Environmental, Social and Governance (ESG) Disclosure and Financial Performance of Selected Listed Consumer Goods Firms in Nigeria
ナイジェリア上場消費財企業におけるESG開示と財務業績 (AI 翻訳)
Essien Amos Ukpe
🤖 gxceed AI 要約
日本語
ナイジェリアの上場消費財企業5社（2015-2025年）を対象に、ESG開示が自己資本利益率（ROE）に与える影響をGRI指標とパネル回帰で分析。環境・社会・ガバナンス開示はいずれもROEに正の有意な影響を与え、ガバナンス開示が最も強い。企業規模は正、レバレッジは負の影響。セクター別の詳細なエビデンスを提供。
English
This study analyzes the impact of ESG disclosure on Return on Equity (ROE) for five listed consumer goods firms in Nigeria (2015-2025) using GRI-based indices and panel regression. Environmental, social, and governance disclosures each positively and significantly affect ROE, with governance having the strongest effect. Firm size positively influences performance, while leverage has a negative effect. Provides disaggregated, sector-specific evidence for Nigeria.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示義務化が進む中、ESG開示と財務業績の関連を示す新興国証拠は、日本企業の開示戦略や投資家対応に示唆を与える。特にガバナンス開示の重要性は、日本企業のコーポレートガバナンス改革とも整合的。
In the global GX context
This paper adds to the global ESG-financial performance literature with evidence from an African emerging market, complementing studies from developed economies. It supports the business case for ESG disclosure, relevant to ISSB and CSRD implementation contexts, and highlights governance disclosure as a key driver.
👥 読者別の含意
🔬研究者:Provides disaggregated, sector-specific evidence on ESG-ROE nexus in Nigeria, useful for comparative studies in emerging markets.
🏢実務担当者:Highlights that ESG disclosure, especially governance, can improve financial performance, supporting corporate reporting strategies.
🏛政策担当者:Suggests that enhancing ESG disclosure standards can improve transparency and investor confidence, relevant for emerging market regulators.
📄 Abstract（原文）
Environmental, Social, and Governance (ESG) disclosure has become increasingly important for enhancing corporate transparency and sustainable value creation. However, empirical evidence on its effect on financial performance remains inconclusive, particularly in Nigeria, where previous studies have largely relied on aggregate ESG measures and provided limited evidence for the consumer goods sector. This study examined the effect of environmental, social, and governance disclosures on the Return on Equity (ROE) of selected listed consumer goods firms in Nigeria. An ex post facto research design was adopted using secondary data from the annual reports of five purposively selected firms covering 2015–2025. ESG disclosure indices were developed using the Global Reporting Initiative framework, and panel regression techniques were employed for analysis. The findings revealed that environmental, social, and governance disclosures each had a positive and statistically significant effect on ROE, with governance disclosure exerting the strongest influence. Firm size positively affected financial performance, while leverage had a significant negative effect. The study contributes by providing disaggregated, sector-specific evidence on the ESG–financial performance nexus in Nigeria. The findings suggest that firms should strengthen ESG reporting, while regulators should enhance ESG disclosure standards to improve corporate transparency, investor confidence, and sustainable financial performance.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.56201/ijssmr.vol.12no7.2026.pg313.332first seen 2026-08-14 05:06:13
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。