Carbon Disclosure, Board Climate Governance and Financial Performance of Listed Manufacturing Firms in Nigeria


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Authors

  • Isibor Areghan Akhanolu Department of Finance, Covenant University, Nigeria,
  • Ehikioya Benjamin Department of Finance, Covenant University, Nigeria
  • Mercy Adebayo Department of Sociology, Covenant University, Nigeria.
  • Awogbenja Bukola Bolanle Department of Finance, Covenant University, Nigeria,
  • Adedoyin Bunmi-Alo Department of Finance, Covenant University, Nigeria,

DOI:

https://doi.org/10.32479/ijeep.13673

Keywords:

Carbon Disclosure, Board Climate Incentives, Return on Equity, Panel data Analysis, Board Environmental Committee

Abstract

This study examined the challenges of carbon disclosure and its impact on the performance of quoted manufacturing firms in Nigeria. Using equity return (ROE) as the dependent variable and carbon performance (disclosure), board response, board climate incentives, and board environmental committee as the independent variables, the study used panel data analysis to analyze the secondary data gathered from 2014 till 2020. The Hausman test suggested the usage of the fixed effect regression. Findings from the regression result showed that all the independent variables of carbon performance (disclosure), board response, board climate incentives, and board environmental committee positively and significantly impact ROE. The study therefore recommended amongst others that firms should always disclose their carbon disclosure data on their annual data so as to assist both the board and the regulatory authorities in managing carbon emission.

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Published

2023-07-09

How to Cite

Akhanolu, I. A., Benjamin, E., Adebayo, M., Bolanle, A. B., & Bunmi-Alo, A. (2023). Carbon Disclosure, Board Climate Governance and Financial Performance of Listed Manufacturing Firms in Nigeria. International Journal of Energy Economics and Policy, 13(4), 187–193. https://doi.org/10.32479/ijeep.13673

Issue

Vol. 13 No. 4 (2023)

Section

Articles

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