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The Value Relevance of Environmental Responsibility Information Disclosure in Nigeria

Author

Listed:
  • Victor Chiedu Oba

    (Nasarawa State University Keffi, Nigeria)

  • Musa Inuwa Fodio

    (University of Abuja, Nigeria)

  • Benedict Soje

    (USalem University, Kogi State, Nigeria)

Abstract

Nigeria firms are facing the challenge of discharging sound environmental practices and disclosing environmental information in order to meet up with public concerns regarding these issues. This study basically investigates the association between environmental responsibility information disclosure and financial performance. To achieve the objective of this study, eighteen listed firms were randomly selected from four environmentally sensitive industries for the year 2005 – 2009. Using the ordinary least square and logistic regression to test the research proposition, the study observed that there is a positive significant association between environmental responsibility and financial performance and vice versa. Additionally, foreign directors were found to play significant roles in these interactions. The paper therefore calls for an embrace of sound environmental policies and disclosure practices by Nigerian firms and also recommends further research into associated explanatory factors and disclosure practices.

Suggested Citation

  • Victor Chiedu Oba & Musa Inuwa Fodio & Benedict Soje, 2012. "The Value Relevance of Environmental Responsibility Information Disclosure in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 8(6), pages 99-112, December.
    • Handle: RePEc:dug:actaec:y:2012:i:6:p:99-112
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1534
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Okwy Peter Okpala & Oluwamayowa Olalekan Iredele, 2018. "Corporate Social And Environmental Disclosures And Market Value Of Listed Firms In Nigeria," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 7(3), pages 9-28.
    2. Oluwamayowa Olalekan Iredele & Omowunmi Jumoke Ogunleye & Okwy Peter Okpala, 2017. "Determining the Business Case for Environmental Management Accounting (EMA) Practices among Listed Firms in Nigeria: The Stewardship Approach," EuroEconomica, Danubius University of Galati, issue 2(36), pages 179-194, November.
    3. Victor Chiedu OBA & Jide IBIKUNLE & Yau Mohammed DAMAGUM, 2013. "The Impact of Board Mechanisms on Intellectual Capital Disclosures in Nigeria," The Journal of Accounting and Management, Danubius University of Galati, issue 1, pages 65-80, April.
    4. Victor Chiedu OBA & Nana BATURE, 2013. "Value Relevance of Intellectual Capital Reporting in Top Nigerian Firms," EuroEconomica, Danubius University of Galati, issue 2(32), pages 141-147, September.

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