E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 2, 2023

Corporate Firm Attributes and Environmental Disclosure Quality of Listed Industrial Firms in Nigeria

Author(s): Ihenyen J Confidence, Fatele Emmanuel Oloruunleke, Dennis Esther


We surveyed Nigerian manufacturers to learn more about their operations and environmental reporting. Ex-post facto data were gathered from a company's published annual report between 2010 and 2020. Thirteen manufacturing firms were represented in the sample. Indicators of business characteristics such as profitability, board size, age, and firm size were incorporated into the study. Descriptive statistics, correlation analysis, and ordinary least squares were employed to analyze the data (OLS). According to the statistics, both board size and business age have substantial and favorable effects on environmental quality. Also, there was a positive correlation between company size and the quality of environmental disclosure, however this correlation was not statistically significant. The quality of environmental disclosure has a tiny but unfavorable effect on return on investment. The data demonstrate that board size and company age are important determinants of environmental information disclosure. It has been proven that raising awareness about a company's influence on the environment may increase sales and gain the respect of the community. The research does find, however, that older organizations are more likely to publicly commit to environmental initiatives. This means that longer-standing companies are more likely to pursue novel strategies and have a greater capacity to respond to shifting market conditions.

Keywords: Firm Size, Firm Age, Environmental Disclosure Quality, Board Size, Nigeria

Pages: 992-996

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