EXAMINING THE MODERATING EFFECT OF INDUSTRY TYPE ON THE RELATIONSHIP BETWEEN BOARD BUSYNESS AND CORPORATE SUSTAINABILITY REPORTING: EVIDENCE FROM NIGERIAN LISTED FIRMS

Abstract

This study examines the impact of industry type on the relationship between busy board and corporate sustainability reporting. The study adopts quantitative research design using a panel data approach and data were collected from annual reports of 94 companies listed on the Nigerian Exchange Group (NGX) for the period of seven years (2016 to 2022). Panel corrected standard error (PCSE) was used to analyze the data. The results shows that there is no significant relationship between busy board and corporate sustainability reporting. However, the findings shows that there is positive significant relationship between industry type and corporate sustainability reporting. Furthermore, it was found that, industry type significantly influences the relationship between busy board and corporate sustainability reporting. The study recommends that, companies should regularly reassess their board composition to ensure alignment with sustainability objectives, prioritizing the appointment of directors with relevant expertise and a commitment to sustainability, despite the study\u27s finding of a negative and insignificant relationship between busy boards and sustainability reporting. Similarly, regulatory agencies should develop tailored reporting standards that consider industry-specific challenges and opportunities