SUSTAINABILITY REPORTING DISCLOSURE AND FIRM PERFORMANCE

ABSTRACT

This study examined the impact of sustainability reporting disclosures on firm performance in Nigeria using empirical methods. The objectives of the study were to investigate the impact of sustainability reporting, economic disclosure, environmental disclosure, and social disclosure on firm performance. The study population consisted of consumer goods firms listed on the Nigerian Stock Exchange (NSG). Companies serving the population were required to release their financial statements for five (5) consecutive years, from 2016 to 2020. A sample of sixteen (16) publicly traded consumer goods companies provided the secondary data used in this study. The developed hypotheses were evaluated using robust regression. Sustainability reporting exerts a positive and significant effect on firm performance at the 1% level of significance, economic disclosure exerts a positive and significant effect on firm performance, environmental disclosure exerts a negative and significant effect on firm performance, social disclosure exerts a positive and insignificant effect on firm performance, and firm size exerts a positive and insignificant effect on firm performance. In order to improve the firm's performance, the study suggests that the management of Nigerian listed consumer goods companies should place a greater emphasis on sustainability reporting and economic disclosure.