Browsing by Author "AJIMATI, D. Oyinkansola"

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    CORPORATE SUSTAINABILITY DISCLOSURE AND PROFITABILITY OF NIGERIAN LISTED FIRMS IN THE INDUSTRIAL GOODS SECTOR
    (Department of Finance, University of Ilorin, 2022) ABOGUN Segun; ADIGBOLE, E. A.; AINA, O. Thompson; AJIMATI, D. Oyinkansola; ABDULKAREEM, Z. Ajike
    The ongoing global economic crisis calls for a different but strategic approach to address the problem of profitability being witnessed by corporate entities, particularly in Nigeria. To this end, this research examined the impact of sustainability reporting on the profitability of listed Nigerian firms in the industrial goods sector. The research examined the entire listed companies in the Nigerian industrial goods covering periods from 2015 to 2020. In line with the global reporting initiatives, the research used content analysis to obtain the required information to measure sustainability disclosure. Information about the various dimensions of sustainability disclosure which includes economic, social, and environment was obtained from the annual reports of companies. The dataused in this research was analyzed using multiple linear regressions. The research found that while economic disclosure has a significant positive (coef.=0.0249; p-value= 0.000) influence on the Return on Assets (ROA), social disclosure has a significant negative (coef.=-0.0866; p-value=0.004) influence. Environmental disclosure does, however, have a statistically insignificant (coef.=0.0050; p-value=0.866) beneficial impact on the ROA. The study concluded that sustainability reporting has influence on theprofitability of listed companies in Nigeria's industrial goods sector. Therefore, the research suggests that the government implement regulations for the implementation of corporate sustainability disclosure compliance, and that businesses that violate these regulations should face appropriate sanctions. To advance the principles of sustainability reporting, all parties and policymakers must work together.