ENVIRONMENTAL WASTE MANAGEMENT DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA

Authors

  • Dr. Aniebiet J. Etuk Department of Marketing Akwa Ibom State University
  • Dr. Emmanuel O. Emenyi Department of Accounting Akwa Ibom State University
  • Ediomo N. Ekanem Department of Accounting Akwa Ibom State University

Keywords:

Environmental Waste Management Disclosure. Financial Performance, Listed Consumer Goods Firms, Nigeria

Abstract

This paper scrutinized the effect of environmental waste management disclosure on financial performance of listed consumer goods companies in Nigeria. This study considered environmentally related costs as a proxy for environmental waste management and return on equity (ROE) as a proxy of financial performance, using 21 listed consumer goods companies as the study population. Secondary data were extracted from the annual report of these companies while simple purposive sampling technique was adopted for the selected sample size (17). In testing for the effect of environmental waste management on financial performance of the consumer goods sector, the researchers conducted panel least square regression after checking for inconsistencies with the basic assumptions of the least square regression method. The result obtained however, revealed that environmental waste management has a significant negative effect on financial performance of listed consumer goods companies in Nigeria; and it was recommended that the firms involved should evaluate the efficiency and cost-effectiveness of their current environmental waste management practices, exploring innovative solutions, and aligning environmental initiatives with overarching financial objectives in order to eliminate the negative effect that existed

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Published

2024-05-27

How to Cite

Aniebiet , J. E., Emenyi, E. O. ., & Ediomo Department of Accounting Akwa Ibom State University, N. E. (2024). ENVIRONMENTAL WASTE MANAGEMENT DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA. Advance Journal of Management, Accounting and Finance, 9(5), 33–53. Retrieved from https://aspjournals.org/ajmaf/index.php/ajmaf/article/view/93

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