The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry

The objective of this study is to assess the effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry from 2008 to 2012. The population of the study includes nine (9) oil-marketing companies quoted on the Nigerian Stock Exchange (NSE...

Full description

Saved in:

Bibliographic Details
Main Author:	Pantamee, Abdurrahman Adamu
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/4586/1/s815272.pdf https://etd.uum.edu.my/4586/2/s815272_abstract.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uum-etd.4586
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Kamardin, Hasnah
topic	HF5601-5689 Accounting
spellingShingle	HF5601-5689 Accounting Pantamee, Abdurrahman Adamu The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry
description	The objective of this study is to assess the effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry from 2008 to 2012. The population of the study includes nine (9) oil-marketing companies quoted on the Nigerian Stock Exchange (NSE). However, the study utilized only seven (7) of the companies. The technique of data analysis adopted is the pooled OLS. The study made these findings among others; board composition, risk management committee composition, risk management committee meeting and blockholders ownership exhibit a significant positive relationship with corporate social responsibility disclosure of Nigerian petroleum marketing industry. While board meeting, risk management committee size and profitability reveal a significant negative relationship with corporate social responsibility disclosure in the Nigerian petroleum marketing industry. Consequently, the study recommends among others; that the board of directors of these petroleum-marketing companies should include corporate social responsibility disclosure programmes as part of their agenda to be discussed in the annual general meetings and also enlighten other stakeholders on the concept and its benefits when harmonized into the code of best practices. Findings of this study also support the importance of risk management committee in relation to corporate social responsibility in the oil marketing companies.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Pantamee, Abdurrahman Adamu
author_facet	Pantamee, Abdurrahman Adamu
author_sort	Pantamee, Abdurrahman Adamu
title	The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry
title_short	The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry
title_full	The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry
title_fullStr	The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry
title_full_unstemmed	The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry
title_sort	effect of corporate governance on corporate social responsibility disclosure in the nigerian petroleum marketing industry
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4586/1/s815272.pdf https://etd.uum.edu.my/4586/2/s815272_abstract.pdf
_version_	1776103651014606848
spelling	my-uum-etd.45862022-12-28T00:50:50Z The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry 2014 Pantamee, Abdurrahman Adamu Kamardin, Hasnah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting The objective of this study is to assess the effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry from 2008 to 2012. The population of the study includes nine (9) oil-marketing companies quoted on the Nigerian Stock Exchange (NSE). However, the study utilized only seven (7) of the companies. The technique of data analysis adopted is the pooled OLS. The study made these findings among others; board composition, risk management committee composition, risk management committee meeting and blockholders ownership exhibit a significant positive relationship with corporate social responsibility disclosure of Nigerian petroleum marketing industry. While board meeting, risk management committee size and profitability reveal a significant negative relationship with corporate social responsibility disclosure in the Nigerian petroleum marketing industry. Consequently, the study recommends among others; that the board of directors of these petroleum-marketing companies should include corporate social responsibility disclosure programmes as part of their agenda to be discussed in the annual general meetings and also enlighten other stakeholders on the concept and its benefits when harmonized into the code of best practices. Findings of this study also support the importance of risk management committee in relation to corporate social responsibility in the oil marketing companies. 