Environmental Responsibility Accounting Practices Disclosure and Performance of Quoted Manufacturing Firms in Nigeria
This study examined the relationship between environmental responsibility accounting practices disclosure and performance of quoted manufacturing firms in Nigeria. The study adopted environmental responsibility accounting practices disclosure (ERAP) based on the Global Reporting Initiative (GRI) Reporting Guidelines as the dependent variable, while return on total assets (ROTA) and assets size (SIZE) were used to represent firm performance and the independent variables. The study which was anchored on the stakeholders’ theory used secondary data obtained from the annual reports of 73 manufacturing companies quoted on the floor of the Nigeria Stock Exchange for the years 2013- 2017. The ordinary least square (OLS) regression method was used as the basic technique of data analysis. Findings of the study revealed the existence of a significant positive relationship between firm performance and environmental responsibility accounting practices disclosure in the manufacturing sector of Nigeria. However, the findings of the study also indicated that environmental responsibility accounting practices disclosure in Nigeria is still developing and that manufacturing sector organizations report very little information about the impact of their operations on the environment. The study recommended, amongst others, that the relevant authorities and regulatory bodies in the country formulate statutory environmental friendly standards requirements for manufacturing sector organizations to comply with in order to facilitate environmental responsibility accounting practices disclosure.
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Lyndon M. Etale
Department of Accountancy, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria.
Department of Accounting and Finance, Faculty of Humanities, Social and Management Sciences, Edwin Clark University, Kiagbodo, Delta State, Nigeria.
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