A board meeting is an avenue for directors of an organization to carry out their oversight and mo... more A board meeting is an avenue for directors of an organization to carry out their oversight and monitoring functions as well as discuss and meet the request and needs of the stakeholders. Corporate strategies of an organization are taken and implemented when board members meet. Leaning on this fact, this study examined the impact of board meetings on sustainability reporting in listed deposit money banks in Nigeria. A sample of ten (10) listed deposit money banks from 2014 to 2020 was conveniently selected. Descriptive and inferential statistics (panel least squares and logistic regression) was employed to summarize the data and to draw an inference on the population studied. Results from both the panel least squares regression and the binary logit regression revealed that board meetings have no significant impact on sustainability reporting of listed deposit money banks in Nigeria after controlling corporate administration and firm-level attributes. The study concluded that board me...
The aim of this study is to investigate the relationship between board ethnicity and sustainabili... more The aim of this study is to investigate the relationship between board ethnicity and sustainability reporting of listed deposit money banks in Nigeria from the period 2013–2020. The study examined the impact board members’ interaction from major and minor ethnic groups have on the sustainability reporting of listed deposit money banks. Secondary data was collected from annual reports and account of listed deposit money banks from the Nigeria Stock Exchange website. Results from the panel least squares regression revealed that the proportion of directors from HAUSA ethnic group have a positive influence on sustainability reporting; while the proportion of directors from YORUBA ethnic group negatively affects sustainability reporting. Furthermore, on the example of major and minor ethnic groups, it was found that the presence of directors from HAUSA and YORUBA ethnic groups; and HAUSA, YORUBA, IGBO and MINOR ethnic groups have negative and significant impact on sustainability reportin...
The incessant corporate scandals engulfing the corporate world today calls for great concern, als... more The incessant corporate scandals engulfing the corporate world today calls for great concern, also even the so-called big four recently have had their fair share of this blame too. Against this backdrop, we investigated to investigate the impact of board characteristics on audit quality of listed manufacturing firms in Nigeria. The study was driven by the positivist research philosophy and a deductive research approach using a multi-method quantitative research design. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Binary Probit Regression in testing the hypotheses stated. Findings revealed that board size had a positive and significant relationship on audit quality. The study found no evidence on the relationship between board independence, female gender on audit quality. The study also found no evidence on the moderating effect of the presence of a female on the board on the nexus between ...
Lending decisions of banks is a function of accounting information of borrowing firms, however, i... more Lending decisions of banks is a function of accounting information of borrowing firms, however, in contemporary times the quality of their accounting information is not encouraging to be used as a yardstick in taking lending decision. Against this backdrop, we investigated the impact of accounting information on commercial banks’ decision to Manufacturing firms in Nigeria. A sample of thirteen industrial listed firms was used. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Ordinary Least Squares in testing the hypotheses stated. Findings revealed that monetary value of collateral positively affects lending decisions of banks, profit level of borrowing form negatively influence the lending decision of banks, while corporate sustainability disclosure positively but insignificantly impact on banks’ lending decisions. The study concluded that accounting information affect banks’ lending decision...
The objective of this study is to investigate the influence of an educationally diverse board on ... more 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 inf...
International Journal of Management, Innovation & Entrepreneurial Research, 2020
Purpose of the study: This study examined the influence of board cognitive diversity on firm perf... more Purpose of the study: This study examined the influence of board cognitive diversity on firm performance in Nigeria. The researchers investigated consumer goods firms listed in the Nigeria Stock Exchange from 2013 to 2018. Methodology: This research is hinged on the positivist research philosophy; and the deductive research approach. The study adopted the multi-method quantitative research design. Data was hand-collected from the annual financial statements and firms’ websites of consumer goods firms. The researchers measured board cognitive diversity by educational level diversity, education background diversity, and professional member diversity; while performance was measured via financial performance (ROA) and market performance (Tobin's Q). Panel least squares were used to estimate the model of the study. Main Findings: Results from the panel least squares regression revealed mixed findings on the nexus between the proxies of board cognitive diversity and firm performance i...
Izvestiya Journal of the University of Economics – Varna, 2020
The sustainable development goals (SDGs) adopted by all the United Nations member countries were ... more The sustainable development goals (SDGs) adopted by all the United Nations member countries were to reduce the social and ecological outcome of businesses and governments across the globe, among others. Businesses can key into this agenda by disclosing their economic, environmental and social impact in their financial reports. However, in Nigeria, the extent of sustainability reporting amongst firms is still low and not a listing requirement. Against this backdrop, this study investigated the influence of a diverse board on the extent of sustainability reporting in listed industrial goods firms on the Nigerian Stock Exchange from the period 2014-2018. 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. Nationality, age and educational level were used to proxy diversity in the boardroom. The study also used descriptive and inferential statistics...
