FIRM CHARACTERISTICS AND ENVIRONMENTAL PERFORMANCE OF QUOTED CONGLOMERATES FIRMS IN NIGERIA

Abstract

The study examined the effect of firm profitability on the environmental performance of quoted conglomerates firms in Nigeria. Ex-post facto research design was adopted for this study. The population of the study was constituted by all the five (5) conglomerate firms listed on the Nigerian Exchange from 2011 to 2020. Data were derived from the financial statements of the selected firms over the years of interest. Ordinary Least Square multiple regression analysis was used at 5% level of significance. The findings revealed that firm profitability has significantly affects waste management expenses of quoted conglomerates firms in Nigeria It was recommended that managers should avoid prioritizing the traditional trend of putting financial profitability and maximization of shareholder wealth ahead of all other corporate values.