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Contact Name
Diah Hari Suryaningrum
Contact Email
diah.suryaningrum.ak@upnjatim.ac.id
Phone
+6281703170900
Journal Mail Official
editorpmar@gmail.com
Editorial Address
Gunung Anyar Emas A-5, Surabaya, Jawa Timur, 60294 - Indonesia
Location
Kota surabaya,
Jawa timur
INDONESIA
Indonesian Journal of Sustainability Policy and Technology
ISSN : -     EISSN : 3047874X     DOI : https://doi.org/10.61656/ijospat.v1i2.155
The Indonesian Journal of Sustainability Policy and Technology (IJoSPaT) is a multidisciplinary scientific journal covering many common problems or issues related to sustainability, policy, and technology. This journal publication aims to disseminate the conceptual thoughts or ideas and research results that have been achieved in the areas of sustainability, policy, and technology. IJoSPaT accepts papers in English and Bahasa Indonesia. IJoSPaT publishes twice yearly, in May (December-May) and November (June-November). Focus and Scope This journal publication aims to disseminate the conceptual thoughts or ideas and research results that have been achieved in the areas of Sustainability, Policy, and Technology. IJoSPaT particularly focuses on the main problems in the development of the sciences of sustainability and policy areas as follows: Economic Sustainability Policy and Technology; Environmental Sustainability Policy and Technology; Social Sustainability Policy and Technology; Governance Sustainability Policy and Technology; Health Sustainability Policy and Technology; Education Sustainability, Policy, and Technology; Fiscal Sustainability, Policy, and Technology; Public Sector Sustainability, Policy, and Technology; Green Economy, Policy, and Technology.
Arjuna Subject : Umum - Umum
Articles 31 Documents
Sustainability Reporting and Investors' Perception: Evidence from Selected Sectors in Nigeria Ajasa-Adeoye, Fadekemi; Osamor, Ifeoma Patricia; Godwin, Omoregbee; Oyetunji, Honour Oyedoyin; Adeoye, Samuel; Mhlongo, Vutomi Maureen
Indonesian Journal of Sustainability Policy and Technology Vol. 4 No. 1 (2026): Indonesian Journal of Sustainability Policy and Technology - May 2026
Publisher : PT Global Digital Sains Tekno

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61656/ijospat.v4i1.419

Abstract

Purpose: The study aimed to investigate the effect of sustainability reporting on investors’ perceptions in Nigeria, specifically examining how environmental, social, and governance (ESG) disclosures influence the Price Earnings (P/E) ratio of listed firms. Method: An ex-post facto research design was employed using panel data from ten listed firms in the oil and gas and industrial goods sectors between 2015 and 2024. Data were collected from annual reports, sustainability reports, and NGX sources. ESG disclosure indices were constructed and normalized. Panel regression techniques were applied, with the Hausman test supporting the use of fixed effects. Findings: The results revealed that environmental, social, and governance disclosures had a positive and significant effect on the P/E ratio. The combined ESG model explained 34.56% of the variation in P/E ratios, indicating that sustainability reporting is value-relevant for investors. Implication: The study recommends that firms enhance the quality of ESG disclosures and that regulators promote standardized reporting practices. Such measures would improve market transparency and strengthen investor confidence in Nigeria’s capital market. Originality: This research provides empirical evidence from Nigeria, highlighting the direct link between sustainability reporting and investor valuation metrics. It contributes to the literature by demonstrating the relevance of ESG disclosures in shaping investor perceptions in emerging markets.

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