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ISSN: 2006-1013

Effect of Audit Committee Characteristics on Environmental Disclosure of Oil and Gas Companies in Nigeria

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Abstract

This study analysed the effect of Audit committee characteristics on the environmental
disclosure of oil and gas companies in Nigeria. The study's population includes all the oil and
gas firms registered on the Nigerian Exchange Group (NGX), Employing purposive sampling
methods, the research selected twenty oil and gas companies that provided data for the study
from 2015 to 2024. The research utilized the fixed generalized least squares (FGLS) panel
regression method. The findings showed that the size of the audit committee characteristics,
the gender diversity within it, and the frequency of meetings had a substantial positive effect
on the environment disclosure of listed oil and gas companies in Nigeria, while the effect of
audit committee independence was minimal. It is also demonstrating that the size of the firm
has a positive and significant impact on environmental disclosure. The research found that audit
committee characteristics significantly impact the environmental disclosure of oil and gas
companies in Nigeria. A greater representation of female and independent members on the
audit committee is therefore recommended to enhance environmental disclosure.

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