Impact of Environmental Disclosure on Firm Performance: An Empirical Analysis of Food, Beverage and Tobacco Sector Companies Listed in Colombo Stock Exchange, Sri Lanka

Menike, L. M. C. S.

doi:10.6007/ijarbss/v10-i10/7977

Cited by 9 publications

(15 citation statements)

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“…In arriving at the econometric model for the study, insights were drawn from previous related studies [4,8,28],. The resulting main model therefore is stated below:…”

Section: Methodsmentioning

confidence: 99%

“…Financial performance in this regard speaks to the ability of the organization to generate returns, guarantee assets safety and long-term solvency of the enterprise (Naz, Ijaz, & Naqvi, 2016; Fatihudin, Jusni, & Mochklas, 2018). Typical measures used in literature for this assessment include returns on assets, returns on capital employed, returns on equity, assets turnover earnings per share, net assets per share and debt equity ratios [26][27][28]. Social performance relates to the ability of the organization to align with social norms and laws, engage in social responsibility acts in support of communities while also upholding ethical conduct in its internal dealings with its employees [29][30][31].…”

Section: Conceptual Reviewmentioning

confidence: 99%

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Environmental Disclosure Practices and Sustainable Performance of Quoted Manufacturing Companies in Nigeria

Ogunode

Adegbie²

2022

AJEBA

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This paper examined the linkage between environmental disclosure practices and sustainable performance with particular reference to listed manufacturing companies operating in Nigeria. The study utilized the ex-post facto research design for its investigation while a sample of forty-eight (48) listed manufacturing firms were purposively selected out of sixty-seven (67) quoted manufacturing firms listed as at December, 2020. The study found that while environmental disclosures (EDD) exhibited a negative effect on Returns on Assets (ROA), Debt to Assets Ratio (DTA) and Market Price per Share (MPS) of the sampled firms, Social Disclosures (SDD), firm size and firm age exerted significant positive influence on sustainable performance of manufacturing firms. This implied that mere adherence to environmental disclosures is insufficient to affect the volume and direction of performance of manufacturing entities. On the contrary, social disclosures involving extensive social engagements and execution of corporate social responsibility initiatives positively impacts and drives sustainable performance of manufacturing companies in Nigeria. The study therefore recommended that management of manufacturing companies must take necessary steps to improve their levels of social engagements with their respective host communities with a view to improving their overall performance in a sustainable way.

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“…In arriving at the econometric model for the study, insights were drawn from previous related studies [4,8,28],. The resulting main model therefore is stated below:…”

Section: Methodsmentioning

confidence: 99%

Section: Conceptual Reviewmentioning

confidence: 99%

Environmental Disclosure Practices and Sustainable Performance of Quoted Manufacturing Companies in Nigeria

Ogunode

Adegbie²

2022

AJEBA

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“…It also measures the extent to which a company financial health over a period of time (Naz, Ijaz, & Naqvi, 2016). Several ratios have been used in literature to measure performance (Asuquo, Dada, & Onyeogaziri, 2018) for example, return on asset (Adjound & Amar, 2015;Gelb, 2017;Kowaleski, 2014;Menike, 2020) net asset per share (Brockman, 2015;Nahiba, 2017;Omaliko, Nweze, & Nwadialor, 2020) return on equity (Erhinyoja & Marcella, 2019;Polycarp, 2019) earnings per share (Agbiogwu, Ihendinihu, & Okafor, 2016;Ahmed, Zakaree, & Kolawale, 2016;Nwabueze, 2015;Polycarp, 2019). However, return on asset and earnings per share were constructs used for performance in this study.…”

Section: Conceptual Reviewmentioning

confidence: 99%

Effect of Social and Environmental Disclosure on the Performance of Listed Consumer Goods Producing Companies in Nigeria

