FIRMS FINANCIAL CHARACTERISTICS AND SUSTAINABILITY REPORTING OF LISTED MANUFACTURING COMPANIES IN NIGERIA
Abstract
In today world as relates to ecarsamte perspective, the level of sustainability reports and what factors influencing business corporations to engage in sustainability report (SR) is becoming a global istue Thue the study empirically examined the firms characteristics and the level of surtainability reporting of Usted manufacturing firms in Nigeria Thres hypotheses were formuisted in line with the objectives of the staly Ex-post facto research design was adopted in the nuit. The sundy population was made up of 28 quoted industrial and natural resources mamfacturing Arms in Nigeria Sample size of 23 was determined using Taro Yamane's forntula while purposive sampling technique was used to select the samples. Secondary sources of data were collected through content analysis method based on nstainability index with 25 items in line with International Integrared Reporting Council (IIRC 2013) and reviewing of the firme annual reports from 2014-2023 The datst obtained were analysed using descriptive statistics and multiple regression analyst Findings revealed that the manufacturing firms reported 4.2% and xustainability issues in their annual reports at an average level of 24 396 (that is vreironmental reporting 6.8% social and relationships 9% human resources reporting wwellectual 50 an int December 31. 2023 The results also revealed that liquidity and firm size have significant positive influence on custainability reporting leverage has significant negative influence on
sustainability reporting. Thus, it was conchaded from the study that firms financial characteristics are predicted to aggregately determined sustainability reporting in Nigeria It was recommended among others that there is serious need to Improve sustainability reporting by the stringent mandatory reporting efforts of IFRB, the Big 4 auditors and NSE are highly needed for sustainability reporting by firms while making a clarion call for integrated reporting (UR) adoption soonest in Nigeria
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