Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria Stock Exchange

Main Article Content

Okoye, Emmanuel Ikechukwu
Ndum, Ngozi Blessing

Abstract

This study assessed the Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria Stock Exchange. Twenty one (21) listed manufacturing firms constituted the sample size of this study between 2008 and 2019. Ex-Post facto research design and content analysis were adopted while secondary data were extracted from the annual reports and accounts of the sampled firms and were analysed using E-Views 10 statistical software. The study employed descriptive statistics and inferential statistics using Pearson correlation, Panel Least Square (PLS) regression analysis, granger causality test and Hausman test. Findings from the empirical analysis showed that Economic Sustainability Reporting, Social Sustainability Reporting, Environmental Sustainability Reporting and Sustainability Governance Reporting exerted a significant positive effect on Economic Value Added, of listed manufacturing firms in Nigeria at 5% level of significance respectively. It was recommended inter alia that corporate entities in Nigeria should invest in sustainability activities in all its ramifications in order to boost the image/reputation of the firms thereby increasing their returns.

Keywords:
Sustainability reporting, economic value added, economic sustainability reporting, social sustainability reporting, environmental sustainability reporting, sustainability governance reporting, global reporting initiative.

Article Details

How to Cite
Ikechukwu, O. E., & Blessing, N. N. (2020). Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria Stock Exchange. Journal of Economics, Management and Trade, 26(10), 15-33. https://doi.org/10.9734/jemt/2020/v26i1030295
Section
Original Research Article

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