SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA: AN EXAMINATION OF SOCIAL AND EMPLOYEE
ナイジェリアの上場産業財企業におけるサステナビリティ報告と財務業績：社会・従業員開示の検証 (AI 翻訳)
Zaharadeen Khamis, Muhammed Ishaq Khamees, Sabdat Mummy Abdul-Salam
🤖 gxceed AI 要約
日本語
本研究は、ナイジェリアの上場産業財企業13社を対象に、サステナビリティ報告（社会・従業員開示）が財務業績（ROA）に与える影響を分析。2014～2024年のデータを用い、PCSE回帰モデルで検証した結果、従業員関連の開示は業績向上に寄与するが、社会関連の開示はむしろ業績を低下させることが示された。ナイジェリア証券取引委員会（SEC）に、GRIを参照した包括的な報告枠組みの策定を提言。
English
This study examines the impact of sustainability reporting (social and employee disclosure) on financial performance (ROA) of 13 listed industrial goods firms in Nigeria. Using panel data from 2014-2024 and PCSE regression, it finds that employee-related disclosure improves performance, while social disclosure reduces it. It recommends the SEC adopt a GRI-based reporting framework.
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
本論文はナイジェリア市場を対象としており、日本のGX文脈には直接関係しないが、新興国におけるサステナビリティ開示の実証研究として、日本企業が海外子会社の開示を検討する際の参考となりうる。また、開示が必ずしも業績向上に結びつかない点は、日本企業の統合報告書作成にも示唆を与える。
In the global GX context
This paper provides empirical evidence from Nigeria on the mixed effects of social and employee disclosure on financial performance, contributing to the global ESG disclosure literature. It highlights regulatory implications for emerging markets developing sustainability reporting standards, relevant to discussions on ISSB adoption in Africa.
👥 読者別の含意
🔬研究者:Adds evidence on ESG-financial performance link in an understudied African market with panel data.
🏛政策担当者:Suggests that SEC and regulators in emerging markets need tailored frameworks incorporating social and employee dimensions.
📄 Abstract（原文）
The study examines the effect of sustainability reporting on the financial performance of listed industrial goods firms in Nigeria. Sustainability reporting is a proxy for social and employee disclosure, while financial performance is a proxy for return on assets. The correlational research design was used in the study. The population of the study consist of the 13 listed industrial goods firms. Secondary data for the study were collected from ten samples of industrial goods firms actively trading on the floor of the Nigerian Exchange Group from 2014 to 2024. Therefore, the data collected were analysed using a panel corrected standard error (PCSE) regression model. The findings reveal that sustainability reporting related to social and employee-related sustainability disclosure had a negative and positive effect on the financial performance of listed industrial goods firms. Based on the findings, the study concludes that sustainability reporting related to employee activities improves financial performance. However, sustainability reporting related to social issues reduces the financial performance of listed industrial goods firms in Nigeria. Among the important policies of the study is that there is a need for the SEC to formulate a sustainability reporting framework, taking into cognisance multiple dimensions vis-à-vis the Global Reporting Initiative to enhance financial performance and thereby mitigate agency conflict between managers and shareholders. It is, therefore, recommended among others, that the government and the regulatory body of listed companies, such as the Securities and Exchange Commission, should make sustainability reporting a part of the requirements for the annual report of a listed company in Nigeria. Keywords: sustainability reporting, social sustainability, employee sustainability, financial performance
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.67199/6j7xpn08first seen 2026-06-06 05:13:45 · last seen 2026-06-16 05:07:02
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