European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals


Environmental Financial Reporting and Corporate Performance of Listed Pharmaceutical Companies in Nigeria (Published)

A nation’s economic growth and development depend critically on the pharmaceutical business because of its inextricable link to people’s health and, by extension, their ability to put in productive hours at work. This study analyzed the effect of environmental financial reporting on the profitability of publicly listed pharmaceutical companies in Nigeria. The study relied on the ex post facto research design and made use of historical financial data on the adopted study variables. At the 0.05 threshold of significance as decision criteria, the study tested two hypotheses. The research used secondary data, and the businesses studied were a representative sample of the pharmaceutical companies listed on the Nigerian Exchange Group. Ordinary least square regression was used in conjunction with E-views version 9 to analyze the collected data.   Earnings per share of listed pharmaceutical businesses in Nigeria were shown to be favorably connected with environmental financial reporting proxy by employee’s welfare policy and community development cost. Management was urged to invest more in their workers’ well-being to boost morale and productivity in the pharmaceutical industry.


Keywords: Corporate performance, Environmental, Financial, Pharmaceutical Companies, Reporting

Sustainability Reporting and Assets Quality of Listed Deposit Money Banks in Ghana, Kenya and Nigeria (Published)

Bank’s asset quality deteriorates when banks are exposed to high non-performing loans and associated credit risks. Sustainability reporting deepens the acceptability and understanding of huge opportunities and enhances the corporate competitive advantage of the banks in enhancing banks’ assets quality. This study investigated the effect of sustainability reporting on the assets quality of listed deposit money banks (DMBs) in Ghana, Kenya and Nigeria. The study explored secondary data, using a population of 95 listed DMBs, while a sample size of 31 DMBs was purposively selected for a period of 12 years. Data were extracted from the annual financial records of the banks and sustainability reporting checklist in line with the Global Reporting Initiative. The validity and reliability of the data were premised on the statutory audit of the financial statements. Descriptive and inferential (multiple regression) statistics were used to analyze the data at a 5% significant level. The study found that sustainability reporting significantly affected the assets quality of the listed deposit money banks in Ghana, Kenya and Nigeria (Adj R2 = 0.47, Wald-test (4, 367) = 342.18, p < 0.05). Based on the finding, the study recommended managers of the banks should exhibit high professional competence, and exercise managerial expertise and ethical practices in compliance with sustainability reporting best corporate best practices capable of enhancing the assets quality of the banks.

Keywords: Corporate Governance, Environmental, Social, assets quality, sustainability reporting

Board Diversity and Environmental Sustainability Disclosure in Oil and Gas Companies: Evidence from Nigeria (Published)

This study examines the influence of board diversity on environmental sustainability disclosure in oil and gas companies in Nigeria. Communities that produce oil in the Niger Delta region of Nigeria have seen ongoing oil spills over time, leading to an intolerable economic situation. The goal of this study is to ascertain whether factors such as board size, board gender, board nationality, and board independence have an impact on environmental sustainability disclosure in Nigerian oil and gas companies. Ex-post facto research approach was used in this study to explore the cause-and-effect relationship between the dependent and independent variables. The study comprised of eight oil and gas companies in the Nigerian Exchange Group. Secondary data from 2011-2020 was used and panel multiple regression analysis was used to analyze the data. Results revealed  board  independence (BIND)  showed    positive  relationship with environmental sustainability disclosure,  but   was  insignificant to environmental sustainability disclosure, board  size (BSZ) showed negative  relationship  with  environmental sustainability disclosure, but was significant to environmental sustainability disclosure, while board gender diversity (BGD)  showed  negative  relationship with  environmental  sustainability  disclosure, but  was  insignificant  to  environmental  sustainability disclosure, board  nationality (BNAT) showed  negative  relationship with environmental sustainability disclosure, but  was also insignificant to environmental sustainability disclosure. This study concluded that reduced board size would lead to increased environmental sustainability disclosure in oil and gas companies in Nigeria. Despite the negative relationship between environmental sustainability disclosure and independent variables, it is still believed that board diversity has a great influence on information disclosure. It is recommended that both the government and management of these companies should be alive to their responsibilities in maintaining and preserving the natural environment.

Keywords: Corporate, Environmental, Governance, Oil and Gas, Sustainability

Does Corporate Social Responsibility Influence Firms Performance in Nigeria? (Published)

The social responsibility disclosure has become a widely and persistent debated topic of discussion in the Nigerian academic community given the effects that business environment activities have on employees, communities, clients, society, business associates, shareholders, and environment. The global economic challenges which have hinder effective operation in the deposit money banks to operate thereby reduce their performance.  It is against this backdrop that this study examined the effect of social responsibility disclosure and firm performance in Nigeria. Social responsibility disclosure as the explanatory variables was proxied with environmental disclosure, governance disclosure, human resources disclosure and community disclosure while the response variable is the firm performance. The sampling technique were adopted by the reviewed studies. A mixed approached of data were used (primary and secondary sources of data were extraction from both questionnaires and the annual report and accounts from various studies. Theory and hypotheses were adopted and multiple regressions were used to analysis their data. Based on the reviewed studies, it was established that environmental disclosure and human resources disclosure are insignificant effect on the firm performance, while the governance disclosure has a significant effect on firm performance, while the community disclosure is positive and insignificant influencing firm performance. It is recommended among others that companies should engage the speciality on environment reporting to reduce the performance on the firms. Also, firms should improve by participating in community services for better disclosure the community activities and maintain the current governance disclosure level because has been found empirically to increase the firm performance. 

Citation: James George Apochi and   Samuel Eniola Agbi  (2022) Does Corporate Social Responsibility Influence Firms Performance in Nigeria? European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 9, pp.1-12

Keywords: Environmental, Governance, Human Resources, community disclosure, firms’ performance

Corporate Sustainability Efficiency and Firm Value. A Study of Nigeria’s Deposit Money Banks (Published)

Concerns about climate change, and environmental sustainability have brought to the public fore the need for corporate organizations to incorporate sustainability information in their reports.  This study was carried out to examine the relationship between corporate sustainability efficiency and market value of listed Deposit Money Banks in Nigeria. The population of the study consist of all listed DMBs in Nigeria. Data for the study were obtained from published financial reports for the period 2017 to 2020. Findings of the study showed that social, economic and environmental efficiency practices have a significant positive effect on market values of listed DMBs in Nigeria.   The study also finds a positive but not significant relationship of bank complexity with market value of DMBs and recommends amongst others that DMBs should intensify efforts to ensure adequate attention is given to sustainability efficiency practices to attract higher stock market values.

Citation: Akprorien, Olum Fidelis, Otuya, Sunday, & Archibong, Etim Archibong (2022) Corporate Sustainability Efficiency and Firm Value. A Study of Nigeria’s Deposit Money Banks, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 6, pp.19-30


Keywords: Economic, Environmental, Firm Value, Social, Sustainability, corporate efficiency

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