Triple Bottom Line Disclosure and Bottom Line Performance of Quoted Companies in Nigeria
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 8
Abstract
Abstract:This research investigates the impact of triple bottom line (TBL) disclosure (economic, social and environmental disclosure) on the financial performance (bottom line performance) of non-financial firms listed in Nigerian stock exchange between the period 2005 to 2016. TBL is measured by the level of disclosure of economic, social and environmental initiatives, while bottom line or financial performance is measured by Return on Assets (ROA), Return on Equity (ROE) and Net Profit Margin (NPM). Multivariate regression models were specified for testing formulated hypotheses. The hypotheses revealed that while TBL Disclosure has a significant impact on ROA and ROE, it does not have a significant impact on NPM of companies quoted on the Nigeria Stock Exchange. It was recommended from the findings that firms should alongside economic performance disclosure, increase their disclosure of environmental and social initiatives and investments in order to improve their bottom lines and value. Keywords:Triple Bottom Line (TBL) Disclosure, Bottom Line Performance, Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM)
Authors and Affiliations
Inah Okpa, Ejoh, Ndifon Ojong, Ejoh, Priscilla Ndifon
Keywords
Related Articles
- EP ID EP385081
- DOI -
- Views 129
- Downloads 0
The verification of purchasing power parity model: evidence from US and Canada
Abstract: Purchasing power parity theory discusses and compares the relationship of purchasing power of different currencies in different countries. It provides a better prediction method for the movement of long-term ex...
Comparisons of Consumer Behavior towards Organic Vegetables between Developed and Developing Countries (Case Study: Comparisons between Japan and Indonesia)
Abstract:The total of organic farming area in Asia is 2.9 million hectares, or equal to 9% of the land area in the organic farming world. However, it still can’t meet the demand of organic products in Asia that continues...
A Survey on Malaysia’s Banks Efficiency: Using Data Envelopment Analysis
Malaysia’s banking industry is undergoing changes and overall competition. Commercial banks in Malaysia not only need to become profitable, but also efficient in order to enhance the economic growth and survive against i...
The Role of Personality System Succession Pattern in Family Business in Indonesia
Abstract:The fact shows that 30 percent of family business can survive in second generation of family ownership, and only 15 percent survive in third generation. This indicates that it is important to study important fac...
What Young People Pursuit? The Value in Social Interaction Platforms
The reach of social interaction platforms (SIP) has rapidly risen to 2nd place, just falling behind major portal websites. Due to the communication features and possibilities that social interaction platforms offer, it b...