2014 Thesis https://etd.uum.edu.my/4586/ https://etd.uum.edu.my/4586/1/s815272.pdf text eng public https://etd.uum.edu.my/4586/2/s815272_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abdullah, S. N. (2006) Director's remuneration, firm's performance and corporate governance in Malaysia among distressed listed companies. Corporate Governance, 6, 162-174. Abdur, M. R. (2011). The corporate social responsibility disclosure: A study of listed companies in Bangladesh. Business and Economics Research Journal, 3, 19-32. Aboody, D. & Kasznik, R. (2000). CEO stock option awards and the timing of corporate voluntary disclosures. Journal of Accounting and Economics 29, 73-100. Adams, C., Hill, W.Y., Roberts, C.B., 1995. Environmental, employee and ethical reporting in Europe. ACCA, London. Adams, C., Hill, W.Y., Roberts, C.B., 1998. Corporate social reporting practices in Western Europe: Legitimating corporate behaviour. British Accounting Review. 30, 1–21. Adegbite, E. & Nakajima, C. (2011). Corporate governance and responsibility in Nigeria. International Journal of Disclosure and Governance, 8, 252–271. Adenikinju, O. & Ayorinde, F. (2001). Ownership structure, corporate governance and corporate performance. The case of Nigerian quoted companies”. Report presented at the AERC biannual research workshop, Nairobi. Agrawal, A. & Knoeber C.R. (1996). Firm performance and mechanisms to control agency problems between managers and shareholders. Journal of Financial and Quantitative Analysis. 31, 377–97. Agrawal, A. & Mandelker, G. (1987). Managerial incentives and corporate investment and financing decisions. Journal of Finance, 42, 823-837. Agrawal, A. & Mandelker, G. (1990). Large shareholders and the monitoring of managers: The case of anti take over charter amendments. Journal of Financial and Quantitative Analysis, 25, 143-161. Agrawal, A., & Williamson A. (2006). Did New Regulations Target the Relevant Corporate Governance Attributes? Working paper, Georgetown University, 202, 687-3784. Ahmed, S. U., Islam, M. Z. & Hasan. I. (2012). Corporate social responsibility and financial performance linkage - Evidence from the Banking Sector of Bangladesh. Journal of Organizational Management. 1, 14-21. Aina, K. (2013). Board of directors and corporate governance in Nigeria. International Journal of Business and Finance Management Research, 1, 21-34. Ajide, F. M., & Aderemi, A. A. (2011). The effects of corporate social responsibility activity disclosure on corporate profitability: Empirical evidence from Nigerian commercial banks. Akhtaruddin, M., Hossain M. A., Hossain, M. & Yao, L. (2009). Corporate governance and voluntary disclosure in corporate annual reports of Malaysian listed firms. JAMAR, 7, 1-19. Akinpelu, Y. A., & Ogunbi, O. J. (2013). Corporate Social Responsibility Activities Disclosure by Commercial Banks In Nigeria. European Journal of Business and Management, 5(7), 173-185. Alhaji, I.S. (2014). Corporate Governance and Financial Reporting Quality in the Nigerian Oil marketing Industry.The 3rd Annual AFRA Conference, Makurdi Benue State. Alsaeed, K. (2006). The association between firm-specific characteristics and disclosure. Managerial Auditing Journal, 21, 476-496. Amaeshi, K. M., Adi, B. C., Ogbechie, C., & Amao, O. O. (2006). Corporate social responsibility in Nigeria. Journal of Corporate Citizenship, 2006(24), 83-99. Anderson, J. W. (1989). Corporate Social Responsibility, Greenwood Press, Connextreut. Anderson, J.C. & Frankle, A.W. (1980). Voluntary social reporting: An iso-beta portfolio analysis. The Accounting Review. 55, 467–479. Andrew, B.H., Gul, F.A., Guthrie, J.E & Teoh, H.Y. (1989). A note on corporate social disclosure practices in developing countries: The case of Malaysia and Singapore. British Accounting Review. 