Triple Bottom Line Accounting on Financial Performance of Quoted Industrial Goods Firms in Nigeria
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2020, Vol 4, Issue 5
Abstract
This study examines Triple Bottom Line Accounting on Financial Performance of Quoted Industrial Goods Production firms in Nigeria. The sample comprises of 11 manufacturing firms Quoted on the Nigerian stock exchange NSE , covering the period of 2013 to 2017 five years. The combination of 11 firms for a five years period provides a balanced panel of observations for analysis using a cross sectional and ex post facto research design. Triple Bottom Line Accounting measures, are Economic cost, Social cost, and Environmental cost. Financial Performance measure was Market Value Per Share. The postulated hypotheses were tested, using ordinary least square method of Multiple Regression Analysis. The empirical results states that, the r squared of 0.38 suggest that our regression model, which regressed Triple Bottom Line Accounting indicators on Financial Performance of Quoted Industrial Goods Production Firms in Nigeria is well fitted. The outcome is 38 and the probability value of f statistics is significant at 1 supporting the credibility of the regression equation. This shows the ability of the selected explanatory variables to predict the changes that occur in Financial Performance of quoted industrial goods production firms in Nigeria. Based on the above findings, we recommend that, regulatory authorities, such as the Financial Reporting Council FRC , Nigeria Stock Exchange NSE and Securities and Exchange Commission SEC to issue out necessary compliance directives and improve their compliance monitoring mechanisms to ensure a reasonable level of compliance by all companies to present their account reports in compliance with triple bottom line accounting pattern. Laime Isaac Odogu | Pereowei Anderson Obalakumo | Timinipre Joseph Okpobo "Triple Bottom Line Accounting on Financial Performance of Quoted Industrial Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31844.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/31844/triple-bottom-line-accounting-on-financial-performance-of-quoted-industrial-goods-firms-in-nigeria/laime-isaac-odogu
Authors and Affiliations
Laime Isaac Odogu | Pereowei Anderson Obalakumo | Timinipre Joseph Okpobo
Keywords
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