ENVIRONMENTAL DISCLOSURE AND MARKET VALUE ADDED OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

Authors

  • Fancy Ekaniyere Agweda Auchi Polytechnic, Auchi, Edo State, Nigeria.
  • Emmanuel I. Okoye Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.
  • Nestor Ndubuisi Amahalu Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.
  • Priscilia Uchenna Egolum Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.
  • Obi Juliet Chinyere Department of Accountancy, Chukwuemeka Odumegwu Ojukwu University,, Anambra State, Nigeria.

Keywords:

Compliance Disclosure, Disclosure Market Value Added, Emissions Disclosure, Pollution Control Equipment

Abstract

 This study assessed the effect  of environmental disclosure on market value added of listed industrial goods firms in Nigeria. Emissions Disclosure, Pollution Control Equipment Disclosure, Compliance Disclosure, and Environmental Grievance Mechanisms Disclosure were used to proxy Environmental Disclosure while market value added served as the dependent variable. Ex-Post facto research design was employed. Twelve listed industrial goods firms were sampled just as secondary data extracts from the firms’ 2012 – 2023 annual reports and accounts and were analysed using E-Views 10.0 statistical software. The study employed inferential statistics using Pearson correlation, and Panel Least Square (PLS) regression analysis. Findings from the empirical analysis showed that a relationship exists between environmental disclosure and market value added of listed industrial goods firms. As disaggregated components; emissions disclosure (β1= 0.044360; p-value = 0.000033), pollution control equipment disclosure (β1= 0.340180; p-value = 0.015444), compliance disclosure (β1= 0.006466; p-value = 0.000000) and environmental grievance mechanisms disclosure (β1= 0.469364; p-value = 0.000000) has a significant and positive effect on market value added of sampled listed industrial goods firms respectively. The study concluded that the components of environmental disclosure considered in this study are important variables in explaining market value added of listed industrial goods firms in Nigeria. It was recommended inter alia that corporate firms should as a business ethic implementation, cultivate the habit of environmental disclosure in order to improve the social trust of stakeholders, especially customers to use environmentally friendly products which improve firms' revenue and further increases firms' profitability

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Published

2024-12-31

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How to Cite

ENVIRONMENTAL DISCLOSURE AND MARKET VALUE ADDED OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA. (2024). Journal of Global Accounting, 10(4), 69 - 84. https://journals.unizik.edu.ng/joga/article/view/5176

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