Acceso usuarios
Adeleke Abdulyekini Adebanjo
, Okere Wisdom
Objective: The purpose of this research was to analyze the effect of green accounting practices on the value of publicly traded Nigerian companies.
Theoretical Framework: In this topic, the main concepts and theories that underpin the research are environmental accounting and stakeholder theory, providing a solid basis for understanding the context of the investigation.
Method: The methodology adopted for this research was the ex-post facto research design. Data collection was carried out through stratified sampling, employing secondary data from the annual report of 18 listed firms on the Nigerian stock exchange. Secondary data from 2012 to 2021 period were collected from the annual report of listed firms on the Nigerian stock market. The panel Generalized Method of Moments was used in this investigation as well as other econometric tests.
Results and Discussion: The results demonstrated that green accounting practices (waste management disclosure (WMD)) is not significantly related to Tobin's Q (TQ), but was positively and significantly related to price earnings ratio (PE).
Research Implications: These findings indicate that while green accounting is essential for ensuring long-term sustainability, its present adoption and acknowledgement in Nigeria may need further progress in order to fully achieve its projected advantages. In conclusion, policymakers should do the following: promote stakeholder engagement, embed green accounting methods into business systems and support environmental preservation.
Originality/Value: The present study enhances the current body of knowledge by offering an in-depth examination of the influence of green accounting practices on the value of companies in Nigeria. While there has been research on green accounting practices, there seems to be a gap in the African setting as most studies are focused on developed nations and not emerging economies.
