Sustainability Disclosure and Sustainable Business Growth in Developing Countries: Evidence from Nigeria Using Panel Corrected Standard Errors, Feasible Generalized Least Squares and Quantile Regression Techniques
サステナビリティ開示と発展途上国における持続可能なビジネスの成長：ナイジェリアの証拠に基づくPCSE、FGLS、量子回帰分析 (AI 翻訳)
A. Alabi, Mubaraq Sanni, Mustapha Abdulrasaq
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリア上場企業94社の2016〜2022年のデータを用い、サステナビリティ開示が持続可能なビジネス成長に与える影響をPCSE、FGLS、量子回帰で分析。環境・社会・経済開示はいずれも成長に正の影響を与え、特に高成長企業で効果が顕著。規制当局に対し包括的な開示推奨。
English
This study examines the impact of sustainability disclosure on sustainable business growth using panel data from 94 listed companies in Nigeria (2016-2022). Robust regression techniques (PCSE, FGLS, quantile regression) show that environmental, social, and economic disclosures positively affect growth, with stronger effects at higher growth levels. Regulators are advised to mandate comprehensive 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
ナイジェリア企業の事例だが、日本企業がアフリカ進出する際の開示実務や、途上国におけるサステナビリティ開示の経済効果を理解する参考になる。日本のSSBJや有報における非財務情報の価値関連性議論にも示唆。
In the global GX context
While specific to Nigeria, this paper provides empirical evidence from a developing country on the business case for sustainability disclosure, complementing studies from developed markets. It adds to the global discourse on the economic benefits of ESG reporting, relevant for ISSB and other standard-setters considering differential impacts across economies.
👥 読者別の含意
🔬研究者:Empirical evidence on sustainability disclosure-growth nexus in a developing economy, using robust panel methods.
🏢実務担当者:Illustrates potential growth benefits from comprehensive sustainability reporting for companies in similar regulatory environments.
🏛政策担当者:Supports policies mandating sustainability disclosure to enhance corporate sustainable growth.
📄 Abstract（原文）
The introduction of sustainability practices into sustainable business growth model remains a pressing concern, despite the emergence of sustainability disclosure being a critical tool for communicating firm’s commitment to sustainable practices. More so, sustainability disclosures vary significantly across developing economies like Nigeria where economic challenges and regulatory frameworks often lag behind global standards. This study therefore examined the impact of sustainability disclosure on sustainable business growth among listed companies in Nigeria. The study covers 94 sampled listed companies on the Nigerian Exchange Group (NGX) spanning across all sectors.The study relies on secondary data drawn from the audited annual reports and sustainability reports of the sampled companies between 2016 to 2022. Using robust regression techniques, including Panel-Corrected Standard Errors (PCSE), Feasible Generalized Least Squares (FGLS), and Simultaneous Quantile Regression (QR), the findings revealed that sustainability disclosures significantly enhance sustainable business growth. Environmental, social, and economic disclosures contribute positively to sustainable business growth, with the strongest impact observed among firms at higher levels of sustainable growth. The study concluded that sustainability disclosures, and its individual pillars significantly enhance sustainable business growth. Regulatory authorities are advised to encourage comprehensive sustainability disclosures for companies in order to maximize the benefits of sustainability practices.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.4038/jbt.v10i1.179first seen 2026-05-05 23:22:20
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。