EFFECTIVENESS OF TRIPLE BOTTOMLINE DISCLOSURE PRACTICE IN NIGERIA- STAKEHOLDERS PERSPECTIVE (Published)
The study examined the effectiveness of triple bottom line disclosure practice of corporate firms in Nigeria by focusing on the perspective of corporate stakeholders. In achieving the above objective, three research questions were raised and two hypotheses were also formulated. The descriptive method of research design was employed to generate the required data. The population of the study was made up of three distinctive groups: Investors, Customers/Consumers and Accountants. The primary data were summarized using tables and the formulated hypotheses was analyzed using one-sample z test procedure done with the aid of SPSS version 22. Our findings indicated that investors and consumers expressed dissatisfaction with the extent of firms TBL disclosure practice in Nigeria. In their own view, most Organizations’ reports were often vague and far from the expression of actual performance. Also, Accountants’ were negative on the level of rigour and transparency exerted in the preparation of triple bottom line report by corporate firms in Nigeria. Based on this, it was recommended that companies should disclose more quantifiable triple bottom line indicators encompassing social, environmental and economic performance indicators. The development of standards to guide companies in the identification of variables for disclosure is also suggested.
Keywords: Triple bottom line, Triple bottom line reporting