Nexus between Returns on Equity and Disclosures of Greenhouse Gas Emissions, Waste Management, and Renewable Energy

Yinka Lydia Emmanuel, Oluwasikemi Janet Owolabi, Babatunde Ayodeji Owolabi, Jerry D. Kwarbai, James Olalekan Akinbode, Sunday Festus Olasupo, Isiaka Olayinka Kolawole and Adegbola Olubukola Otekunrin
Additional contact information
Yinka Lydia Emmanuel: Department of Accounting and Finance, Bowen University, Nigeria
Oluwasikemi Janet Owolabi: Pan-Atlantic University, Lagos State, Nigeria
Babatunde Ayodeji Owolabi: Department of Accounting, Babcock University, Nigeria
Jerry D. Kwarbai: Department of Accounting, Babcock University, Nigeria
James Olalekan Akinbode: Department of Business Administration, Bowen University, Iwo, Osun State, Nigeria
Sunday Festus Olasupo: Department of Accounting and Finance, Bowen University, Nigeria
Isiaka Olayinka Kolawole: Department of Economics, Federal University Lokoja, Kogi State, Nigeria
Adegbola Olubukola Otekunrin: Department of Accounting and Finance, Bowen University, Nigeria

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 5, 98-108

Abstract: Environmental sustainability is now being continuously researched in almost all areas of humankind. This study investigated the impact of environmental sustainability disclosures (proxy by renewable energy disclosures, Greenhouse Gas Emissions disclosures, and waste management disclosures) on the returns on equity of sampled Quoted Nigerian Financial Institutions. Purposely, Fourteen Quoted Nigerian Financial Institutions on the Nigerian Exchange Group were taken as the sample size for this study. The study spanned a period of 9 years from 2013 to 2021. The analysis was carried out using panel data and employing multiple regression models to assess the relationships between the variables using secondary data collated from the annual reports of Quoted Nigerian Financial Institutions. The findings of the study reveal that the impact of renewable energy disclosures (with coefficient estimate = -0.19295, t-value = -1.41 and p-value = 0.16), Greenhouse Gas Emissions disclosures (with coefficient estimate = -0.16105 & the t-value = -1.18 p-value = 0.239, and waste management disclosures (with coefficient estimate = 0.124013, the t-value of 1 and p-value = 0.317) on returns on equity is not significant. This study concluded that the relationship between return on equity and environmental sustainability variables disclosures (proxy by Renewable Energy Disclosure and Greenhouse Gas Emissions) is unrelated.

Keywords: Sustainability; Environmental; Renewable; Energy; Greenhouse; Gas; Emissions (search for similar items in EconPapers)
JEL-codes: C1 C20 C22 Q16 Q51 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/16254/8126 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/16254 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2024-05-10

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().