CORPORATE SUSTAINABILITY DISCLOSURE AND EARNINGS MANAGEMENT PRACTICES OF PREMIUM BOARD COMPANIES LISTED ON THE NIGERIAN EXCHANGE GROUP (NGX)
ナイジェリア取引所グループ（NGX）のプレミアムボード上場企業における企業のサステナビリティ開示と利益操作行動 (AI 翻訳)
IBRAHIM, Kamaluddeen Funsho Adisa, NDU, Mercy
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリア取引所グループのプレミアムボード上場企業を対象に、サステナビリティ開示（ESG）が利益操作に与える影響を分析。環境開示は利益操作を抑制する一方、社会開示は逆に促進する結果を示した。ガバナンス開示は有意な影響なし。規制当局への示唆として、社会開示の枠組み見直しと第三者検証の必要性を提言。
English
This study examines the impact of corporate sustainability disclosure on earnings management among Premium Board companies listed on the Nigerian Exchange Group. Using data from 2014-2023, it finds that environmental disclosure significantly curbs earnings management, while social disclosure unexpectedly encourages it. Governance disclosure shows no significant effect. The paper recommends regulatory improvements including third-party verification for social disclosures.
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市場が対象であり、日本企業に直接適用は難しいが、ESG開示が財務報告に与える影響という観点で、日本におけるサステナビリティ情報の信頼性向上や開示フレームワーク設計への示唆を含む。特に社会開示の逆効果は、日本の統合報告書やSSBJ基準における非財務情報の質的管理に注意を促す。
In the global GX context
This paper provides empirical evidence from an African emerging market on the relationship between ESG disclosure and earnings management. While not directly linked to major global frameworks like TCFD or ISSB, it highlights the risk that social disclosure may be used as a tool for impression management. This is relevant for global discussions on the integrity of sustainability disclosure and the need for assurance mechanisms.
👥 読者別の含意
🔬研究者:Provides evidence on the differential impact of ESG components on earnings management, useful for scholars studying disclosure quality and corporate behavior in emerging markets.
🏢実務担当者:Corporate sustainability teams should be aware that social disclosure may require stronger internal controls to prevent manipulation; environmental disclosure appears to enhance transparency.
🏛政策担当者:Regulators in emerging markets can use these findings to refine disclosure frameworks and consider mandatory third-party verification for social reporting.
📄 Abstract（原文）
This research investigates the influence of corporate sustainability disclosure on earnings management within companies listed on the Premium Board of the Nigerian Exchange Group (NGX). The study specifically assesses how disclosures related to environmental, social, and governance (ESG) factors affect the propensity for earnings manipulation. Employing an ex post facto research design, the analysis is based on secondary data collected over a ten-year period from 2014 to 2023. To determine the relationship between the variables, a robust least squares regression technique was utilized. The results indicate that environmental sustainability disclosure significantly curtails earnings management (B=−0.4473, p<0.001), suggesting it fosters greater transparency and corporate accountability. Conversely, social sustainability disclosure demonstrated a positive and significant correlation with earnings management (B=0.5264, p<0.001), implying that engagement in social initiatives might create unintended incentives for manipulating financial reports. The impact of governance sustainability disclosure was not found to be statistically significant (B=0.1307, p=0.1046). Regarding control variables, firm size was observed to have a significant positive relationship with earnings management (B=0.0486, p<0.001), whereas leverage did not show a significant link (B=−0.0045, p=0.4086). In light of these outcomes, the study puts forward a recommendation for regulators and policymakers to reassess and amend disclosure frameworks to mitigate the adverse consequences associated with social sustainability reporting. Enhancing regulatory supervision and mandating third-party verification could bolster the capacity of sustainability disclosures to deter earnings management and champion ethical financial conduct.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.5281/zenodo.17084887first seen 2026-05-05 19:08:38
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