Mountain Top University Library

This study aims to investigate the effect of economic disclosure index, social disclosure index and environmental disclosure index on return on assets and return on capital employed of listed consumer goods companies in Nigeria. The method employed for the study was a expostfacto research design, in which data were collected through annual report of listed consumer goods companies under NGX. The population of the study comprised all listed consumer goods companies in Nigeria, while 13 listed consumer goods were used as sampling frame for the
study with convenience sampling technique. A total of 142 extraction are analysed for this
study. The data was analysed using multiple regression analysis. The study reveals that economic disclosure index with p-value (0.456), social disclosure index (0.085), environmental disclosure index with p-value (0.019) as well as firm size p-value (0.021) have no significant influence on the financial performance. The study also reveals that economic disclosure index
with p-value (0.252), social disclosure index with p-value (0.994), environmental disclosure index with p-value (0.125) and firm size with p-value (0.005), have no significant influence on
financial performance. In all, the study concludes that corporate sustainability reporting
practices have significant effect on financial performance. It was therefore recommended that stakeholders should have enough respect for their own reputations and careers to encourage objectivity and effective use of safety measures of disclosure index.
Keywords: Return on assets (ROA), Return on capital employed (ROCE), Economic disclosure index, Social disclosure index, Environmental disclosure index.