Title: Environmental Non-Compliance Disclosure and Market Performance of Listed Companies on The Nigerian Exchange Limited
Authors: Eunice Mojirike Olubunmi, Dr. Tabitha Nasieku, Dr. Gordon Ochere Opudho
Volume: 9
Issue: 7
Pages: 25-33
Publication Date: 2025/07/28
Abstract:
Market performance of listed companies on the Nigerian Exchange Limited is bottom-line for improving commercial development, business planning and networking activities as it adds value to company brand and national economy. This importance of market performance makes well-thought strategy a must for companies. This study purpose to determine whether there is significant relationship between environmental non-compliance disclosure and market performance of firms listed on the Nigerian Exchange Limited, guided by evaluating relationship between explanatory variable and dependent variable with firm age as moderating variable. The target population and sample size were all the one hundred and seventy- six listed companies on Nigerian exchange limited. The study employed quantitative research design to establish the relationship of environmental education disclosure and market performance with secondary data obtained from the financial and sustainability reports of the listed companies and historical data from website of Africa money markets for observation period of ten years. Descriptive analysis and panel regression analysis were performed for the study. Various diagnostic tests were conducted to ensure that the dataset was from population that satisfy assumptions of Ordinary Least Square. The study concludes weak enforcement of environmental disclosure requirements and poor public enlightenment of environmental activities during the period reviewed. Recommendation includes collaboration of good sustainability goals and deploying market performance strategy to build culture where market performance is put at the heart of all stakeholders.