Emuebie

Olaoye

Ogundajo

2021

IJAEFA

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Information is power; its presentation, processes and utilization can make or mare circumstances. One of the strategies of bridging information asymmetry is to disclose relevant information required by stakeholders in taking crucial decision. The impact of social and environmental disclosure on the performance of Nigeria consumer goods’ producing companies was examined in this paper, using multiple regression analysis while the sample constitute 16 out of 20 companies listed as consumer goods sector. The study found that social and environmental disclosure had significant effect on return on assets while firm size and age had no significant control in the effect of social and environmental disclosure on ROA. Also, social and environmental disclosure had insignificant effect on earnings per share (EPS) but firm size and age had significant control in the effect of social and environmental disclosure on EPS. The study concluded that social and environmental disclosure has significant impact on the performance of manufacturing companies in Nigeria. It was opined that managers should ensure that information about their social practices is well communicated in an understandable manner to the stakeholders, and thus the stakeholders would be able to comprehend, value and process it in taking meaningful decision about the firm, and that disclosure should be country-specific; every country should design the benchmark, rules and guidelines befitting their environment for such to be impactful.

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“…There have also been reports of negative, positive, and neutral relationships, so there are no obvious incentives for businesses to value environmental reporting. While studies like Ezeagba, John-Akamelu, and Umeoduagu (2017), Yahya (2018), Sanusi and Sanusi (2019), Menike (2020), Olowokere, Adeniran, and Onifade (2021), and Al-Naser, Riyadh, and Albalaki (2021) reported a positive and significant effect, Nor, Bahari, Adnan, Kamal and Ali (2016), Nobanee and Ellili (2018) and Akor and Okey (2021) showed no significant effect while Omodero and Ihendinihu, (2016) reported a negative impact. These mixed findings are a reflection of the fact that there is no uniform conclusion on the subject matter, which serves as a basis for this study to be undertaken.…”

Section: Statement Of the Problemmentioning

confidence: 98%

The Stability of Listed Manufacturing Firms: How Relevant is the Practices of Green Accounting?

Nwaobia¹,

Olunlade²,

Adeleye³

2022

IJRP

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The ability of management to meet the interests of stakeholders is measured by a company's stability. Unfortunately, there has been an increase in corporate failures, which has been ascribed to management's failure to disclose green practices. Current reporting standards, on the other hand, have placed a lower priority on the disclosure of green activities within their environment, which has had an impact on the overall health of businesses. There have been a few studies on the impact of green accounting on performance, but none on company stability. As a result, the impact of green accounting methods on the stability of listed manufacturing enterprises in Nigeria was investigated in this study. Ex-post facto research design was adopted and data was gotten from the published financial statements of listed firms. population was the 56 listed manufacturing firms and 37 was purposively chosen based on the fact that they had published green reports consistently for eleven years (2010-2020). Data were analyzed using the multiple regression at 0.05 level of significance. Findings revealed that there is a significant effect of green accounting practices on EPR (Adj.R 2 = 0.029, F (5, 401), = 191.410, p < 0.05) and firm size significantly moderated the effect of GAP on EPR (Adj.R 2 = 0.350, F (6, 400) = 470.410, p < 0.05). Based on the findings, the study concluded that GAP has a significant effect on the stability of firms and the study recommended that firms should adopt global practices on green accounting disclosure and that standard setting bodies should ensure strict compliance with the guidelines so as to ensure a stable business.

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Impact of Environmental Disclosure on Firm Performance: An Empirical Analysis of Food, Beverage and Tobacco Sector Companies Listed in Colombo Stock Exchange, Sri Lanka

Cited by 9 publications

References 0 publications

Environmental Disclosure Practices and Sustainable Performance of Quoted Manufacturing Companies in Nigeria

Environmental Disclosure Practices and Sustainable Performance of Quoted Manufacturing Companies in Nigeria

Effect of Social and Environmental Disclosure on the Performance of Listed Consumer Goods Producing Companies in Nigeria

The Stability of Listed Manufacturing Firms: How Relevant is the Practices of Green Accounting?

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