MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY
This study examines the moderating role of firm environmental sensitivity on the relationship between sustainability reporting dimensions, environmental, social, and governance disclosures, and the financial performance of nine listed oil and gas firms in Nigeria from 2019 to 2023. Employing panel...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2024-09-01
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| Series: | Gusau Journal of Accounting and Finance |
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| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/428 |
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| _version_ | 1849235264995590144 |
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| author | Adedeji Daniel GBADEBO |
| author_facet | Adedeji Daniel GBADEBO |
| author_sort | Adedeji Daniel GBADEBO |
| collection | DOAJ |
| description |
This study examines the moderating role of firm environmental sensitivity on the relationship between sustainability reporting dimensions, environmental, social, and governance disclosures, and the financial performance of nine listed oil and gas firms in Nigeria from 2019 to 2023. Employing panel data analysis and interaction models, the results reveal that environmental and social reporting have a positive influence on financial performance, while governance reporting shows an insignificant effect. Firm environmental sensitivity significantly moderates the impact of environmental reporting on financial outcomes, underscoring the importance of contextual industry factors in enhancing the value of sustainability disclosures. The findings contribute to the literature by integrating firm-specific environmental sensitivity into the analysis of sustainability reporting effectiveness, providing valuable insights for regulators, investors, and corporate managers aiming to optimize sustainability practices within environmentally sensitive sectors.
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| format | Article |
| id | doaj-art-ee2f9e6931284d57aa42f0094c066ef1 |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-ee2f9e6931284d57aa42f0094c066ef12025-08-20T04:02:50ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-09-0151MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY Adedeji Daniel GBADEBO0Department of Accounting Science, Walter Sisulu University, Mthatha, South Africa This study examines the moderating role of firm environmental sensitivity on the relationship between sustainability reporting dimensions, environmental, social, and governance disclosures, and the financial performance of nine listed oil and gas firms in Nigeria from 2019 to 2023. Employing panel data analysis and interaction models, the results reveal that environmental and social reporting have a positive influence on financial performance, while governance reporting shows an insignificant effect. Firm environmental sensitivity significantly moderates the impact of environmental reporting on financial outcomes, underscoring the importance of contextual industry factors in enhancing the value of sustainability disclosures. The findings contribute to the literature by integrating firm-specific environmental sensitivity into the analysis of sustainability reporting effectiveness, providing valuable insights for regulators, investors, and corporate managers aiming to optimize sustainability practices within environmentally sensitive sectors. https://journals.gujaf.com.ng/index.php/gujaf/article/view/428Sustainability ReportingFinancial PerformanceEnvironmental SensitivityOil and Gas FirmsPanel DataNigeria |
| spellingShingle | Adedeji Daniel GBADEBO MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY Gusau Journal of Accounting and Finance Sustainability Reporting Financial Performance Environmental Sensitivity Oil and Gas Firms Panel Data Nigeria |
| title | MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY |
| title_full | MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY |
| title_fullStr | MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY |
| title_full_unstemmed | MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY |
| title_short | MODERATING EFFECT OF FIRM ENVIRONMENTAL SENSITIVITY ON THE RELATIONSHIP BETWEEN SUSTAINABILITY REPORTING DIMENSIONS AND FINANCIAL PERFORMANCE OF AN EMERGING MARKET ECONOMY |
| title_sort | moderating effect of firm environmental sensitivity on the relationship between sustainability reporting dimensions and financial performance of an emerging market economy |
| topic | Sustainability Reporting Financial Performance Environmental Sensitivity Oil and Gas Firms Panel Data Nigeria |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/428 |
| work_keys_str_mv | AT adedejidanielgbadebo moderatingeffectoffirmenvironmentalsensitivityontherelationshipbetweensustainabilityreportingdimensionsandfinancialperformanceofanemergingmarketeconomy |