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Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria
The traditional goal of companies is to maximize shareholders’ wealth. However, to achieve this objective, many complementary goals must be pursued alongside the traditional ones. To achieve corporate goals, businesses need to interact with the environment. The continual interaction of the corporati...
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| Format: | Thesis |
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AUC Knowledge Fountain
2024
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| _version_ | 1867613423106260992 |
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| access_status_str | Open Access |
| author | Ubandawaki, Abdulbaki |
| author_browse | Ubandawaki, Abdulbaki |
| author_facet | Ubandawaki, Abdulbaki |
| author_sort | Ubandawaki, Abdulbaki |
| collection | Thesis |
| description | The traditional goal of companies is to maximize shareholders’ wealth. However, to achieve this objective, many complementary goals must be pursued alongside the traditional ones. To achieve corporate goals, businesses need to interact with the environment. The continual interaction of the corporation with the environment has definitely come with its costs and benefits, and the global interest in promoting sustainable development has made corporate ESG reporting a crucial issue. The aim of the study is to investigate the relationship between ESG reporting and firm performance among listed manufacturing firms in Nigeria. The data was collected from annual and standalone sustainability reports of companies of listed manufacturing firms in Nigeria. The Pooled-corrected standard error and the Generalized Least Square regression analysis employed on 400 firm-yearobservations indicates that that environmental, social, and governance disclosure affect market performance measured by Tobin’s Q, while governance disclosure has a positive influence on TQ, social and environmental disclosures have negative effects on TQ. The study also demonstrated that social and environmental disclosure do not affect the operational, and financial performances of firms measured by ROA and ROE, respectively, and finally, it was found that governance disclosure positively affects ROA and ROE. The study recommends integrating ESG into regulatory requirements and educating stakeholders, especially investors on the important of ESG reporting. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-3269 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:54.296Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-3269 Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria Ubandawaki, Abdulbaki The traditional goal of companies is to maximize shareholders’ wealth. However, to achieve this objective, many complementary goals must be pursued alongside the traditional ones. To achieve corporate goals, businesses need to interact with the environment. The continual interaction of the corporation with the environment has definitely come with its costs and benefits, and the global interest in promoting sustainable development has made corporate ESG reporting a crucial issue. The aim of the study is to investigate the relationship between ESG reporting and firm performance among listed manufacturing firms in Nigeria. The data was collected from annual and standalone sustainability reports of companies of listed manufacturing firms in Nigeria. The Pooled-corrected standard error and the Generalized Least Square regression analysis employed on 400 firm-yearobservations indicates that that environmental, social, and governance disclosure affect market performance measured by Tobin’s Q, while governance disclosure has a positive influence on TQ, social and environmental disclosures have negative effects on TQ. The study also demonstrated that social and environmental disclosure do not affect the operational, and financial performances of firms measured by ROA and ROE, respectively, and finally, it was found that governance disclosure positively affects ROA and ROE. The study recommends integrating ESG into regulatory requirements and educating stakeholders, especially investors on the important of ESG reporting. 2024-01-01T08:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/2225 https://fount.aucegypt.edu/context/etds/article/3269/viewcontent/Abdul_Thesis.pdf Theses and Dissertations AUC Knowledge Fountain ESG disclosure Firm performance GRI Manufacturing sector corporate sustainability. Accounting |
| spellingShingle | ESG disclosure Firm performance GRI Manufacturing sector corporate sustainability. Accounting Ubandawaki, Abdulbaki Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria |
| title | Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria |
| title_full | Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria |
| title_fullStr | Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria |
| title_full_unstemmed | Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria |
| title_short | Impact of Environmental, Social, and Governance Disclosure on Firm Performance: A Case of Listed Manufacturing Firms in Nigeria |
| title_sort | impact of environmental social and governance disclosure on firm performance a case of listed manufacturing firms in nigeria |
| topic | ESG disclosure Firm performance GRI Manufacturing sector corporate sustainability. Accounting |
| url | https://fount.aucegypt.edu/etds/2225 https://fount.aucegypt.edu/context/etds/article/3269/viewcontent/Abdul_Thesis.pdf |
| work_keys_str_mv | AT ubandawakiabdulbaki impactofenvironmentalsocialandgovernancedisclosureonfirmperformanceacaseoflistedmanufacturingfirmsinnigeria |