GPH-International Journal of Business Management

GREENHOUSE GAS EMISSION DISCLOSURES AND FINANCIAL PERFORMANCE OF LISTED PHARMACEUTICAL FIRMS IN NIGERIA

IDORENYIN EYIBIO BASSEY — 2025-10-04

This study examined the relationship between greenhouse gas emission disclosures and financial performance of listed pharmaceutical firms in Nigeria. However, the specific objectives were to evaluate the relationship between emission intensity disclosure and financial performance of listed pharmaceutical firms in Nigeria, to examine the relationship between energy efficiency disclosure and financial performance of listed pharmaceutical firms in Nigeria, to determine the relationship between renewable energy consumption disclosure and financial performance of listed pharmaceutical firms in Nigeria, to analyze the relationship between carbon footprint disclosure and financial performance of listed pharmaceutical firms in Nigeria and to investigate the relationship between emission trends disclosure and financial performance of listed pharmaceutical firms in Nigeria. The study adopted an ex-post facto research design and utilized a panel data of seventy (70) pooled observations gathered from seven (7) listed pharmaceutical firms in Nigeria over ten (10)-year period (2015-2024). The study however employed a panel multiple regression technique to analyze the data via E-views 10.0 statistical package. The study findings revealed that emission intensity disclosure has a significant negative relationship (Coeff. = -0.000619, p-value = 0.0088) with financial performance of listed pharmaceutical firms in Nigeria, energy efficiency disclosure has no significant relationship (p-value = 0.3780) with financial performance of listed pharmaceutical firms in Nigeria, renewable energy consumption disclosure has a significant negative relationship (Coeff. = -0.069355, p-value = 0.0460) with financial performance of listed pharmaceutical firms in Nigeria while carbon footprint disclosure has no significant relationship (p-value = 0.1095) with financial performance of listed pharmaceutical firms in Nigeria. It also revealed that emissions trend disclosure has a significant positive relationship (Coeff. = 0.085349, p-value = 0.0099) with financial performance of listed pharmaceutical firms in Nigeria. It was thus concluded that greenhouse gas emission disclosures have a significant relationship with financial performance of pharmaceutical firms listed on the Nigerian Exchange Group (NGX). The recommendations made included that pharmaceutical firms in Nigeria should prioritize reducing their emission intensity, as high emission intensity is negatively associated with financial performance. This can be achieved by implementing energy-efficient practices, investing in cleaner production technologies, and adopting sustainable supply chain practices.

RELIGIOSITY AND TAX MORALE IN NIGERIA

Mpimnee Lucky — 2025-10-06

This study investigates the influence of religiosity on tax morale in Nigeria. The study adopted a cross-sectional design, population was three hundred and eighty-four (384) individual tax payers across various regions in Nigeria. Data was collected through structured questionnaires administered to participants using Partial Least Squares Structural Equation Modelling (PLS-SEM) two hypotheses were tested. The results indicate that both religiosity measures; religious affiliation and religious commitment were found to significantly enhance tax morale, highlighting the importance of internalized moral and spiritual values in shaping tax behaviour. This study recommends that strategies to enhance tax morale should combine credible enforcement with faith-based civic education and institutional reform.

The Mediating Role of Perceived Risk in Shaping Vietnamese Consumers’ Trust in Social Media Advertising: Evidence from the Furniture Industry

Thi Phuong Hoa Bui — 2025-10-08

This study investigates the mediating role of perceived risk in shaping Vietnamese consumers’ trust in social media advertising for furniture products. Survey data were collected through a structured questionnaire administered via Google Forms and disseminated across social media platforms, yielding 234 valid responses. The data were analyzed using SPSS and AMOS. The findings indicate that information transparency and peer reviews exert the strongest influence on advertising trust, while source credibility and interactivity serve as supporting factors. Perceived risk partially mediates the relationship between information transparency and consumers’ trust in advertising.

The Impact of Governance on the Performance of Islamic Banks: A Case Study of Selected Banks in Iraq

Dr. Essam Al-Husseini — 2025-10-21

The study aimed to determine the relationship between governance principles and financial performance of Islamic banks in Iraq. It delved into the specificity of governance in Islamic banks, discussing its importance in the banking sector generally. The research measured the impact of governance rules on financial performance using a sample of Islamic banks in Iraq from 2018 to 2022. The researcher utilized the correlation function between the dependent variable, represented by the return on total assets (indicating financial performance), and corporate governance variables as independent factors. The findings revealed a strong relationship between the application of governance principles and the financial performance of the studied Islamic banks. Results showed a positive correlation between return on assets and factors such as board composition, board size, committee count in the board, and the number of members in the Shariah supervisory board. As the independent variable (governance principles) increased, the return on assets (dependent variable) also increased. Additionally, there was a negative correlation between return on assets and ownership concentration.

The African Continental Free Trade Area (AfCFTA) and Its Role in Global Trade

Woke, Chisa Anwuri — 2025-10-22

The African Continental Free Trade Area (AfCFTA) is a landmark initiative aimed at boosting intra-African trade and positioning Africa as a formidable force in global trade. This advocacy paper explores the implications of AfCFTA for global trade, analyzing the benefits, challenges, and strategic pathways for enhancing Africa's economic integration and competitiveness. With insights from economic theories and empirical studies, the paper underscores AfCFTA’s potential to reshape Africa’s trade landscape and its interactions with global markets. The study concluded that despite the challenges of AfCFTA, its successful implementation could unlock significant economic opportunities, attract foreign investments, and boost Africa’s industrialization. Amongst others, the study recommended that African governments must prioritize investments in roads, railways, ports, and energy to enhance trade efficiency. Also, they should streamline trade policies, customs regulations, and tariff structures across member states is essential for seamless trade.

Domestic Bond Market and International Financing in Nigeria

Ashaolu Gbenga Peter — 2025-10-22

This article examined the pivotal function of Nigeria's local bond market in improving foreign funding opportunities. Africa's largest economy faces various challenges concerning external debt and economic stability; the paper asserts that a strong domestic bond market can substantially diminish dependence on foreign debt, alleviate currency risk, and facilitate long-term financing for essential infrastructure projects. It underscores the many advantages of a robust domestic bond market, including enhanced government accountability, institutional advancement, and increased financial inclusion. The study highlights many constraints obstructing the expansion of the domestic bond market and presents practical solutions, including the enhancement of regulatory frameworks, the promotion of investor education, and the diversification of financial products. By concentrating on these sectors, Nigeria may establish itself as an appealing locale for both domestic and foreign investors, eventually fostering more sustainable economic development and enhanced access to global capital markets. This research highlights the need of cultivating a robust domestic bond market as an integral component of a holistic approach to enhance Nigeria's economic resilience and developmental results.