ENVIRONMENTAL ACCOUNTING PERFORMANCE AND CORPORATE VALUATION OF MANUFACTURING COMPANIES IN THE NIGER DELTA – NIGERIA

ENVIRONMENTAL
ACCOUNTING PERFORMANCE
AND CORPORATE VALUATION
OF MANUFACTURING
COMPANIES IN THE NIGER
DELTA - NIGERIA
Ndifon Ojong Ejoh,
Department Of Accountancy,
Faculty of Management Sciences,
Cross River University of Technology,
Calabar, Nigeria
ndifon.ejoh@yahoo.com
ABSTRACT
This study examines the impact of
Environmental Accounting Performance on
the value of Nigerian Manufacturing
Companies located in the Niger Delta region
of Nigeria, between the period 2011-2018.
Accounting and Finance Research Association
Using secondary data sourced from seven
Companies’ environmental performance
rating from Bloomberg and CSR Hub, the
study made use of Ordinary Least Square
(OLS) Regression analysis performed via
EViews 9.5 for the analysis of the data
collected. Findings from the analysis show
that
the
companies’
environmental
accounting performance in pollution
management,
resource
management,
environmental policy and reporting, and
energy and climate change all have positive
and significant effects on the market share
prices of the sampled manufacturing firms,
with firms having higher accounting
performance reaping higher market values
than firms with low environmental
accounting
performance.
It
was
recommended that companies should have
higher environmental investments and
performance in order to reap higher values.
Keywords: Environmental Accounting
Performance, Pollution Management,
Resource Management, Environmental Policy
and Reporting, Energy and Climate Change,
Stock Prices.

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