Sustainability Reporting and Market Value of Listed Deposit Money Banks in Nigeria
Sustainability reporting serves as a tool which helps inform interested parties of pertinent details related to an organisation economic, social and environmental performance. Most prior studies have focused on sustainability reporting and financial performance in Nigerian organisations without properly utilising other performance metrics. Thus, the study focused on sustainability reporting and market value (proxy by tobins Q) of listed deposit money banks (DMBs) in Nigeria. Based on the legitimacy and stakeholder theories, the study determined the disclosure level of focus organisations using the Global Reporting Initiative (GRI) reporting index. Ex-post facto research design and census sampling method were utilised while ordinary least square regression was employed for analysis. Sustainability reporting (measured by economic disclosure) was found to significantly affect market value of listed DMBs in Nigeria while social and environmental disclosure were found to insignificantly affect their market value. The study recommended increased standardisation for regulating sustainability reporting among organisations listed in Nigeria amongst others.
Keywords: Economic disclosure, environmental disclosure, market value, social disclosure, sustainability reporting
Citation: Salawu, M.W., Obigbemi, I.F., & Adeyemi, S.B. (2024). Sustainability Reporting and Market Value of Listed Deposit Money Banks in Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 9(4), 42-53.