ENVIRONMENTAL ACCOUNTING DISCLOSURE AND QUALITY OF FINANCIAL
REPORTS: THE MEDIATING EFFECT OF CORPORATE GOVERNANCE IN QUOTED
MANUFACTURING FIRMS IN NIGERIA

Sunny Biobele Beredugo 1 , John Uzoma Ihendinihu 2 & Joseph U. B. Azubike 3
Department of Accounting, College of Management Sciences, Michael Okpara University of
Agriculture, Umudike, Abia State, Nigeria
1 beredugosunny@gmail.com, 2 ihendinihu.john@gmail.com
3 jubelazubike@yahoo.com

Abstract
The study examined the mediating effect of corporate governance on the relationship between
environmental accounting disclosure and the quality of financial reports of quoted manufacturing firms in
Nigerian. Several researches over the years on environmental accounting disclosure and performance have
often been inconclusive and contradictory; without much assessment of the mediating role of code of
corporate governance in enhancing the quality of financial reports. In view of this, the study examined the
extent to which corporate governance mediates the effect of the components of environmental accounting
disclosure on the quality of financial reports of quoted manufacturing firms in Nigeria. To achieve this,
content analysis was used for the study. Forty-six (46) quoted manufacturing firms were selected, while the
OLS was used for the hypothesis test. The results show that code of corporate governance mediate the effect
of environmental fines and penalties, environmental waste management and environmental compensation
to enhance the quality of financial reports. The inculcation of the board committee on environmental risk
management also enhances the quality of financial reporting.
Keywords: Environmental accounting disclosure; Financial reporting, Code of Corporate Governance,
Environmental Fines and Penalties; Environmental Restoration; Environmental Waste Management;
Environmental Compensation; Board Committee on environmental risk management

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