Dynamic Relationship between Environmental Disclosure, Financial Report Quality and Financial Performance of Companies

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Autori principali: Adeyemo, Kabiru Aderemi, Adepoju, Jadesola Abiodun
Natura: Recurso digital
Lingua:inglese
Pubblicazione: Zenodo 2024
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author Adeyemo, Kabiru Aderemi
Adepoju, Jadesola Abiodun
author_facet Adeyemo, Kabiru Aderemi
Adepoju, Jadesola Abiodun
contents <p>The study is set to identify the dynamic relationship among environmental disclosure, financial <br>report quality and financial performance of companies. The research employed the ex-post facto <br>research design. The population of the study consist of all the 43 manufacturing companies on the <br>Nigerian stock exchange. The study used secondary data which was extracted from the annual <br>reports and account of the manufacturing companies for the years covered by the study. The <br>multiple regression technique was used to analysed data. The results showed that Environmental <br>Disclosure (EDI) plays a crucial role in influencing Financial Reporting Quality (FRQ), which in <br>turn can have a positive effect on financial performance (ROA) of the companies. Based on the <br>above findings, this study concludes that that Environmental Disclosure (EDI) largely operates on <br>a self-deterministic basis, indicating that improvements in sustainability practices are primarily <br>driven by internal corporate policies as well as Financial Reporting Quality (FRQ) positively <br>influenced by environmental disclosure, indicating that firms committed to transparency in <br>environmental practices tend to enhance their overall reporting quality. The study therefore <br>recommended that companies should continue to focus on improving the quality of their financial <br>reporting, as it directly impacts their profitability and market valuation. In addition, companies, <br>especially those with strong financial performance, should allocate resources toward improving <br>the quality and depth of their sustainability reporting. </p>
format Recurso digital
id zenodo_https___doi_org_10_5281_zenodo_14822775
institution Zenodo
language eng
publishDate 2024
publisher Zenodo
record_format zenodo
spellingShingle Dynamic Relationship between Environmental Disclosure, Financial Report Quality and Financial Performance of Companies
Adeyemo, Kabiru Aderemi
Adepoju, Jadesola Abiodun
Companies
Environmental disclosure
Financial report quality
Financial performance
Sustainability practices
<p>The study is set to identify the dynamic relationship among environmental disclosure, financial <br>report quality and financial performance of companies. The research employed the ex-post facto <br>research design. The population of the study consist of all the 43 manufacturing companies on the <br>Nigerian stock exchange. The study used secondary data which was extracted from the annual <br>reports and account of the manufacturing companies for the years covered by the study. The <br>multiple regression technique was used to analysed data. The results showed that Environmental <br>Disclosure (EDI) plays a crucial role in influencing Financial Reporting Quality (FRQ), which in <br>turn can have a positive effect on financial performance (ROA) of the companies. Based on the <br>above findings, this study concludes that that Environmental Disclosure (EDI) largely operates on <br>a self-deterministic basis, indicating that improvements in sustainability practices are primarily <br>driven by internal corporate policies as well as Financial Reporting Quality (FRQ) positively <br>influenced by environmental disclosure, indicating that firms committed to transparency in <br>environmental practices tend to enhance their overall reporting quality. The study therefore <br>recommended that companies should continue to focus on improving the quality of their financial <br>reporting, as it directly impacts their profitability and market valuation. In addition, companies, <br>especially those with strong financial performance, should allocate resources toward improving <br>the quality and depth of their sustainability reporting. </p>
title Dynamic Relationship between Environmental Disclosure, Financial Report Quality and Financial Performance of Companies
topic Companies
Environmental disclosure
Financial report quality
Financial performance
Sustainability practices
url https://doi.org/10.5281/zenodo.14822775