Effect of Managerial and Institutional Ownership on Environmental Disclosure of Listed Manufacturing Firms in Nigeria

Abstract

Corporate governance practices are essential ingredients in achieving and maintaining public trust and confidence in the corporate firm. The study examined managerial ownership and institutional ownership on environmental disclosure of listed manufacturing firm in Nigeria covering the period of ten (10) year 2013-2022. The study adopted ex-post facto research design and secondary data was used for analysis were obtained from Nigerian Exchange Group. Panel regression analysis technique was used to analyse the research data. The result revealed that managerial ownership has a positive and significant effect on environmental disclosure of manufacturing firm in Nigeria while inst23itutional ownership has a negative significant effect on environmental disclosure of manufacturing firm in Nigeria. The study therefore concludes that managerial ownership and institutional ownership has significant effect on environmental disclosure of manufacturing firm in Nigeria. The study recommend that management of manufacturing firm should increase managerial ownership share because it helps in increasing environmental disclosure of the firms in Nigeria