ナイジェリア上場消費財企業の財務パフォーマンスに対するサステナビリティ報告の効果
EFFECT OF SUSTAINABILITY REPORTING ON THE FINANCIAL PERFORMANCE OF QUOTED CONSUMER GOODS FIRMS IN NIGERIA (原題)
Adekunle R. Onaolapo, S. O. RAHMON-TAJUDEEN
🤖 gxceed AI 要約
日本語
ナイジェリアの上場消費財製造企業10社を対象に、2011〜2025年の監査済み年次報告書データを用い、サステナビリティ報告がROAに与える影響をパネル回帰で分析した研究。環境報告（p=0.0005）、社会報告（p=0.0002）、経済報告（p=0.0003）がいずれも有意であり、サステナビリティ報告が財務パフォーマンスに影響することを示す。短期収益には負担となる一方、市場評価や競争優位の向上につながる可能性を指摘し、中核戦略への統合を提言する。
English
Panel regression on 10 listed Nigerian consumer-goods manufacturers (2011–2025 audited reports) tests whether sustainability reporting affects ROA. Environmental (p=0.0005), social (p=0.0002) and economic (p=0.0003) reporting are all significant, supporting a link between sustainability disclosure and financial performance. The authors note short-term cost burdens but argue firms should embed sustainability reporting in core strategy.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準・有価証券報告書のサステナビリティ開示が義務化方向にあり、「開示コスト vs 財務リターン」の議論は日本企業の経営判断に直結する。新興国での実証結果は、開示の経済的効果を測る比較材料として日本の実務者・研究者に示唆を与える。
In the global GX context
Adds emerging-market evidence to the global debate on whether sustainability disclosure pays off financially — relevant to ISSB/CSRD cost-benefit discussions, which have been dominated by EU and developed-market samples. Useful for regulators weighing mandatory disclosure burdens on firms in lower-capacity markets.
👥 読者別の含意
🔬研究者:新興国・消費財セクターにおけるESG開示と財務成果の関係について、単一国パネルデータの実証例として参照できる。
🏢実務担当者:開示の短期コストと中長期の市場評価・競争優位のトレードオフを経営層に説明する材料になる。
🏛政策担当者:開示義務化の費用対効果を検討する際、途上国企業への負担と便益の実証的根拠として参考になる。
📄 Abstract（原文）
Firms that proactively disclose their sustainability impact benefit from improved market valuation, reduced environmental liabilities, and competitive advantages through sustainability-driven innovation. However, sustainability reporting involves financial burdens including compliance disclosure requirements, investments in cleaner technologies, regulatory compliance, and process reengineering, all of which negatively impact short-term profitability. The study, therefore, examined the effect of sustainability reporting on the financial performance of quoted consumer goods manufacturing firms in Nigeria. The study adopted an ex-post facto research design, with data sourced mainly from the audited annual reports of selected consumer goods manufacturing firms on the Nigerian Exchange Group for the period 2011-2025. The population of the study consists of twenty-one (21) consumer goods manufacturing firms as at December, 2025. The sample size of ten (10) consumer goods manufacturing firms in Nigeria was arrived at using a purposive sampling technique, whereby consumer goods firms that have their annual report and accounts readily accessible for the study period were selected. Analytical techniques adopted in the study consist of both descriptive and inferential statistics. Descriptive statistics such as mean, median, and standard deviation were used to describe the study variables while inferential statistics such as panel regression analysis was adopted to examine the effect of sustainability reporting on Return on Assets (ROA) of listed consumer goods manufacturing firms in Nigeria. All tests for significance were conducted at 5%. Findings from random regression revealed that environmental reporting (p= 0.0005), social reporting (p= 0.0002), and economic reporting (p= 0.0003) were significant. The study established that sustainability reporting influences the financial performance of listed consumer goods manufacturing firms in Nigeria. It is recommended that consumer goods manufacturing firms should integrate sustainability reporting into their core corporate strategy.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.70382/caijmsbar.v13i7.0134first seen 2026-11-07 05:08:07
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