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
International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 5, July-August 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD44977 | Volume – 5 | Issue – 5 | Jul-Aug 2021
Page 1028
Sustainability Reporting and Corporate Performance of
Conglomerate and Industrial Goods Firms in Nigeria:
An Empirical Study
Okoye, Ezinne Chimaram; Ezeagba, Charles Emenike
Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria
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.
KEYWORDS: Sustainability Reporting, corporate performance,
return on assets, market share
How to cite this paper: Okoye, Ezinne
Chimaram | Ezeagba, Ch