Environmental Accounting Disclosure and Market Value of Listed Food and Beverages Companies in Nigeria

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-09-12 DOI:10.56201/jafm.v9.no6.2023.pg65.79

JONAH Ngbomowa Moses, AARON Clinton Chika

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Abstract

The study determined the relationship between environmental accounting disclosure (EAD) and market value of shares listed in food and beverages companies in Nigeria. It adopted an ex-post facto research design, while secondary data collected from 10 selected food and beverages companies listed on Nigeria Stock Exchange Annual Reports were used. Content analysis of environmental accounting disclosure was carried out. Mean, standard deviation, multiple regression and Pearson product-moment correlation were adopted in the analysis of the data, aided by SPSS version 22.0. The empirical findings showed that environmental accounting disclosure (EAD) had a significant relationship with market value of shares. Environmental pollution and control policy (EPC) and cost of compliance with environmental law (CEL) had a positive significant relationship with earnings per share. However, EPC and CEL did not have any influence on book value equity per share. The study concluded that there is a need for firms to disclose environmental accounting information, as it helps to improve the market value of firms.

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尼日利亚食品饮料上市公司环境会计披露与市场价值

本研究确定了环境会计披露(EAD)与尼日利亚食品饮料公司上市股票市值之间的关系。它采用了事后研究设计，而从尼日利亚证券交易所年度报告中列出的10家精选食品和饮料公司收集的二手数据被使用。对环境会计信息披露的内容进行了分析。数据分析采用均值、标准差、多元回归和Pearson积差相关分析，SPSS软件为22.0。实证结果表明，环境会计信息披露(EAD)与股票市值之间存在显著关系。环境污染与控制政策(EPC)和环境守法成本(CEL)与每股收益呈显著正相关。然而，EPC和CEL对每股账面价值没有任何影响。研究认为，企业有必要披露环境会计信息，因为它有助于提高企业的市场价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).