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ZENODO
Dataset . 2026
License: CC BY
Data sources: ZENODO
ZENODO
Dataset . 2026
License: CC BY
Data sources: Datacite
ZENODO
Dataset . 2026
License: CC BY
Data sources: Datacite
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SUSTAINABILITY REPORTING AND THE VALUE OF QUOTED PHARMACEUTICAL COMPANIES IN NIGERIA

Authors: EDIAGBORUME, Edward Onayomake;

SUSTAINABILITY REPORTING AND THE VALUE OF QUOTED PHARMACEUTICAL COMPANIES IN NIGERIA

Abstract

This study examined the relationship between sustainability reporting and firm value among listed pharmaceutical companies in Nigeria, utilizing panel data spanning from 2010 to 2023. The independent variables are economic, social, and environmental reporting. Data were extracted from annual financial statements of seven publicly traded pharmaceutical firms included in the study. The collected data underwent several statistical analyses. The findings indicate that economic sustainability reporting has a significant and positive impact on firm value, with a p-value of 0.0000, which is below the 0.05 threshold. In contrast, environmental sustainability reporting showed a positive but statistically insignificant effect, with a p-value of 0.2210. Social sustainability reporting, however, also demonstrated a positive and statistically significant influence on firm value, with a p-value of 0.0360. Hence, the study recommends that pharmaceutical firms strengthen their economic sustainability practices, as they have a demonstrable effect on enhancing firm value, potentially attracting investors and improving market performance. Given the lack of statistical significance found in the relationship between environmental sustainability efforts and firm value, stakeholders should be cautious about relying solely on environmental factors when assessing the investment potential of listed pharmaceutical firms.

Related Organizations
Keywords

Sustainability Reporting, Firm Value, Economic Sustainability, Tobin's Q, Sustainable Development.

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average