21, 371–376. Arlow, P. & Gannon, M. J. (1982). Social responsibility, corporate structure and economic performance, Academy of Management Review, 7, 235-241. Asteriou, D. and Hall, S. G. (2007). Applied econometrics: a modern approach usinf Eviews and microfit, New York, palgrave macmillian; USA. Baek, H., Johnson, D., & Joung, W. (2009). Managerial ownership, corporate governance and voluntary disclosure. Journal of Business and Economic Studies, 15, 44-61. Balgati, H.B. (2008). Forecasting with panel data. Journal of Forecasting, 27, 153-173. Barde, M. I. (2009). An Evaluation of Accounting Information Disclosure in the Oil and Gas Marketing Industry. A PhD Thesis submitted to Bayero University, Kano. Barnett, M. L. (2007). Stakeholder influence capacity and the variability of financial returns to corporate social responsibility. Academy of Management Review, 32, 794-816. Bathala, C. T., & Rao, R. P. (1995). The determinants of board composition: An agency theory perspective. Managerial and Decision Economics, 16, 59-69. Bear. S., Rahman, N., & Post, C. (2010). The effect of board diversity and gender composition on corporate social responsibility and firm reputation. Journal of Business Ethics 97, 207–221. Beattie, V. & Jones, M.J. (1992). The use and abuse of graphs in annual reports: Theoretical framework and empirical study. Accounting and Business Research. 22, 291–303. Beattie, V. & Jones, M.J. (1994). An empirical study of graphical format choices in charity annual reports. Financial Accountability and Management. 10, 215–236. Beekes, W. & Brown, P. (2006). Do better governed Australian firms make more informative disclosure? Journal of Business Finance an Accounting, 33, 422-450. Beltratti, A. (2005). The complementarity between corporate governance and corporate social responsibility. The Geneva Papers, 30, 373–386. Bhagat, S. & Black, B. (1999). The uncertain relationship between board composition and firm performance. Business Lawyer, 54, 921-963. Bino, A. & Tomar, S. (2006). Corporate governance and bank performance: Evidence from Jordanian banking industry. Australian Journal of Business and Management Research, 3, 30-39. Black, B. S. & Jang K. W. (2006). Predicting Firms’ Corporate Governance Choices: Evidence Journal of Corporate Finance, 12, 660-691. Boone, A. L., Field, L. C., Karpoff, J. M. & Raheja, C. G. (2007). The determinants of corporate board size and composition: An empirical analysis. Journal of Financial Economics 85, 66–101. Bowen H. R. (1953). Social Responsibilities of the Businessmen, Harper and Bros, New York. Bradbury, M. E. (1991). Characteristics of firms and voluntary interim earnings disclosure: New Zealand evidence. Pacific Accounting Review. 3, 37–62. Branco, M. C. & Rodrigues, L. L. (2006). Corporate Social Responsibility and Resource Based Perspectives, Journal of Business Ethics, 69, 111-132. Cadbury. (1992). The Cadbury Committee Reports: Financial Aspects of Corporate Governance. London: Burgess Science Press. Carroll, A. B. (1996). Ethics and Stakeholders Management, 3rd edition, Cicinator Ohio South-Western College Publishing. Chen, C. J. P. & Jaggi, B. (2000). Association between independent non-executive directors, family control and financial disclosures in Hong Kong. Journal of Accounting and Public Policy, 19, 285-310. Cheng and Courtenay (2006), “Board composition, regulatory regime and voluntary disclosure, The International Journal of Accounting, 41, 262-289. Cheng, S. (2008). Board size and the variability of corporate performance. Journal of Financial Economics, 87, 157–176. Chourou, S. M., Bedard, J., & Courteau, L. (2001). Corporate Governance and Earnings Management- Working Paper, Universite Laval, Canada. Chukkwu, O. A. & Sunday, O. (2013). Oil pipeline vandalism and Nigeria’s national security. Global Journal of Human Social Science, 13, 66-75. Clarke, J. (1998). Corporate Social Reporting, An Ethical Practice? In Gowthorpe, C and Blake, J (eds) Ethical Issues in Accounting, London Routldege. Clarke, J. & Gibson-Sweet, M. (1999). The use of corporate social disclosures in the management of reputation and legitimacy. Business Ethics: A European Review 8, 5–13. Company and Allied Matter Act (CAMA) 2004. Conoil Plc. (2009, 2010, 2011). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.africanfinancials.com/company_list. aspx?countryUID=11. Cooke, T. E. (1996). The influence of the Keiretsu on Japanese corporate disclosure. Journal of International Financial Management and Accounting. 7, 191–215. Cooke, T.E. (1992). The effect of size, stock market listing and industry type on disclosure in the annual reports of Japanese listed companies. Accounting and Business Research. 