THE MODERATING EFFECT OF CHIEF EXECUTIVE OFFICER OWNERSHIP ON FIRM ATTRIBUTES AND SUSTAINABILITY DISCLOSURE OF LISTED NON -FINANCIAL FIRMS IN NIGERIA
Ahmad, Alhaji Zubairu , Abu Seini Odudu, PhD and Yusuf Mohammed Aliyu, PhD
Volume 6 Issue 1
Abstract
The study investigates the moderating effect of CEO ownership on the relationship between firm’s attributes and sustainability reporting of non-financial firms listed on the Nigerian Exchange Group (NGX) between2018-2024. The study population comprised of 117 listed non-financial firms, out of which sample of 65 was selected using purposive sampling techniques, Secondary data was sourced from the audited financial reports of sampled firms. Panel multiple regression was employed for the analysis. The study revealed that PROF has positive insignificant relationships with sustainability disclosure index. While, FLEV has negative insignificant influence on sustainability disclosure index of the sampled firms. On the other hand, CEO has negative significant effect on sustainability disclosure index of listed non-financial firms in Nigeria. Furthermore, CEO has positive moderating role on PROF and sustainability disclosure index of listed non-financial firms in Nigeria. Finally, CEO has no negative insignificant moderating effect on FLEV and sustainability disclosure index of listed non-financial firms in Nigeria. The study recommends that policy makers should provide standards that mandate firms to report sustainability reporting. And also improve their reputation, by formalizing their sustainability reporting processes. The stakeholders of listed non-financial firms should provide a room that encourage the insiders ownership especially CEO ownership, this motivate the firms to meet the sustainability disclosure requirements. Keywords: Firms Attributes, Profitability, Financial Leverage, CEO Ownership, and Sustainability Disclosure
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