THE INFLUENCE OF ENVIRONMENTAL SUPERVISORY AGENCIES ON ENVIRONMENTAL INFORMATION DISCLOSURE IN NIGERIA

Alhassan Haladu () and Basariah Bt. Salim ()
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Alhassan Haladu: Department of Accountancy, Tunku Puteri Intan Safinaz School of Accountancy (TISSA-UUM), College of Business, University Utara, Malaysia
Basariah Bt. Salim: Department of Accountancy, Tunku Puteri Intan Safinaz School of Accountancy (TISSA-UUM), College of Business, Universiti Utara, Malaysia

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2017

Abstract: Environmental reporting based on triple bottom line (TBL) reporting consists of three basic elements of profit, people and planet depicting economic, social and environmental information respectively. Past studies have tend to examine the relationships between these three collectively and other variables, especially corporate characteristics. Of greater concern to environmentalists however, is the dissemination of environmental information, which has been greatly ignored. This study is, therefore, an attempt to examine exclusively the relationship between pure environmental information disclosure and environmental monitoring agencies. Methodology: Using environmentally sensitive firms operating in Nigeria, the study employed content analysis and regression to determine the relationship covering the period 2009-2014. Findings: It concluded that both significant positive and negative relationships exists between environmental reporting and monitoring agencies. Research Implications: This shows that while Nigerian Stock Exchange contributes positively to environmental information disclosure, Department of Petroleum Resources and National Environmental Standards and Regulations Enforcement Agency are having a negative impact on environmental information dissemination. Practical Implications: There is a clear indication that the Department of Petroleum Resources and National Environmental Standards and Regulations Enforcement Agency are inefficient/ineffective. Originality/ The lack of treating environmental information dissemination independently from other elements of sustainability is what this study capitalized on. Furthermore, studying the influence of environmental monitoring agencies (NSE, DPR and NESREA) on environmental reporting is mostly overlooked by scholars.

Keywords: environmental supervisory agencies; sustainable environmental information; Nigerian Stock Exchange (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
Date: 2017
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http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_4_2017.pdf Revised version, 2017 (application/pdf)

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