Sustainability Reporting and Financial Performance of Nigerian Deposit Money Banks

Babajide, Temitope Oluwatoyin, () and Oyedokun, Godwin Emmanuel ()
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Babajide, Temitope Oluwatoyin,: Department of Management and Accounting,, Postal: Lead City University, Ibadan,, Nigeria., https://www.afarng.org/jfafi/
Oyedokun, Godwin Emmanuel: Professor of Management and Accounting,, Postal: Lead City University, Ibadan,, Nigeria, https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2021, vol. 6, issue 2, 144-164

Abstract: This study examines the effect of sustainability reporting on the financial performance of the Deposit Money Banks in Nigeria by looking into the variables of sustainability reporting as it relates to the Nigeria Banking Industry. The variables used are social sustainability and environmental sustainability. The study is anchored on the stakeholders' theory. The data for the study was collected from four key principal officers each of the Nigerian Deposit Money Banks. The study used descriptive survey research design, purposive and convenience sampling techniques was adopted for the sampling. Simple regression analysis was used to analyze the data generated. The study showed a positive relationship between social sustainability and the financial performance of Nigerian DMBs. The study also shows a positive relationship between environmental sustainability and performance of the Nigerian DMBs. The study recommends that the management of all Nigerian deposit money banks should create and establish a sustainability reporting unit to overcome the deficiencies observed in the conventional ways of reporting the financial statement. Similarly, regulators should increase awareness, training and provide a framework for the mandatory adoption of sustainability reporting in Nigeria.

Keywords: Environmental sustainability; Financial Performance; Social sustainability; Sustainability reporting (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jfaafi:0051

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