NEXUS BETWEEN SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE: AN EVALUATION OF SELECTED LISTED OIL AND GAS COMPANIES IN NIGERIA
Keywords:
Economic reporting, Financial Performance, Sustainability reporting, Social reportingAbstract
This study examined the effect of sustainability reporting on the performance of sampled Oil and Gas firms in Nigeria. Performance proxied by return on assets (ROA) was the dependent variable while sustainability reporting surrogated by economic reporting, environmental reporting and social reporting. The major analysis to achieve the specific objectives was performed using the generalized least square (GLS) regression techniques. The significance of the association and relationships was at 5% confidence level. Z-test statistics was used to test the significance of the relationships. The results of the model revealed that the explanatory variables account for as low as 69.51% of the overall variation in the financial performance of sampled Oil and Gas firms in Nigeria. The findings shows that economic reporting and environmental reporting has a significant effect on the financial performance of sampled oil and gas firms in Nigerian while social reporting has no significant effect on the financial performance of sampled Oil and Gas firms in Nigeria. The study recommends among others that, listed oil and companies in Nigeria should intensify economic dimension of sustainability reporting as this could lead to increased performance in addition to satisfying their information needs and assisting them to hold firms to account for not only economic reporting but also environmental and social reporting as its impacts them.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles 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.
