BOARD EXPERIENCE AND ENVIRONMENTAL REPORTING: EVIDENCE FROM QUOTED MANUFACTURING FIRMS IN NIGERIA
Aniefor, Sunday Jones
Department of Accountancy
Delta State University of Science and Technology, Ozoro,
Mail: anieforjones@yahoo.com
Ekwueme, Chizoba M.
Department of Accountancy
Nnamdi Azikiwe University, Awka
Mail: cm.ekwueme@unizik.edu.ng
Abstract
This study determined the relationship between Board Experience and Environmental Reporting of quoted Manufacturing Companies in Nigeria ranging from 2008-2020. The study employed secondary data extracted from Nigeria Stock Exchange fact books, annual reports and accounts, stand-alone sustainability reports of sample firms. The study adopted Ex-post facto research design while the panel data sets were analyzed using Descriptive Statistics, Multicollinearity Test, and Hausman test via E-Views 10.0. The result revealed that there is a significant and positive relationship between board experience and environmental reporting; (t-Statistic = 2.319331; p-value = 0.0210 < 0.05); It was recommended inter alia that firms should consider increasing the number of experienced board members because this will contribute to improving corporate disclosure and consequently reduce information asymmetry, which not only clarifies the conflicts of interests between shareholders and management but also makes management more accountable.
Keywords: Sustainability, Board Experience and Environmental Reporting
