Firm characteristics and financial reporting quality: The moderating role of sustainability disclosure in the Nigerian Listed Financial Service Firms
企業特性と財務報告の質：ナイジェリア上場金融サービス企業におけるサステナビリティ開示の調整効果 (AI 翻訳)
Mohammed Mahmud Kakanda, Jamilu Babayo, Ahmed Ishaku Adamu
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリア上場金融サービス企業を対象に、サステナビリティ開示（SD）が企業特性と財務報告品質（FRQ）の関係をどのように調整するかを検証した。固定効果回帰分析の結果、SDは負の直接効果を持ち、レバレッジや収益性とFRQの関係を負に調整することが明らかになった。規制当局は、特に高レバレッジ・高収益企業における利益管理の監視強化が求められる。
English
This study examines the moderating role of sustainability disclosure (SD) on the relationship between firm characteristics and financial reporting quality (FRQ) in Nigerian listed financial services firms using fixed effects regression. Results show that SD has a significant negative direct effect on FRQ and negatively moderates the relationship between leverage/profitability and FRQ. The study recommends stronger regulatory enforcement to curb earnings management, especially in highly leveraged and profitable firms.
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基準に基づくサステナビリティ開示が進むが、本稿はナイジェリア限定の分析であり、直接的な示唆は限定的。ただし、開示と財務報告品質の関係は日本でも監視すべき点であり、新興市場の事例として参考になる可能性がある。
In the global GX context
This paper contributes to the global discourse on the real effects of sustainability disclosure by providing evidence from an emerging market (Nigeria). It highlights that sustainability disclosure can negatively moderate financial reporting quality, which is relevant for understanding the unintended consequences of ESG mandates in developing economies, though the findings may not directly apply to mature markets with stronger enforcement.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the moderating effect of sustainability disclosure on financial reporting quality in an emerging market context, useful for comparative studies.
🏢実務担当者:Highlights how sustainability disclosure practices may affect financial reporting quality, particularly for leveraged and profitable firms, offering caution for firms in emerging markets.
🏛政策担当者:Suggests that regulators in emerging economies should strengthen enforcement mechanisms to curb earnings management, especially when sustainability disclosure is prevalent.
📄 Abstract（原文）
This study examines the moderating effect of Sustainability Disclosure (hereinafter, Sustainability Reporting) on the relationship between Firm Characteristics and Financial Reporting Quality (FRQT) of listed Financial Servies Firms in Nigeria. For the purpose of this study, Firm Characteristics were proxied by Firm Size (FMSZE), Firm Leverage (FLVRG), Liquidity (LQDT), Profitability (PROFTY) and Sales Growth (SGRWTH) while the moderating variable remains Sustainability Reporting proxied by total sustainability disclosure (TSD). The Data for this study were collected from the audited annual reports and accounts of 41 sampled listed Financial Servies Firms covering the period of 2016 to 2024. For the data analysis purpose in this study, Fixed Effect (FE) Regression Model was used. The Regression result obtained under the direct effect depicts that Firm Leverage, Profitability, and Sales Growth have a significant positive effect on FRQT. Contrastingly, total sustainability disclosure (TSD) has a significant negative effect on the FRQT. Whereas Firm size and Liquidity have a negative, but insignificants effect on FRQT of listed financial service firms in Nigeria. In consideration to the indirect effect, the study found that total sustainability disclosure (TSD) negatively and significantly moderates the relationship between Firm characteristics (Firm Leverage (FLVRG) and Profitability (PROFTY)) and FRQT. However, TSD does not significantly moderates the relationship between FMSZE, LQDT and SGRWTH and FRQT of listed financial service firms in Nigeria. Hence, the study concludes that TSD moderates the relationship between Firm Characteristic and financial reporting quality of listed financial service firms in Nigeria. Therefore, the study recommends that regulatory authorities such as the Financial Reporting Council of Nigeria and the Central Bank of Nigeria should strengthen monitoring and enforcement mechanisms to curb financial reporting quality (earnings management), particularly in highly leveraged, profitable, and fast-growing firms. This can be achieved through strict compliance reviews, enhanced audit requirements, and more rigorous scrutiny of discretionary accruals in financial reports.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.33545/26179210.2026.v9.i7.896first seen 2026-07-24 05:55:37
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