IMPACT OF CORPORATE BOARD SIZE ON SUSTAINABILITY REPORTING QUALITY OF QUOTED MANUFACTURING FIRMS IN NIGERIA
Hyellaki, Javan, Abbas, Abdulrahman Ngadi and Abubakar Mohammed
Volume 4 Issue 2
Abstract
This study investigates the impact of corporate board size on sustainability reporting quality of quoted manufacturing firms in Nigeria. Due to nature of the study, data were extracted from the annual reports, sustainability reports, and accounts of chosen firms quoted on Nigerian Growth Exchange (NGE), their annual reports, and the Global Reporting Initiative (GRI). The sample is composed of all the thirty-three (33) quoted manufacturing firms for the period of five years (2018 – 2022). The panel data gathered was analyzed using descriptive statistic, correlation and ordinary least square. This study reveals that there is an impact of corporate board size on sustainability reporting quality of quoted manufacturing firms in Nigeria which is positively significant. The finding indicates that a larger corporate board size is associated with a higher quality of sustainability reporting among quoted Nigerian manufacturing firms. This suggests that a larger board size can significantly contributes to better corporate governance and sustainability practices in Nigeria. Based on the findings, the study suggested that manufacturing firms should provide a policy implication for the board directors of Nigerian listed companies to enhance board size in order to improve corporate governance and environmental sustainability. Moreover, the study also recommends that manufacturing firms should encourage large size of board in order to facilitate quality disclosure of sustainability developments so also to meet up with the demands of stakeholders. Keywords: Corporate Board Size, Sustainability Reporting Quality, Manufacturing Firms
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