ENVIRONMENTAL, SOCIAL, GOVERNANCE REPORTING AND MARKET PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA
Abstract
Environmental, social, governance reporting plays a pivotal role in reporting, yet it has been riddled with mixed findings, having a negative effect on the market value. In order to increase trust, there is the need of reporting the non-financials of firm. To navigate this complex issue, this study investigates the effect of environmental reporting, social reporting, and governance reporting on the market performance of listed manufacturing firms in Nigeria. Using a longitudinal research design where secondary data was collected from the annual reports of 27 listed manufacturing firms over a ten-year period (2013–2022), panel least squares was used to analyse the relationships between the variables. The results revealed a positive and statistically insignificant relationship among environmental reporting, governance reporting and the market performance however, social reporting revealed a negative and insignificant effect on the market performance of listed manufacturing companies in Nigeria. The study concludes that environmental, social, and governance reporting does not significantly affect the market performance of listed manufacturing companies in Nigeria.
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Published in INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION
ISSN: 3027-0378
This article appears in our peer-reviewed academic journal
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