Integrated reporting and corporate performance in Nigeria: Evidence from the banking industry

Figures & data

Table 1. Ordinary least squares results (including all effects)

Independent Var.	Pooled LS	Fixed Effects
IRI	0.054009(0.431923)	0.032909(0.488612)
DER	−0.019959(0.090991)	−0.033218 (0.078319)
TASS	1.003865***(0.049699)	1.059707***(0.065507)
C	−4.404567(1.984421)	−5.2909540(2.403204)
AR(1)	0.662892(0.079944)	0.231078(0.105789)
No. of Observations	96	96
R-Squared	0.970949	0.980642
Adjusted R^2	0.969672	0.976722
F-Statistics	760.3548	250.1276
Prob. (F-Stat.)	0.000000	0.000000
Durbin Watson	1.987120	1.876740

Note: reported in the parameters are the standard error while *, **, and *** represent respective significance level at 10%, 5%, and 1%.

Source: Author’s Computation (2019).

Table 2. KAO-based panel co-integration test

Kao Residual Cointegration Test
Series: PAT? IRI? DER? TASS?
Date: 11/06/19 Time: 22:01
Sample: 2009 2018
Included observations: 10
Null Hypothesis: No cointegration
Trend assumption: No deterministic trend
User-specified lag length: 1
Newey-West automatic bandwidth selection and Bartlett kernel
	t-Statistic	Prob.
ADF	−3.640615	0.0001
Residual variance	0.407817
HAC variance	0.320378

Source: Author’s Computation (2019).

Table A1. Integrated reporting index scoring table

IIRC Framework Elements	Basis of Scoring	Maximum Score	Total Maximum Score
Overview and External Environment	Vision and Mission	1	2
	External Environment	1
Governance	Report of Director’s Profile	1	3
	Report of Director’s Remuneration	1
	Report of Board and Audit Meetings	1
Business Model	Report of Specific Business Model Adopted	1	2
	Inclusion of Business Model in Report	1
Risk and Opportunities	Report of Risk	1	2
	Report of Opportunities	1
Strategy and Resource Allocation	Inclusion of strategy and resource allocation	1	1
Performance	Environmental Reporting	1	3
	CSR Performance Reporting	1
	Financial Performance Reporting	1
Outlook	Report of future forecasts	1	1
Basis of Preparation	Report of basis of preparation	1	1
Total			15 (100%)

Source: Author’s Design (2019).