IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 9 NO. 6 2023
DOI: https://doi.org/10.56201/jafm.v9.no6.2023.pg65.79

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Environmental Accounting Disclosure and Market Value of Listed Food and Beverages Companies in Nigeria

JONAH Ngbomowa Moses PhD, AARON Clinton Chika

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Abstract

The study determined the relationship between environmental accounting disclosure (EAD) and market value of shares listed in food and beverages companies in Nigeria. It adopted an ex-post facto research design, while secondary data collected from 10 selected food and beverages companies listed on Nigeria Stock Exchange Annual Reports were used. Content analysis of environmental accounting disclosure was carried out. Mean, standard deviation, multiple regression and Pearson product-moment correlation were adopted in the analysis of the data, aided by SPSS version 22.0. The empirical findings showed that environmental accounting disclosure (EAD) had a significant relationship with market value of shares. Environmental pollution and control policy (EPC) and cost of compliance with environmental law (CEL) had a positive significant relationship with earnings per share. However, EPC and CEL did not have any influence on book value equity per share. The study concluded that there is a need for firms to disclose environmental accounting information, as it helps to improve the market value of firms.

keywords:

Environmental accounting disclosure, market value, environmental pollution and control policy, cost of compliance with environmental law, earning per share, book value equity share

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References:

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