IMPACT OF SUSTAINABILITY REPORTING ON FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOOD COMPANIES IN NIGERIA
Abstract
ABSTRACT
This study examines the effect of sustainability reporting on financial performance of quoted industrial goods companies in Nigeria.Secondary source was used to collect the relevant data. Data in relation to sustainability reporting were extracted from the firm’s annual reports as well as standalone sustainability reports. However, data on financial performance were collected from the firm’s accounts and annual reports. STATA statistical software was used for the analysis. The regression result revealed that Sustainability reporting indices have a strong positive impact on return on equity, return on assets and earnings per share of listed industrial goods companies listed on the NigerianExchange group. Based on the findings, this study therefore, concludes that sustainability reporting has a significant effect on the financial performance of listed industrial goods companies in Nigeria. This study therefore, recommends among others that, listed Nigerian industrial goods firms should emphasize more on reporting their sustainability activities as it is capable of improving their financial performance. The policy makers and standard setting organizations should facilitate the issuance of a sector specific reporting guidelines to facilitate compliance.
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.