Due to the advent of the COVID-19 pandemic ravaging the entire world economy, it is estimated that the global GDP would contract by about 10%. It will eventually lead to an economic recession among developed and developing nations since their current GDP falls below this threshold. To recover from these harsh economic realities after the pandemic, private and institutional investors may need to redirect their investments to countries less affected by the pandemic. However, before the COVID-19 pandemic, investors usually rely on the audited financial statement for investment decision resulting in substantial loss of investment globally. The situation requires additional sources of information that would enhance the quality of corporate investment decision by identifying those key variables that investors must consider beyond the audited financial statement to enhance corporate investment decisions. This study, therefore, investigated the impact of bud performance reporting on corporate investment decisions among selected listed non-financial firms in Nigeria. The study adopted survey research designs with a population of 54 listed non-financial firms in Nigeria. The purposive sampling technique used to select 510 respondents from a sample frame of 34 companies. A structured questionnaire used to collect data validated using Cronbach Alpha with Coefficient ranging from 0.772 to 0.907, with 97.2% response rate. The data was analyzed and validated using descriptive and inferential statistics. The study found that performance reporting had significant influence on corporate investment decisions (R2 = 0.300 β=0.620, t (484) = 14.400; p<0.05). The study concluded that performance reporting influences corporate investment decisions for different stakeholders among selected listed non-financial firms in Nigeria. The study recommended that private, corporate investors and decision-makers alike should consider the existence of performance reporting in addition to the audited financial statement when embarking on corporate investment decisions.
Keywords: corporate investment decision, listed manufacturing firms, performance reporting