CRISIS MANAGEMENT FRAMEWORK AND THE INVESTMENT VIABILITY OF MULTINATIONAL MANUFACTURING COMPANIES - AN EMPIRICAL EVIDENCE FROM NIGERIA
DOI:
https://doi.org/10.18623/rvd.v22.n6.4013Keywords:
Crisis Management Framework, Environmental Disclosure, Investment Viability, Multinational Manufacturing Companies, NigeriaAbstract
This study investigates the connection between multinational manufacturing companies' investment viability in Nigeria and the crisis management framework (CMF). The study design that was employed was ex post facto. According to Machameratios.com's compilation as of December 31, 2022, the population was made up of manufacturing enterprises listed on the Nigerian Exchange Group (NXG). The data was interpreted using descriptive statistics, such as mean and standard deviation. To validate the datasets and establish the link between the research variables, correlation analysis was performed. Additionally, STATA version 14.2 was used to conduct panel random effects regression with robust standard errors, as outlined in the model specification sections. The results indicated that the crisis management framework had a significant negative relationship with investment viability. As a policy recommendation, the study suggests that to reduce or eliminate environmental impacts and comply with legal requirements, multinational manufacturing firms in Nigeria should adopt an effective waste management system. This measure not only reduces the risks associated with crisis frameworks but also enhances their investment viability.
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