THE CEO POWER AND SUSTAINABILITY REPORTING OF LISTED FIRMS IN NIGERIA

Purpose This paper examines the influence of the CEO power among listed firms in Nigeria. Further, the study investigates the influence of CEO power on the sustainability reporting in a developing market, namely, the Nigerian market. Design/methodology/approach The study uses data from 2012 to 2021 with a total of 1120 observations and analyses the data using Logit regression analysis. Data are collected from the listed companies quoted on the Nigerian Exchange. Findings The authors found that CEO power, evidenced in CEO gender, CEO education, CEO tenure, CEO turnover, CEO ownership, CEO nationality reported by the Nigerian listed companies are significant. Regarding the specific individual influence of CEO power traits, they were found to significantly impact the sustainability reporting of listed firms in Nigeria. Originality/value This study enriches the literature by augmenting the understanding regarding CEO power’s impact on sustainability reporting. Further, bringing evidence from an emerging market can have implications for regulators, shareholders, boards of directors, scholars, and researchers, students, who are interested in addressing other emerging markets with similar contextual and institutional environments