22, 229–237. Cormier, D. & Gordon, I.M. (2001). An examination of social and environmental reporting strategies. Accounting, Auditing and Accountability Journal. 14, 587–616. Cowen, S. S., Ferreri, L. B. & Parker, L. D. (1987). The effect of corporate characteristics on social responsibility disclosure: A typology and frequency based analysis. Accounting, Organizations and Society. 12, 111–122. Craswell, A. & Taylor, S. (1992). Discretionary disclosure of reserves by oil and gas companies: An economic analysis. Journal of Business Finance and Accounting. 19, 295–308. Dabor, E. L & Tijjani, B. (2011). Corporate Governance and Corporate Disclosure; in Dandago and Tijjani (ed) Corporate Governance and Social Responsibility. Department of Accounting Bayero University Kano. Dahya, J. & McConnell, J. J. (2005). Outside directors and corporate board decision. Journal of Corporate Finance, 11, 37-60. Dandago, K. I. (2010). Financial Reporting and Ethics, VI Publishing Limited, Lagos. Davies, A. (1999). A strategic approach to corporate governance. Vermont: Gower Publishing Ltd. Dechow, P. M., Sloan, R. G. & Hutton, A. P. (1996). Causes and Consequences of Earnings Manipulation; An Analysis of Firms Subject to Enforcement Actions by the SEC, Contemporary Accounting Research. working paper. Deegan, C. & Gordon, B. (1996). A study of the environmental disclosure practices of Australian companies. Accounting and Business Research. 26, 187–199. Deegan, C. & Rankin, M. (1996). Do Australian companies report environmental news objectively? An analysis of environmental disclosures by firms prosecuted successfully by the Environmental Protection Authority. Accounting, Auditing and Accountability Journal. 9, 52–69. Deegan, C. & Rankin, M. (2002). An examination of the corporate social and environmental disclosures of BHP from 1983–1997: A test of legitimacy theory. Accounting, Auditing and Accountability Journal. 15, 312–343. Dowling, J. & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational behaviour. Pacific Sociological Review. 18, 122–126. Edmans, A. (2008). Blockholders, market efficiency, and managerial myopia. Working Paper. Whartoon School (University of Pennsylvania). Emenuga, C. (1998). The Nigerian capital market and Nigeria’s economic performance. Proceedings of the One-Day Seminar of the Nigerian Economic Society, Ibadan, Nigeria. Eng, L.L. & Mak, Y.T. (2003). Corporate governance and voluntary disclosure. Journal of Accounting and Public Policy, 22, 325-345. Eterna Oil & Gas Plc. (2009, 2011). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.african financials.com/company_list.aspx?countryUID=11. Faruq, A. (2011). Corporate governance and corporate social responsibility in the Nigerian petroleum marketing industy. Bachelor of science project, Bayero University, Kano. Fernandez, F. B., Romero. S. & Ruiz, S. (2012). Does board gender composition affect corporate social responsibility reporting?. International Journal of Business and Social Science, 9, 134-143. Ford, H. A. J., Austin, R. P. & Ramsay, I. M. (1999). Ford’s Principle of Corporation’s. Law 9th edition, Butter Worths, Sydney. Forte Oil Plc. (2010, 2012). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.africanfinancials.com/company_ list.aspx?countryUID=11. Freedman, M. & Jaggi, B. (1982). Pollution disclosures, pollution performance and economic performance. The International Journal of Management Science. 10, 167–176. Frynas, J. G. (2010). Corporate social responsibility and societal governance: lessons from transparency in the oil and gas sector. Journal of Business Ethics, 93, 163–179. Ganiga, E. & Mele, D. (2004). Corporate Social Responsibility Theories: Mapping the Territory. Journal of Business Ethics 53, 51-71. Gertler, M., & Hubbard, R. G. (1991). Corporate Financial Policy, Taxation and Macroeconomic Risk. The RAND Journal of Economics, 24, 286-303. Godfrey, P. C. & Hateh, N. W. (2007). Researching corporate social responsibility; An agenda for the 21st century, Journal of Business Ethics, 70, 87-98. Gompers, P., Ishii, J. & Metrick, A. (2003). Corporate Governance and Equity Prices. Quarterly Journal of Economics, 118, 107-156. Gray, R., Kouhy, R., & Levers, S. (1995). Corporate social environment reporting; A review of the literature and longitudinal study UK disclosures accounting. Auditing and Accountability Journal. 