Annals of Spiru Haret University Economic Series , 2022
In recent times, firms or businesses in the Hotel and Tourism industry
across the globe have suf... more In recent times, firms or businesses in the Hotel and Tourism industry across the globe have suffered setback financially in terms of patronage and turnover. This is out rightly attributed to the emergence of the invincible enemy – the COVID-19 pandemic. The upper echelon of organization, thus have a role to play in reviving this sector. Against this backdrop, this study examined the impact CEO gender and educational background on the financial performance of hotels in Nigeria. This study sampled three listed hotel in the Nigeria Stock Exchange from 2017 to 2020. Ordinary least squares regression was employed to empirically ascertain the relationship between variables of the study. The study found that CEO gender has no significant impact on the financial performance of Hotels in Nigeria. Secondly, the study found that CEO educational background has positive and significant impact on the financial performance of Hotels in Nigeria. The study recommends that CEO with hotel and tourism educational background should be appointed in hotels in Nigeria to improve the financial performance.
The negative effect of the invisible enemy is ravaging the entire world populace, leading to glob... more The negative effect of the invisible enemy is ravaging the entire world populace, leading to global economic crisis. Businesses across the globe are feeling the negative impact of the coronavirus COVID-19 pandemic threatening their going concern status. SMEs in Nigeria are not left out in the share of this negative effect of the invisible enemy, as their survival is being threatened and the government is not helping. We reviewed literature on the impact of COVID-19 on SMEs and subsequently proposed a model to help them win the fight alongside with the federal government in flattening the curve. We concluded that SMEs can triumph in this turbulent time following the laid down health advice, and we pray the world heals of this pandemic in no distant time
The World Health Organization (WHO) has declared a global public health emergency on coronavirus ... more The World Health Organization (WHO) has declared a global public health emergency on coronavirus pandemic outbreak, and in response to this, nations affected by this scourge are enforcing strict measures to combat the virus. To understand the impact of these strict measures adopted by countries of the world, this study investigated the effect of Coronavirus pandemic outbreakon the performance of private businesses in Nigeria. The survey research design was adopted for the study. The data was sourced from questionnaires administered online to owners of private businesses and financial analysts in Lagos State, Nigeria. The result from the linear regression revealed that Coronavirus (COVID-19) Pandemic harms both the financial and non-financial performance of private businesses in Nigeria. The study concluded that that Coronavirus (COVID-19) Pandemic harms firm performance in Nigeria. The study, therefore, recommended that the government should include privates business in its stimulus...
Despite the large numbers of regulatory bodies governing the accounting profession, financial rep... more Despite the large numbers of regulatory bodies governing the accounting profession, financial reporting and its end products (financial statements) still lack external validity and reliability. Against this backdrop we investigated the effect of ethical accounting practices on financial reporting quality. Primary data was used for the study. The data was sourced from questionnaires administered to practising and non-practising accountants in tertiary institutions in Edo state. Preliminary analysis was done and appropriate statistical estimation was used to make inference on the population studied. The analysis of the data showed that accounting ethics had a significant relationship with financial reporting quality. The study recommends that accountants should uphold high ethical standards and that further work should be done on this subject area taking into account religiosity.
The past corporate accounting scandals have left the accounting profession in doubts of its integ... more The past corporate accounting scandals have left the accounting profession in doubts of its integrity and relevance. Against this backdrop, we investigated the impact of board characteristics on financial reporting quality of listed manufacturing firms. The study was driven by the positivist research philosophy and a deductive research approach using a multi-method quantitative research design. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Generalized Linear Model Regression in testing the hypotheses stated. Findings revealed that board expertise was statistically significant and positively related to financial reporting quality at 5% level of significance, while board independence and board diversity was found to be insignificantly related to financial reporting quality at 5% level of significance. The study concluded that board characteristics partially affect financial reporting quality....
