Environmental Responsiveness and Firm Value: Evidence from Nigeria

Abstract This paper examines the effects of environmental responsiveness on firm value in Nigeria and provides an insight into feasibility corporate entities engaging with United Nations’ sustainable development agenda, without compromising their wealth creation agenda. Secondary data were gathered from annual reports audited accounts 83 quoted non-financial firms for three years covering period 2016–2018. Thereafter, a regression analysis using Ohlson relevant model price valuation was done. Results empirical confirm positive influence relevance book values, earnings per share, alongside size Nigerian firms, while leverage is inversely related. Remarkably too, higher values tend towards being environmentally responsive. Impliedly, there evidence reverse causality between responsiveness.