Open AccessModerating Role of Corruption Control on firm level determinants of Corporate Sustainability Disclosure Compliance in Nigeria
Author(s) -
Mohammed Sabo Bello,
Ridzwana Mohd Said,
Jalila Johari,
Fakarudin Kamarudin
Publication year - 2020
Publication title -
asia proceedings of social sciences
Language(s) - English
Resource type - Journals
eISSN - 2663-6638
pISSN - 2663-662X
DOI - 10.31580/apss.v6i2.1335
Subject(s) - endogeneity , panel data , corporate governance , leverage (statistics) , ordinary least squares , accounting , business , context (archaeology) , language change , regression analysis , robustness (evolution) , econometrics , economics , finance , statistics , art , paleontology , mathematics , literature , biology , biochemistry , chemistry , gene
This paper explores the moderating effect of corruption control in strengthening the influence of firm attributes on corporate sustainability disclosure compliance in Nigeria. The study focuses on the existing discussion on mandatory disclosure compliance with corporate governance code. The extent of disclosure compliance is measured using a total unweighted disclosure index, developed from a panel dataset of 118 companies listed in the Nigerian capital market. The companies were selected using a proportionate stratified sampling technique. The dataset for the period of 2011 to 2017 were first analyzed by static panel regression analysis using pooled Ordinary Least Square (OLS), Fixed Effect (FE), and Random Effect (RE) models. The regression models were subjected to further robustness checks under dynamic GMM panel regression analysis, to test for possible endogeneity. The findings revealed significant moderating effect of corruption control, evidenced from the interaction of corruption control with selected firm attributes, namely; industry type, leverage and taxation. The research contributes to the existing literature, as it establishes the importance of control of corruption as an additional factor of corporate sustainability disclosure compliance within the context of Nigeria.