EFFECT OF ENVIRONMENTAL DISCLOSURE PRACTICES ON PERFORMANCE OF CHEMICAL MANUFACTURING COMPANIES IN NIGERIA AND SOUTH AFRICA
Patrick Uzoka & Ogheneochuko Emmanuel Isito
Department Of Accountancy
Delta State Polytechnic, Ogwashi-Uku
Email: ogheneochukoisito1@gmail.com
ABSTRACT
This study evaluates the effect of environmental disclosure practices on performance of Chemical manufacturing companies in Nigeria and South Africa. The study comparatively evaluates the environmental disclosure level of chemical manufacturing companies in Nigeria and South Africa in 2017 financial year. The study adopted the ex post facto research design. The study adopts the environmental disclosure index of Fodio and Oba. Binary weight was assigned to the disclosure of these items in the financial report. The data was analyzed using multiple regression analysis. The finding reveals that environmental product disclosure has negative insignificant effect on the performance of chemical manufacturing companies in Nigeria and South Africa. The finding also shows that there is no statistical significant effect on the environmental disclosures of sustainability and pollution on the performance of chemical manufacturing companies in Nigeria and South Africa. The study recommends that chemical manufacturing companies quoted in Nigeria and South Africa should ignore the disclosure of environmental product as this will impact negatively on their performance. Also, the study recommends that Nigeria chemical manufacturing companies should increase their disclosure of environmental sustainability as this can enhance their performance. The South African chemical manufacturing companies should increase their disclosure on environmental pollution as this can enhance their performance.
Keywords: Environmental Disclosure, Performance, Sustainability, Pollution
