Sustainability Reporting and Operational Performance of Selected Environmentally Sensitive Firms in Nigeria
ナイジェリアにおける環境感受性企業のサステナビリティ報告と運用パフォーマンス (AI 翻訳)
Promise Nkak (Ph.D.), Eyo Ekpe (Ph.D.)
🤖 gxceed AI 要約
日本語
ナイジェリア上場企業8社の2019～2024年データを用い、ESG開示が運用パフォーマンスに与える影響を検証。環境・ガバナンス開示は正の効果、社会開示は負の効果を示すが、いずれも統計的に有意ではない。企業年数は負の有意な影響を与える。ランダム効果モデルが最適とされた。
English
Using panel data of 8 Nigerian listed firms (2019-2024), this study examines the impact of ESG disclosure on operational performance. Environmental and governance reporting show positive but insignificant effects; social reporting shows negative insignificant effect. Firm age has a significant negative impact. Random effects model is preferred.
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
ナイジェリア市場におけるESG報告の実証研究であり、日本企業が同国に進出する際の開示実務の参考となる可能性がある。ただし、日本のSSBJや有報制度との直接的な接点は薄い。
In the global GX context
Provides empirical evidence on ESG disclosure and performance from an understudied African market. Useful for global disclosure scholarship comparing firm-level outcomes across jurisdictions. The limited statistical significance suggests that mere compliance may not drive performance.
👥 読者別の含意
🔬研究者:Contributes longitudinal evidence on ESG-performance link in an emerging market, using GRI-based indices.
🏢実務担当者:Suggests that for Nigerian firms, ESG disclosure alone does not significantly boost operational performance; strategic integration needed.
🏛政策担当者:Indicates that mandatory ESG reporting may not directly improve firm performance; complementary policies needed.
📄 Abstract（原文）
This study investigated the impact of sustainability reporting on the operational performance of environmentally sensitive firms listed on the Nigerian Exchange Group (NGX). Employing an ex post facto research design, the study utilized secondary data derived from the annual and sustainability reports of eight firms between 2019 and 2024. Environmental, social, and governance (ESG) disclosure indices were developed via content analysis, utilizing a binary scoring methodology aligned with the Global Reporting Initiative (GRI) framework. Analytical procedures included descriptive statistics, correlation analysis, panel least squares regression, heteroskedasticity testing, and the Hausman specification test. The results indicate that while environmental and governance reporting have positive but statistically insignificant effects on operational performance, social reporting exerts a negative and statistically insignificant influence. Conversely, firm age exerted a significant negative impact on operational performance. The Hausman test supported the selection of the random effects model as the preferred estimator. The findings indicate that while sustainability reporting enhances transparency, accountability, and stakeholder confidence, its influence on the operational performance of environmentally sensitive firms in Nigeria remains limited. The study recommends that firms move beyond mere disclosure compliance, strengthen governance frameworks, and align social investment strategies with core operational objectives.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.51583/ijltemas.2026.150500202first seen 2026-06-19 05:22:39
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