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Nexus between Returns on Equity and Disclosures of Greenhouse Gas Emissions, Waste Management, and Renewable Energy

Author

Listed:
  • Yinka Lydia Emmanuel

    (Department of Accounting and Finance, Bowen University, Nigeria)

  • Oluwasikemi Janet Owolabi

    (Pan-Atlantic University, Lagos State, Nigeria)

  • Babatunde Ayodeji Owolabi

    (Department of Accounting, Babcock University, Nigeria)

  • Jerry D. Kwarbai

    (Department of Accounting, Babcock University, Nigeria)

  • James Olalekan Akinbode

    (Department of Business Administration, Bowen University, Iwo, Osun State, Nigeria)

  • Sunday Festus Olasupo

    (Department of Accounting and Finance, Bowen University, Nigeria)

  • Isiaka Olayinka Kolawole

    (Department of Economics, Federal University Lokoja, Kogi State, Nigeria)

  • Adegbola Olubukola Otekunrin

    (Department of Accounting and Finance, Bowen University, Nigeria)

Abstract

Environmental sustainability is now being continuously researched in almost all areas of humankind. This study investigated the impact of environmental sustainability disclosures (proxy by renewable energy disclosures, Greenhouse Gas Emissions disclosures, and waste management disclosures) on the returns on equity of sampled Quoted Nigerian Financial Institutions. Purposely, Fourteen Quoted Nigerian Financial Institutions on the Nigerian Exchange Group were taken as the sample size for this study. The study spanned a period of 9 years from 2013 to 2021. The analysis was carried out using panel data and employing multiple regression models to assess the relationships between the variables using secondary data collated from the annual reports of Quoted Nigerian Financial Institutions. The findings of the study reveal that the impact of renewable energy disclosures (with coefficient estimate = -0.19295, t-value = -1.41 and p-value = 0.16), Greenhouse Gas Emissions disclosures (with coefficient estimate = -0.16105 & the t-value = -1.18 p-value = 0.239, and waste management disclosures (with coefficient estimate = 0.124013, the t-value of 1 and p-value = 0.317) on returns on equity is not significant. This study concluded that the relationship between return on equity and environmental sustainability variables disclosures (proxy by Renewable Energy Disclosure and Greenhouse Gas Emissions) is unrelated.

Suggested Citation

  • Yinka Lydia Emmanuel & Oluwasikemi Janet Owolabi & Babatunde Ayodeji Owolabi & Jerry D. Kwarbai & James Olalekan Akinbode & Sunday Festus Olasupo & Isiaka Olayinka Kolawole & Adegbola Olubukola Otekun, 2024. "Nexus between Returns on Equity and Disclosures of Greenhouse Gas Emissions, Waste Management, and Renewable Energy," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 98-108, September.
    • Handle: RePEc:eco:journ2:2024-05-10
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    More about this item

    Keywords

    Sustainability; Environmental; Renewable; Energy; Greenhouse; Gas; Emissions;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General

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