Research Article

Effect of Environmental Cost Disclosure on Financial Performance of Listed Consumer Goods Firms in Nigeria

Jennifer Omoo Nakpodia1*, Kabiru Isah Dandago2
1 Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Nigeria
2 Department of Accounting, Bayero University, Kano, Nigeria
* Corresponding author: jennnakpodia@gmail.com
Published: Dec, 2022
DOI: 10.67894/bjms.2022.m94zvl7v
Pages: 115-131

Abstract

The intention to inquire into the effect of environmental cost disclosure on the financial performance of listed consumer goods firms in Nigeria motivated this study. The study adopted an ex-post factor research design, The Panel data were sourced from annual reports and fact books of listed consumer goods firms for the period of ten (10) years spanning from 2012-2021. Regression analysis was carried out with the aid of EVIEWS 10.0. Waste Management Cost was used as proxy to Environmental Cost Disclosure (independent variable) while Net Profit Margin (NPM) and Earning Per Share (EPS) served as proxies to Financial Performance (dependent variable). Results from the analysis carried out proved that Environmental Cost Disclosure significantly affect Financial Performance of listed consumer goods firms in Nigeria. The study recommends that disclosure should be quantitative in nature, in other to have an overall view of firms’ performance and that single report of environmental disclosure and financial performance should be made available to stakeholders.

Keywords

Environmental Cost Disclosures Financial Performance Net Profit Margin Earnings Per Share Waste Management Cost Leverage Consumer Goods Firms

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How to Cite

Nakpodia, J. O., & Dandago, K. I. (2022). Effect of Environmental Cost Disclosure on Financial Performance of Listed Consumer Goods Firms in Nigeria. Bayero Journal of Management Sciences, 4(2), 115-131. https://doi.org/10.67894/bjms.2022.m94zvl7v

J. O. Nakpodia, and K. I. Dandago, "Effect of Environmental Cost Disclosure on Financial Performance of Listed Consumer Goods Firms in Nigeria," Bayero Journal of Management Sciences, vol. 4, no. 2, pp. 115-131, December 2022. doi: 10.67894/bjms.2022.m94zvl7v

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