6 research outputs found
Modelling the Effect of Income and Car Ownership on Recreational Trip in Akure ,Nigeria
The effect of income and car ownership on
recreational trip pattern in the study area was analysed,
focusing on the frequency of trips, modal choice and the land
use pattern. It is an attempts to extend research on travel
characteristics and behaviour to cities of the developing world with focus on Akure metropoli
An Assessment of Sustainability Disclosures in Oil and Gas Listed Companies in Nigeria
The paper aims to evaluate the extent of sustainability disclosure in the annual report’s oil and gas industries. The study retrieves secondary data on
sustainability disclosure for 10 years (2010 - 2019) from eight oil and gas industries listed in the Nigerian stock exchange through a desktop approach
and content analysis methodology. Content analysis of the sustainability disclosure is to identify items of sustainability disclosed in the annual reports.
The paper assesses the extent of disclosure by adopting the global reporting initiative’s scoring index. Findings from the analysis indicate a very lowlevel
climate change and environmental pollution disclosure. Only 13.8% of the companies disclosed their impact on climate change and environmental
pollution. On the contrary, all the companies revealed their community investment, which this paper regards as legitimizing smokescreen ecological
pollution. The paper contributes to the literature by connecting the legitimacy theory to the decoying sustainability disclosure of oil and gas companies
in Nigeria. In conclusion, the study recommends more stringent sustainability disclosure policies for the oil and gas to provide more information for
environmental and climate change advocates and investors in censuring the companies, which might instill improved environmental compliance
Corporate ethical standard and the quality of sustainability reporting: empirical evidence from commercial banks in nigeria
Compliance with legal requirements is mandatory for corporate entities in Nigeria,
but decision making in a situation that is not legally binding relies on the ethical standard of the
company. Sustainability reporting in Nigeria is voluntary, therefore the quality of disclosure is
at the discretion of company leadership. This study evaluated the ethical behaviour of Nigerian
commercial banks and how it affects their sustainability disclosure quality. The Focus was on
the proportion of each bank’s corporate annual reports that contain environmental disclosure,
social responsibility disclosure and governance disclosure. Information on the banks’ websites
that relate to sustainability policies or activities were also considered. This work includes an
extensive review of relevant literature, hinging the study on legitimacy theory. The Crosssectional
research design was utilized in undertaking the study. A sample of fourteen (14)
commercial banks was selected from the companies listed on the Nigerian stock exchange and
analysed for a period of 2008-2017 financial years. Pearson Correlation and Multivariate
Linear model analysis were employed to test the hypotheses. Findings revealed a positive
relationship between corporate ethical standard and sustainability disclosure of Nigerian
commercial banks. The level of corporate ethical standard in Nigerian banks causes significant
positive change in environmental reporting quality, social responsibility reporting quality and
governance reporting quality. It is hereby, recommended that company leadership should build
strong corporate ethical culture since it directly affects their sustainability. While quality
sustainability reporting practice is beneficial to the reporting entity, stakeholders and
environment
Corporate environmental reputation management and financial performance of environmentally sensitive companies in Nigeria
Business activities have direct and indirect effects on their immediate environment. The degree of impact a business venture would have on the environment depends on the nature of business. This work examines the impact of environmental reputation management on the financial performance of environmentally sensitive companies in Nigeria. This work includes an extensive review of relevant literature, hinging this research on stakeholder theory. Data were gathered from corporate annual reports and sustainability reports sourced on-line. The analytical research design was utilised in undertaking the study. A sample of 46 companies was selected from public limited liability companies listed on the Nigerian stock exchange and operating in environmentally sensitive sectors. The corporate reports were analysed from 2008 to 2017 financial years. Linear Regression analysis was employed to test the hypothesis. Findings revealed a significant positive relationship between corporate environmental reporting quality and financial performance; reputation risk management and financial performance of environmentally sensitive companies in Nigeria. The level of environmental reporting quality by environmentally sensitive companies in Nigeria causes 13.1% change in the financial performance of the reporting company. Corporate reputation risk management of environmentally sensitive companies in Nigeria causes 11.4% change in the company’s financial performance. It is hereby, recommended that environmentally sensitive companies should ensure high-quality environmental reputation management to achieve their profit maximisation aim. This high-level environmental management contributes to the achievement of the fifteenth sustainable development goal (life on land), set to attain sustainable management of forests, freshwater and ecosystem
Neither Principles Nor Rules: Making Corporate Governance Work in Sub-Saharan Africa
Open Access articleCorporate governance is often split between rulebased
and principle-based approaches to regulation in different
institutional contexts. This split is often informed by the
types of institutional configurations, their strengths, and the
complementarities within them. This approach to corporate
governance regulation is mostly discussed in the context of
developed economies and their regulatory demands. However,
in developing and weak market economies, such as in
Sub-Saharan Africa, there is no such explicit split and the
debates on such contexts in the comparative corporate governance
literature have been meagre. Nonetheless, there are
sparks of good corporate governance practices in the region.
Drawing from institutional theory and a case study of a largest
economy, we explore the appropriateness or suitability of
corporate governance regulatory frameworks in Sub-Saharan
Africa. Our findings suggest that Nigeria needs an integrated
system that combines elements of both rule-based and principle-
based regulation, supported by a multi-stakeholder coregulation
strategy. This paper departs from the mainstream
rule-based and principle-based categorisations by forging
ahead new perspectives on corporate governance regulation,
especially in weak market economies