European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals


Board Diversity and Environmental Sustainability Disclosure in Oil and Gas Companies: Evidence from Nigeria (Published)

This study examines the influence of board diversity on environmental sustainability disclosure in oil and gas companies in Nigeria. Communities that produce oil in the Niger Delta region of Nigeria have seen ongoing oil spills over time, leading to an intolerable economic situation. The goal of this study is to ascertain whether factors such as board size, board gender, board nationality, and board independence have an impact on environmental sustainability disclosure in Nigerian oil and gas companies. Ex-post facto research approach was used in this study to explore the cause-and-effect relationship between the dependent and independent variables. The study comprised of eight oil and gas companies in the Nigerian Exchange Group. Secondary data from 2011-2020 was used and panel multiple regression analysis was used to analyze the data. Results revealed  board  independence (BIND)  showed    positive  relationship with environmental sustainability disclosure,  but   was  insignificant to environmental sustainability disclosure, board  size (BSZ) showed negative  relationship  with  environmental sustainability disclosure, but was significant to environmental sustainability disclosure, while board gender diversity (BGD)  showed  negative  relationship with  environmental  sustainability  disclosure, but  was  insignificant  to  environmental  sustainability disclosure, board  nationality (BNAT) showed  negative  relationship with environmental sustainability disclosure, but  was also insignificant to environmental sustainability disclosure. This study concluded that reduced board size would lead to increased environmental sustainability disclosure in oil and gas companies in Nigeria. Despite the negative relationship between environmental sustainability disclosure and independent variables, it is still believed that board diversity has a great influence on information disclosure. It is recommended that both the government and management of these companies should be alive to their responsibilities in maintaining and preserving the natural environment.

Keywords: Corporate, Environmental, Governance, Oil and Gas, Sustainability

Effect of Corporate Governance on Financial Performance of Quoted Commercial Banks in Nigeria (Published)

This study investigates the impact of corporate governance on the financial performance of Nigeria’s publicly traded commercial banks. The objective of this study is to determine if board size, board female gender, and board independence have effect on the financial performance of quoted commercial banks in Nigeria. Five (5) quoted commercial banks in Nigeria was examined, ranging from the years 2011 to 2020. Secondary data was used and obtained from the bank’s annual reports published in Nigeria Exchange Group. Cross-Sectional research design was used, and the method of data analysis used was panel multiple regression. Findings revealed  that board independence has a significant impact on financial performance ( return on assets) of quoted commercial banks in Nigeria but  shows  negative  relationship with financial performance  ( return on  assets)  of  quoted commercial banks, study further revealed that board size has a negative relationship with  bank’s financial performance (return on assets) but has  significant value  on  the  financial performance (return on assets) , findings also  revealed that at least two female board members were represented in every corporate organization studied,  female board membership has a positive relationship with banks’ financial performance (Return on Assets), but shows  insignificant value on financial performance (return on assets). The study concluded and recommended that, despite some of the independent variables shows insignificant values, Board independent, Board size, Board female gender mechanisms continue to be a critical component of corporate governance in achieving any organization’s objectives, financial or otherwise.

Citation: Orumwense E.K. and Orumwense O. (2023) Effect of Corporate Governance on Financial Performance of Quoted Commercial Banks in Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.11, No. 4, pp.1-14


Keywords: Banks’, Board Composition, Corporate, Governance, Nigeria, financial crisis

HRA Practices: An Indian Panorama (Published)

Despite the importance of human resources to the prosperity of corporate cannot be denied in corporate pronouncements, but excepting a few cases, it does not find proper place in the traditional accounting practices prevalent in India mainly due to insufficiency of their quantification. In a developing country like India with abundant human resources, paying inadequate attention and keeping their contribution outside the financial status of corporate sector evidence the lack of transparency in books of accounts. With the advent of scientific management with emphasis on quantitative methodology to make rational use of all resources, this paper makes an attempt to examine the scope of HRA or Human Resource Accounting practices as well as its usefulness in decision making for the management of corporate sector in India. Reviewing human resource accounting leads to furtherance of human resources development.

Keywords: Corporate, Human Resource Accounting, Human resource, financial status, traditional accounting


The liberalisation of the financial sector has seen the proliferation of many foreign banks operating in Ghana. With their sophisticated tools and technology, many corporate banks are exited and some adopted strategies to reposition themselves in order to cope with this competition. The formal financial sector in Ghana is made up of about twenty-seven (27) banks such as commercial, merchant and development banks operating about four hundred (400) branches. In contention with these banks are the rural community banks, savings and loan companies and non-bank financial institutions. Among the twenty-seven banks are two corporate (state-owned) banks. The research attempts to determine the areas affected and the strategies adopted by corporate (state-owned) banks in their restructuring program. Agricultural Development Bank, Ghana (ADB) was used as a case for the study. Both probability and non-probability sampling techniques such as purposive and simple random samplings were employed for the selection of the population for the study. There was a combination of the use of primary and secondary sourced data such as questionnaire and interview, and bank’s annual reports respectively for the collection of data for presentation analysis.The findings of the research depicted that additional branches were established to position the bank closer to the customers. There was no layoff in the restructuring but new personnel with expertise were employed to augment the existing workers. It also gave birth to new and innovative banking products and services which could help to capture more customers. The following strategies were adopted during the restructuring by the bank; outsourcing, virtualization and re-engineering

Keywords: Corporate, Operational areas, Strategies.

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