CORPORATE SUSTAINABILITY REPORTING AND FIRM VALUE

ABSTRACT

The study empirically examined the effect of sustainability reporting on firm value in Nigeria. The study objectives were to examine the effect of economic sustainability disclosure, environmental sustainability disclosure, social sustainability disclosure and corporate governance disclosure on firm value. The population for the study consisted of listed industrial goods companies in the Nigerian Exchange Group (NGX). The companies for the population had the responsibility to publish their financial statements for six (6) consecutive years for the period of 2016- 2021. Secondary data used for the study was collected from a sample of ten (10) listed industrial goods companies and data were analysed using descriptive statistics, correlation matrix and multiple regression technique. The regression result for economic sustainability disclosure has a positive and significant effect on firm value at p-value < 0.05, environmental sustainability disclosure has a positive and insignificant effect on firm value at p-value > 0.05, social sustainability disclosure has a negative and insignificant effect on firm value at p-value > 0.05 and corporate governance disclosure has a positive and insignificant effect on firm value. The study recommended that the management of Nigerian listed industrial goods companies should show more commitment to economic disclosure of sustainability reporting for contributing to high firm value.