CARBON REPORTING AND RETURN ON INVESTMENT OF LISTED MANUFACTURING COMPANIES IN NIGERIA
Author(s): Umagu Udemeobong Bahakongfe, Ubi Johnson Johnson
Institute(s): Department of Accounting University of Calabar
Volume 4 / Issue 1
Abstract
This study examined the effect of carbon reporting specifically energy consumption disclosure and waste management disclosure on the return on investments of listed manufacturing companies in Nigeria. The study adopted the ex post facto research design and using a census sampling technique, the forty-three (43) companies listed on the Nigerian exchange group was used for this study. Using a robust regression analysis with the aid of STATA to test the relationship between the variables, results revealed that waste management disclosure was positively and significantly associated with ROI, while energy consumption disclosure showed a statistically significant negative relationship with ROI. The study therefore concludes that firms that invest in transparent waste handling processes are more likely to attract eco-friendly investors. The study recommends that corporate managers and board directors should integrate structured waste management reporting into their broader sustainability strategies, recognizing its positive impact on firm value and investment attractiveness.
Number of Pages: 12
Number of Words: 5941
First Page: 21
Last Page: 32