Impact of Integrated Reporting on the Profitability of Quoted NonFinancial Companies in Nigeria

Abstract

Integrated Reporting defines a new form of disclosure to provide a holistic view of the organization and aims to support decision making and actions that focus on the creation of value. The main objective of this study is to ascertain the impact of Integrated Reporting on the profitability of quoted non-financial firms in Nigeria. Data were sourced from annual reports and account of companies selected for this study. The data covered the period of 2017 -2024. Collected data were analyzed using panel regression analysis. The study found out that: Economic reporting and corporate governance have significant impact on return on asset as indicated by p-value (0.008 and 0.047) respectively at less than 0.05 significance level. While social reporting and environmental reporting do not have significant impact on return on asset as indicated by p-value (0.269 and 0.601) respectively greater than 0.05 level of significance. Based on the findings, the study concluded that integrated reporting has significant impact on the profitability of quoted nonfinancial firms in Nigeria. The study therefore recommends that management of non-financial firms in Nigeria should appropriately report the information on corporate social responsibility such as social reporting and environmental reporting in order to improve the performance of their firms.