Sustainability Reporting and Financial Performance of Listed Deposit Money Banks in Nigeria

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dc.contributor.authorAdedolapo Esther AJAYI
dc.date.accessioned2024-06-11T11:07:26Z
dc.date.available2024-06-11T11:07:26Z
dc.date.issued2023-12
dc.description.abstractRecent years have seen an increase of interest in sustainability reporting from the business community, bringing with it the deserved attention from around the world. One possible explanation is that in recent years, interest among stakeholders in firms’ non-financial activities has increased. As such, this research looked into the correlations between environmental, social, employee health and safety, and economic sustainability reporting and the performance measures (Gross Profit after Tax and Return on Capital Employed) of Nigeria's Deposit Money Banks. Ex- post facto research design was adopted and all of the Deposit Money Banks (DMBs) in Nigeria served as the population for this study, from which a random selection of 10 listed DMBs were judgmentally sampled. Data was acquired from the financial reports of the sampled banks was analysed using panel regression analysis across a 11-year time span (2010-2021). The findings shows that Corporate Social Sustainability Reporting had a negative and insignificant effect on financial performance measures with the probability value of 49% which is extremely higher than 0.05% statistically insignificant. Economic Sustainability Reporting documented a statistically significant positive effect of economic sustainability on performance measures(0.4781***). Similarly, Environmental Sustainability Reporting also showed positive significant effect on both performance measure (0.0148***). Finally, employee health and safety sustainability disclosure affect firm performance positively and significantly with a t-statistic of 3.23 and prob-value of 0.00 which is significant at 0.05 indicating statistical significance. it was recommended that reporting on environmental issues was helpful to the firms' health and survival, and so regulations that would sustain such reporting (such as required disclosure on environmental issues) should be encouraged. In addition, businesses and financial institutions should prioritise customer satisfaction to boost the approval of policies promoting engagement in social sustainability and, by extension, reduce the likelihood of financial losses. Keywords: Economics Sustainability, Environmental Sustainability, Return on Capital Employed, Social Sustainability and Sustainability Reporting. Word Count: 294
dc.identifier.ismnM.Sc
dc.identifier.otherM.Sc
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/501
dc.language.isoen
dc.publisherLead City University
dc.relation.ispartofseriesM.Sc
dc.subjectEconomics Sustainability
dc.subjectEnvironmental Sustainability
dc.subjectReturn on Capital Employed
dc.subjectSocial Sustainability and Sustainability Reporting.
dc.titleSustainability Reporting and Financial Performance of Listed Deposit Money Banks in Nigeria
dc.typeThesis

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