MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES
The focus of this study is on the assessment of environmental disclosure: the moderating effect of firm attributes and foreign-domestic ownership ratio with specific interest on the role of firm size, leverage and profitability. Secondary data retrieved from the annual reports of oil and gas quoted...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2020-04-01
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| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/18 |
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| author | Christian Iyafekhe Osamagbe Annabel Utomwen Osamagbe Annabel Utomwen Nelson Oke Egware Imuetinyan Eguavoen |
| author_facet | Christian Iyafekhe Osamagbe Annabel Utomwen Osamagbe Annabel Utomwen Nelson Oke Egware Imuetinyan Eguavoen |
| author_sort | Christian Iyafekhe |
| collection | DOAJ |
| description |
The focus of this study is on the assessment of environmental disclosure: the moderating effect of
firm attributes and foreign-domestic ownership ratio with specific interest on the role of firm size,
leverage and profitability. Secondary data retrieved from the annual reports of oil and gas quoted
companies on the stock exchange of Nigeria was employed in the study. The study period spans from
2010-2018 and the Generalized Least Squares (GLS) regression was used for the estimation of the
specified models. The findings of the study show that profitability has a significant impact on
environmental reporting of oil and gas quoted companies in Nigeria while leverage and company
size have no significant impact on environmental reporting of oil and gas quoted companies in
Nigeria. The study further revealed a significant moderating effect of foreign-domestic ownership
ratio on the relationship between firm size, leverage, Profitability and environmental reporting. The
study recommends that firms that are well to do financially should pay more attention to
environmental reporting and firms should improve their environmental performance irrespective of
their leverage. The study further recommends that both small and big firms need to improve their
environmental performance and the presence of more foreign-domestic ownership should lead to
more robust disclosures of environmental issues.
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| first_indexed | 2024-12-12T16:44:58Z |
| format | Article |
| id | doaj.art-b4120ad978ea4630be48ad34a7c1a116 |
| institution | Directory Open Access Journal |
| issn | 2756-665X |
| language | English |
| last_indexed | 2024-12-12T16:44:58Z |
| publishDate | 2020-04-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj.art-b4120ad978ea4630be48ad34a7c1a1162022-12-22T00:18:30ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2020-04-0111MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIESChristian Iyafekhe0Osamagbe Annabel Utomwen1Osamagbe Annabel Utomwen2Nelson Oke Egware3Imuetinyan Eguavoen4University of BeninUniversity of BeninUniversity of BeninUniversity of BeninUniversity of Benin The focus of this study is on the assessment of environmental disclosure: the moderating effect of firm attributes and foreign-domestic ownership ratio with specific interest on the role of firm size, leverage and profitability. Secondary data retrieved from the annual reports of oil and gas quoted companies on the stock exchange of Nigeria was employed in the study. The study period spans from 2010-2018 and the Generalized Least Squares (GLS) regression was used for the estimation of the specified models. The findings of the study show that profitability has a significant impact on environmental reporting of oil and gas quoted companies in Nigeria while leverage and company size have no significant impact on environmental reporting of oil and gas quoted companies in Nigeria. The study further revealed a significant moderating effect of foreign-domestic ownership ratio on the relationship between firm size, leverage, Profitability and environmental reporting. The study recommends that firms that are well to do financially should pay more attention to environmental reporting and firms should improve their environmental performance irrespective of their leverage. The study further recommends that both small and big firms need to improve their environmental performance and the presence of more foreign-domestic ownership should lead to more robust disclosures of environmental issues. https://journals.gujaf.com.ng/index.php/gujaf/article/view/18Company sizeEnvironmental disclosureProfitabilityForeign-domestic ownership ratio |
| spellingShingle | Christian Iyafekhe Osamagbe Annabel Utomwen Osamagbe Annabel Utomwen Nelson Oke Egware Imuetinyan Eguavoen MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES Gusau Journal of Accounting and Finance Company size Environmental disclosure Profitability Foreign-domestic ownership ratio |
| title | MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES |
| title_full | MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES |
| title_fullStr | MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES |
| title_full_unstemmed | MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES |
| title_short | MODERATING EFFECT OF FOREIGN-DOMESTIC OWNERSHIP RATIO ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE IN NIGERIAN OIL AND GAS QUOTED COMPANIES |
| title_sort | moderating effect of foreign domestic ownership ratio on firm attributes and environmental disclosure in nigerian oil and gas quoted companies |
| topic | Company size Environmental disclosure Profitability Foreign-domestic ownership ratio |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/18 |
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