Influence of stakeholder ecosystem on corporate environmental disclosure among non-financial firms in Lagos State, Nigeria

Abstract

Purpose: In Nigeria, especially non-financial firms in Lagos State are involved in the inadequacy of waste management infrastructure, resulting in litter pollution and health issues for the immediate community. Thus, this study therefore investigated the influence of the stakeholder ecosystem through operational, primary, environmental advocacy and strategic stakeholders on corporate environmental disclosure among non-financial firms in Lagos State, Nigeria.

Methodology: this study adopts survey research design, which centers on collecting data from sample size of 294 representing the entire non-financial firms’ Lagos state, Nigeria.

Results and conclusion: the findings of the result conclude that operational stakeholders have a positive but not significant relationship with corporate environmental disclosures among non-financial firms in Lagos State, Nigeria. However, primary stakeholders, environmental advocacy stakeholders, and strategy stakeholders all have negative but insignificant relationships with corporate environmental disclosures among non-financial firms in Lagos State, Nigeria.

Implication of findings: therefore, this study recommends that operational health and environmental protection should be integrated into the daily operations of non-financial firms in Lagos State, Nigeria. However, in Lagos State, Nigeria, non-financial firms should address the interest of shareholders in environmental reporting concerning long-term value and shareholder value through environmental sustainability. Additionally, the study also recommends that non-financial firms in Lagos State, Nigeria, should put their immediate needs first by offering corporate social responsibility and environmental cooperation. Lastly, managing directors of non-financial companies in Lagos State, Nigeria, ought to offer substantial financial support through environmental commitment in management relations with environmental waste management.