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Abstract:
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"The study examines the impact of environmental cost, controlled by firm size and firm age; on
the market share of listed manufacturing companies in Nigeria from 2007 to 2017. The
descriptive research design was adopted for the study. Twenty listed manufacturing companies
were purposively drawn from the population of sixty manufacturing companies listed on the
floor of the Nigerian Stock Exchange as of 31 December 2017. The study’srelevant figures were
extracted from the annual reports and accounts as well as the stand-alone environmental
information of the selected companies over eleven years, from 2007-2017. Panel regression
analysis was used to examine the impact of the proxies to independent variable on the dependent
variable. Findings from the panel fixed-effect regression analysis showed that environmental
cost had a significant impact on market share (F= 56.20, p < .05) at 5% level of significance.
The study, therefore, concludes that environmental cost has a positive significant effect on the
market share of listed manufacturing companies in Nigeria. The study recommends that
manufacturing companies should increase their financial commitment to issues of environmental
concerns to increase their market share."
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