The effects of financial performance and corporate social responsibility on integrated reporting: The case of listed firms in Nigeria

Abstract

This study investigates the impact of financial performance (FP) and corporate social responsibility (CSR) on integrated reporting (IR) of listed firms in Nigeria during the 2013–2022 period. Using a set of 630 firm-year observations over ten years, this study establishes a direct association between FP, CSR, and IR by employing a quantile regression estimator for panel data (QRPD) with nonadditive fixed effects, which provides a more inclusive understanding of the stated relationships than traditional linear regression models. In addition, two-stage least squares (2SLS) instrumental variable (IV) regression was used to assess the robustness of the main analysis. The results show that IR is positively affected by FP and negatively affected by CSR. Additionally, the results show that CSR significantly moderates the association between FP and IR. These findings highlight the importance of FP and CSR in a firm’s decision to implement the IR framework. The study extends the literature on the impact of FP and CSR on IR using QRPD within a developing African country context.