Effect of Ownership Structure on Sustainability Reporting of Listed Industrial Goods Companies in Nigeria

This study examines the relationship between ownership structures and sustainability reporting in the context of listed industrial goods companies in Nigeria. Drawing on a large dataset, the study uses quantitative tools, such as regression analysis, to determine the impact of ownership arrangements on both sustainability reporting practices and financial performance. Secondary data were collected from 12 listed industrial goods companies in Nigeria for a period of ten years covering 2013 to 2022. Descriptive statistics and regression analysis were conducted to test the hypotheses. The paper found a significant positive effect of ownership structure on sustainability reporting of listed industrial goods companies in Nigeria. The study recommends amongst others that the management of organisations, particularly the industrial goods companies in Nigeria, adopt and implement board independence enhancement policy and ownership structure transparency and diversity policy to guide and strengthen the quality of Board Independence (BI) and Board Ownership (BO), as they have been found to have a significant impact on the environmental disclosure of listed industrial goods companies in Nigeria.