8, 47-77. Greene, W. H. (2008). Econometric approach to efficiency analysis. Oxford University press; USA. Guest, P. M. (2009). The effect of board size on firm performance: evidence from the UK. The European Journal of Finance, 15, 385-404. Gujarati, D., 1995. Basic Econometrics. McGraw Hill, NY. Guthrie, J.E. & Parker, L.D. (1989). Corporate social reporting: A rebuttal of legitimacy theory. Accounting and Business Research. 19, 343–352. Guthrie, J.E. & Parker, L.D. (1990). Corporate social disclosure practice: A comparative international analysis. Advances in Public Interest Accounting. 3, 159–176. Hackston, D. & Milne, M.J. (1996). Some determinants of social and environmental disclosures in New Zealand companies. Accounting, Auditing and Accountability Journal 9, 77–108. Hair Jr, J. F., Anderson, R. E., Tatham, R. L., & William, C. Black. (1995). Multivariate data analysis, 4. Hamid, K. T. (2008). Assessment of the relationship between Corporate Governance and Internal Control System in the Nigerian Banking Industry. A PhD Thesis submitted to Bayero University, Kano. Hamid, K. T. (2013). Corporate governance princiles and practice. Workshop for staff of the Federal mortgage bank of Nigeria, green desert palm hotel ltd, Kano. Hanid, M., Siriwardena, M., & Koskela, L. (2011, September). What are the big issues in cost management?. In RICS Construction and Property Conference (p. 738). Haniffa, R.M. & Cooke, T.E. (2002). Culture, corporate governance and disclosure in Malaysian corporations. Abacus 38, 317–349. Haniffa, R.M. & Cooke, T.E. (2005). The effect of culture and governance on corporate social reporting. Journal of Accounting and Public Policy, 24, 391–430. Harte, G. & Owen, D. (1991). Environmental disclosure in the annual reports of British companies: A research note. Accounting, Auditing and Accountability Journal. 4, 51–61. Hassan, A. (2007). Determinants of corporate social performance, disclosure in the Nigerian foods and beverages Industry. M.Sc Dissertation, Bayero University, Kano. Healy, J. F. (2002). Statistics: A Tool for Social Research, 6th Edition, Wad Worth Thompson Learning, United States. Herremans, I.M., Akathaporn, P. & McInnes, M. (1993). An investigation of corporate social responsibility reputation and economic performance. Accounting, Organizations and Society, 18, 587–604. Ho, S.M. and Wong, K. S. (2001). A study of the relationship between corporate governance structures and the extent of voluntary disclosure. Journal of International Accounting, Auditing and Taxation, 10, 139-56. Hossain, M., Tan, M.L. & Adams, M.B. (1994). Voluntary disclosure in an emerging capital market: Some empirical evidence from companies listed on the KLSE. The International Journal of Accounting, 29, 334–351. Imam, M. O. & Malik. M. (2007). Firm Performance and Corporate Governance Through Ownership Structure: Evidence from Bangladesh Stock Market. International Review of Business Research Papers, 3, 88-110. Jensen, M. C. & Meckling, W. H. (1976). Theory of Firm Behaviour Agency Cost and Ownership Structure. Journal of Finance Economics, 3, 305-360. Jo, H. & Harjoto, M. A. (2011). Corporate governance and firm value: The effect of corporate social responsibility. Journal of Business Ethics, 103, 351–383. Jo, H. & Harjoto, M. A. (2012). The causal effect of corporate governance on corporate social responsibility. Journal of Business Ethics, 106, 53–72. Joh, S.W. (2003). Corporate governance and firm profitability: evidence from Korea before the economic crisis. Journal of Financial Economics, 68, 287–322. John, K. & Senbet, L. W. (1998). Corporate Governance and Board Effectiveness, Journal of Banking and Finance. 22, 371-403. Judge, W. Q., Naoumova, I., & Koutzevol, N. (2003). Corporate governance and firm performance in Russia: An empirical study. Journal of World Business, 38, 385-396. Kabara, A.S. (2013) Corporate Governance and Voluntary Disclosure by Firms in thye Downstream Sector of the Nigerian Petroleum Industry. MSc Dissertation Submitted to the School of Post Graduate Studies, Bayero University, Kano. Kajola, S. O. (2008). Corporate Governance and Firms’ Performance. European Journal of Economics. 