EKSU Journal of the Management Scientists

Environmental Accounting Practices and Share Value of Quoted Deposit Money Banks in Nigeria

Abstract

The study investigated the effect of environmental accounting practices (EAP) on share value of quoted Deposit Money Banks (DMBs) in Nigeria during the period 2010-2019. Ex post facto research design was used. The population comprised 22 listed DMBs on the Nigerian Exchange Group (NGX) as at December 31, 2019 of which ten with relevant data were selected using purposive sampling technique.  Descriptive and inferential statistics were employed to analyse the data collected. Without the intervening effect of bank size, the results revealed that environmental accounting practice has an insignificant positive impact on share value, with a 2.4951 coefficient value and a probability value of 0.2740 higher than the 5% significant level. The results also revealed that EAP has a significant effect on share value when bank size is an intervening variable, as shown by the adjusted R-squared of 0.1470, the F-statistic of 9.5295, and probability of 0.0002. The study concluded that EAP significantly affect the share value of listed DMBs in Nigeria. It is therefore recommended that Nigeria’s listed DMBs management should ensure proper waste management, efficient use of energy, and reduce the use of paper in order to avoid negative impacts on their environment. In addition to this, the management of quoted DMBs should disclose information about their EAP in their annual reports.