This study
investigated corporate sustainability and enterprise value creation in the
Nigerian stock market. The study compared the enterprise value and corporate
sustainability factors (CSFs) across the sectors in the Nigerian Stock Market.
The study also evaluated the impact of corporate sustainability factors (CSFs) on
firms’ enterprise value in Nigeria. The data were
sourced from various corporate publications such as annual reports and
independent reports (like sustainability reports) of the selected firms. The
study used content analysis to extract data for the study. Descriptive
statistics, and inferential statistics - One-way ANOVA and panel regression
analysis were used to estimate the models and test hypotheses of the study. The
Hausman test was also conducted to determine the most appropriate model between
fixed effect and random effect. The result indicated significant differences in
the enterprise value and corporate sustainability factors (CSFs) across the
Nigerian Stock Exchange Market sectors. Likewise, corporate environmental
disclosures had a significant impact on firms’ enterprise value in Nigeria. Similarly,
corporate social responsibility had a significant impact on firms’ enterprise
value in Nigeria. The study also revealed that corporate governance mechanisms
have significant impact on firms’ enterprise value in Nigeria. The study also
revealed that the corporate sustainability factors had a significant impact on
firms’ enterprise value creation in Nigeria. Conclusively, this study revealed
that corporate sustainability factors have significant influence on enterprise
value of companies listed on the Nigerian Stock Exchange Market. The study
recommended among other things that companies should incorporate environmental
sustainability practices into their business models, maintain good workplace,
ensuring protection of human rights, governing the business with fairness and
accountability to maximal stakeholder value.
IBEABUCHI-ANI, I (2024). Corporate Sustainability and Enterprise Value Creation in the Nigerian Stock Market:- Ibeabuchi-Ani, Ogechi . Repository.mouau.edu.ng: Retrieved Nov 05, 2024, from https://repository.mouau.edu.ng/work/view/corporate-sustainability-and-enterprise-value-creation-in-the-nigerian-stock-market-ibeabuchi-ani-ogechi-7-2
IBEABUCHI-ANI, IBEABUCHI-ANI. "Corporate Sustainability and Enterprise Value Creation in the Nigerian Stock Market:- Ibeabuchi-Ani, Ogechi " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 02 May. 2024, https://repository.mouau.edu.ng/work/view/corporate-sustainability-and-enterprise-value-creation-in-the-nigerian-stock-market-ibeabuchi-ani-ogechi-7-2. Accessed 05 Nov. 2024.
IBEABUCHI-ANI, IBEABUCHI-ANI. "Corporate Sustainability and Enterprise Value Creation in the Nigerian Stock Market:- Ibeabuchi-Ani, Ogechi ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 02 May. 2024. Web. 05 Nov. 2024. < https://repository.mouau.edu.ng/work/view/corporate-sustainability-and-enterprise-value-creation-in-the-nigerian-stock-market-ibeabuchi-ani-ogechi-7-2 >.
IBEABUCHI-ANI, IBEABUCHI-ANI. "Corporate Sustainability and Enterprise Value Creation in the Nigerian Stock Market:- Ibeabuchi-Ani, Ogechi " Repository.mouau.edu.ng (2024). Accessed 05 Nov. 2024. https://repository.mouau.edu.ng/work/view/corporate-sustainability-and-enterprise-value-creation-in-the-nigerian-stock-market-ibeabuchi-ani-ogechi-7-2