14, 16-28. Kent, P. & Stewart, J. (2008). Corporate Governance and Disclosure on the Transition to International Financial Reporting. Journal of Accounting and Finance, 48, 649-671. Khan, A., Muttakin, M. B. & Siddiqui, J. (2012). Corporate governance and corporate social responsibility disclosures: Evidence from an emerging economy. Journal of Business Ethics, 14, 207–223. Khanchel, I. (2007). Corporate governance: measurement and determinant analysis. Managerial Auditing Journal, 22, 740-760. Klein, A. (2002). Audit committee board of director characteristics and earnings management. Journal of Accounting and Economics, 33, 375-400. Krejcie, R., Morgan, D., 1970. Determining sample size for research activities. Educational and Psychological Measurement. 30, 607–610. Krippendorff, K., 1980. Content Analysis: An Introduction to Its Methodology. Sage, London. Kurawa, J. M., & Kabara, A. S. (2014). Effect of Corporate Governance on Voluntary Disclosure by Firms in the Downstream Sector of the Nigerian Petroleum Industry. Proceedings of World Business Research Conference 21-23 April 2014. Lantos, G. P. (2001): The Boundaries of Strategic Corporate Social Responsibility. Journal of Consumer Marketing, 18, 595-632. Lantos, G. P. (2002): The Ethicality of Altruistic Corporate Social Responsibility. Journal of Consumer Marketing, 19, 205-232. Larcker, D., Richardson S, & Tuna, I. (2007). How Important is Corporate Governance? Working Paper University of Pennsylvania– The Kiharton School. Lehman, G. (1995). A legitimate concern for environmental accounting. Critical Perspectives on Accounting. 6, 393–412. Lewis, S. (2003). Reputation and Corporate Responsibility. Journal of Communication Management, 7, 356-366. Li, J. (1994). Ownership structure and board composition: A multi-country test of agency theory predictions. Managerial and Decisions Economics, 15, 359-368. Lincka, J. S., Nettera, J. M. & Yang, T. (2008). The determinants of board structure. Journal of Financial Economics 87, 308–328. Lindblom, C.K. (1994). The implications of organizational legitimacy for corporate social performance and disclosure. Working Paper for the American Accounting Association Public Interest Section, USA. Lorenzo, J. M.P., lvarez, I. G.A., Sanchez, I. M. G. & Dominguez, L. R. (2008). Social responsibility in Spain practices and motivations in firms. Management Decision Journal, 46, 1247-1271. Lu, X., Wang, J. & Dong, D. (2013). Busy boards and corporate performance. China Finance Review International, 3, 203-219. Maclagan, P. (1999). Corporate social responsibility as a participative process. Business Ethics: A European Review. 8, 43–49. Maharaj, R. (2008). Corporate governance decision-making model: How to nominate skilled board members, by addressing the formal and informal systems. International Journal of Disclosure and Governance, 6, 106–126. Malone, D., Fries, C. & Jones, T. (1993). An empirical investigation of the extent of corporate financial disclosure in the oil and gas industry. Journal of Accounting, Auditing and Finance. 8, 249–273. Mangos, N. C. & Lewis, N. R. (1995). A socio-economic paradigm for analysing managers_ accounting choice behaviour. Accounting, Auditing and Accountability Journal. 8, 38–62. Mathews, M.R. (1997). Twenty-five years of social and environmental accounting research: Is there a silver jubilee to celebrate? Accounting, Auditing and Accountability Journal. 10, 481–531. Mays, S. (2003). Corporate Sustainability– An Investor Perspective; The Mays Report, Department of Environmental and Heritage, Canberra. McKinnon, J. L., & Dalimunthe, L. (1993). Voluntary disclosure of segment information by Australian diversified companies. Accounting and Finance, 33, 33-50. Melo, T., & Morgado, A.G. (2011). Corporate reputation: A combination of social responsibility and industry. Corporate Social Responsibility and Environmental Management. 19, 11-31. Michelon, G. & Parbonetti, A. (2010). The effect of corporate governance on sustainability disclosure. Journal of Management Governance, 16, 477–509. Mobile Oil Nigeria Plc. (2009, 2011). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.africanfinancials.com/company_list. aspx?countryUID=11. Mordi, C., Opeyemi, I. S., Tonbara, M., & Ojo, S. (2012). Corporate Social Responsibility and the Legal Regulation in Nigeria. Petroleum-Gas University of Ploiesti Bulletin, Technical Series, 64(1). Mortazavi, H. P., Nejad, A. N. S., & Pormosa, H. (2013). Corporate social responsibility (CSR). Journal of Behavioral sciences in Asia. 4, 63-77. MRS Oil Nigeria Plc. (2009, 2010, 2012). