Social Accounting Practices and Firm Value of Listed Firms in Nigeria

Kolawole Adeyemi Agunbiade and Titlope Idowu Oladejo
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Kolawole Adeyemi Agunbiade: Department of Accounting, Babcock Business School, Ogun State, Nigeria
Titlope Idowu Oladejo: Department of Economics, Babcock Business School, Ogun State, Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 5, 1918-1927

Abstract: This paper aims to ascertain the impact social practices of firms have on their value. Value from the point of view of internal and external stakeholders. This would support the notion that if firms aspire to grow in value, it should not ignore the focus on social practices. Whilst social practice refers any investment that companies make that has an impact on environment and human capital, value can be viewed from the perspective of market capitalization and net asset of firms. The study is an ex-post facto research that utilizes time-series and cross-sectional data of firms listed on the Nigerian stock exchange over a ten-year period between 2013- 2022. Data was gathered from secondary sources namely the annual financial statements of the respective companies as well as daily listing report of the Nigerian Stock Exchange. The e-views statistical tool was used to analyse the relevant data using least square regression model. The findings revealed a direct relationship between firms that practice social accounting and positive impact on the value of such firms.

Date: 2024
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