Moderating effect of firm size on the relationship between audit committee characteristics and sustainability disclosure by listed manufacturing firms in nigeria
ナイジェリア上場製造企業における監査委員会特性と持続可能性開示の関係に与える企業規模の緩和効果 (AI 翻訳)
Peter Peter
🤖 gxceed AI 要約
日本語
ナイジェリア上場製造企業5社のパネルデータ（2015-2024年）を分析し、企業規模が監査委員会の特性（規模、勤勉性、独立性、ジェンダー多様性）とESG開示スコアの関係に及ぼす緩和効果を検証。全4特性が持続可能性開示に有意な正の影響を与え、企業規模がその影響を強化することを確認。モデルの説明力は約59.77％。
English
Using panel data from five Nigerian listed manufacturing firms (2015-2024), this study finds that audit committee characteristics (size, diligence, independence, gender diversity) positively affect ESG disclosure scores, and firm size moderates these relationships by strengthening the positive effects. The model explains about 59.77% of the variance.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の企業にとっては直接的な関連性は低いが、ナイジェリアに進出する日系企業や新興市場におけるESG開示のガバナンス要因を理解する上で参考になる。
In the global GX context
This paper adds evidence from an African emerging market on the role of corporate governance in ESG disclosure, complementing studies from developed economies and highlighting the moderating effect of firm size.
👥 読者別の含意
🔬研究者:Provides evidence from Nigeria on the moderating role of firm size in audit committee effectiveness for ESG disclosure.
🏢実務担当者:Highlights the importance of audit committee composition and firm size for enhancing sustainability reporting, relevant for multinational corporations operating in Africa.
🏛政策担当者:Supports the need for regulatory emphasis on audit committee characteristics to improve ESG disclosure in emerging markets.
📄 Abstract（原文）
This study examines the moderating effect of firm size on the relationship between audit committee characteristics and sustainability disclosure among listed manufacturing firms in Nigeria. A panel dataset covering five manufacturing firms listed on the Nigerian Exchange Group (NGX) over the period 2015 to 2024 was analysed using the panel least squares regression technique. The dependent variable was the environmental, social, and governance (ESG) disclosure score, while the independent variables comprised audit committee size, audit committee diligence, audit committee independence, and audit committee gender diversity. Firm size served as the moderating variable. The Hausman test confirmed the appropriateness of the random effects model (p = 0.4443). The findings reveal that all four audit committee characteristics exert a statistically significant positive effect on sustainability disclosures. Interaction terms between each audit committee attribute and firm size are likewise significant, indicating that firm size strengthens the positive influence of audit committee characteristics on sustainability reporting. The model explains approximately 59.77 per cent of the variation in sustainability disclosure (R 2 = 0.5977, Adjusted R 2 = 0.6755). These results underscore the importance of well constituted audit committees and suggest that larger firms derive greater governance benefits in the domain of sustainability reporting. Recommendations include expanding audit committee membership, enhancing meeting frequency, strengthening independence, promoting gender diversity, and investing in sustainability related training for committee members
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.61955/rwdpmzfirst seen 2026-05-05 23:29:18
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