Environmental disclosures and financial performance amid banking crisis and COVID-19: evidence from Ghana

What is it about?

The objective of this study is to examine the impact of environmental disclosures (END) on the financial performance of listed companies in Ghana before and considering the banking crisis and the COVID-19 pandemic. This study used data from 16 companies listed on the Ghana Stock Exchange between 2012 and 2021. The END Index was used, which uses percentile ranking and is guided by Global Reporting Initiative guidelines. Robust, OLS and logistic regressions and robustness tests were used to examine whether END affect financial performance during crises. The results of this study show that the disclosure of environmental information has a significant positive effect on the firm's return on equity and earnings per share before and during crisis periods.

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