CORPORATE ETHICAL REPORTING AND FINANCIAL PERFORMANCE: EVIDENCE FROM THE EMERGING MARKET
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Abstract
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This paper examines the degree of comprehensiveness of ethical
reporting in annual reports of listed firms in Nigeria. It also looks at
the relationship between the extent of corporate ethical reporting
and financial performance of the listed firms. In addition, it
examines the impact of corporate governance on the financial
performance of the listed firms. The study utilises the corporate
annual reports for the period 2010-2014 as our main source of
secondary data, while the content analysis technique is used to elicit
data from the corporate annual report. In testing the research
hypotheses, the study adopts the use of descriptive statistics,
Pearson correlation and panel least square regression method to
analyse the degree of comprehensiveness and the relationship
between corporate ethical reporting and financial performance of
the listed firms. Findings from the study show that there is lack of
comprehensiveness of corporate ethical reporting in the selected
industries. In addition, the study observed that a significant
relationship exists between corporate ethical reporting and financial
performance. Also, the study observed that the relationship between
corporate governance and financial performance is not significant.
The study recommends the need for a stand-alone report for
corporate ethical issues in annual reports of companies in Nigeria.
Keywords
H Social Sciences (General), HG Finance