OKERE, WISDOM and Covenant University, Theses (2017) ENVIRONMENTAL INVESTMENTS AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA. Masters thesis, COVENANT UNIVERSITY.
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Abstract
There has been a long-standing debate on the significance of environmental investments. In line with this, the primary objective of this research is to ascertain the relationship between environmental investments and financial performance in Nigerian manufacturing firms. The hypotheses tested looked at the effect on internal environmental investments and external environmental investments on firm’s financial performance and also to determine if there was a significant difference between the profitability of environmentally conscious and environmentally non-conscious firms in Nigeria. Descriptive analysis was used to explain the variables applied and panel regression analysis was used to find out if there exists a relationship between internal environmental investments (Employee Benefits, Staff Training Cost), external environmental investments (Donations) and firm’s financial performance. The study, therefore, observed that there was a positive and significant relationship between internal environmental investments and firm’s financial performance and also a positive but non-significant relationship between external environmental investments and firm’s financial performance. Furthermore, paired sample t-tests were used to reveal that there was a significant difference between the profitability of environmentally conscious and environmentally non-conscious firms. That is, firms with higher environmental investments had a higher profitability level than environmentally non-conscious firms. The study recommends that companies should be more environmentally conscious and pay more attention to the welfare of their workforce and community they dwell in.
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 07 Jul 2020 12:09 |
| Last Modified: | 07 Jul 2020 12:09 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/13461 |
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