Political Connection, Board Characteristics and Environmental Disclosure in Nigeria
The study aims at examining the relationship between political connection, board characteristics and environmental disclosures in Nigerian quoted firms.It adopts the quantitative approach using an unbalanced panel data of 142 firms for a five year period 2009–2013 obtained from the annual reports of...
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| Format: | Article |
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American Scientific Publishers
2017
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| _version_ | 1825804957668868096 |
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| author | Osazuwa, Nosakhare Peter Che Ahmad, Ayoib Che Adam, Noriah |
| author_facet | Osazuwa, Nosakhare Peter Che Ahmad, Ayoib Che Adam, Noriah |
| author_sort | Osazuwa, Nosakhare Peter |
| collection | UUM |
| description | The study aims at examining the relationship between political connection, board characteristics and environmental disclosures in Nigerian quoted firms.It adopts the quantitative approach using an unbalanced panel data of 142 firms for a five year period 2009–2013 obtained from the annual reports of the firms.Environmental disclosure is measured using content analysis of the annual report to arrive at an index score for each company. The panel random effect model was utilised in estimating the environmental disclosure model. The result provides support for the legitimacy and agency theories, as the study found political connection, board size and foreign presence positively related to environmental disclosure, while board meetings was negatively related. It is recommended that the board of director’s characteristics should be taken into consideration by all organisational stakeholders interested in ensuring corporate transparency and environmental sustainability. There is also need for management of companies to consider political connections as it is highly useful in regions with weak institutions.The study contributes to the literature by providing pioneering evidence of the relationship between political connection and environmental disclosure.Also, the study provides further support on the inconclusive results in the literature between board characteristics and environmental disclosure.Further, the study is one of the few Nigerian studies to provide evidence on environmental disclosure determinants using a panel data structure.Lastly, the study tests legitimacy and agency theories within a developing market like Nigeria. |
| first_indexed | 2024-07-04T06:24:06Z |
| format | Article |
| id | uum-23627 |
| institution | Universiti Utara Malaysia |
| last_indexed | 2024-07-04T06:24:06Z |
| publishDate | 2017 |
| publisher | American Scientific Publishers |
| record_format | eprints |
| spelling | uum-236272018-03-15T01:33:13Z https://repo.uum.edu.my/id/eprint/23627/ Political Connection, Board Characteristics and Environmental Disclosure in Nigeria Osazuwa, Nosakhare Peter Che Ahmad, Ayoib Che Adam, Noriah HF5601 Accounting The study aims at examining the relationship between political connection, board characteristics and environmental disclosures in Nigerian quoted firms.It adopts the quantitative approach using an unbalanced panel data of 142 firms for a five year period 2009–2013 obtained from the annual reports of the firms.Environmental disclosure is measured using content analysis of the annual report to arrive at an index score for each company. The panel random effect model was utilised in estimating the environmental disclosure model. The result provides support for the legitimacy and agency theories, as the study found political connection, board size and foreign presence positively related to environmental disclosure, while board meetings was negatively related. It is recommended that the board of director’s characteristics should be taken into consideration by all organisational stakeholders interested in ensuring corporate transparency and environmental sustainability. There is also need for management of companies to consider political connections as it is highly useful in regions with weak institutions.The study contributes to the literature by providing pioneering evidence of the relationship between political connection and environmental disclosure.Also, the study provides further support on the inconclusive results in the literature between board characteristics and environmental disclosure.Further, the study is one of the few Nigerian studies to provide evidence on environmental disclosure determinants using a panel data structure.Lastly, the study tests legitimacy and agency theories within a developing market like Nigeria. American Scientific Publishers 2017 Article PeerReviewed Osazuwa, Nosakhare Peter and Che Ahmad, Ayoib and Che Adam, Noriah (2017) Political Connection, Board Characteristics and Environmental Disclosure in Nigeria. Advanced Science Letters, 23 (9). pp. 9356-9361. ISSN 1936-6612 http://doi.org/10.1166/asl.2017.10480 doi:10.1166/asl.2017.10480 doi:10.1166/asl.2017.10480 |
| spellingShingle | HF5601 Accounting Osazuwa, Nosakhare Peter Che Ahmad, Ayoib Che Adam, Noriah Political Connection, Board Characteristics and Environmental Disclosure in Nigeria |
| title | Political Connection, Board Characteristics and Environmental Disclosure in Nigeria |
| title_full | Political Connection, Board Characteristics and Environmental Disclosure in Nigeria |
| title_fullStr | Political Connection, Board Characteristics and Environmental Disclosure in Nigeria |
| title_full_unstemmed | Political Connection, Board Characteristics and Environmental Disclosure in Nigeria |
| title_short | Political Connection, Board Characteristics and Environmental Disclosure in Nigeria |
| title_sort | political connection board characteristics and environmental disclosure in nigeria |
| topic | HF5601 Accounting |
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