SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA
This study examines the effect of sustainability reporting (SR) on financial-performance of listed manufacturing firms in Nigeria from 2010 to 2020. Ex-post facto research design was employed and 24 firms form 8 sectors were sampled. Data were sourced from their annual report and analysed using Pan...
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Format: | Article |
Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2023-05-01
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Series: | Gusau Journal of Accounting and Finance |
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Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/180 |
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author | Olabode Olutola Aiyesan |
author_facet | Olabode Olutola Aiyesan |
author_sort | Olabode Olutola Aiyesan |
collection | DOAJ |
description |
This study examines the effect of sustainability reporting (SR) on financial-performance of listed manufacturing firms in Nigeria from 2010 to 2020. Ex-post facto research design was employed and 24 firms form 8 sectors were sampled. Data were sourced from their annual report and analysed using Panel-regression technique. The study found positive significant connection linking DP, ERS and R&D and financial performance while CRS has negative insignificant effect on financial-performance. Base on the findings, the study concluded that SR has positive influence on financial-performance of listed manufacturing firms in Nigeria. The study recommended that relevant authorities should encourage firms to report SR on real-time and make reporting compulsory and not voluntary. There should be strict enforcement on firms to increase investment in R&D as this will increase profitability and help climate change.
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first_indexed | 2024-04-09T12:54:31Z |
format | Article |
id | doaj.art-22d4936da5d9486fab217d4d8d5b1e34 |
institution | Directory Open Access Journal |
issn | 2756-665X 2756-6897 |
language | English |
last_indexed | 2024-04-09T12:54:31Z |
publishDate | 2023-05-01 |
publisher | Department of Accounting and Finance, Federal University Gusau |
record_format | Article |
series | Gusau Journal of Accounting and Finance |
spelling | doaj.art-22d4936da5d9486fab217d4d8d5b1e342023-05-13T23:51:31ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972023-05-013310.57233/gujaf.v3i3.180SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIAOlabode Olutola Aiyesan0Adekunle Ajasin University, Akungba-Akoko, Ondo State Nigeria This study examines the effect of sustainability reporting (SR) on financial-performance of listed manufacturing firms in Nigeria from 2010 to 2020. Ex-post facto research design was employed and 24 firms form 8 sectors were sampled. Data were sourced from their annual report and analysed using Panel-regression technique. The study found positive significant connection linking DP, ERS and R&D and financial performance while CRS has negative insignificant effect on financial-performance. Base on the findings, the study concluded that SR has positive influence on financial-performance of listed manufacturing firms in Nigeria. The study recommended that relevant authorities should encourage firms to report SR on real-time and make reporting compulsory and not voluntary. There should be strict enforcement on firms to increase investment in R&D as this will increase profitability and help climate change. https://journals.gujaf.com.ng/index.php/gujaf/article/view/180community relationresearch & developmentdividendemployee relationfinancial performance |
spellingShingle | Olabode Olutola Aiyesan SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA Gusau Journal of Accounting and Finance community relation research & development dividend employee relation financial performance |
title | SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA |
title_full | SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA |
title_fullStr | SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA |
title_full_unstemmed | SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA |
title_short | SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA |
title_sort | sustainability reporting and financial performance of listed manufacturing firms in nigeria |
topic | community relation research & development dividend employee relation financial performance |
url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/180 |
work_keys_str_mv | AT olabodeolutolaaiyesan sustainabilityreportingandfinancialperformanceoflistedmanufacturingfirmsinnigeria |