Corporate sustainability disclosure and shareholders’ wealth of selected listed companies in Nigeria

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dc.contributor.authorOsemene, O. F.
dc.contributor.authorAbogun, Segun
dc.contributor.authorAbdulsalam, I.
dc.contributor.authorAdigbole, E. A.
dc.date.accessioned2023-05-10T16:25:58Z
dc.date.available2023-05-10T16:25:58Z
dc.date.issued2021
dc.description.abstractThe continued agitation over social costs and benefits by stakeholders necessitated the need for sustainability accounting disclosure globally. Corporate scandals and the effects of firms’ activities on the environment, people, and the economy are capable of impacting upon the firms, particularly shareholders’ value. This has raised fundamental question on the extent to which existing corporate disclosures reveals systemic risks and true cost of doing business in today’s world, especially in Nigeria. This study examined the impact of corporate sustainability disclosure on shareholders’ wealth focusing on the quoted companies in Nigeria. Secondary data was obtained from the annual reports of the three quoted Nigerian companies and they were analyzed using panel least square (random effect) estimator. Findings revealed economic disclosure and environmental disclosure had a negative significant impact with (p-value 0.000) respectively while social disclosure had a positive significant impact (p-value 0.037) on shareholders’ fund. The study concluded that sustainability disclosure influenced shareholders’ wealth of listed companies in Nigeria. This study recommended that listed sampled companies should increase disclosure on the effects of firms’ activities on all sustainability disclosure dimensions.en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/10031
dc.language.isoenen_US
dc.publisherFaculty of Management Sciences, Federal University, Dutsin-Ma, Katsina Stateen_US
dc.subjectEconomic; Environment; Social; Sustainability; Shareholders’ wealthen_US
dc.titleCorporate sustainability disclosure and shareholders’ wealth of selected listed companies in Nigeriaen_US
dc.typeArticleen_US

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