanlola (2015) opine that voluntary CSR disclosure in Nigeria is haphazard and need to be regulated. Oba, Fodio and Soje (2012) investigated the relationship between disclosure of environmental information and profitability measured by return on capital employed (ROCE).…”

Section: Prior Empirical Studiesmentioning

confidence: 99%

Corporate Social and Environmental Disclosures and Market Value of Listed Firms in Nigeria

Okpala

Iredele

2019

CJFA

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This study examines the effect of corporate social environmental disclosure (CSED) on the market value of eighty-four (84) listed firms in Nigeria, which were purposively selected from the period 2011 to 2016. The aggregate of (CSED) were regressed on Market Value (Tobin's Q), while Firm size, financial performance, board size, leverage, affiliation to foreign company and industry type were factored in as extraneous variables. Data were obtained through content analysis of annual reports of sampled firms and were analysed through descriptive statistics and regression analysis. The result of the descriptive analysis showed that the mean score for the CSED is above average and the standard deviation for almost all the variables is low which indicated that the deviation of the actual data from their mean is not significant. The OLS result revealed that CSED, firm size, financial performance, affiliation with foreign company Okwy Peter Okpala, Oluwamayowa Olalekan Iredele 10 and industry type have significant effect on the market value of firms, while Board size and leverage do not significantly influence the market value of firms. The study recommends that firms should disclose information on their environmental performance as a way of adding value.

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“…The inability of Nigerian listed companies to provide investors with sufficient social, economic, governance and environmental information that will enable them to understand the risk profiles of such entities and permit informed judgement and decisions (Ovute, Eyisi & Amorji 2014) has created a misconception in the minds of prospective investors globally that Nigeria is a risky country for the flow of foreign direct investment (FDI) (Adeyemi & Ayanlola 2015). Furthermore, the corporate scandals of African Petroleum Plc, Cadbury Nigeria Plc and Lever Brothers Plc, Intercontinental Bank in Nigeria were traced to high unethical practices and little transparency in the published reports of quoted companies (Otusanya & Lauwo 2010).…”

Section: Introductionmentioning

confidence: 99%

Do corporate attributes drive integrated reporting amongst listed companies in Nigeria?

Adelowotan

Udofia

2021

Journal of Economic and Financial Sciences

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Research purpose: The purpose of this paper was to investigate the association between corporate attributes and the implementation of Integrated Reporting (IR) among quoted companies on the Nigerian Stock Exchange which currently operates a voluntary based disclosure environment.Design and method: Using content analysis to derive the disclosure scores for integrated reporting and corporate attributes, the authors investigated the impact of corporate attributes on the implementation of the integrated reporting of a sample of 90 listed firms. The annual reports covering 2013–2017 were analysed using the disclosure methodologies developed by prior researchers in IR. The hypotheses were tested using panel least square regressions.Main findings: The authors found that corporate attributes have a statistically positive and significant impact on the implementation of integrated reporting framework, that share ownership structure and firm age have an insignificant influence over corporate implementation of the integrated reporting framework. The research findings extend integrated reporting research in Nigeria from mere primary data analysis to quantitative data analysis.Practical implications: The empirical findings provide regulators with evidence on the current level of integrated reporting disclosures and the influence of corporate attributes in driving integrated reporting.Originality and value: The study makes significant contributions to integrated reporting literature from a developing country’s perspective. It also provided empirical evidence of a high level of disclosure compliance with the IR framework among quoted companies in Nigeria.

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Regulatory perspective for deepening CSR disclosure practice in Nigeria

Cited by 7 publications

References 10 publications

Environmental accounting disclosure practices of quoted manufacturing companies in Nigeria

Environmental accounting disclosure practices of quoted manufacturing companies in Nigeria

Corporate Social and Environmental Disclosures and Market Value of Listed Firms in Nigeria

Do corporate attributes drive integrated reporting amongst listed companies in Nigeria?

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