CARBON ACCOUNTING INFORMATION DISCLOSURE AND INVESTORS’ ATTITUDES TOWARDS INVESTING IN NIGERIAN ECONOMY

Abstract

Users of financial reports of companies have shifted their interest 
from only profitability to efforts of enterprises in addressing 
environmental problems, global climate change, carbon reduction, 
and their vision for green development. Business stakeholders 
particularly investors are more interested in investing their funds in 
enterprises that demonstrate commitment to de-carbonization and 
reduction of harmful effects of their operation on society and 
reporting. Reporting/disclosure is an issue in Nigeria where 
Carbon Accounting Information Disclosure (CAID) is voluntary. 
The voluntary disclosure has generated doubts about whether it has 
impacted on investors' attitudes to commit their funds to enterprises 
in the Nigerian economy. The aim of this study there is to examine 
the impact of CAID on the attitudes of investors to invest in 
enterprises in Nigeria. Data for the study were collected primarily 
through a questionnaire administered to a sample of investors in 
corporate enterprises in Nigeria. Analysis of the data was done 
through Partial Least Square Structural Equation Modeling (PLS
SEM). Results indicated that the disclosure has a positive and