effect of environmental accounting on the quality of accounting disclosures of shipping lines in ...

257 Pages·2016·1.65 MB·English

EFFECT OF ENVIRONMENTAL ACCOUNTING ON THE
QUALITY OF ACCOUNTING DISCLOSURES OF
SHIPPING LINES IN NIGERIA

BABATUNDE AKEEM LAWAL

DOCTOR OF PHILOSOPHY
(Accounting)

JOMO KENYATTA UNIVERSITY OF
AGRICULTURE AND TECHNOLOGY.

2016
Effect of Environmental Accounting on the Quality of Accounting
Disclosures of Shipping Lines in Nigeria

Babatunde Akeem Lawal

A Thesis Submitted in Partial Fulfillment for the Degree of Doctor of
Philosophy in Accounting in the Jomo Kenyatta University of
Agriculture and Technology.

2016
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DECLARATION
This thesis is my original work and has not been presented for a degree in any other
University.

Signature---------------------------------- Date -----------------------------------
Babatunde Akeem Lawal

This thesis has been submitted for examination with my approval as University
Supervisors.

Signature---------------------------------- Date --------------------------------
Dr. Florence Memba
JKUAT, Kenya

Signature --------------------------------- Date --------------------------------
Dr. Willy Muturi
JKUAT, Kenya
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DEDICATION
I dedicate this thesis to Almighty God for His Love and steadfast Love over my life.
I dedicate this thesis to my late father Mr Waheed Ajibola Lawal for his love, advice,
motivation and words of encouragement towards my academic pursuit. May you
continue to rest with the Lord Almighty till we meet to part no more.
I dedicate this thesis to my Mum and Siblings, God bless you all.

