IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 8 NO. 1 2022

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Web Based Environmental Disclosure and Financial Performance of Quoted Firms in Nigeria

Onuora, J. K. J. PhD, Obiora Fabian. PhD & Atusiaka Chidimma I.

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Abstract

This study was carried out to examine the relationship between web based environmental disclosure and financial performance of quoted firms in Nigeria. In order to determine the relationship between web based environmental disclosure (WED) and financial performance, web based environmental disclosure was proxy using Kinder Lydenberg Domini (KLD) social- environmental performance rating system while financial performance on the hand was proxy using net assets per share (NAPS). The study adopted Ex Post Facto Design and data were collected from the annual reports and accounts of consumer goods firms in Nigeria spanning from 2016-2021. The study employed OLS regression model as a statistical test tool. The findings of the study indicate that web based environmental disclosure (WED) has significant and positive relationship with financial performance (NAPS) of quoted firms in Nigeria at 1% significant level. Thus, the study concludes that web based environmental disclosure ensures firms performance in Nigeria. Hence, the study recommended that the management of environmentally-sensitive firms in Nigeria should sustain and enhance environmental sustainability reporting since it has positive and significant relationship with financial performance.

keywords:

Environmental Disclosure, Financial Performance, Net Assets Per Share.

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