Effect of Firm Characteristics On Environmental Performance of Quoted Industrial Goods Firms in Nigeria

This study was set out to determine the effect of firms’ characteristics on corporate environmental performance of quoted industrial goods firms in Nigeria from 2008-2017. To achieve these objectives, three research questions and hypotheses were raised and related literatures to the study were reviewed. The study adopted the ex-post facto research design. Population of the study is made up of eleven industrial goods firms quoted on the Nigerian stock exchange. Complete enumeration of the population was adopted as the sample size. This study utilized secondary data sourced from annual reports and accounts of the sampled firms for the study period. Inferential statistics of the hypotheses were tested using Pearson correlation coefficient and multiple regression analysis. The result of findings revealed that firm characteristics (proxied by firm size, profitability and firm age) have a significant positive effect on environmental performance (measured by waste management cost) at 5% significant level. The study recommends industrial goods firms should engage more in waste management policies, since such practice significantly improves their financial performance in terms of value added and profitability