Environmental, Social and Governance Performance and Cash-Flow Reporting Quality in Firms in Nigeria
ナイジェリア企業における環境・社会・ガバナンス(ESG)パフォーマンスとキャッシュフロー報告品質 (AI 翻訳)
Aishatu Usman Muhammad, Celestine Izunna Ekweozor
🤖 gxceed AI 要約
日本語
本研究はナイジェリアの消費者財企業を対象に、ESGパフォーマンスがキャッシュフロー報告品質に与える影響を分析した。全体のESGと環境の柱は有意な効果を示さなかったが、社会とガバナンスの柱は報告品質を有意に向上させた。規制当局への提言として、セクター固有のサステナビリティ開示要件の強化が含まれる。
English
This study investigates the impact of ESG performance on cash flow reporting quality for listed consumer goods firms in Nigeria (2015-2024). Overall ESG and the environmental pillar show no significant effect, but social and governance pillars significantly improve reporting quality. The authors recommend strengthening sector-specific sustainability disclosure requirements.
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
ナイジェリアを対象とした研究であり、日本のGX文脈への直接的な関連性は低い。ただし、ESGと報告品質の関係性は、日本企業の統合報告や非財務情報開示の実務にも示唆を与える可能性がある。
In the global GX context
This paper contributes to the global understanding of how ESG performance affects financial reporting quality, with evidence from an emerging market. While not climate-specific, it highlights the role of social and governance factors in reducing cash flow manipulation.
👥 読者別の含意
🔬研究者:Researchers studying ESG-financial reporting quality links can find empirical evidence from an African emerging market.
🏢実務担当者:Corporate sustainability teams in emerging markets may use the findings to argue for stronger social and governance practices.
📄 Abstract（原文）
This study, under the growing sustainability obligations and persistent concerns over financial reporting transparency, investigates the influence of Environmental, Social, and Governance (ESG) performance on cash flow reporting quality among listed consumer goods firms in Nigeria. It adopts an ex-post facto research design and analyse panel data spanning 2015–2024. It measures cash flow reporting quality as the absolute abnormal operating cash flow derived from the modified Dechow–Dichev accrual quality framework, while ESG performance was assessed using a structured checklist and an index-based scoring model. Using Ordinary Least Squares (OLS) and Panel Fixed-Effects regressions with leverage and firm size as control variables, the results show that overall ESG performance and the environmental pillar exert no statistically significant effect on cash flow reporting quality. However, the social and governance pillars significantly improve reporting quality, indicating that firms with stronger social responsibility practices and robust governance mechanisms are less prone to cash flow manipulation. The findings highlight the relevance of ESG integration, particularly social engagement and governance oversight, in enhancing financial reporting credibility. Hence, it recommends amongst others that regulatory bodies, including the Financial Reporting Council of Nigeria (FRCN), the Nigerian Exchange Group (NGX), and the Securities and Exchange Commission (SEC), should strengthen sectorspecific sustainability disclosure requirements. Similarly, firms should embed ESG considerations into their operational and risk governance structures, so as to improve cash flow relevance and strengthen investors’ confidence
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.66038/iderj-25-041xfirst seen 2026-05-14 22:14:13
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。