ISSN: 2583-4371
    Email Id: editor.ijtle@gmail.com
    ISSN: 2583-4371
    Email Id: editor.ijtle@gmail.com

    Corporate Sustainability Dimensions and Enterprise Value Creation in Agro-Allied Firms Listed in the Nigerian Exchange Group

    JOURNAL ARTICLE

    Author: Chioma Gloria Michael-Ofre, Christy Twaliwi Zwingina

    Keywords: Corporate Sustainability, Environmental Sustainability, Social Sustainability, Governance Sustainability, Economic Sustainability, Enterprise Value Creation.

    Abstract: The study investigated the effect of the corporate sustainability dimensions on the enterprise value creation of agro-allied firms listed on the Nigerian Exchange Group. The objective of the study is to assess the effect of the corporate sustainability dimensions of environmental, social, governance, and economic on the enterprise value creation of agro-allied firms. This was carried out using a survey research design. The population of the study was 1176 permanent staff of the five agro-allied firms listed on the Nigerian Exchange Group, with a sample of 298 personnel obtained using the Taro Yamane formula. The study used primary qualitative data that was translated into quantitative data using 5-point Likert scaling. The questionnaire used for the study was tested for its reliability and validity and was found to be adequate for the study. Using version 26 of the Statistical Package for Social Science software, the data were analysed using descriptive and inferential statistics. For the inferential statistics, linear multiple regression was used. The study’s findings reveal that, overall, corporate sustainability dimensions have a significant effect on the enterprise value creation of agro-allied firms listed on the Nigerian Exchange Group. In line with the study hypothesis, it was concluded that the environmental dimension has the leading positive and significant effect on the agro-allied firms’ enterprise value creation, followed by the governance dimension and the social dimension. Whereas the economic dimension has no significant effect on the agro-allied firms’ enterprise value creation. The study, therefore, recommends that the corporate sustainability dimensions of environmental, social, and governance be prioritised over the economic dimension by agro-allied firms listed on the Nigerian Exchange Group.

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