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.africanfinancials.com/company_ list.aspx?countryUID=11. Muhammad, L. M. (2009) Managerial Ownership, Board Structure anf Firm Value: Evidence from listed Oil Companies in Nigeria. Department of Accounting. Ahmadu Bello University, Zaria. 2, 37-43. Musa, F.I. (2006). The Effect of Corporate Governance on the Performance and Value of Banks in Nigeria: An Agency Approach. Nigerian Journal of Accounting Research. 7, 22-34. Muth, M. M., & Donaldson, L. (1998). Stewardship theory and board structure: A contingency approach. Corporate Governance: An International Review, 6, 5-28. Myers, S. C. (1977). Determinants of corporate borrowing. Journal of Financial Economics 5, 147–175. Nazli, A., & Mohd, G. (2007). Ownership structure and corporate social responsibility disclosure: some Malaysian evidence. Corporate Governance, 7, 251-266. Newson, M. & Deegan, C. (2002). An exploration of the association between global expectations and corporate social disclosure practices in the Asia–Pacific region. The International Journal of Accounting. 37, 183–213. Nigerian National Petroleum Cooperation (NNPC), 2012. “Annual Statistical Bulletin”, Retrieved July 14, 2014, http://www.nnpcgroup.com/. Nuryaman, A. R. (2013). The effect of corporate social responsibility activities on profitability and stock price. Journal of Global Management, 6, 113-125. Oando Plc. (2008, 2009, 2010, 201, 20121). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.africanfinancials .com/company_list.aspx?countryUID=11. Odonovan, G. (2002). Environmental disclosures in the annual report: Extending the applicability and predictive power of legitimacy theory. Accounting, Auditing and Accountability Journal. 15, 344–371. Odwyer, B. (2002). Managerial perceptions of corporate social disclosure: An Irish story. Accounting, Auditing and Accountability Journal. 15, 406–436. Organization for Economic Co-operation and Development (OECD) (1999). OECD Principles of Corporate Governance. Paris. http://www.encycogov.com/. Accessed on 25/07/2014. Pallant, J. (2010). SPSS survival manual: A step by step guide to data analysis using SPSS. McGraw-Hill International. Patten, D. M. (1991). Exposure, legitimacy, and social disclosure. Journal of Accounting and Public Policy. 10, 297–308. Patten, D.M., (1992). Intra-industry environmental disclosures in response to the Alaskan oil spill: A note on legitimacy theory. Accounting, Organisations and Society. 17, 471–475. Paul Dunn, P. & Sainty, B. (2009). The relationship among board of director characteristics, corporate social performance and corporate financial performance. International Journal of Managerial Finance, 5, 407-423. Pava, M. L. & Krausz, J. (1996). The Association Between Corporate Social Responsibility and Financial Performance, The Paradox of Social Cost. Journal of Business Ethics, 15, 321-357. Pfeffer, J. & Salancik, G.R. (1978). The External Control of Organisations: A Resource Dependence Perspective. Harper and Row. Ratanajongkol, S., Davey, H., & Low, M. (2006). Corporate social reporting in Thailand: The news is all good and increasing. Qualitative Research in Accounting & Management, 3(1), 67-83. Roberts, R. W. (2004). Corporate Social Performance, Empirical Evidence On Canadian Firms. Research on Professional Responsibility and Ethics in Accounting, 9, 73-99. Roberts, R.W. (1992). Determinants of corporate responsibility disclosure. Accounting, Organisations and Society 17, 595–612. Said, R., Omar, N. & Abdullah, W. N. (2012). Empirical investigations on boards, business characteristics, human capital and environmental reporting. Social Responsibility Journal, 9, 534-553. Said, R., Yuserrie, H. J., Zainuddin, Y. H. & Haron, H. (2009). The relationship between corporate social responsibility disclosure and corporate governance characteristics in Malaysian public listed companies. Social Responsibility Journal, 5, 212-226. Sanda, A.U., Mikailu, A. S. & Garba, T. (2010). Corporate governance mechanisms and financial performance in Nigeria. Afro-Asian journal of Finance and Accounting. 