MODERATING EFFECT OF BOARD SUSTAINABILITY COMMITTEE ON SOCIAL DISCLOSURE AND PERFORMANCE OF NON-FINANCIAL COMPANIES IN NIGERIA

Abstract

This study investigated the moderating effect of board sustainability committee on the relationship between social disclosure and performance of non-financial companies listed on the Nigerian Exchange Group. The independent variable used was social disclosure while the moderating and control variables were board sustainability committee and firm size respectively. The dependent variable was firm performance proxied by return on assets, return on equity and Tobin’s Q. The study adopted Ex Post Facto research design while data were obtained from financial reports of thirty (30) non-financial firms out of a population of 72 non-financial firms listed on the Nigeria Exchange Group as at December, 2024. The condition for selecting the 30 companies was based on the availability of data within the study period 2015-2024. The multiple regression method of data analysis was employed to analyze the data; it was found that social disclosure had significant effect on all the performance proxies. It was further found that the moderating effect of board sustainability committee with social disclosure had significant effect on all the proxies of performance except return on equity which had insignificant effect. The study concluded that the moderating effect of board sustainability committee on social disclosure had significant effect on the performance of non-financial companies listed on the Nigerian Exchange Group. It was recommended that non-financial companies in Nigeria should continue to disclose social issues in the manner that will affect positive performance