POLLUTION CONTROL EQUIPMENT DISCLOSURE AND MARKET CAPITALISATION OF LISTED OIL AND GAS FIRMS IN NIGERIA
Keywords:
Emission Disclosure, Market Capitalisation, Pollution Control, Equipment DisclosureAbstract
This study ascertained the effect of pollution control equipment disclosure on market capitalization of listed oil and gas firms in Nigeria for seventeen (17) year period spanning from 2008-2024. Specifically, this study ascertained the effect of pollution control equipment disclosure on market capitalisation. Panel data were used in this study, which were obtained from the annual reports and accounts of nine (9) listed oil and gas companies for the periods 2008-2024. Ex-Post Facto research design was employed. Inferential statistics using Panel least square regression analysis was employed to test the hypotheses of the study. Conclusively, the results of the tested hypotheses revealed that pollution control equipment disclosure has a significant and positive effect on market capitalization (β1 = 1.454942; p-value = 0.0099). The study recommended that corporate firms should undertake more social responsibility and environmental responsibility in order to strengthen their communication with stakeholder and then improve corporate image and market competition.
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