Effect of Sustainability Reporting on Economic Value Added of Manufacturing Firms Listed on Nigeria

The impact of sustainability reporting on the economic value added of manufacturing firms listed on the Nigeria Stock Exchange was investigated in this study. Between 2008 and 2019, the sample size of this study was twenty-one (21) listed industrial businesses. Secondary data was gathered from the annual reports and accounts of the sampled firms and analysed using E-Views 10 statistical software, employing an ex-post facto research methodology and content analysis. Pearson correlation, Panel Least Square (PLS) regression analysis, granger causality test, and Hausman test were used in the study for descriptive and inferential statistics. Economic Sustainability Reporting, Social Sustainability Reporting, Environmental Sustainability Reporting, and Sustainability Governance Reporting all had a significant positive effect on Economic Value Added of listed manufacturing firms in Nigeria at a 5% level of significance, according to the findings of the empirical analysis. It was suggested, for example, that corporate entities in Nigeria invest in sustainability initiatives in all of their forms in order to improve their image/reputation and so increase their profits.

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