Sustainability Disclosure, Corporate Tax, and the Value of Quoted Firms in Industrial Goods Sector in Nigeria

Abduljeleel Badmus Olayiwola and Adamu Danlami Ahmed
Additional contact information
Abduljeleel Badmus Olayiwola: Department of Accounting, Gombe State University, Nigeria
Adamu Danlami Ahmed: Department of Accounting, Gombe State University, Nigeria

Audit and Accounting Review, 2025, vol. 5, issue 1, 54-78

Abstract: This study examines the moderated effect of corporate tax on the relationship between sustainability disclosure and the value of industrial goods firms listed on the Nigeria Exchange Group from 2013 to 2022. The study adopted the modified Linear Information Model of firm value using Generalized Method of Moments (GMM) for regression via Stata. The results reveal that economic and environmental disclosure performances have a positive and significant effect on firm value. Moreover, results of this research reveal that Environmental performance disclosure has a positive and significant effect on the value of listed industrial goods firms in Nigeria. Corporate tax has a positive and significant moderating effect on economic disclosure and the value of listed industrial goods firms in Nigeria. However, disclosing social performance related activities has a negative but significant effect. The study recommends that listed firms in Nigeria should keep reporting their economic and environmental performance activities, although more awareness regarding social disclosure be encouraged.

Keywords: corporate tax; firm value; price-book-value; stakeholder theory; sustainability disclosure (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.umt.edu.pk/index.php/aar/article/view/6754/3155
https://journals.umt.edu.pk/index.php/aar/article/view/6754/3155

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:aarumt:021478

DOI: 10.32350/aar.51.03

Access Statistics for this article

Audit and Accounting Review is currently edited by Muhammad Hassan Danish

More articles in Audit and Accounting Review from University of Management and Technology, Lahore, Pakistan School of Commerce and Accountancy, University of Management and Technology, Lahore, Pakistan. Contact information at EDIRC.
Bibliographic data for series maintained by Asma Amantullah ().