Browsing by Author "Jadesola Abiodun, ADEPOJU"

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    Environmental Disclosure, Financial Reporting Quality and Financial Performance of Quoted Manufacturing Companies in Nigeria
    (Lead City University, Ibadan, 2024-12) Jadesola Abiodun, ADEPOJU
    The study was designed to determine the relationship between Environmental Disclosure, Financial Reporting Quality and Financial Performance of Manufacturing Companies in Nigeria. The specific objectives Centre on the evaluation of the extent of Environmental disclosure practices among Manufacturing Companies in Nigeria; analyses of the determinants of environmental disclosure in financial reports, examining the effects of environmental disclosure on the financial performance of manufacturing companies in Nigeria, determining the influence of financial reporting quality on the financial performance of manufacturing companies in Nigeria, identify the dynamic relationship among environmental disclosure, financial report quality and financial performance of companies. This study adopt ex-post facto design because the study rely on secondary data on environmental accounting disclosure and financial performance of listed 43 manufacturing companies in Nigeria as data was extracted from their published annual reports between the period of 2017-2023. This work is been anchor on Stakeholder Theory which demands that managers should develop and run their enterprises in a way that is consistent with the demands of the theory i.e., stakeholder’s value rather than shareholder’s value maximization. This study used panel data to explore the relationship between environmental Disclosure, financial reports and financial performance of manufacturing companies. The motivations for using panel data is the ability to control for unobservable firm heterogeneity The use of manufacturing companies in this work is because manufacturing companies are prone to environment issues that affect the business. Multiple regression was adopted for the data analysis with the best unbiased, efficient and adopts a less complex technique in analyzing data. The findings shows that environmental transparency improved significantly, with disclosure scores increasing from 1.00 in 2017, more significant upward trend is observed from 2020, with scores climbing to 1.12, 1.21, and peaking at 1.24 in 2022.The work was able to identify that Profitable companies are likely to disclose more environmental information to enhance their reputation and meet growing stakeholder expectations for corporate social responsibility (CSR),also Firm Size (FS) had a positive coefficient which shows that larger companies are more likely to engage in environmental disclosure, but the effect is minimal. And that larger firms tend to face greater scrutiny from regulators and stakeholders, which may push them to be more transparent about their environmental impact. Regression analysis further examined the determinants of environmental disclosure in financial reports, focusing on leverage, return on assets (ROA), More so, the study found a positive and significant relationship between financial reporting quality (FRQ) and firm performance. The study also underscores the dynamic relationships between environmental disclosure, financial reporting quality, and financial performance and this highlights the importance of integrating environmental practices within corporate governance frameworks to achieve long-term sustainability and enhanced financial performance. This study also touches on regulatory influences, further research could investigate the direct impact of specific Nigerian regulations or international environmental reporting standards on the quality and extent of environmental issues disclosures. This would help assess the effectiveness of policy interventions and guide future regulatory developments. Keywords: Environmental Disclosure, Financial Reporting Quality Financial Performance Word counts: 491 words