Hazardous waste management and investors perception of firm value
Department of Accounting, Ignatius Ajuru University of Education, Port Harcourt, Nigeria.
Research Article
GSC Advanced Research and Reviews, 2022, 13(02), 136–144.
Article DOI: 10.30574/gscarr.2022.13.2.0260
Publication history:
Received on 28 September 2022; revised on 08 November 2022; accepted on 10 November 2022
Abstract:
This study examines the impact of hazardous waste management on firm value of oil & gas companies in Nigeria. Secondary data used for this study were collected from the Nigerian Stock Exchange for the period 2010 – 2019. Data collected for the study were analyzed using descriptive statistics and multiple regression analysis. The result of the regression analysis indicates negative association between hazardous waste management and firm value of sampled firms. The result concludes that there is a financial reward in engaging in disclosure practices in the long – run. The result also shows that shareholders value firm high if they disclose related environmental issues. Based on the findings, the study recommends that oil and gas companies should adopt and practice environmental policies to show their commitment to the achievement of environmental sustainability. The disclosure of environmental issues affects how market participants (investors) evaluate the firm’s ability to generate profit in future.
Keywords:
Hazardous; Waste; Management; Firm; Value
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Copyright © 2022 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
