SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA

Authors

  • Aiyesan, Olabode Olutola Ph.D Adekunle Ajasin University, Akungba-Akoko, Ondo State Nigeria

DOI:

https://doi.org/10.57233/gujaf.v3i3.180

Keywords:

community relation, research & development, dividend, employee relation, financial performance

Abstract

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.

Author Biography

Aiyesan, Olabode Olutola Ph.D, Adekunle Ajasin University, Akungba-Akoko, Ondo State Nigeria

Department of Accounting,
Adekunle Ajasin University, Akungba-Akoko, Ondo State Nigeria

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Published

2023-05-09

How to Cite

Aiyesan, O. O. (2023). SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA. Gusau Journal of Accounting and Finance, 3(3), 33. https://doi.org/10.57233/gujaf.v3i3.180