1, 22-39. Schipper, K. (1981). Discussion of voluntary corporate disclosure: the case of interim reporting. Journal of Accounting Research. 19, 85–88. Sethi, S.P., 1979. A conceptual framework for environmental analysis of social issues and evaluation of business response patterns. Academy of Management Review. 4, 63–74. Sharfman, M. (1996). The construct validity of the kinder, lydenberg & domini social performance ratings data. Journal of Business Ethics 15, 287-296. Shleifer, A., & Vishny R. W. (1997): A Survey of Corporate Governance. Journal of Finance, 52, 737-783. Siregar, S. V. & Bachtiar, Y. (2010). Corporate social reporting: empirical evidence from Indonesia stock exchange. International Journal of Islamic and Middle Eastern Finance and Management, 3, 241–252. Stanwick, P. A. & Stanwick, S.D. (1998). The relationship between corporate social performance, and organizational size, financial performance, and environmental performance: An empirical examination. Journal of Business Ethics, 17, 195-204. Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review. 20, 571–610. Sunday, K. O. (2008). Corporate governance and firm performance: The case of Nigerian listed firms. European Journal of Economics, Finance and Administrative Sciences, 14, 16-28. Sutton, B., 1993. The Legitimate Corporation. Blackwell, England. Teoh, H. Y. & Thong, G. (1984). Another look at corporate social responsibility and reporting: An empirical study in a developing country. Accounting, Organizations and Society. 9, 189–206. Tilt, C.A. (1994). The influence of external pressure groups on corporate social disclosure: Some empirical evidence. Accounting, Auditing and Accountability Journal 7, 56–71. Total Nigeria Plc. (2009, 2010, 2011). Annual Report and Accounts. Retrieved July 15, 2014, from http://www.africanfinancials .com/company_list.aspx?countryUID=11. Trotman, K. T. & Bradley, G. W. (1981). Association between social responsibility disclosure and characteristics of companies. Accounting, Organizations and Society. 6, 355–362. Tsang, W.K. (1998). A longitudinal study of corporate social reporting in Singapore: The case of the banking, food and beverages and hotel industries. Accounting, Auditing and Accountability Journal. 11, 624–635. Turker, D. (2009). Measuring Corporate Social Responsibility: A Scale of Development Study. Journal of Business Ethnic, 85, 411-427. Unerman, J. (2000). Methodological issues-Reflections on quantification in corporate social reporting content analysis. Accounting, Auditing & Accountability Journal, 13, 667–681. Vafeas, N. (1999). Board meeting frequency and firm performance Journal of Financial Economics 53, 113-142. Villiers, C. D., Naiker, V. & Staden, C. J. V. (2011). The effect of board characteristics on firm environmental performance. Journal of Management, 37, 1636-1663. Vyakaram, S. (1992). Social Responsibility in the UK top 100 Companies, Cranfield Working Papers. Wallace, R. S. O., Naser, K. & Mora, A. (1994). The relationship between the comprehensiveness of companies annual reports and firms characteristics in Spain. Accounting and Business Research. 25, 41–53. Walls, J. L., Berrone, P. & Phan, P. H. (2012). Corporate governance and environmental performance: Is there really a link?. Strategic Management Journal, 33, 885–913. Wood, D. J. (1991). Corporate Social Performance Revisited. Academy of Management Review, 16, 691-718. Xiao, H., & Yuan, J. (2007). Ownership structure, board composition and corporate voluntary disclosure. Managerial Auditing Journal. 22, 604-619. Yao, S., Wang, J., & Song, L. (2011). Determinants of social responsibility disclosure by Chinese firms. The University of Nottingham-China Policy Institute. Discussion Paper, 72. Yongtao H. Y. & Andersen, M. L. (2011). The relationship between corporate social responsibility and earnings management: An exploratory study. Journal of Business Ethics, 104, 461–471. Zahra, S.A. & Pearce, W.W. (1989). The implications of Board of Directors_ composition on corporate strategy and performance. International Journal of Management. 5, 229–236. Zeghal, D. & Ahmed, S.A. (1990) Comparison of social responsibility information disclosure media used by Canadian firms. Accounting, Auditing and Accountability Journal. 3, 38–53.

The effect of corporate governance on corporate social responsibility disclosure in the Nigerian petroleum marketing industry

Similar Items