CLIMATE CHANGE RESPONSIBILITY AND PERFORMANCE OF SELECTED MULTINATIONAL FIRMS IN NIGERIA
Abstract
This study investigated the effect of climate change responsibility on the performance of selected multi-national companies quoted on the floor of a Nigerian exchange group. To address this objective, the study specifically reviewed the following sub-objectives: Investigating the effect of energy disclosure on performance of quoted manufacturing companies in Nigeria and the effect of water disclosure on performance of quoted manufacturing companies in Nigeria. The study adopted an ex-post facto research design. The population of the study included all manufacturing firms quoted on the Nigerian exchange group (NXG) as at 31st December 2022. The study relied on secondary sources of data obtained from the Nigerian exchange group (NXG) as compiled by machameratios.com. This study conducted descriptive statistics to provide an understanding of the data in terms of the measures of dispersion and central tendencies. Correlation analysis was also conducted to express the relationship between the independent and dependent variables employed in this study and to validate the hypotheses of the study. The OLS regression was employed as captured in the model specification sections. The study found energy disclosure and water disclosure to have significant effects on returns on assets and equity, respectively. Consequent to the findings, the study recommended, among others, that manufacturing companies should consider investing in green innovation and eco-friendly technologies
Keywords:
climate change, return on assets, return on equity, energy disclosure, water disclosure.Downloads
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Copyright (c) 2024 Okoye, Henry Onyebuchi , Prof. Tochukwu G. Orji-Okafor
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