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. 9 NO. 2 2023

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Web Based Environmental Disclosure and Firm Value: Empirical Evidence on Listed Manufacturing Firms in Nigeria

Anyadufu, Anthony Onyeka, Jerry Chukwuebuka Orajekwe

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Abstract

The relationship between web based environmental disclosure and value of listed manufacturing firms in Nigeria was empirically examined. To determine the relationship between web based environmental disclosure (WED) and firm value, web based environment disclosure was measured using a dichotomous procedure adopted from GRI while firm value on the hand was proxy using price to book value (PBV). The study adopted Ex Post Facto Design and data were collected from the annual reports and accounts of listed manufacturing firms in Nigeria for the period ended; 2014-2021. The study used panel least square model as a statistical test tool. The findings of the study show that web based environmental disclosure (WED) has significant and positive effect on value (PBV) of listed manufacturing firms in Nigeria at 1% significant level. Thus, the study concludes that web based environmental disclosure ensures firms’ value in Nigeria. Based on this, the study recommended that corporate environmental resource recycling cost should be decreased for better environmental protection which ensures firms value.

keywords:

Web Based Environmental Disclosure; Firm Value; Price to Book Value

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References:

Almaliki, Y. (2020). Impact of green accounting on improving environmental cost and
performance; An analytical study from an academic post. International Journal of
Engineering Technology Research and Management, 4(3), 127-143

Brockman, T. (2015). Social corporate disclosure and firms performance, evidence from list
manufacturing firms’ in Italy, Journal of Science, 4(9), 45-52.

Chinwe, A. S. (2013). The impact of environmental pollution in Imo State: a case study of
Okigwe local government area. Journal of Educational and Social Research, 3(5), 79-79.

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