Author : Ojiakor, Ijeoma (Ph.D), Ezuwore C. N.Obodoekwe., Ozioko, Blessing
Generally, this study is aimed at examining the responsiveness of organizational performance to environmental cost disclosure in the financial statements of motor vehicle manufacturing organizations in South East, Nigeria. Specifically, the study is aimed at ascertaining the degree of relationship between environmental cost disclosure and profitability of the concerned firms. Therefore, the researchers want to find out the extent that disclosure of environmental costs in the financial statements has affected profitability and vice versa. The survey design was used to carry out this research. Data were collected using questionnaires distributed to the respondents from the visible and viable motor vehicle manufacturing firms in South East, Nigeria. Personal interviews were conducted to check consistency in response. Data were analyzed using percentage frequency, while the Pearson’s Product Moment Correlation Coefficient (PPMCC) statistic was used to test the hypothesis. The results of the analysis revealed that the degree of environmental cost disclosure in the financial statements of motor vehicle manufacturing firms in the South East, Nigeria is dependent on firm profitability. The more successful firms tend to disclose their environmental costs than the retrogressive firms. The study therefore, recommended that the motor vehicle manufacturing firms in the industry should of necessity be encouraged to disclose their environmental costs in their financial statements.
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