How Institutional and Foreign Ownership Drive ESG Disclosure in Nigeria?
ナイジェリアにおける機関投資家および外国人所有がESG開示をどのように促進するか？ (AI 翻訳)
Yahaya, Onipe Adabenege
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリアの上場企業143社を対象に、機関投資家および外国人所有がESG開示に与える影響を分析。パネル回帰分析の結果、両方の所有タイプがESG開示の水準と正の関係にあることが示された。所有構造が新興市場でのサステナビリティ報告を促進する可能性を示唆。
English
This study examines the impact of institutional and foreign ownership on ESG disclosure among 143 listed firms in Nigeria using panel regression. Results show a significant positive relationship, suggesting these ownership types enhance corporate accountability and sustainability reporting in emerging markets.
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
ナイジェリアの事例だが、日本でも外国人投資家や機関投資家のESG開示への影響は関心事。ただし、日本の制度（SSBJ、有報）とは直接関係なく、参考程度。
In the global GX context
While focused on Nigeria, this paper contributes to the global discourse on ownership structure and ESG disclosure, relevant for emerging markets. It offers comparative insights for international investors and regulators interested in ownership-driven transparency.
👥 読者別の含意
🔬研究者:Provides empirical evidence on ownership-ESG link in an understudied African market, useful for comparative governance studies.
🏢実務担当者:Highlights that attracting institutional and foreign investors can improve ESG reporting, relevant for corporate strategy in emerging economies.
🏛政策担当者:Suggests policies to encourage institutional and foreign ownership to enhance ESG transparency in developing countries.
📄 Abstract（原文）
The increasing global emphasis on sustainable business practices has intensified scrutiny on corporate Environmental, Social, and Governance (ESG) disclosure, yet the role of ownership structure in shaping such disclosure remains underexplored in emerging markets. This study investigates the effect of institutional and foreign ownership on ESG disclosure among publicly listed firms. The purpose is to determine whether these ownership types influence the transparency and quality of ESG reporting. A panel dataset comprising 143 firms across key sectors over ten years (2014–2023) was analyzed using panel regression models, controlling for firm profitability, leverage, and size. The findings reveal a significant positive relationship between both institutional and foreign ownership and the level of ESG disclosure, suggesting that these owners act as catalysts for enhanced corporate accountability and sustainability reporting. However, the study is limited by its reliance on secondary data and exclusion of private firms, which may restrict the generalizability of the results. Practically, the findings encourage regulatory bodies to promote policies that attract such owners to foster ESG transparency. Socially, the study underscores the value of diverse ownership in promoting stakeholder-oriented practices. The study contributes original insights by linking ownership composition with sustainability performance in the context of emerging markets.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.5281/zenodo.15668893first seen 2026-05-05 19:08:04
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