CHIEF EXECUTIVE OFFICERS ATTRIBUTES AND ENVIRONMENTAL REPORTING OF QUOTED INDUSTRIAL GOODS FIRMS IN NIGERIA
Abstract
Environmental degradation by company's activities and neglect on social welfare of both employees of the companies and public at large has been on the increase, yet the present reporting framework fails to capture company's performance on these issues. Based on this, this study examined the relationship between CEO attributes and environmental reporting of quoted industrial goods firms in Nigeria. However, the specific objectives included to ascertain the relationship between CEO ownership and environmental reporting of quoted industrial goods firms in Nigeria. Ex-post facto research design was adopted, and panel data covering ten (10) years (2013-2022) were collected across eleven (11) quoted industrial goods firms in Nigeria which formed the sample size of the study. The data collected were analyzed using descriptive statistics and panel multiple regression analysis via E-views 10.0 statistical package. Amongst others, the study findings revealed that CEO education has a significant positive relationship (Coeff. = 3.9351{0.0277}) with environmental reporting of quoted industrial goods firms in Nigeria while CEO compensation has an insignificant positive relationship (Coeff. = 0.8300{0.1621}) with environmental reporting of quoted industrial goods firms in Nigeria. A Prob (F-statistics) of 0.00000 suggests that CEO ownership (CEO_OWN), CEO origin (CEO_ORG), CEO education (CEO_EDU), CEO gender (CEO_GEN) and CEO compensation (CEO_COMP) have a combined significant effect on sustainability reporting at 5% significance level. Based on this, it is however concluded that CEO attributes significantly influences environmental reporting of industrial goods companies in Nigeria. The recommendations made included that firms should consider supporting and encouraging CEOs to enhance their understanding of environmental issues, regulations, and sustainability practices through executive education programs.
Keywords: Chief Executive Officer (CEO), Environmental Reporting, Quoted Industrial Goods Firms and Nigeria.
