Environmental Management Reputation Effect on Financial Performance of Nigerian Companies
The paper examined the effect of environmental management reputation on financial performance of the Nigerian companies. This was informed by the need to explore the strategic importance of the EMS_ISO certification and clear the doubt about its contribution to the Nigerian companies’ profitability....
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| Format: | Article |
| Language: | English |
| Published: |
Mashhad: Behzad Hassannezhad Kashani
2018-05-01
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| Series: | International Journal of Management, Accounting and Economics |
| Subjects: | |
| Online Access: | https://www.ijmae.com/article_114781_fc0a1b1af2fb4dfc20d62996fa2d6ec6.pdf |
| _version_ | 1797690382269546496 |
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| author | Magaji Abba Naziru Suleiman Lawan Yahaya |
| author_facet | Magaji Abba Naziru Suleiman Lawan Yahaya |
| author_sort | Magaji Abba |
| collection | DOAJ |
| description | The paper examined the effect of environmental management reputation on financial performance of the Nigerian companies. This was informed by the need to explore the strategic importance of the EMS_ISO certification and clear the doubt about its contribution to the Nigerian companies’ profitability. It was posit that environmental reputation brings about brand loyalty and incentives. This ultimately increases profitability and subsequently the financial performance of the companies. Data was collected from 11 Nigerian companies operation in environment sensitive industries for a period of 5 years. The regression analysis shows the reputation has a significant positive effect on the companies’ financial performance. That is achievement of environmental reputation through certification contributes to profitability. This finding contributes to the Natural Resource Based theory by supporting the strategic use of environmental reputation to achieve financial performance. Though, caution should be exercised in the use of this finding. This is because of the companies’ characteristics and contextual issues related to level of economic development of Nigeria. It is recommended for further study that to investigate other forms of performance such as operational and social performance. Also improvement in the method can be made with the use of path analysis (SEM) instead of only robust regression. |
| first_indexed | 2024-03-12T01:59:47Z |
| format | Article |
| id | doaj.art-ec8e65df3e1c49519a408fbdf8cb022f |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T01:59:47Z |
| publishDate | 2018-05-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-ec8e65df3e1c49519a408fbdf8cb022f2023-09-07T21:51:04ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262018-05-0155300318114781Environmental Management Reputation Effect on Financial Performance of Nigerian CompaniesMagaji Abba0Naziru Suleiman1Lawan Yahaya2Department of Accounting and Finance, A.T.B.U. Bauchi, NigeriaDepartment of Accounting and Finance, A.T.B.U. Bauchi, NigeriaDepartment of Accounting and Finance, A.T.B.U. Bauchi, NigeriaThe paper examined the effect of environmental management reputation on financial performance of the Nigerian companies. This was informed by the need to explore the strategic importance of the EMS_ISO certification and clear the doubt about its contribution to the Nigerian companies’ profitability. It was posit that environmental reputation brings about brand loyalty and incentives. This ultimately increases profitability and subsequently the financial performance of the companies. Data was collected from 11 Nigerian companies operation in environment sensitive industries for a period of 5 years. The regression analysis shows the reputation has a significant positive effect on the companies’ financial performance. That is achievement of environmental reputation through certification contributes to profitability. This finding contributes to the Natural Resource Based theory by supporting the strategic use of environmental reputation to achieve financial performance. Though, caution should be exercised in the use of this finding. This is because of the companies’ characteristics and contextual issues related to level of economic development of Nigeria. It is recommended for further study that to investigate other forms of performance such as operational and social performance. Also improvement in the method can be made with the use of path analysis (SEM) instead of only robust regression.https://www.ijmae.com/article_114781_fc0a1b1af2fb4dfc20d62996fa2d6ec6.pdfenvironmental management reputationems_isofinancial performancenigerian companies |
| spellingShingle | Magaji Abba Naziru Suleiman Lawan Yahaya Environmental Management Reputation Effect on Financial Performance of Nigerian Companies International Journal of Management, Accounting and Economics environmental management reputation ems_iso financial performance nigerian companies |
| title | Environmental Management Reputation Effect on Financial Performance of Nigerian Companies |
| title_full | Environmental Management Reputation Effect on Financial Performance of Nigerian Companies |
| title_fullStr | Environmental Management Reputation Effect on Financial Performance of Nigerian Companies |
| title_full_unstemmed | Environmental Management Reputation Effect on Financial Performance of Nigerian Companies |
| title_short | Environmental Management Reputation Effect on Financial Performance of Nigerian Companies |
| title_sort | environmental management reputation effect on financial performance of nigerian companies |
| topic | environmental management reputation ems_iso financial performance nigerian companies |
| url | https://www.ijmae.com/article_114781_fc0a1b1af2fb4dfc20d62996fa2d6ec6.pdf |
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