Environmentally friendly initiatives and green financing are needed to reduce pollution and transition to a low‐carbon energy system. This research was conducted to assess the efficacy of green bond financing for scaling up environmentally responsible investment in preparation for the low‐carbon energy transition in emerging Asian economies. The generalized method of moment's methodology is used to examine the impact of green finance, CO2 emission, and economic growth on the environmental investment of emerging nations over the period 2000–2021. The result showed that all these factors contribute significantly to environmental investment. In addition, the results showed that the burdens of global warming are achievable to alleviate through green bonds for the optimum transition to low‐carbon energy. Moreover, these economies have enacted measures to assist them in becoming green and encourage green initiatives, which function harmoniously with each other and have decreased carbon emissions, leading to the possible adaptation of green environmental investment sources. Hence, it is recommended that these economies boost their green financing activities, low‐carbon emissions, and economic development so that eco‐innovation and ecological investment can be made properly.
The study examines the effect of IFRS adoption on the value relevance of accounting information of six (6) out of thirteen (13) listed industrial goods firms in Nigeria for the period of fourteen years (2007-2020); seven (7) years before IFRS adoption and seven (7) years after IFRS adoption. Earnings per share (EPS), Book value per share (BVPS) and Dividend per share (DPS) constitute the independent variables and share price as the dependent variable. Ex-post facto research design was employed and multiple regression models as well as Ohlson (1995) price model were used to analysis the audited financial statement of the sample size. The result reveal that EPS is negatively and DPS is positively associated with share price and both are significant, while BVPS is insignificantly associated with share price in the pre-IFRS era. On the other hand, EPS has negative significant association with share price, while BVPS and DPS is having a positive and significant association with share price in the post-IFRS era. Therefore, it is concluded that the value relevance of accounting information has increase after the adoption of IFRS; this is supported by the R2of post-IFRS (51%) which is higher than the R2of pre-IFRS (30%)
There is growing concern for corporate entities to disclose information in respect of their environmental practices as an addition to conventional economic reporting. This study explores the influence of corporate board physiognomies on environmental accounting disclosures (CEADs). The study examines the data of 13 oil and gas companies for the period of 2014 to 2020. Pool regression was used to analyse the data. The key findings of this research show that the EAD Among Nigeria’s publicly traded oil and gas firms is substantially influenced by the board financial expertise, audit committee (AC) independence and AC financial expertise. This supports the stakeholder’s theory which suggests that the board of directors as environmental representatives, protect the shareholders’ objective since more EADs will increase their reputation, appeal prospective investors and customers. While the EAD of these enterprises was unaffected by by-the--the-board independence. The study exposed the need for the regulatory agency to come up with empowering laws that can ensure that listed Nigerian oil and gas companies cuddle CEAD regardless of their size and profitability. Finally, the Global Environmental Disclosure Index (GEI) should be recognised as the most palatable benchmark for evaluating environmental accounting in Nigeria.
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