EFFECT OF FIRM ATTRIBUTES ON SUSTAINABILITY DISCLOSURE OF LISTED MANUFACTURING COMPANIES IN NIGERIA

Abstract

The study examined the effect of firm attributes on sustainability disclosure of listed manufacturing companies in Nigeria. The study only test for the effect of firm attributes on the environmental aspect of sustainability disclosure. The study adopts the quantitative research approach, based on an ex-post facto research design. The study population consists of 56 manufacturing companies listed on the Nigerian Exchange Group (NGX) as at 31^st December, 2024.  The sample size for the study consists of 30 companies which were selected based on the non-probability sampling technique. The data (2013-2023) gotten are analyzed using the panel regression technique. The study found that, market attributes (SHP & LEV) have no significant effect on environmental disclosure of listed manufacturing companies in Nigeria. Secondly, it is found that, profitability has a significant effect while liquidity has no significant effect on environmental disclosure of listed manufacturing companies in Nigeria. Thirdly, the study found that, governance attributes (BDS and BDC) has no significant effect on environmental disclosure of listed manufacturing companies in Nigeria. The study therefore recommended that, managers of listed manufacturing companies should prioritize voluntary environmental disclosures despite the study's finding of an insignificant effect of market attributes. To enhance transparency and sustainability, companies should prioritize integrating robust environmental policies, stakeholder engagement, and targeted training programs that foster a culture of environmental accountability beyond board composition or size.