INTELLECTUAL CAPITAL AND SUSTAINABILITY REPORTING OF LISTED OIL AND GAS FIRMS IN NIGERIA
Keywords:
Capital Employed Efficiency, Economic Sustainability Reporting, Environmental Sustainability Reporting, Human Capital Efficiency, Intellectual Capital,, Social Sustainability Reporting,, Structural Capital Efficiency, Sustainability ReportingAbstract
The study ascertains the effect of intellectual capital on sustainability reporting of listed oil and gas firms in Nigeria Exchange (NGX) Group. The study specifically intends to determine the effect of Human Capital Efficiency, Structural Capital Efficiency and Capital Employed Efficiency on Environmental Sustainability Reporting, Economic Sustainability Reporting and Social Sustainability Reporting, respectively. Ex-post facto research design was applied. The population of this study comprises the entire twelve (12) Oil and Gas firms listed on the floor of the Nigerian Exchange (NGX) Group while the sample size comprises 11 of those firms. Secondary data were sourced from the annual reports of the selected firms over a period of fourteen (14) years spanning from 2008 to 2021. The results of the Panel Least Square (PLS) regression analysis conducted revealed that: Human Capital Efficiency has a significant and positive effect on Environmental Sustainability Reporting of listed Oil and Gas firms in Nigeria at 5% level of significance (β1=0.004298; p-value = 0.0181<0.05 ); Structural Capital Efficiency has a significant and positive effect on Economic Sustainability Reporting of listed Oil and Gas firms in Nigeria at 5% level of significance (β2=0.010781; p-value = 0.0000<0.05); Capital Employed Efficiency has a significant and positive effect on Social Sustainability Reporting of listed Oil and Gas firms in Nigeria at 5% level of significance (β3=0.262799; p-value = 0.0000<0.05). The study concludes that Intellectual Capital significantly affect Sustainability Reporting of listed Oil and Gas firms in Nigeria. It was recommended that corporate entities in Nigeria should invest in economic sustainability activities in all its ramification in order to boost their image/reputation thereby increasing their returns.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 JOGAArticles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
