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August 25, 2025International Journal of Economics and Financial IssuesOpen Access

Sustainability Reporting and Financial Performance of Listed Consumer Goods Firm in Nigeria

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Authors

GOGrace Amarachukwu OffiaeliCovenant University RSRafiu Oyesola SalawuObafemi Awolowo University ONObiamaka NwobuCovenant University

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Implication

Ex-post facto analysis shows negligible impact of sustainability reporting on financial performance in consumer goods firms, suggesting need for enhanced strategies.

Key Points

Sustainability reporting has a positive but statistically negligible effect on return on assets (ROA), indicating limited impact.
Net profit margin (NPM) does benefit from sustainability reporting, though this effect is also statistically negligible at 5% significance.
Analysis utilized data from audited annual financial reports of ten listed consumer goods companies over ten years.
Calls for integrating sustainability goals into core business strategies to enhance reporting quality and performance.

Cite This Study

Offiaeli et al. (2025) studied this question.

synapsesocial.com/papers/68af5d6fad7bf08b1eae1024 https://doi.org/10.32479/ijefi.19472

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Implication

Ex-post facto analysis shows negligible impact of sustainability reporting on financial performance in consumer goods firms, suggesting need for enhanced strategies.

Sustainability Reporting and Financial Performance of Listed Consumer Goods Firm in Nigeria

Discussion

Member takes

Implication

Key Points

Cite This Study

Sustainability Reporting and Financial Performance of Listed Consumer Goods Firm in Nigeria

Discussion

Member takes

Implication

Key Points

Cite This Study

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