The Environmental Accounting Moderated by Technological Advancement and Firm Value of Listed Multinational Firms in Nigeria
Keywords:
Economic Development, Innovation, Technological Change, and GrowthAbstract
Nigerian atmospheric and social environments have suffered environmental abuse and degradation occasioned by the indiscreet acts of firms in a bid to improve their values. This study investigated environmental accounting moderated by technological advancement and firm value of listed multinational firms in Nigeria. The study adopted ex-post facto and longitudinal research designs, and population comprises 50 multinational firms listed on the Nigeria Exchange Group as at 31st December 2022. The population formed the sample size of the study using census sampling method. The data obtained were from secondary source via published annual reports within a period 2008 to 2022; descriptive statistics and panel regression analysis were used for the analysis. Technological advancement significantly moderated environmental accounting and firm value with co-efficient of 1.870349 and P-value of 0.026. It was also concluded that technology advancement played significant influence on firm value which assisted in environmental accountability and performance; recommended that multinational firms were encouraged to invest more in technology, particularly as related to recycling of energy
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