Environmental Accounting Disclosure Practice of Quoted Manufacturing Companies in Nigeria
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Date
2021
Authors
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Journal ISSN
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Publisher
Global Journal of Business, Economics and Management: Current Issues
Abstract
The study assessed the level of environmental disclosure practice of manufacturing companies in Nigeria. Anchored on the
legitimacy theory, the ex post facto research design was adopted by the study. The sample was drawn from a population of
60 quoted manufacturing companies on the floor of the Nigerian Stock Exchange as on 31 December 2017 using the
judgmental sampling technique. The study variables were sourced from the annual reports and the stand-alone
environmental reports of the selected companies from 2007 to 2017. The global reporting initiative environmental disclosure
index was adopted in assessing the disclosure practice of the companies over the years. The findings showed that the
environmental disclosure practice of the quoted manufacturing companies was low in the areas of material, energy,
emissions, effluent and waste, water and biodiversity. A good number of the manufacturing companies disclosed very well
the theme ‘others’ in the area of environmental expenditure and investment. The study further observed a non-significant
statistical difference in the disclosure practice of manufacturing companies over the years (t = −1.440, p = 0.223). The study
concluded that there exists no significant difference in the level of environmental disclosure practice of manufacturing
companies in Nigeria from 2007 to 2017.
Description
Keywords
Environmental disclosure, Legitimacy,, Global reporting initiative, Environmental expenditure, Investment
Citation
Worimegbe, T. M. & Oyewole T. (2021). Environmental accounting disclosure practice of quoted manufacturing companies in Nigeria. Global Journal of Business, Economics and Management: Current Issues. https://doi.org/10.18844/gjbem.v11i1.5065