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ACKNOWLEDGEMENT
First, my gratitude goes to our Almighty God for His mercies and grace that have
enabled me to come this far. My sincere gratitude goes to my supervisors Dr. Florence
Memba and Dr. Willy Muturi for their immeasurable guidance, support, encouragement
and time input that enabled me research and write this thesis. I appreciate all my
lecturers in the department of Economics, Accounting and Finance which include Dr.
Mrs Oloko (the Dean School of Business), Dr. Josephat Mboya, Prof. Lucas Oyugi,
Prof. Amadi, and Dr. Riro. To my colleagues Gordon Opuodho, Mr Muli, Edwin Terer
and many others I say thank you all for being part of my academic success. My sincere
appreciation goes to the other staff of the department for the assistance extended to me
in one way or the other. My gratitufde goes to my Mother Mrs F.T. Lawal and my
Siblings Mr & Mrs T. Lawal, Mr. Olayinka Abiola Lawal and Miss Damilola Kehinde
Lawal, I thank you all for standing by me since the inception of this academic program.
My sincere appreciation goes to my mentor and father Prof. I.R. Akintoye the Head of
Department Babcock University Ilisan, Ogun State for his contribution financially,
academically, morally, and words of encouragement since the beginning of this
academic pursuit. I can‘t forget to appreciate Prof. T.O Asaolu Dean, Faculty of
Management Sciences Obafemi Awolowo University, Ile-Ife, Osun State, Prof. W. Atere
of Federal University Oye-Ekiti, Ekiti State and Prof. J. Alamu the Acting Vice
Chancellor of Unisoun, for their fatherly concern and words of encouragement towards
the completion of this program. I will not fail to appreciate Revd & Mrs S.T.
Ogunmodede, Mr & Mrs Folasayo of Faith Baptist Church Mologede, Meiran, Lagos
State for their prayers and support towards me. God bless you all.
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TABLE OF CONTENTS
DECLARATION ........................................................................................................................... ii
DEDICATION .............................................................................................................................. iii
ACKNOWLEDGEMENT ........................................................................................................... iv
TABLE OF CONTENTS .............................................................................................................. v
LIST OF TABLES ....................................................................................................................... ix
LIST OF FIGURES .................................................................................................................... xv
LIST OF APPENDICES ........................................................................................................... xvi
LIST OF ABBREVIATIONS AND ACRONYMS ................................................................ xvii
DEFINITION OF KEY TERMS .............................................................................................. xxi
ABSTRACT ........................................................................................................................... xxii
CHAPTER ONE ........................................................................................................................... 1
INTRODUCTION ......................................................................................................................... 1
1.1 Background of the Study ........................................................................................................... 1
1.2 Problem Statement .................................................................................................................. 11
1.3 Research Objectives ................................................................................................................ 13
1.4 Research Hypotheses .............................................................................................................. 13
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1.5 Significance of the Study ........................................................................................................ 14
1.6 Scope of the Study .................................................................................................................. 15
1.7 Limitations of the Study .......................................................................................................... 15
CHAPTER TWO ........................................................................................................................ 16
LITERATURE REVIEW ........................................................................................................... 16
2.1 Introduction ............................................................................................................................. 16
2.2 Theoretical Framework ........................................................................................................... 16
2.3 Conceptual Framework ........................................................................................................... 33
2.4 Review of Literature on Variable ............................................................................................ 35
2.5 Critique of Existing Literature ................................................................................................ 57
2.6 Research Gap .......................................................................................................................... 61
2.7 Summary….. ........................................................................................................................... 60
CHAPTER THREE .................................................................................................................... 62
RESEARCH METHODOLOGY .............................................................................................. 62
3.1 Introduction ............................................................................................................................. 62
3.2 Research Design ...................................................................................................................... 62
3.3 Population of the Study ........................................................................................................... 64
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3.4 Sampling Frame ...................................................................................................................... 65
3.5 Sample and Sampling Technique ............................................................................................ 65
3.6 Data Collection Instrument ..................................................................................................... 67
3.7 Data Collection Procedure ..................................................................................................... 69
3.8 Pilot Test ............................................................................................................................. 69
3.9 Data Analysis and Presentation ............................................................................................... 72
CHAPTER FOUR ....................................................................................................................... 77
RESEARCH FINDINGS AND DISCUSSION ......................................................................... 77
4.1 Introduction ............................................................................................................................ 77
4.2 Response Rate ......................................................................................................................... 77
4.3 Background Information ......................................................................................................... 82
4.4 Descriptive Analysis ............................................................................................................... 86
4.5 Diagnostic Tests .................................................................................................................... 135
4.6 Correlation Analysis.............................................................................................................. 140
4.7. Pearson Correlation Matrix for Independent and Dependent Variables .............................. 144
4.8. Regression Analysis ............................................................................................................. 147
4.9 Overall Regression Analysis ................................................................................................. 160
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CHAPTER FIVE ....................................................................................................................... 170
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS .......................................... 170
5.1 Introduction ........................................................................................................................... 170
5.2 Summary of Findings ............................................................................................................ 170
5.3 Conclusion ........................................................................................................................... 176
5.4 Recommendations ................................................................................................................. 178
5.5 Areas for Further Research ................................................................................................... 179
REFERENCES .......................................................................................................................... 180
APPENDICES………………………………………………………………………………....203
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LIST OF TABLES
Table. 3.1 Determination of Sample size ..................................................................................... 67
Table 3.2 Measurements of Variables and Analysis of Objectives. ............................................ 76
Table 4.1 Response Rate .............................................................................................................. 78
Table 4.2 Factor Analysis for all Variables .................................................................................. 80
Table 4.3 Reliability Test ............................................................................................................. 82
Table 4.4 Level of Education ....................................................................................................... 84
Table 4.5 Responses on Identification of Environmental Cost .................................................... 90
Table 4.6 Environmental cost information generated by the company ........................................ 91
Table 4.7 Statements describing how the company generates environmental cost
information. ............................................................................................................... 92
Table 4.8 Recipients of the information ....................................................................................... 93
Table 4.9 Internal barriers affect the ability of the company to collect environmental
cost information ......................................................................................................... 94
Table 4.10 Estimation of less tangible environmental costs or benefits of the company ............ 95
Table 4.11 Summary Table for Cross Tabulation of Effective Management Accounting
improves the identification of cost in the company. *Respondents position in
the company. .............................................................................................................. 96
Table 4.12 Responses on Capitalization of Environmental Cost ................................................. 90
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