Sustainability Reporting and Corporate Performance of Conglomerate and Industrial Goods Firms in Nigeria An Empirical Study
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2021, Vol 5, Issue 5
Abstract
Sustainability reporting remains a continuing concern as stakeholders demand for firms to be more socially, environmentally, and economically responsible continues to increase especially in developing countries like Nigeria. Thus, the study examined the effect of sustainability reporting disclosures of conglomerate and industrial goods manufacturing firms in Nigeria on their market share and return on assets. The study employed an ex post facto research design as data were obtained from the annual report of firms for a period of ten years 2010 2019 . Multiple regression analytical tools with the help of SPSS version 23 were used in analyzing the data for 16 conglomerate and industrial goods firms selected using the purposive sampling technique. The findings revealed that sustainability reporting has positive effect on market share and return on assets of firms studied. Based on the findings, it was concluded that sustainability reporting affects the performance of manufacturing firms and it was recommended that standard setters and government should develop a standard mandatory disclosure framework to ensure consistency and uniformity in reporting and also, companies are encouraged to disclose their economic, social and environmental information all geared to help stakeholders make informed decision. Okoye, Ezinne Chimaram | Ezeagba, Charles Emenike "Sustainability Reporting and Corporate Performance of Conglomerate and Industrial Goods Firms in Nigeria: An Empirical Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd44977.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/44977/sustainability-reporting-and-corporate-performance-of-conglomerate-and-industrial-goods-firms-in-nigeria-an-empirical-study/okoye-ezinne-chimaram
Authors and Affiliations
Okoye, Ezinne Chimaram | Ezeagba, Charles Emenike
Keywords
Related Articles
- EP ID EP699692
- DOI -
- Views 117
- Downloads 0
Android Based Image Steganography
In this paper, text information is encoded behind the Image cover object at the sender and decoded at the receiver, provided by additional security features in the application. In this paper, we propose an In this paper,...
Economic Impact of MGNREGA Workers in Thiruvananthapuram District
MGNREGA is an ambitious scheme providing employment to rural people of India. The basic aim of Mahatma Gandhi National Rural Employment Guarantee Act is to enhance livelihood security of household in rural area. By this...
English-Phobia: Causes and Remedies
The article examines the causes and remedies of poor English teaching and learning in primary and post- primary schools and recommends measures to overcome them. Among the root causes of English phobia in schools are the...
Design and Development of Effervescent Floating Tablet Dapagliflozin
The objective of the present study was to formulate and evaluate Effervescent Floating Tablet of Dapagliflozin for the treatment of antidepressant agent. Tablets were prepared by direct compression using directly compres...
Development of Creative Ability of Students in the System of Continuous Education
At the present stage of deep economic and social changes in the development of our society, one of the main tasks of modern pedagogy remains the search for ways and means to improve the quality of students education. Abd...