Corporate Governance Disclosure: The Evidence from Nigeria

Authors

  • Abubakar M. Dembo University of Bedfordshire, United Kingdom

DOI:

https://doi.org/10.52962/ipjaf.2018.2.4.52

Keywords:

Corporate Governance, Compliance, Financial, Nonfinancial, Disclosure, Oil Companies

Abstract

This study centres on the investigation of the level of compliance with the Nigerian Corporate Governance Code's recommendations by the six selected oil companies from 2004 to 2012. Two stages of compliance level with the Corporate Governance Disclosure Index (CGDI) were developed from 43 specific corporate governance issues based on the Nigerian Code's provisions and analysed. Firstly, the study demonstrates the degree of compliance with the CGDI for the selected companies over the survey period (2004-2012). This allows the testing of the continuous progress of the level of conformity with the Nigerian Code's provisions. Second, it measures the level of compliance with the CGDI that existed over the 2004-2009 and 2010-2012 periods respectively. The motive is to find out whether the level of compliance with corporate governance has increased over the two periods since the creation of the Nigerian Code in late 2003. The findings indicate a remarkable improvement with the compliance with the Nigerian Code over the periods by the selected companies.

Downloads

Download data is not yet available.

References

Aguilera, R. V. & Cuervo-Cazurra, A. (2004). Codes of Good Governance Worldwide: What is the Trigger? Organisation Studies, 25 (3), 415-443.
Bhasin, M. L. (2010). Corporate governance disclosure practices: The portrait of a developing country. International Journal of Business & Management, 5(4), 150.
Dembo, A. M. & Rasaratnam, S. (2014). Corporate Governance and Disclosure in Nigeria: An empirical study. Procedia-Social and Behavioral Sciences, 164, 161-171
Garay, U. & González, M. (2008). Corporate Governance and Firm Value: The Case of Venezuela. Corporate Governance: An international review, 16 (3), 194-209.
Gompers, P. A., Ishii, J. L. & Metrick, A. (2001). Corporate Governance and Equity Prices. National Bureau of Economic Research
Panchasara, Bhavik M., (2012). An empirical study on Corporate Governance in Indian Banking Sector (PhD. Thesis). Saurashtra University. Available from http://etheses.saurashtrauniversity.edu/id/964
Panchasara, B. M., & Bharadia, M. H. S. (2013). Corporate governance disclosure practices and firm performance: evidence from Indian banks. Paradigm, 17(1-2), 88-98.
SEC (2003). The Code of Best Practices on Corporate Governance in Nigeria. Securities and Exchange Commission. Available from: sec.gov.ng/regulation/rules-codes/
SEC (2011). Code of Corporate Governance for Public Companies in Nigeria. Securities and Exchange Commission Available from sec.gov.ng/regulation/rules-codes/.
UNCTAD (2006). Guidance on Good Practices in Corporate Governance Disclosure. United Nations New York and Geneva.

Downloads

Published

2018-10-01

Issue

Section

Main Section

How to Cite

Corporate Governance Disclosure: The Evidence from Nigeria. (2018). Indian-Pacific Journal of Accounting and Finance, 2(4), 16-25. https://doi.org/10.52962/ipjaf.2018.2.4.52

Similar Articles

1-10 of 69

You may also start an advanced similarity search for this article.

Most read articles by the same author(s)

1 2 3 4 5 6 7 8 9 10 > >>