BOARD MEMBERS’ EDUCATION DIVERSITY AND SUSTAINABILITY REPORTING

Nusirat Ojuolape Gold, Hope Osayantin Aifuwa, Muhammed Kamaldeen Usman, Muhammed Lawal Subair, Albert Osazevbaru and Betsy Moroyin, Oloyede
Additional contact information
Nusirat Ojuolape Gold: Department of Accounting and Finance, School of Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria, Tel.: +2348038881402, Postal: Department of Accounting and Finance, School of Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria, Tel.: +2348038881402
Hope Osayantin Aifuwa: Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo State, Nigeria, Tel.: +2348113232082, Postal: Department of Accounting, Faculty of Management Sciences, University , of Benin, Benin City, Edo State, Nigeria, Tel.: +2348113232082,
Muhammed Kamaldeen Usman: Department of Accounting and Finance, School of Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria, Tel.: +234803116341,, Postal: Department of Accounting and Finance, School of Humanities, Management and Social Sciences, Kwara State University, Malete, Kwara State, Nigeria, Tel.: +234803116341,
Muhammed Lawal Subair: Accountancy Department, Kwara State Polytechnic, Ilorin, Tel: +2348064181712, Postal: Accountancy Department, Kwara State Polytechnic, Ilorin, , Tel: +2348064181712
Albert Osazevbaru: Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo State, Nigeria,, Postal: Department of Accounting, Faculty of Management Sciences, University , of Benin, Benin City, Edo State, Nigeria, ,
Betsy Moroyin, Oloyede: Statistics Department, Central Bank of Nigeria, Tel.: +2349073395999; +2348133451459, Postal: Statistics Department, Central Bank of Nigeria, Tel.: +2349073395999; +2348133451459

Annals of Spiru Haret University, Economic Series, 2021, vol. 21, issue 1, 109-131

Abstract: The objective of this study is to investigate the influence of an educationally diverse board on sustainability reporting of listed consumer goods in Nigeria for the period 2014-2019. We developed a sustainability disclosure index using the Global Reporting Initiative (GRI) guidelines to score the information content of annual reports relating to sustainability performance. Board members’ education level and background were used to proxy education diversity in the boardroom. We employed descriptive and inferential statistics to summarize the data and to draw an inference on the population studied. Results from the panel least squares regression revealed that board educational background diversity positively and significantly affects the sustainability reporting of consumer goods firms in Nigeria. However, we found no evidence on the nexus between diversity in the level of education of board members and sustainability reporting. The study concluded that board education diversity influences sustainability reporting in Nigeria. Consumer goods firms should frequently conduct workshops and symposiums on environmental and social reporting issues for their board members and employ directors from a diverse educational background into the board.

Keywords: education level diversity; education background diversity; sustainability reporting; global reporting initiative; consumer goods firms (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2021
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