Moderating Effect of Corporate Governance on the Relationship Between Sustainability Reporting and Firm Value of Listed Oil and Gas Companies in Nigeria
ナイジェリア上場石油・ガス企業におけるコーポレートガバナンスがサステナビリティ報告と企業価値の関係に与える調整効果 (AI 翻訳)
Popoola, Muhammad Lanre, Mustafa, Moa (Prof), Ayeni, Abdulhakeem Adeyemi
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリアの石油・ガス上場企業を対象に、コーポレートガバナンスがサステナビリティ報告と企業価値の関係に与える調整効果を検証している。サステナビリティ報告の普及が進むナイジェリアにおいて、ガバナンスの質が企業価値向上に果たす役割を実証的に分析している。
English
This study examines the moderating effect of corporate governance on the relationship between sustainability reporting and firm value among listed oil and gas companies in Nigeria. It contributes to the literature on ESG disclosure in emerging markets, highlighting the role of governance quality in enhancing the value relevance of sustainability reporting.
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
本論文はナイジェリアを対象としていますが、新興国におけるサステナビリティ報告とガバナンスの相互作用を示しており、日本の企業が国際展開する際のESG開示戦略にも示唆を与えます。日本のコーポレートガバナンス・コードやスチュワードシップ・コードの文脈でも参考になります。
In the global GX context
This paper provides evidence from an emerging market (Nigeria) on the moderating role of corporate governance in the sustainability reporting-firm value nexus. It underscores the importance of governance quality for the value relevance of ESG disclosures, relevant for global standard-setters and investors assessing emerging market risks.
👥 読者別の含意
🔬研究者:Researchers interested in ESG disclosure in emerging markets and the role of corporate governance will find this study's empirical evidence useful.
🏢実務担当者:Corporate sustainability teams in emerging markets can use these insights to strengthen governance mechanisms for better value creation from reporting.
🏛政策担当者:Policymakers in countries considering mandatory ESG disclosure can note the importance of governance infrastructure.
📄 Abstract（原文）
The modern business environment necessitates continuous organizational adaptation to maintain competitive value in evolving markets. Firm valuation, conceptualized as the premium investors are willing to pay for corporate ownership, serves as a comprehensive indicator of both tangible assets and managerial efficacy in value creation (Massie et al., 2017; Setiadharma & Machali, 2017). Contemporary corporate reputation management extends beyond financial metrics to incorporate environmental, social, and governance (ESG) dimensions, with robust non-financial disclosure frameworks becoming increasingly critical for capital acquisition and shareholder value optimization. This paradigm shift has occasioned the development of sustainability reporting (SR) as an institutionalized practice for disclosing organizational impacts across economic, environmental, and social domains (Global Reporting Initiative, 2017a). As a relatively recent innovation, SR has emerged as a strategic tool for ESG risk assessment, opportunity identification, and organizational transparency enhancement (Global Reporting Initiative, 2017). The implementation of SR frameworks facilitates improved strategic planning, operational adaptability, and business continuity in an era where sustainability considerations significantly influence corporate decision-making and stakeholder expectations. Within the Nigerian context, SR adoption remains predominantly voluntary, with mandatory compliance limited to premium board-listed entities. Current motivations for SR implementation frequently emphasize philanthropic corporate social responsibility (CSR) initiatives and reputational enhancement, raising concerns about potential greenwashing practices (Okwuosa, 2024).
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.51583/ijltemas.2026.150500129first seen 2026-06-12 05:44:59 · last seen 2026-06-16 05:06:47
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