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Community Development Cost, Pollution Control Disclousure and Market Value of Listed Consumer and Industrial Goods Firms in Nigeria

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  • Oshiole, Blessing Victor

    (Department of Accounting, Bingham University Karu, Nasarawa State)

Abstract

Current environmental picture and problem of lack of adequate disclosures of environmental related issues by companies in Nigeria in their annual reports today is a thing of concern to ascertain how environmental disclosure affect the Market Value of Companies. Therefore the study examined effect of community development cost and pollution control disclosure on market value of listed consumer and industrial goods firm in Nigeria covering the period of ten (10) year 2014-2023. The study adopted ex-post facto research design. Longitudinal Panel design was used for analysis which was obtained from Nigerian Exchange Group (NGX) Panel regression analysis technique was used to analyze the data. The result showed that community development cost and pollution control disclosure has negative and insignificant effect on Tobin Q of listed consumer and industrial goods firm in Nigeria. The study therefore conclude that community development cost and pollution control disclosure has negative and insignificant effect on market value of consumer and industrial goods firm in Nigeria. Based on the findings of this study and the conclusion made, the study recommend that Management of consumer and industrial goods firm should not increase community development cost and pollution control disclosure because it does not enhanced market value of the firm.

Suggested Citation

  • Oshiole, Blessing Victor, 2024. "Community Development Cost, Pollution Control Disclousure and Market Value of Listed Consumer and Industrial Goods Firms in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(10), pages 797-821, October.
    • Handle: RePEc:bjc:journl:v:11:y:2024:i:10:p:797-821
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    References listed on IDEAS

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    1. Ralph Adler & Mansi Mansi & Rakesh Pandey, 2022. "Accounting for waste management: a study of the reporting practices of the top listed Indian companies," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2401-2437, June.
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