RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS
This study investigates the relationship between board heterogeneity and environmental performance in Nigerian manufacturing firms, focusing on four key dimensions of board composition, board independence (BIND), board gender diversity (BGEN), board professionalism (BPRO), and board nationality div...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Department of Accounting and Finance, Federal University Gusau
2025-08-01
|
| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://www.journals.gujaf.com.ng/index.php/gujaf/article/view/423 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849225264874127360 |
|---|---|
| author | Ibrahim Lawal, PhD Habiba Ahmed Gwadabe Audu Monday |
| author_facet | Ibrahim Lawal, PhD Habiba Ahmed Gwadabe Audu Monday |
| author_sort | Ibrahim Lawal, PhD |
| collection | DOAJ |
| description |
This study investigates the relationship between board heterogeneity and environmental performance in Nigerian manufacturing firms, focusing on four key dimensions of board composition, board independence (BIND), board gender diversity (BGEN), board professionalism (BPRO), and board nationality diversity (BNAT), with firm size (FSZ) as a moderating variable. Using a panel dataset of 68 Nigerian manufacturing firms over the period 2015 to 2024, the study employs panel corrected standard errors (PCSE) regression models to address heteroscedasticity and autocorrelation issues. The findings indicate that all four dimensions of board heterogeneity positively influence environmental performance, with firm size enhancing the effect of diversity on sustainability practices. This study contributes to corporate governance literature by demonstrating the importance of board diversity in improving environmental stewardship, particularly in large firms. Conclusively, this study emphasizes the importance of promoting diversity in board composition to improve environmental stewardship. Recommendations include that Nigerian manufacturing firms should prioritize increasing the diversity of their boards, particularly in terms of gender and nationality, to strengthen environmental governance. Additionally, policymakers should consider creating incentives for companies to enhance board diversity as a strategic tool for improving corporate sustainability.
|
| format | Article |
| id | doaj-art-86df6a94b4d647509d87a3f3bc107878 |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2025-08-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-86df6a94b4d647509d87a3f3bc1078782025-08-25T05:06:39ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972025-08-016210.57233/gujaf.v6i2.12RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMSIbrahim Lawal, PhD0Habiba Ahmed Gwadabe1Audu Monday2Department of Accounting Federal University Birnin Kebbi Kebbi StateDepartment of Business Administration Federal University Birnin Kebbi Kebbi StateDepartment of Accounting, Babcock University, IIisha-Remo Remo Ogun State This study investigates the relationship between board heterogeneity and environmental performance in Nigerian manufacturing firms, focusing on four key dimensions of board composition, board independence (BIND), board gender diversity (BGEN), board professionalism (BPRO), and board nationality diversity (BNAT), with firm size (FSZ) as a moderating variable. Using a panel dataset of 68 Nigerian manufacturing firms over the period 2015 to 2024, the study employs panel corrected standard errors (PCSE) regression models to address heteroscedasticity and autocorrelation issues. The findings indicate that all four dimensions of board heterogeneity positively influence environmental performance, with firm size enhancing the effect of diversity on sustainability practices. This study contributes to corporate governance literature by demonstrating the importance of board diversity in improving environmental stewardship, particularly in large firms. Conclusively, this study emphasizes the importance of promoting diversity in board composition to improve environmental stewardship. Recommendations include that Nigerian manufacturing firms should prioritize increasing the diversity of their boards, particularly in terms of gender and nationality, to strengthen environmental governance. Additionally, policymakers should consider creating incentives for companies to enhance board diversity as a strategic tool for improving corporate sustainability. https://www.journals.gujaf.com.ng/index.php/gujaf/article/view/423Board HeterogeneityEnvironmental PerformanceNigerian Manufacturing Firms |
| spellingShingle | Ibrahim Lawal, PhD Habiba Ahmed Gwadabe Audu Monday RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS Gusau Journal of Accounting and Finance Board Heterogeneity Environmental Performance Nigerian Manufacturing Firms |
| title | RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS |
| title_full | RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS |
| title_fullStr | RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS |
| title_full_unstemmed | RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS |
| title_short | RELATIONSHIP BETWEEN BOARD HETEROGENEITY AND ENVIRONMENTAL PERFORMANCE IN NIGERIAN MANUFACTURING FIRMS |
| title_sort | relationship between board heterogeneity and environmental performance in nigerian manufacturing firms |
| topic | Board Heterogeneity Environmental Performance Nigerian Manufacturing Firms |
| url | https://www.journals.gujaf.com.ng/index.php/gujaf/article/view/423 |
| work_keys_str_mv | AT ibrahimlawalphd relationshipbetweenboardheterogeneityandenvironmentalperformanceinnigerianmanufacturingfirms AT habibaahmedgwadabe relationshipbetweenboardheterogeneityandenvironmentalperformanceinnigerianmanufacturingfirms AT audumonday relationshipbetweenboardheterogeneityandenvironmentalperformanceinnigerianmanufacturingfirms |