ENVIRONMENTAL ACCOUNTING DISCLOSURE PRACTICES AND FINANCIAL PERFORMANCE OF LISTED CEMENT COMPANIES IN NIGERIA
Journal Title: Gusau Journal of Accounting and Finance - Year 2021, Vol 2, Issue 2
Abstract
This study examined the impact of environmental accounting disclosure on financial performance of listed cement companies in Nigeria. The study employed expo facto research design. Data were sourced from three annual report and accounts of three cements companies listed on the Nigerian Stock Exchange from 2011 to 2019. Descriptive statistics and estimated panel regression methods were employed. The results of the study revealed that environmental accounting disclosure has positive and significant impact on firm financial performance of the listed cement companies in Nigeria. The study concluded that there was a significant positive impact of environmental accounting on return on equity and return on assets respectively. This study therefore recommends that relevant stakeholders including government agencies and regulatory agencies such as financial reporting council among others should put in place workable monitoring mechanism to ensure that firms in Nigerian cement industry engage in better environmental accounting disclosure since it plays key role on their performance and long run survival by extension.
Authors and Affiliations
Johnson Kolawole Olowookere, Abiodun Adeniran Taiwo, Ayuba Olatunde Onifade
Keywords
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- EP ID EP709165
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