Title: Wastes Management 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: 170-178
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 waste management 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 study employed quantitative research design using secondary data obtained from published annual financial and sustainability reports, Nigerian exchange limited archival databank and website of Africa money markets of the listed companies for period of ten years. The target population and sample size were all the one hundred and seventy six listed companies on Nigerian exchange limited as at December, 2022. Descriptive analysis, dispersion and statistical inference were done. Various diagnostic tests were conducted to establish the fit of panel data for panel regression analysis. Pearson correlation analysis for strength and direction of relationship of explanatory and response variables was conducted with regression analysis to model the relationship. 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 thereby building a culture where market performance is put at the heart of all stakeholders.