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Corporate Characteristics and Environmental Reporting in Nigeria Manufacturing Sector

Author

Listed:
  • Chukwuebuka Victor Onovo

    (Department of Accountancy, Enugu State University of Science and Technology, Enugu, Nigeria)

  • Prof. Oliver Ikechukwu Inyiama

    (Department of Accounting, Covenant University Ota, Ogun State, Nigeria.)

  • Prof. Chike Nwoha

    (Department of Accountancy, Enugu State University of Science and Technology, Enugu, Nigeria)

Abstract

This study investigates the effect of Corporate Characteristics on Environmental Reporting of Beverage companies in Nigeria. Using company’s specific Corporate Characteristics. Firm Age (FA), Firm Size (FS) and Return on Assets (ROA) were used to proxy Corporate Characteristics, while Employee Health & Safety Cost Disclosures (EHSCD), Waste Management & Remediation Cost Disclosure (WMRCD) and Donations & Charity Contribution Cost Disclosures (DCCCD) served as proxies for the dependent variable – financial performance. The study selected all 3 companies out of four (4) quoted Beverage companies in Nigerian Stock Exchange as at 2021. Ex Post Facto research design was adopted and the secondary data were collected from annual reports of sampled firms from 2010 to 2019 through content analysis. The data were analyzed with descriptive statistics and regression analysis. Eview version 8 was applied in testing the hypotheses. The study showed that Sustainable Firm Age has a significant positive effect on EHSCD with a p – value of 0.0000 and a t – statistical value of 5.1416, while Firm Size has a significant positive effect on WMRCD with a p – value of 0.0000 and a t – statistical value of 5.1964. The study also reveal that Return on Assets has no significant positive effect on DCCCD with a p – value of 0.1176 and a t – statistical value of 1.6185. Based on these findings, the study recommended that companies should carter for the wellbeing of its employees, adopt practicable waste management plans, insure the environment against degradation, as well make valuable contributions to the society

Suggested Citation

  • Chukwuebuka Victor Onovo & Prof. Oliver Ikechukwu Inyiama & Prof. Chike Nwoha, 2022. "Corporate Characteristics and Environmental Reporting in Nigeria Manufacturing Sector," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(9), pages 564-572, September.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:9:p:564-572
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    References listed on IDEAS

    as
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    2. Emerald Edem Welbeck & Godfred Matthew Yaw Owusu & Rita Amoah Bekoe & John Amoah Kusi, 2017. "Determinants of environmental disclosures of listed firms in Ghana," International Journal of Corporate Social Responsibility, Springer, vol. 2(1), pages 1-12, December.
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