Employee Health & Safety Cost and Effluent Disclosure on Market Value of Listed Consumer and Industrial Firms in Nigeria

Blessing Victor Oshiole, Assoc. Prof. Orbunde Bemshima and Prof. Ame Jacob
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Blessing Victor Oshiole: Department of Accounting Bingham University Karu, Nasarawa State
Assoc. Prof. Orbunde Bemshima: Department of Accounting Bingham University Karu, Nasarawa State
Prof. Ame Jacob: Department of Accounting Bingham University Karu, Nasarawa State

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 6, 2976-3001

Abstract: The Current environmental trends couple the challenges of lack of adequate disclosures among pollution prone companies in Nigeria in their annual reports today is of serious concerned to stakeholders for sound decision making. Therefore, the study examined effect of employee health and safety cost and effluent disclosure on market value of listed consumer and industrial goods firm in Nigeria covering the period of ten (10) years 2013-2022. The study adopted ex-post facto with focus on longitudinal Panel Series design and secondary data were used for analysis which were obtained from Nigerian Exchange Group. While panel regression analysis technique was used to analyse the research data. The result revealed that employee health and safety cost have a positive and significant effect on market value while effluent disclosure has a positive and insignificant effect on market value of listed consumer and industrial goods firm in Nigeria. The study therefore concludes that employee health and safety cost have significant effect on market value of consumer and industrial goods firm in Nigeria. The study recommend that management of consumer and industrial goods firm should continue to increase employee health and safety cost because the wellbeing of employee sustainable optimal productivity that will lead to enhanced market value of the firm

Date: 2024
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