Nexus between Returns on Equity and Disclosures of Greenhouse Gas Emissions, Waste Management, and Renewable Energy

Authors

  • Yinka Lydia Emmanuel Department of Accounting and Finance, Bowen University, Nigeria
  • Oluwasikemi Janet Owolabi Pan-Atlantic University, Lagos State, Nigeria
  • Babatunde Ayodeji Owolabi Department of Accounting, Babcock University, Nigeria
  • Jerry D. Kwarbai Department of Accounting, Babcock University, Nigeria
  • James Olalekan Akinbode Department of Business Administration, Bowen University, Iwo, Osun State, Nigeria
  • Sunday Festus Olasupo Department of Accounting and Finance, Bowen University, Nigeria
  • Isiaka Olayinka Kolawole Department of Economics, Federal University Lokoja, Kogi State, Nigeria
  • Adegbola Olubukola Otekunrin Department of Accounting and Finance, Bowen University, Nigeria

DOI:

https://doi.org/10.32479/ijeep.16254

Keywords:

Sustainability, Environmental, Renewable, Energy, Greenhouse, Gas, Emissions

Abstract

Environmental sustainability is now being continuously researched in almost all areas of humankind. This study investigated the impact of environmental sustainability disclosures (proxy by renewable energy disclosures, Greenhouse Gas Emissions disclosures, and waste management disclosures) on the returns on equity of sampled Quoted Nigerian Financial Institutions. Purposely, Fourteen Quoted Nigerian Financial Institutions on the Nigerian Exchange Group were taken as the sample size for this study. The study spanned a period of 9 years from 2013 to 2021. The analysis was carried out using panel data and employing multiple regression models to assess the relationships between the variables using secondary data collated from the annual reports of Quoted Nigerian Financial Institutions. The findings of the study reveal that the impact of renewable energy disclosures (with coefficient estimate = -0.19295, t-value = -1.41 and p-value = 0.16), Greenhouse Gas Emissions disclosures (with coefficient estimate = -0.16105 & the t-value = -1.18 p-value = 0.239, and waste management disclosures (with coefficient estimate = 0.124013, the t-value of 1 and p-value = 0.317) on returns on equity is not significant. This study concluded that the relationship between return on equity and environmental sustainability variables disclosures (proxy by Renewable Energy Disclosure and Greenhouse Gas Emissions) is unrelated. 

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Published

2024-09-07

How to Cite

Emmanuel, Y. L., Owolabi, O. J., Owolabi, B. A., Kwarbai, J. D., Akinbode, J. O., Olasupo, S. F., … Otekunrin, A. O. (2024). Nexus between Returns on Equity and Disclosures of Greenhouse Gas Emissions, Waste Management, and Renewable Energy. International Journal of Energy Economics and Policy, 14(5), 98–108. https://doi.org/10.32479/ijeep.16254

Issue

Vol. 14 No. 5 (2024)

Section

Articles

License

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