ナイジェリアの環境敏感企業におけるサステナビリティ報告と企業価値の関係に対する収益性の調整効果
The Moderating Effect of Profitability on the Relationship between Sustainability Reporting and Value of Environmentally Sensitive Firms in Nigeria (原題)
Ali Alhaji Isa
🤖 gxceed AI 要約
日本語
ナイジェリア証券取引所上場の環境敏感企業60社を対象に、2018〜2022年のパネルデータでサステナビリティ報告と企業価値の関係を分析。サステナビリティ報告と収益性はいずれも企業価値に正の有意な影響を与え、収益性は両者の関係を正に調整することが示された。報告の質とコンプライアンス向上、経営戦略への統合を推奨している。
English
Using panel data from 60 environmentally sensitive firms listed on the Nigerian Exchange (2018-2022), this study examines whether profitability moderates the link between sustainability reporting and firm value. Both sustainability reporting and profitability show positive significant effects on firm value, and profitability positively moderates the reporting-value relationship. The authors recommend improving reporting compliance and quality and embedding it in core strategy.
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
新興国におけるサステナビリティ開示の経済効果を示す実証例として、SSBJ基準導入後の日本企業が開示の価値創造効果をどう説明するかを考える際の比較材料になる。ただし制度・市場環境の差が大きく、直接の示唆は限定的。
In the global GX context
Adds emerging-market evidence to the global debate on whether sustainability disclosure creates firm value, complementing ISSB/CSRD-era scholarship that is still dominated by EU and US samples. The profitability-moderator finding is relevant to transition-finance discussions on how financial capacity shapes disclosure incentives.
👥 読者別の含意
🔬研究者:開示と企業価値の関係における収益性の調整効果を、新興国サンプルで検証した実証例として参照できる。
🏢実務担当者:開示の質向上が長期的な企業価値につながりうるという示唆を、自社の開示戦略の根拠として援用できる。
🏛政策担当者:新興国での開示義務化の効果測定手法として、規制設計の参考になりうる。
📄 Abstract（原文）
This study examined the moderating effect of profitability on the relationship between sustainability reporting and firm value. The dataset encompasses 60 environmentally sensitive companies listed on the Nigerian Exchange Group (NGX), the study employed census sampling technique utilizing panel data over a five-year span from 2018 to 2022, the data were analyzed using multiple regression analyses with help of STATA software version 14. The results revealed that sustainability reporting has a positive and significant effect on firm value. Conversely, profitability shows a positive and significant effect on firm value. Also, the result revealed that profitability has positive and significant moderating effect on the relationship between sustainability reporting and the value of environmentally sensitive firms in Nigeria. The study concludes that high level of profitability tends to strengthen the relationship between sustainability reporting and value of listed environmentally sensitive firms in Nigeria. The study recommends that, listed environmentally sensitive firms in Nigeria should improve their sustainability reporting compliance and prioritize it relevance and quality, aligning it with stakeholder interest, integrating it into core business strategy, and implementing continuous monitoring and feedback mechanisms. Although, initial gains might be limited, there is a possibility of long-term benefits
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.56201/jafm.v10.no7.2024.pg63.73first seen 2026-11-14 05:20:20
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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。