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VOL. 6, ISSUE 4 (2024)
Determinants of environmental disclosure of listed oil and gas marketing companies in Nigeria
Authors
Suleiman Ahmed Hadiza, Haruna Hafsat Ruggah
Abstract
This paper looks at the relationship between listed oil and gas
marketing businesses in Nigeria's environmental disclosure, foreign
relationships, and corporate size. The paper sourced data from the annual
reports and accounts of ten (10) listed oil and gas marketing businesses that
have been listed on the Nigeria Exchange Group for a period of ten years, from
2011 to 2020, using a longitudinal method.
The paper utilizes the content analysis to obtain environmental disclosure
information as required by the Global Reporting Initiative (GRI) 11, 2021 and
employed the regression method for data analysis. The findings of the study
indicates that there is a significant relationship between company size and
environmental disclosure as shown from the p-value of 0.000, while there is no
significant relationship between foreign affiliation and environmental
disclosure of listed oil and gas marketing businesses in Nigeria as revealed
from the p-value of 0.0092. The study recommends that management
of these listed oil and gas marketing businesses to keep up their environmental
disclosure practices. Even though environmental disclosure is not currently
required, larger companies should still push smaller ones to adopt it as a
corporate policy. This can be accomplished by imparting their environmental
disclosure knowledge to Nigeria's smaller oil and gas marketing businesses. The
study also suggests that the management of these publicly traded oil and gas
marketing businesses be urged to follow the lead set by their overseas
counterparts in terms of environmental disclosure. By owning shares in or
subsidiaries in other nations, as well as having foreign directors on their
board of directors, the management of listed oil and gas marketing businesses
should absorb the environmental disclosure procedures of its international
association.
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Pages:1-7
How to cite this article:
Suleiman Ahmed Hadiza, Haruna Hafsat Ruggah "Determinants of environmental disclosure of listed oil and gas marketing companies in Nigeria". International Journal of Finance and Commerce, Vol 6, Issue 4, 2024, Pages 1-7
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