ENVIRONMENTAL COST AND MARKET SHARE OF LISTED MANUFACTURING COMPANIES IN NIGERIA

Worimegbe, Temitope Mariam
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Worimegbe, Temitope Mariam: Department of Accounting, Postal: Redeemer’s University, Ede, Osun State, Nigeria, https://research.icanig.org

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), 2022, vol. 11, issue 1, 19-34

Abstract: The study examines the impact of environmental cost, controlled by firm size and firm age; on the market share of listed manufacturing companies in Nigeria from 2007 to 2017. The descriptive research design was adopted for the study. Twenty listed manufacturing companies were purposively drawn from the population of sixty manufacturing companies listed on the floor of the Nigerian Stock Exchange as of 31 December 2017. The study’srelevant figures were extracted from the annual reports and accounts as well as the stand-alone environmental information of the selected companies over eleven years, from 2007-2017. Panel regression analysis was used to examine the impact of the proxies to independent variable on the dependent variable. Findings from the panel fixed-effect regression analysis showed that environmental cost had a significant impact on market share (F= 56.20, p

Keywords: environmental cost; CSR; market share; listed manufacturing firms; signaling theory (search for similar items in EconPapers)
JEL-codes: Q56 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ijafic:0058

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