Indicators of Sustainability Reporting and Performance of Non-Financial Companies in Nigeria

Abstract

This research looked into the indicators of sustainability reporting and the performance of non-financial Companies in Nigeria. The researchers looked at the impact of sustainability reporting indicators on the Return on Asset (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) performance indicators all at the same time. Ex-post facto design was used in this study. Out of 168 non-financial companies listed on the Nigerian Stock Exchange, a total of 64 listed enterprises were researched, and secondary data was taken from their yearly financial statements as presented in the fact book. The data was analyzed using the ordinary least squares (OLS) regression model. The probability value p-value was the statistical technique used to assess the hypotheses. Findings from this study show that Sustainability reporting indicators impacted positively but not statistically significant on Return on Asset (ROA), Return on Equity (ROE) and Net Profit Margin (NPM) of non-financial companies investigated. Companies are therefore, encouraged to align sustainability disclosure objectives with other performance and shareholders profit maximization objectives of the firm.