Izvestiya Journal of Varna University of Economics , 2020
The sustainable development goals (SDGs) adopted by all the United Nations member countries were ... more The sustainable development goals (SDGs) adopted by all the United Nations member countries were to reduce the social and ecological the outcome of businesses and governments across the globe, among others. Businesses can key into this agenda by disclosing their economic, environmental and social impact in their financial reports. However, in Nigeria, the extent of sustainability reporting amongst firms is still low and not a listing requirement. Against this backdrop, this study investigated the influence of a diverse board on the extent of sustainability reporting in listed industrial goods firms on the Nigerian Stock Exchange from the period 2014-2018. 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. Nationality, age and educational level were used to proxy diversity in the boardroom. The study also used descriptive and inferential statistics to summarize the data and to draw an inference on the population studied. Our study failed to validate the theoretical framework - StakeholderDependency Theory used in the study, as results from the panel least squares regression revealed that age diversity in the boardroom negatively and significantly affects the extent of sustainability reporting. Furthermore, we found no evidence on the nexus between nationality diversity and sustainability reporting; and education level diversity and sustainability reporting. The study concluded that diversity in boardroom influences the extent of sustainability reporting in Nigeria. This study recommends that firms should increase the representation of foreign directors in the boardroom because they add value and a wealth of experience to the board.
International Journal of Management, Innovation & Entrepreneurial Research, 2020
Purpose of the study: This study examined the influence of board cognitive diversity on firm perf... more Purpose of the study: This study examined the influence of board cognitive diversity on firm performance in Nigeria. The researchers investigated consumer goods firms listed in the Nigeria Stock Exchange from 2013 to 2018. Methodology: This research is hinged on the positivist research philosophy; and the deductive research approach. The study adopted the multi-method quantitative research design. Data was hand-collected from the annual financial statements and firms' websites of consumer goods firms. The researchers measured board cognitive diversity by educational level diversity, education background diversity, and professional member diversity; while performance was measured via financial performance (ROA) and market performance (Tobin's Q). Panel least squares were used to estimate the model of the study. Main Findings: Results from the panel least squares regression revealed mixed findings on the nexus between the proxies of board cognitive diversity and firm performance in Nigeria. Specifically, we found that education level diversity and professional member diversity of board members positively and significantly affects market performance. In contrast, the educational background diversity of the board negatively and significantly affects the market performance of consumer goods firms in Nigeria. Furthermore, we found no evidence on the nexus between educational level diversity; educational background diversity; professional membership diversity of board members, and financial performance of firms investigated. Implications/Applications: The researchers concluded that board cognitive diversity partially influences firm performance in Nigeria. The study recommended that firms in Nigeria, specifically consumer goods firms, should encourage more representation of board directors with a postgraduate degree. This is because they have advanced knowledge and expertise to improve the firm's performance. Novelty/Originality of this study: This is pioneer research to investigate the influence of board cognitive diversity on firm performance in Nigeria.
The study basically examined the impact of sustainability reporting on firm performance in develo... more The study basically examined the impact of sustainability reporting on firm performance in developing climes. A systematic content analysis approach was adopted in the study and it formed the basis for the researcher's conclusion and recommendations. The findings of reviewed extant literature showed that there were inconclusive findings on the impact of sustainability reporting on firm performance. However, a large number of works submitted a positive relationship between sustainability reporting and firms' performance. Secondly, financial performance measures often used by researchers include the profitability measures (ROA and ROE) and market-base measure (EPS and DPS), and the fourth version of the Global Reporting Initiative (GRI) framework in calculating sustainability disclosure index via content analysis. Thirdly, we also found that sustainability disclosure level was low in developing climes compared to other developed climes. We observed some methodological flaws in extant literature on the sector investigated and sample size employed. This study, therefore, recommended that further studies should be carried out on the impact of sustainability reporting on firms' performance based on the suggested methodological improvement.
A board meeting is an avenue for directors of an organization to carry out their oversight and mo... more A board meeting is an avenue for directors of an organization to carry out their oversight and monitoring functions as well as discuss and meet the request and needs of the stakeholders. Corporate strategies of an organization are taken and implemented when board members meet. Leaning on this fact, this study examined the impact of board meetings on sustainability reporting in listed deposit money banks in Nigeria. A sample of ten (10) listed deposit money banks from 2014 to 2020 was conveniently selected. Descriptive and inferential statistics (panel least squares and logistic regression) was employed to summarize the data and to draw an inference on the population studied. Results from both the panel least squares regression and the binary logit regression revealed that board meetings have no significant impact on sustainability reporting of listed deposit money banks in Nigeria after controlling corporate administration and firm-level attributes. The study concluded that board me...
