IMPACT OF SUSTAINABILITY REPORTING ON CORPORATE PERFORMANCE OF SELECTED QUOTED COMPANIES IN NIGERIA

IMPACT OF SUSTAINABILITY REPORTING ON
CORPORATE PERFORMANCE OF SELECTED QUOTED COMPANIES IN NIGERIA

ABSTRACT

The principal objective of this research is to ascertain the Impact of Sustainability Reporting on Corporate Performance of Selected Quoted Companies in Nigeria. The specific objectives of this research are: to ascertain the level of impact of sustainability reporting on return on equity of companies listed on the Nigeria Stock Exchange; to examine the level of impact of sustainability reporting on return on assets of companies listed on the Nigerian Stock Exchange; to ascertain the level of impact of sustainability reporting on earnings per share of companies listed on the
Nigerian Stock Exchange; to examine the level of impact of sustainability reporting on net profit margin of companies listed on the Nigerian Stock Exchange. This research employed ex-post facto design. The sample for the study was made up of 64 companies selected from 76 non financial companies quoted on the Nigerian Stock Exchange. This research utilised secondary data. A model specification based on regression model was used. The statistical technique employed in testing the hypotheses was the student t – test statistic. Findings from this study show that
Sustainability Reporting impacted positively on financial performance of companies investigated. Companies are therefore encouraged to adopt this reporting system.