ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA
The General perception of investors and other stakeholders is that self-developed environmental and social information disclosure (ESID) of companies lack quality required to make informed business decision which may impact company operating cash flow (OCF). Although, poor quality ESID often damage...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2024-10-01
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| Series: | Gusau Journal of Accounting and Finance |
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| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/329 |
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| _version_ | 1823857038106558464 |
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| author | Saka Tunde Abdulsalam |
| author_facet | Saka Tunde Abdulsalam |
| author_sort | Saka Tunde Abdulsalam |
| collection | DOAJ |
| description |
The General perception of investors and other stakeholders is that self-developed environmental and social information disclosure (ESID) of companies lack quality required to make informed business decision which may impact company operating cash flow (OCF). Although, poor quality ESID often damaged company reputation and cause competitive setback that usually bring down OCF. Based on this backdrop, this study explores ESID quality of Listed Manufacturing Companies in Nigeria (LMCN) based on Global Reporting Initiative (GRI) and evaluate the impact on their OCF. The study employs Ex-Post Facto research design and data collected from annual reports of forty-seven LMCNs were analyzed using panel regression analysis based on random effect model. While quality of ESID of companies were measured based on GRI sustainability quality principle such as Balance, Clarity, Timeliness, Relevance, Reliability and Comparability, financial performance (FP) was measured by OCF of the studied companies. Findings from regression result revealed that quality of environmental and social information disclosure displays a significant and positive correlation with OCF. This study concluded that substantive investment in sustainability activities and quality disclosure is a form of undisputed contribution to sustainable development that in turn provide a basis for securing enhanced FP. This study recommends that manager should henceforth, consider potential returns that will come from investment in substantive environmental and social activities and quality disclosure that follow GRI quality reporting principle.
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| format | Article |
| id | doaj-art-13508126f4dc4f9bb93f09dc606cce11 |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-13508126f4dc4f9bb93f09dc606cce112025-02-12T01:06:39ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-10-015210.57233/gujaf.v5i2.06ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIASaka Tunde Abdulsalam0Department of Accounting and Finance, Kwara State University, Malete, Nigeria The General perception of investors and other stakeholders is that self-developed environmental and social information disclosure (ESID) of companies lack quality required to make informed business decision which may impact company operating cash flow (OCF). Although, poor quality ESID often damaged company reputation and cause competitive setback that usually bring down OCF. Based on this backdrop, this study explores ESID quality of Listed Manufacturing Companies in Nigeria (LMCN) based on Global Reporting Initiative (GRI) and evaluate the impact on their OCF. The study employs Ex-Post Facto research design and data collected from annual reports of forty-seven LMCNs were analyzed using panel regression analysis based on random effect model. While quality of ESID of companies were measured based on GRI sustainability quality principle such as Balance, Clarity, Timeliness, Relevance, Reliability and Comparability, financial performance (FP) was measured by OCF of the studied companies. Findings from regression result revealed that quality of environmental and social information disclosure displays a significant and positive correlation with OCF. This study concluded that substantive investment in sustainability activities and quality disclosure is a form of undisputed contribution to sustainable development that in turn provide a basis for securing enhanced FP. This study recommends that manager should henceforth, consider potential returns that will come from investment in substantive environmental and social activities and quality disclosure that follow GRI quality reporting principle. https://journals.gujaf.com.ng/index.php/gujaf/article/view/329ESD qualityOperating cash flowGRIG3 sustainability quality principleFinancial Performancesocial and environmental sensitive sectors |
| spellingShingle | Saka Tunde Abdulsalam ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA Gusau Journal of Accounting and Finance ESD quality Operating cash flow GRI G3 sustainability quality principle Financial Performance social and environmental sensitive sectors |
| title | ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA |
| title_full | ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA |
| title_fullStr | ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA |
| title_full_unstemmed | ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA |
| title_short | ENVIRONMENTAL AND SOCIAL INFORMATION DISCLOSURE QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA |
| title_sort | environmental and social information disclosure quality and financial performance of listed manufacturing companies in nigeria |
| topic | ESD quality Operating cash flow GRI G3 sustainability quality principle Financial Performance social and environmental sensitive sectors |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/329 |
| work_keys_str_mv | AT sakatundeabdulsalam environmentalandsocialinformationdisclosurequalityandfinancialperformanceoflistedmanufacturingcompaniesinnigeria |