EFFECT OF FIRM CHARACTERISTICS ON SUSTAINABILITY REPORTING OF LISTED MANUFACTURING FIRMS IN NIGERIA

Abstract

This study examines the effect of firm characteristics on the sustainability reporting of listed manufacturing firms in Nigeria. The population comprises 56 quoted manufacturing firms in Nigeria while all the population was sampled using the census method covering the periods of 2009 to 2019. The data were analyzed using an independent observations test, and variance inflation factor test while the logistic regression model was used to test the formulated null hypotheses. The results show that profitability has a significant positive effect on corporate sustainability reporting of quoted manufacturing firms in Nigeria for the period under review while leverage has an insignificant negative effect on corporate sustainability reporting (CSR) of quoted manufacturing firms in Nigeria. The study recommends that the management of manufacturing firms in Nigeria should maintain a low financial leverage level to increase the level of disclosure of their corporate sustainability reporting in Nigeria. Also, the management of manufacturing firms in Nigeria should strategies in ways of cost control mechanisms to increase their profits to further enhance the level of their corporate sustainability reporting in Nigeria.