Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 154

Full Length Research Paper

Corporate governance and economic sustainability reporting in Nigeria

Olayinka Olalekan Moses
  • Olayinka Olalekan Moses
  • School of Management and Social Sciences, Pan Atlantic University, Lagos, Nigeria.
  • Google Scholar


  •  Received: 04 June 2021
  •  Accepted: 25 August 2021
  •  Published: 31 October 2021

Abstract

Economic sustainability reporting enhances the financial strength of the company by meeting the diverse needs of stakeholders. Whereas, financial performance covers about 25% of the economic sustainability performance indicators as indicated in the GRI-4. To this extent, the study helps to fill this gap by considering the effect of corporate governance on economic sustainability reporting in quoted companies on Nigerian Stock Exchange. This study adopted ex-post facto research design. The population of the study comprised 169 quoted companies on the Nigerian Stock Exchange (NSE) as at December 31, 2019. A sample of 42 quoted companies for the period of 10years (2010-2019) was selected. Data were extracted from published audited annual reports and accounts of the companies. Data were analyzed using descriptive and inferential statistics. The hypotheses were tested at 0.05 significance level. The findings revealed that board size, female director and board ownership have positive and significant effect on economic sustainability reporting of selected quoted companies in Nigeria while CEO duality has negative effect on economic sustainability reporting and independent director has insignificant effect. The study concluded that corporate governance promotes economic sustainability reporting. It was recommended that the shareholders of companies should appoint experienced board members that will enhance sustainability reporting appoint more directors with shareholding interest and include more female on the board, as they boost economic sustainability reporting.

 

Key words: Board independence, board ownership, board size, CEO duality, economic sustainability reporting, female directors.