The aim of this study is to investigate the relationship between board ethnicity and sustainabili... more The aim of this study is to investigate the relationship between board ethnicity and sustainability reporting of listed deposit money banks in Nigeria from the period 2013–2020. The study examined the impact board members’ interaction from major and minor ethnic groups have on the sustainability reporting of listed deposit money banks. Secondary data was collected from annual reports and account of listed deposit money banks from the Nigeria Stock Exchange website. Results from the panel least squares regression revealed that the proportion of directors from HAUSA ethnic group have a positive influence on sustainability reporting; while the proportion of directors from YORUBA ethnic group negatively affects sustainability reporting. Furthermore, on the example of major and minor ethnic groups, it was found that the presence of directors from HAUSA and YORUBA ethnic groups; and HAUSA, YORUBA, IGBO and MINOR ethnic groups have negative and significant impact on sustainability reportin...
The incessant corporate scandals engulfing the corporate world today calls for great concern, als... more The incessant corporate scandals engulfing the corporate world today calls for great concern, also even the so-called big four recently have had their fair share of this blame too. Against this backdrop, we investigated to investigate the impact of board characteristics on audit quality of listed manufacturing firms in Nigeria. The study was driven by the positivist research philosophy and a deductive research approach using a multi-method quantitative research design. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Binary Probit Regression in testing the hypotheses stated. Findings revealed that board size had a positive and significant relationship on audit quality. The study found no evidence on the relationship between board independence, female gender on audit quality. The study also found no evidence on the moderating effect of the presence of a female on the board on the nexus between ...
Lending decisions of banks is a function of accounting information of borrowing firms, however, i... more Lending decisions of banks is a function of accounting information of borrowing firms, however, in contemporary times the quality of their accounting information is not encouraging to be used as a yardstick in taking lending decision. Against this backdrop, we investigated the impact of accounting information on commercial banks’ decision to Manufacturing firms in Nigeria. A sample of thirteen industrial listed firms was used. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Ordinary Least Squares in testing the hypotheses stated. Findings revealed that monetary value of collateral positively affects lending decisions of banks, profit level of borrowing form negatively influence the lending decision of banks, while corporate sustainability disclosure positively but insignificantly impact on banks’ lending decisions. The study concluded that accounting information affect banks’ lending decision...
The objective of this study is to investigate the influence of an educationally diverse board on ... more 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 inf...
International Journal of Management, Innovation & Entrepreneurial Research, 2020
Purpose of the study: This study examined the influence of board cognitive diversity on firm perf... more Purpose of the study: This study examined the influence of board cognitive diversity on firm performance in Nigeria. The researchers investigated consumer goods firms listed in the Nigeria Stock Exchange from 2013 to 2018. Methodology: This research is hinged on the positivist research philosophy; and the deductive research approach. The study adopted the multi-method quantitative research design. Data was hand-collected from the annual financial statements and firms’ websites of consumer goods firms. The researchers measured board cognitive diversity by educational level diversity, education background diversity, and professional member diversity; while performance was measured via financial performance (ROA) and market performance (Tobin's Q). Panel least squares were used to estimate the model of the study. Main Findings: Results from the panel least squares regression revealed mixed findings on the nexus between the proxies of board cognitive diversity and firm performance i...
Izvestiya Journal of the University of Economics – Varna, 2020
The sustainable development goals (SDGs) adopted by all the United Nations member countries were ... more The sustainable development goals (SDGs) adopted by all the United Nations member countries were to reduce the social and ecological outcome of businesses and governments across the globe, among others. Businesses can key into this agenda by disclosing their economic, environmental and social impact in their financial reports. However, in Nigeria, the extent of sustainability reporting amongst firms is still low and not a listing requirement. Against this backdrop, this study investigated the influence of a diverse board on the extent of sustainability reporting in listed industrial goods firms on the Nigerian Stock Exchange from the period 2014-2018. 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. Nationality, age and educational level were used to proxy diversity in the boardroom. The study also used descriptive and inferential statistics...
Annals of Spiru Haret University Economic Series , 2022
In recent times, firms or businesses in the Hotel and Tourism industry
across the globe have suf... more In recent times, firms or businesses in the Hotel and Tourism industry across the globe have suffered setback financially in terms of patronage and turnover. This is out rightly attributed to the emergence of the invincible enemy – the COVID-19 pandemic. The upper echelon of organization, thus have a role to play in reviving this sector. Against this backdrop, this study examined the impact CEO gender and educational background on the financial performance of hotels in Nigeria. This study sampled three listed hotel in the Nigeria Stock Exchange from 2017 to 2020. Ordinary least squares regression was employed to empirically ascertain the relationship between variables of the study. The study found that CEO gender has no significant impact on the financial performance of Hotels in Nigeria. Secondly, the study found that CEO educational background has positive and significant impact on the financial performance of Hotels in Nigeria. The study recommends that CEO with hotel and tourism educational background should be appointed in hotels in Nigeria to improve the financial performance.
