Abubakar Rabiu Baba - Academia.edu (original) (raw)
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Environmental disclosure is a significant element voluntarily disclosed by organizations, as inte... more Environmental disclosure is a significant element voluntarily disclosed by organizations, as integral part of corporate social responsibility. This study examined impact of environmental disclosure on financial performance of listed cement manufacturing companies in Nigeria. An ex post facto research design was adopted. The study generated Panel data from the listed cement manufacturing companies' annual reports and financial statements for the period 2017 to 2021. The data was analyzed using descriptive and fixed effect techniques. From the result, the estimated coefficient of environmental disclosure is positive (0.439) and statistically significant at 1 per cent. This showed that environmental disclosure has positive impact on financial performance of listed cement manufacturing companies in Nigeria. It means that higher levels of environmental disclosure will result to better financial performance of cement manufacturing companies. The control variable leverage (0.0645) was positive and statistically significant at 5 per cent. Based on the findings, the study recommends that relevant stakeholders including government agencies and accounting professional bodies should put in place practical monitoring instruments to ensure that firms in the Nigerian cement industry engage in better environmental accounting since it plays key role in their financial performance and long-run survival, by extension.
Environmental disclosure is a significant element voluntarily disclosed by organizations, as inte... more Environmental disclosure is a significant element voluntarily disclosed by organizations, as integral part of corporate social responsibility. This study examined impact of environmental disclosure on financial performance of listed cement manufacturing companies in Nigeria. An ex post facto research design was adopted. The study generated Panel data from the listed cement manufacturing companies' annual reports and financial statements for the period 2017 to 2021. The data was analyzed using descriptive and fixed effect techniques. From the result, the estimated coefficient of environmental disclosure is positive (0.439) and statistically significant at 1 per cent. This showed that environmental disclosure has positive impact on financial performance of listed cement manufacturing companies in Nigeria. It means that higher levels of environmental disclosure will result to better financial performance of cement manufacturing companies. The control variable leverage (0.0645) was positive and statistically significant at 5 per cent. Based on the findings, the study recommends that relevant stakeholders including government agencies and accounting professional bodies should put in place practical monitoring instruments to ensure that firms in the Nigerian cement industry engage in better environmental accounting since it plays key role in their financial performance and long-run survival, by extension.