Environmental accounting practices and share value of food and beverages manufacturing companies quoted in Nigeria

Environmental accounting practices and share value of food and beverages manufacturing companies quoted in Nigeria

Author by Dr. Folajimi Festus Adegbie

Journal/Publisher: Journal Of Critical Reviews

Volume/Edition: 7

Language: English

Pages: 2256 - 2264

Abstract

Shareholders are concerned about the future of their investment in publicly quoted companies.
Studies have shown that environmental factors have impact on the performance of organizations due to
uncertainty and risk in the business. The study evaluated the impact of environmental accounting on the share
value of food and beverages companies quoted in Nigeria.The study population consisted of 28 quoted
companies whose data were validated and gained reliability through the statutory audit of their financial
statements. Descriptive and inferential statistics were used for the analysis of the data.The result showed that
environmental accounting practices without moderating effect of firm size impact the share value of share with
Adj R2 of 0.4173,F –Statistics of 24.6348 and p.value of 0.0000. it also showed that with moderating effect of
firm size,environmental accounting impact significantly the share value with Adj R2 of 0.4153,F-statistics of
18.5829 and p-value of 0.0000.
The study concluded that environmental accounting influeces the share value of
companies in the food and beverages sector.The study recommended that management of the companies should
incorporate corporate accounting and the disclosures in their financial statements so as to enhance investors’
decision and have positive impact in the share values in the capital marke
 


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