The negative effect of the invisible enemy is ravaging the entire world populace, leading to glob... more The negative effect of the invisible enemy is ravaging the entire world populace, leading to global economic crisis. Businesses across the globe are feeling the negative impact of the coronavirus COVID-19 pandemic threatening their going concern status. SMEs in Nigeria are not left out in the share of this negative effect of the invisible enemy, as their survival is being threatened and the government is not helping. We reviewed literature on the impact of COVID-19 on SMEs and subsequently proposed a model to help them win the fight alongside with the federal government in flattening the curve. We concluded that SMEs can triumph in this turbulent time following the laid down health advice, and we pray the world heals of this pandemic in no distant time
The World Health Organization (WHO) has declared a global public health emergency on coronavirus ... more The World Health Organization (WHO) has declared a global public health emergency on coronavirus pandemic outbreak, and in response to this, nations affected by this scourge are enforcing strict measures to combat the virus. To understand the impact of these strict measures adopted by countries of the world, this study investigated the effect of Coronavirus pandemic outbreakon the performance of private businesses in Nigeria. The survey research design was adopted for the study. The data was sourced from questionnaires administered online to owners of private businesses and financial analysts in Lagos State, Nigeria. The result from the linear regression revealed that Coronavirus (COVID-19) Pandemic harms both the financial and non-financial performance of private businesses in Nigeria. The study concluded that that Coronavirus (COVID-19) Pandemic harms firm performance in Nigeria. The study, therefore, recommended that the government should include privates business in its stimulus...
Despite the large numbers of regulatory bodies governing the accounting profession, financial rep... more Despite the large numbers of regulatory bodies governing the accounting profession, financial reporting and its end products (financial statements) still lack external validity and reliability. Against this backdrop we investigated the effect of ethical accounting practices on financial reporting quality. Primary data was used for the study. The data was sourced from questionnaires administered to practising and non-practising accountants in tertiary institutions in Edo state. Preliminary analysis was done and appropriate statistical estimation was used to make inference on the population studied. The analysis of the data showed that accounting ethics had a significant relationship with financial reporting quality. The study recommends that accountants should uphold high ethical standards and that further work should be done on this subject area taking into account religiosity.
The past corporate accounting scandals have left the accounting profession in doubts of its integ... more The past corporate accounting scandals have left the accounting profession in doubts of its integrity and relevance. Against this backdrop, we investigated the impact of board characteristics on financial reporting quality of listed manufacturing firms. The study was driven by the positivist research philosophy and a deductive research approach using a multi-method quantitative research design. Descriptive and inferential statistics were employed to summarize the data and to draw inference on the population studied. We employed the Generalized Linear Model Regression in testing the hypotheses stated. Findings revealed that board expertise was statistically significant and positively related to financial reporting quality at 5% level of significance, while board independence and board diversity was found to be insignificantly related to financial reporting quality at 5% level of significance. The study concluded that board characteristics partially affect financial reporting quality....
Izvestiya Journal of Varna University of Economics , 2020
The sustainable development goals (SDGs) adopted by all the United Nations member countries were ... more The sustainable development goals (SDGs) adopted by all the United Nations member countries were to reduce the social and ecological the outcome of businesses and governments across the globe, among others. Businesses can key into this agenda by disclosing their economic, environmental and social impact in their financial reports. However, in Nigeria, the extent of sustainability reporting amongst firms is still low and not a listing requirement. Against this backdrop, this study investigated the influence of a diverse board on the extent of sustainability reporting in listed industrial goods firms on the Nigerian Stock Exchange from the period 2014-2018. 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. Nationality, age and educational level were used to proxy diversity in the boardroom. The study also used descriptive and inferential statistics to summarize the data and to draw an inference on the population studied. Our study failed to validate the theoretical framework - StakeholderDependency Theory used in the study, as results from the panel least squares regression revealed that age diversity in the boardroom negatively and significantly affects the extent of sustainability reporting. Furthermore, we found no evidence on the nexus between nationality diversity and sustainability reporting; and education level diversity and sustainability reporting. The study concluded that diversity in boardroom influences the extent of sustainability reporting in Nigeria. This study recommends that firms should increase the representation of foreign directors in the boardroom because they add value and a wealth of experience to the board.
