Sustainability Reporting and Firms’ Value in Nigeria: Moderating Role of Research and Development Expenditure: A Conceptual Review
DOI:
https://doi.org/10.61143/umyu-jafr.8(1)2025.002Keywords:
Firm’s value, Economic Reporting, Social Reporting, Environmental ReportingAbstract
This study aims to review the moderating effect of research and development expenditures on the relationship between sustainability reporting and firm value of non-financial firms in Nigeria from 2017 to 2024. This study adopted literature survey research design as previous researches on the area were examined. The reviews shows that the influence of sustainability reporting on firms' value varies across the sectors, while companies like oil & gas and manufacturing firms benefit most from environmental reporting, other service-based industries like telecommunications gain more from the social disclosure. The review further reveals that while sustainability reporting positively influences firms’ value, R&D expenditures could align sustainability efforts and enhance communication to stockholders. The paper therefore recommends that government should make sustainability practices mandatory among the companies in Nigeria.
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