Sustainability Reporting Quality and Return on AssetsOf Listed Financial Institutions in Nigeria
Year: 2026
Type: article
Abstract: The research aims to determine if higher Sustainability Reporting Quality (SRQ) is linked to improved monetary performance, as indicated by the Return on Assets (ROA), among Nigerian financial institutions. An SRQ index of 0-6 was adopted to determine the extent to which SRQ affects ROA in these institutions, with the addition of Firm Size, Age, and Growth as controls. The research utilised an ex-post facto research design as data were obtained from yearly reports of 36 listed Nigerian financial institutions and other relevant sources. The data were collected from 2012 to 2024 and analysed using the Variance Inflation Factor, Pearson Correlation matrix, and Generalized Least Squares regression. Findings revealed that sustainability reporting quality index (SRQ 2, 3, 4, 6), together with firm size, had statistically significant effect on ROA. Listed firms should therefore integrate these sustainability practices into their core business strategies to enhance the financial relevance of sustainability reporting.
DOI: 10.14419/hdzrmd61
Institution: Bowen University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W7127637829