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Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies

Environmental performance of the Nigerian companies has become an issue of interest due to the negative effect of the companies' operations to the natural environment. The performance affects costs of capital structure financing because of its risk implication. Thus, the study examined the perf...

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Main Authors: Abba, Magaji, Moh’d Said, Ridzwana, Abdullahi, Amalina, Mahat, Fauziah
Format: Article
Language:English
Published: Macrothink Institute 2017
Online Access:http://psasir.upm.edu.my/id/eprint/61743/1/Environment%20operational%20performance%20effect%20on%20costs.pdf
http://psasir.upm.edu.my/id/eprint/61743/
http://www.macrothink.org/journal/index.php/ijafr/article/view/11381
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spelling my.upm.eprints.617432019-01-14T07:38:47Z http://psasir.upm.edu.my/id/eprint/61743/ Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies Abba, Magaji Moh’d Said, Ridzwana Abdullahi, Amalina Mahat, Fauziah Environmental performance of the Nigerian companies has become an issue of interest due to the negative effect of the companies' operations to the natural environment. The performance affects costs of capital structure financing because of its risk implication. Thus, the study examined the performance effect on costs of capital structure financing. Unlike the resource-depletion view of the performance, it is posited that environment operational performance lowers the companies’ costs of capital structure financing. With analysis of 53 listed companies from Nigerian Stock Exchange Market, negative effects are found between the environment operational performance and costs of capital structure financing of the companies. This aligned with instrumental stakeholder's theory of favourable resource allocation arising from improved environmental performance. It contributed to the understanding of capital structure financing advantage that can be achieved with environmental performance, thus supported the win-win view of corporate environmental performance. Macrothink Institute 2017 Article NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/61743/1/Environment%20operational%20performance%20effect%20on%20costs.pdf Abba, Magaji and Moh’d Said, Ridzwana and Abdullahi, Amalina and Mahat, Fauziah (2017) Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies. International Journal of Accounting and Financial Reporting, 7 (1). 372 - 391. ISSN 2162-3082 http://www.macrothink.org/journal/index.php/ijafr/article/view/11381 10.5296/ijafr.v7i1.11381
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Environmental performance of the Nigerian companies has become an issue of interest due to the negative effect of the companies' operations to the natural environment. The performance affects costs of capital structure financing because of its risk implication. Thus, the study examined the performance effect on costs of capital structure financing. Unlike the resource-depletion view of the performance, it is posited that environment operational performance lowers the companies’ costs of capital structure financing. With analysis of 53 listed companies from Nigerian Stock Exchange Market, negative effects are found between the environment operational performance and costs of capital structure financing of the companies. This aligned with instrumental stakeholder's theory of favourable resource allocation arising from improved environmental performance. It contributed to the understanding of capital structure financing advantage that can be achieved with environmental performance, thus supported the win-win view of corporate environmental performance.
format Article
author Abba, Magaji
Moh’d Said, Ridzwana
Abdullahi, Amalina
Mahat, Fauziah
spellingShingle Abba, Magaji
Moh’d Said, Ridzwana
Abdullahi, Amalina
Mahat, Fauziah
Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies
author_facet Abba, Magaji
Moh’d Said, Ridzwana
Abdullahi, Amalina
Mahat, Fauziah
author_sort Abba, Magaji
title Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies
title_short Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies
title_full Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies
title_fullStr Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies
title_full_unstemmed Environment operational performance effect on costs of capital structure financing of the Nigerian listed manufacturing companies
title_sort environment operational performance effect on costs of capital structure financing of the nigerian listed manufacturing companies
publisher Macrothink Institute
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/61743/1/Environment%20operational%20performance%20effect%20on%20costs.pdf
http://psasir.upm.edu.my/id/eprint/61743/
http://www.macrothink.org/journal/index.php/ijafr/article/view/11381
_version_ 1643837586461949952
score 13.211869

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