Sustainability Reporting and Corporate Performance of Listed Healthcare Sector Firms in Nigeria

Abstract

The study investigated the effect of sustainability reporting on financial performance of healthcare companies in Nigeria. This study adopted the ex-post fact design and the data was extracted from the annual reports of the healthcare companies for a period of eleven years spanning from 2010 – 2020. The data obtained were subjected to statistical analysis using descriptive statistics, Pearson correlation coefficient and multiple regression analysis with the aid of E-View 10 software. The results revealed that environmental sustainability reporting have a negative significant influence on return on asset, while, social reporting has a positive and non-significant impact on return on asset. Governance disclosure has a positive and significant influence on return on asset. The study recommended that healthcare sector companies should imbibe the sustainability reporting index which will influence the financial performance of firms in the sector; and that the regulatory authorities should enact a law that mandate companies to report their sustainability reporting.