Corporate Sustainability Disclosure, Board Gender Diversity and Firm Value of Listed Non-Financial Companies in Nigeria

This study examined effect of board gender diversity on the relationship between corporate sustainability disclosure and firm value in Nigerian listed non-financial companies. In addition to evaluating the effect of board gender diversity on these linkages, the study looks at how environmental, economic, social, and governance reporting affects business value. Data was acquired through a quantitative approach, including secondary data from annual reports and sustainability declarations of listed corporations for the period of 2014-2023. The population of the study covered 105 companies from 10 different sectors. The analysis applied regression techniques to analyze the correlations among the variables. The results show that whereas economic reporting greatly increases firm value, environmental reporting has a positive correlation with it. Improved stakeholder trust and corporate reputation are associated with social reporting, whereas increased corporate transparency is a result of governance reporting, which is especially impacted by the gender diversity of the board. According to the report, companies that disclose more about sustainability also have lower capital costs since investors are more confident. Additionally, it reveals that businesses that exhibit sound governance processes have a higher chance of drawing in long-term investments. Additionally, companies with diverse boards typically employ more thorough sustainability plans, which improve their financial results. By emphasizing the vital role that gender diversity plays in corporate governance as a facilitator of successful sustainability practices, this study adds to the body of knowledge. In order to improve sustainability results, it also recommends future study directions that examine the wider effects of gender diversity across a range of industries and support laws that encourage fair representation in corporate leadership.