HOW FOREIGN OWNERSHIP MATTERS ON FIRM ATTRIBUTES AND ENVIRONMENTAL DISCLOSURE?
Ahmad, Alhaji Zubairu, Yusuf Ismaila and Idris Adamu Adamu
Volume 11 Issue 1
Abstract
This study examines the effect of firm attributes on corporate environmental accounting disclosure (CEAD) of listed Consumer goods firms in Nigeria: a moderating effect of foreign ownership. To achieve this, panel data were extracted and used from the annual reports and accounts of twenty one (21) consumer goods companies listed in Nigerian exchange group as at 31st December, 2023, for a period of ten (10) years (2014-2023) and Ten (10) companies were selected as sample size for the study using purposive sampling technique. Correlation and ex-post factor design were adopted in collecting data, while ordinary least squares (OLS) multiple regression was employed as technique of data analysis. The study conclude that, Profitability (PTY) has negative insignificant impact on environmental accounting disclosure (CEAD. firm Size has positive and insignificant effect on CEAD, foreign ownership and CEAD have statistical positive significant impact on the corporate environmental accounting disclosure of Listed consumer goods Firms in Nigeria. Return on assets (PTY) with interaction of foreign ownership has positive insignificant impact on environmental accounting disclosure (CEAD) while the interaction of foreign ownership on the relationship between Firm Size and CEAD, have statistical positive and significant effect on listed consumer goods Firms in Nigeria. It was recommended that, management of listed consumer goods Firms in Nigeria should strive to increase profit to a higher level, monitor and protect the profit by acquiring more assets and investing more to the immediate environment they operate. This is in line with the fact that return on assets has been empirically found to be a positive and significant factor that determines CEA disclosures in the listed consumer goods Firms in Nigeria. Keywords: Firm Attributes, Environmental Accounting, Foreign Ownership, Disclosure
Download Paper