An Evaluation of Stakeholders and Accounting Teachers‟ Perception of Corporate Social and Environmental Disclosure Practice in Nigeria

The paper addresses a significant gap in the Corporate Social Environmental Disclosure literature indicated by the lack of studies that examine non-managerial stakeholders‟ perceptions of the practice. Recent calls in the CSER literature have emphasized the importance of giving voice to non-managerial stakeholders groups. This paper adopting the stakeholder theory examined the perceptions of stakeholders‟ and accounting teachers‟ toward CSER practice in Nigeria. The study with the aid of charts and the Analysis of variance, analyzed a total of 80 questionnaires that were administered to accountants of various groups. The paper as part of its finding observed that there was a variation in the perceptions accountants as it relates to corporate social environmental disclosure issues. the paper calls for more pro-active steps on the part government, accounting regulatory bodies and the academia to wake up to their responsibilities by issuing out policy statements and standards that will make it either voluntary or mandatory fo

Role of Corporate Governance in the Financial Crisis; Evidence from Nigerian Banks

Accessing problems from the perceived causes usually leads to a relief or solution. This paper examines corporate governance and the Nigerian financial crisis which was majorly characterised by poor credit risk management, with the aim to determine the relationship that exists between corporate governance and credit risk management. Secondary data were gathered from 19 listed Nigerian banks for a 5 year period between 2005 and 2009; the postconsolidation to financial sector crash in Nigeria. Corporate governance is measured by statutory committee, committee independence, board size, board composition, executive duality and directors’ interest; while credit risk management is measured by non–performing loans ratio, loan loss provision, and loan to deposit ratio. The data were analysed by Ordinary least square panel data analysis. Findings revealed that banks with good corporate governance have better credit risk management. Results of the hypotheses tests revealed that there is a significant relationship between corporate governance and the credit risk management variables: non–performing loans ratio; loan loss provision; and loans to deposits ratio. This paper recommends that directors of banks should ensure compliance with corporate governance policies for a more thorough administration of the financial syste

Corporate Regulation of Unethical Practices: Assessment of Nigeria’s Commercial Banking Industry

Evidently, a culture of due compliance has been eroded on multiple levels within Nigeria’s commercial banking industry. Hence, corporate values and professional ethics are being sacrificed on the grounds of; being competitive, returning impressive profit margins and increasing market share. Historical antecedents and emerging trends indicate the long term adverse effects of corporate malpractices, especially when left unmitigated by affected stakeholders. The appreciable decline in global oil prices has reenergized corporate regulatory oversight in Nigeria. The aim in this regard and as widely publicized; is to sanitize the wider business environment and importantly renew the public trust, domestically and internationally. Apparent trends of insider dealing practices subsist in Nigeria’s banking industry, even though very limited conclusive cases are available for exhaustive analysis. This fact is further validated by the various interventions of the requisite regulatory agencies, coupled with the local and international commentaries in this regards. Instructively, deployment of statutory-oversight by the requisite agencies has prevented a systemic collapse of banking industry. The paper also succinctly explored the essence of the stakeholder theory, as a basis to validate the necessity of corporate regulatory intervention. Relevant evidences, specific statutes and others verifiable sources utilized to expound on the theme of the paper. It is opined that there must be active collaborations between corporate stakeholders and the regulatory structures, particularly against the backdrop of Nigeria’s unfolding socio-economic peculiarities