IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-84885-8_21.html
   My bibliography  Save this book chapter

Corporate Environmental Sustainability Reporting and Value Relevance of Listed Financial Service Firms in Nigeria

In: Impacting Society Positively Through Technology in Accounting and Business Processes

Author

Listed:
  • Wilson Adebayo Adepiti

    (Adekunle Ajasin University)

  • Muyiwa Ezekiel Alade

    (Adekunle Ajasin University)

Abstract

Corporate activities have resulted in depletion of natural resources, environmental pollution and hazard, while reporting such environmental engagements is capable of affecting corporate market values. This study was conducted to examine value relevance of corporate environmental sustainability reporting of listed financial service firms in Nigeria. The study employed ex post facto research design. Data were obtained from secondary sources through published annual reports and sustainability reports of selected firms for the period 2010 to 2020. The population consists of 51 financial service listed firms, while 35 firms were purposively sampled. Data collected were analysed using panel corrected standard error (PCSE) regression. The study revealed that materials, effluents and waste as measures of corporate environmental sustainability reporting are significantly value relevant, while compliance disclosure and energy consumption have no statistically significant effect. The studyconcluded that any improvement in the policy direction of the firms’ corporate environmental sustainability reporting will lead to improved corporate value among listed financial service firms. The study recommended that firms should give adequate attention to the projection of their environmental sustainability information in order to promote its value relevance and increase competitive edge.

Suggested Citation

  • Wilson Adebayo Adepiti & Muyiwa Ezekiel Alade, 2025. "Corporate Environmental Sustainability Reporting and Value Relevance of Listed Financial Service Firms in Nigeria," Springer Proceedings in Business and Economics, in: Tankiso Moloi (ed.), Impacting Society Positively Through Technology in Accounting and Business Processes, pages 387-405, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-84885-8_21
    DOI: 10.1007/978-3-031-84885-8_21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-84885-8_21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.