ENVIRONMENTAL ISSUES DISCLOSURE AND INVESTORS’ PERCEPTION OF MANAGEMENT CREDIBILITY IN NIGERIAN FINANCIAL MARKET

ENVIRONMENTAL ISSUES DISCLOSURE AND INVESTORS’ PERCEPTION OF MANAGEMENT CREDIBILITY IN NIGERIAN FINANCIAL MARKET

Author by Dr. Samuel Olaoye

Journal/Publisher: Ieee-sem,

Volume/Edition: 8

Language: English

Pages: 1 - 40

Abstract

Environmental issues disclosure are prominent in the global debate on the financial market. Studies have shown that investors are agitated about sub-optimality of their decisions due to non-disclosure of some vital environmental issues. Few studies have been conducted onenvironmental issues disclosure and investors’ perception of management credibility. This study investigated the effect of environmental issues disclosureand investors’ perception of management credibility in theNigerian financial market. The study adopted survey research design by administering six hundred copies of structured questionnaire to the staff of eleven selected banks out of the twenty-one Money Deposit Banks in Nigeria as at 31/12/17, using event criterion based on those banks with complete information and continually listed during the period of the study 2008-2017. Regression analysis was adopted in testing the hypothesis formulated. The findings revealed that environmental issues disclosure had significant positive effects on investors’ perception of management credibility (PMC) (Adj. R2 = .043,F(4, 476) = 6.39, p<0>


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