SHAREHOLDERS PARTICIPATION, HOST COMMUNITY ENGAGEMENT AND SUSTAINABLE GROWTH OF LISTED CONSUMER GOODS FIRMS IN NIGERIA
Keywords:
Host Community Engagement, Shareholders Participation, Sustainable GrowthAbstract
The study empirically investigated the effect of shareholders participation and host community engagement on sustainable growth of firms in Nigeria. Two hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using panel least squares regression model. Ex Post Facto design was adopted and data for the study were obtained from the Nigerian Exchange Group Factbook and published annual financial reports of listed consumer goods firms on Nigerian Exchange Group (NGX) with data spanning from 2013-2022. The results of the study show that shareholders participation and host community engagement have positive and significant effect on sustainable growth of listed consumer goods firms in Nigeria. Thus, the study concludes that shareholders participation and host community engagement ensure corporate sustainable growth in Nigeria. The study therefore recommends that managers of listed firms in Nigeria should look for more effective ways to engage shareholders on environmental initiatives as this will send strong signals to other investors which clearly show that the firm is genuinely committed towards environmental sustainability initiatives which ensures firms’ sustainable growth. Also, host community should always be engaged in order to enable the business achieve its sustainable goals.
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