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 |
| _version_ | 1797827822423638016 |
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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 |