Uwuigbe, Uwalomwa and Teddy, Obarakpo and Uwuigbe, O. R. and Emmanuel, Ozordi and Asiriuwa, Osariemen and Eyitomi, Gbenedio Akpevwenoghene and Taiwo, O. S. (2018) SUSTAINABILITY REPORTING AND FIRM PERFORMANCE: A BI-DIRECTIONAL APPROACH. Academy of Strategic Management Journal , 17 (3). pp. 1-16. ISSN 1939-6104-17-3-222
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Abstract
This study provides an insight into the bi-directional relationship between sustainability reporting and firm performance in quoted Deposit Money Banks (DMBs) in Nigeria. While the population size comprises of all deposit money banks quoted on the floor of the Nigerian Stock Exchange, judgmental sampling technique was used in the selection of the sampled banks. Considering the period 2014-2016, the annual report and stand-alone sustainability reports of the selected banks were analyzed through the use of content analysis and coded in order to obtain the sustainability disclosure index. The panel regression technique was used to analyze the data. The empirical findings show that there is a bi-directional relationship between sustainability reporting and firm performance of quoted Deposit Money Banks (DMBs) in Nigeria. This finding confirms the proposition of the legitimacy theory. The study observed that the market price per share of the samples firms had a significant negative influence on sustainability reporting. In addition, the study also out that sustainability reporting had a significant positive influence on revenue generation of the sampled firms.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Sustainability Reporting, Firm Performance, DMBs, Legitimacy Theory, GRI |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Mrs. Julie Ilogho |
| Date Deposited: | 18 Jul 2018 12:37 |
| Last Modified: | 18 Jul 2018 12:37 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/11177 |
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