ESG DISCLOSURE: IMPLICATIONS ON MARKET, OPERATIONAL AND FINANCIAL PERFORMANCE OF NON-FINANCIAL FIRMS IN NIGERIA

Authors

  • Bassey E.U Department of Accounting, Taraba State University, Jalingo
  • Falack Victor Samuel Department of Accounting, Taraba State University Jalingo, Taraba State
  • Maurice Agor Adiga Department of Accounting, Taraba State University Jalingo, Taraba State
  • Clement Onwu Okpayi Department of Business Administration, University of Cross River State

Keywords:

CSR, ESG, Disclosure, GRi, Financial performance, Market performance

Abstract

The study examined the influence of ESG score as a component of CSR disclosure in the

performance of non-financial firms listed on NGX for 5 years ending 2020. Quantitative data was

sourced based on the GRI framework for the consumer goods industry. The data was subjected to

a robust test and Hausman test for fixed and random effects. the random effect was selected based

on the result of the p-value. An econometric package (Eviews 9) was used in analyzing the data. The

findings show that ESG scores combined have no significant influence on market performance

(Tobin’s Q), operational performance (ROA) and financial performance (ROE) of the firms.

Individual ESG shows only environmental disclosure has significant impact on operational

performance (ROA).

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Published

2023-12-23

How to Cite

Bassey, E. U., Falack, V. P., Adiga, M. A., & Okpayi, C. O. (2023). ESG DISCLOSURE: IMPLICATIONS ON MARKET, OPERATIONAL AND FINANCIAL PERFORMANCE OF NON-FINANCIAL FIRMS IN NIGERIA. TSU-International Journal of Accounting and Finance, 2(1), 74–81. Retrieved from https://tsuijafc.k-publisher.com/index.php/tsuijaf/article/view/86

Issue

Vol. 2 No. 1 (2023): International Journal of Social and Management Sciences (IJOSMS)

Section

Articles