International Journal of Management, Innovation & Entrepreneurial Research, 2020
Purpose of the study: This study examined the influence of board cognitive diversity on firm perf... more Purpose of the study: This study examined the influence of board cognitive diversity on firm performance in Nigeria. The researchers investigated consumer goods firms listed in the Nigeria Stock Exchange from 2013 to 2018. Methodology: This research is hinged on the positivist research philosophy; and the deductive research approach. The study adopted the multi-method quantitative research design. Data was hand-collected from the annual financial statements and firms' websites of consumer goods firms. The researchers measured board cognitive diversity by educational level diversity, education background diversity, and professional member diversity; while performance was measured via financial performance (ROA) and market performance (Tobin's Q). Panel least squares were used to estimate the model of the study. Main Findings: Results from the panel least squares regression revealed mixed findings on the nexus between the proxies of board cognitive diversity and firm performance in Nigeria. Specifically, we found that education level diversity and professional member diversity of board members positively and significantly affects market performance. In contrast, the educational background diversity of the board negatively and significantly affects the market performance of consumer goods firms in Nigeria. Furthermore, we found no evidence on the nexus between educational level diversity; educational background diversity; professional membership diversity of board members, and financial performance of firms investigated. Implications/Applications: The researchers concluded that board cognitive diversity partially influences firm performance in Nigeria. The study recommended that firms in Nigeria, specifically consumer goods firms, should encourage more representation of board directors with a postgraduate degree. This is because they have advanced knowledge and expertise to improve the firm's performance. Novelty/Originality of this study: This is pioneer research to investigate the influence of board cognitive diversity on firm performance in Nigeria.
The study basically examined the impact of sustainability reporting on firm performance in develo... more The study basically examined the impact of sustainability reporting on firm performance in developing climes. A systematic content analysis approach was adopted in the study and it formed the basis for the researcher's conclusion and recommendations. The findings of reviewed extant literature showed that there were inconclusive findings on the impact of sustainability reporting on firm performance. However, a large number of works submitted a positive relationship between sustainability reporting and firms' performance. Secondly, financial performance measures often used by researchers include the profitability measures (ROA and ROE) and market-base measure (EPS and DPS), and the fourth version of the Global Reporting Initiative (GRI) framework in calculating sustainability disclosure index via content analysis. Thirdly, we also found that sustainability disclosure level was low in developing climes compared to other developed climes. We observed some methodological flaws in extant literature on the sector investigated and sample size employed. This study, therefore, recommended that further studies should be carried out on the impact of sustainability reporting on firms' performance based on the suggested methodological improvement.
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Papers by Hope Osayantin AIFUWA
across the globe have suffered setback financially in terms of patronage and
turnover. This is out rightly attributed to the emergence of the invincible enemy
– the COVID-19 pandemic. The upper echelon of organization, thus have a
role to play in reviving this sector. Against this backdrop, this study examined
the impact CEO gender and educational background on the financial
performance of hotels in Nigeria. This study sampled three listed hotel in the
Nigeria Stock Exchange from 2017 to 2020. Ordinary least squares regression
was employed to empirically ascertain the relationship between variables of
the study. The study found that CEO gender has no significant impact on the
financial performance of Hotels in Nigeria. Secondly, the study found that
CEO educational background has positive and significant impact on the
financial performance of Hotels in Nigeria. The study recommends that CEO
with hotel and tourism educational background should be appointed in hotels
in Nigeria to improve the financial performance.
across the globe have suffered setback financially in terms of patronage and
turnover. This is out rightly attributed to the emergence of the invincible enemy
– the COVID-19 pandemic. The upper echelon of organization, thus have a
role to play in reviving this sector. Against this backdrop, this study examined
the impact CEO gender and educational background on the financial
performance of hotels in Nigeria. This study sampled three listed hotel in the
Nigeria Stock Exchange from 2017 to 2020. Ordinary least squares regression
was employed to empirically ascertain the relationship between variables of
the study. The study found that CEO gender has no significant impact on the
financial performance of Hotels in Nigeria. Secondly, the study found that
CEO educational background has positive and significant impact on the
financial performance of Hotels in Nigeria. The study recommends that CEO
with hotel and tourism educational background should be appointed in hotels
in Nigeria to improve the financial performance.