Managerial Dynamics as a Determinant of Environmental Disclosures among Listed Manufacturing Companies in Nigeria

Abstract

As the global economy grows, environmental issues are posing an increasing burden to businesses worldwide, particularly in Nigeria. However, issues including carbon emissions, water pollution, and other environmental hazards are now significantly affecting stakeholders due to global warming. Consequently, rising death and incidence rates are among the main reason behind the consistently high temperatures. A number of nations, including Nigeria, are gravely concerned about how global warming may affect people's health. By inference, the aforementioned issues have drawn attention to this study. Therefore, this study investigates effect of managerial dynamics as a determinant of environmental disclosures among listed Manufacturing companies in Nigeria. Specifically, to what extent does managerial efficiency influence environmental disclosures among listed Manufacturing companies in Nigeria? Using Krejcie and Morgan (1970), 63 is the sample size for an ex-post factor research design with a population of seventy-six (76) listed manufacturing enterprises. However, only forty-nine (49) of the companies are selected as the sample size determination table covering seven (7) sectors due to incomplete data availability and inconsistent company listing. Panel Corrected Standard Error Estimation was used to analyze the data that these companies provided. The results show that there is a positive correlation (0.002 co-efficient) between the environmental disclosure and managerial effectiveness of Nigeria's listed industrial enterprises. Thus, the study unquestionably shows that while managerial success is beneficial, environmental disclosure is not much impacted by it. In light of this, the report suggests that the Nigeria Exchange Group (NGX) implement additional guidelines and oversight to guarantee that all listed industrial firms keep disclosing data on environmental risks such as carbon emissions, water contamination, and other hazards. The growing global economy is placing an increasing strain on businesses worldwide due to environmental issues. However, a lot of individuals are currently affected by the global warming issue.