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Firm Characteristics And Sustainability Reporting Of Listed Manufacturing Companies In Nigeria

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Abstract

The campaign by arrays of stakeholders against environmental degradation arising from impact of organization production activities have increased the demand for sustainability reporting in recent years in view of its implications on the economy (business risk) and society at large. Similarly, the renewed agitation by stakeholders for comprehensive information capable of harnessing the interests of all stakeholders through social, economic and environmental factors have brought to limelight the need for sustainability reporting. Furthermore, the age long relevance and reliability hitherto attached to financial statement as medium of information on economic matters is fast declining due to its failure to capture non-financial information which may be crucial to the survival of the organization. The study is supported by legitimacy and stakeholders theories respectively. This study probes into relevant firm characteristics capable of enhancing sustainability disclosure to avert or minimize hazards associated with manufacturing firms in Nigeria. Data was collected from secondary sources but mainly from annual reports and accounts of selected manufacturing firms. Panel regression model was adopted for data analysis. The findings revealed that corporate governance (proxy by board size and board independence) affects sustainability reporting of listed manufacturing firms in Nigeria negatively. The study further established a positive association between firm growth and sustainability reporting while the study finds no statistical association between firm size and sustainability reporting. The study recommends that companies should restrain from acquiring additional assets while placing emphasis on managerial efficiency. More experts should be appointed into the corporate governance board for possible influence on managerial decisions. Lastly, firm performance should be enhanced through increase in revenue generation.

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  • Mariam Abosede, Tiamiyu, & Godwin Emmanuel , Oyedokun, & Aderemi, Adeyemo,, 2021. "Firm Characteristics And Sustainability Reporting Of Listed Manufacturing Companies In Nigeria," Multidisciplinary Journal of Management Sciences, Association of Forensic Accounting Researchers (AFAR), vol. 3(1), pages 1-18, June.
    • Handle: RePEc:ris:amjoms:0025
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    1. Sam Dallyn, 2017. "An examination of the political salience of corporate tax avoidance: A case study of the Tax Justice Network," Accounting Forum, Taylor & Francis Journals, vol. 41(4), pages 336-352, December.
    2. James Alm & Keith Finlay, 2013. "Who Benefits from Tax Evasion?," Economic Analysis and Policy, Elsevier, vol. 43(2), pages 139-154, September.
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    1. Ladini, Mark Juliana & Associate Professor ORBUNDE, Bemshima & Dr. Daniel Emmanuel Kayode, 2024. "Effect of Board Size and Board Meeting Frequency on Environmental Disclosure of Listed Manufacturing Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(1), pages 236-254, January.

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