GREEN ACCOUNTING PRACTICES AND CORPORATE PERFORMANCE: EVIDENCE FROM QUOTED CONSUMER GOODS MANUFACTURING COMPANIES IN NIGERIA

Authors

  • Chude, Daniel Izuchukwu PhD Department of Accountancy, Chukwuemeka Odumegwu Ojukwu University Igbariam Campus
  • Chude, Nkiru Patricia PhD Department of Banking and Finance, Chukwuemeka Odumegwu Ojukwu University Igbariam Campus
  • Egbunike, Francis Chinedu PhD Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Green Accounting, Return on Assets, Return on Equity

Abstract

The study specifically investigated the effect of green accounting practices on the returns on assets and returns on equity of consumer goods manufacturing firms in Nigeria. The stakeholder theory underpins the research. The study adopted an ex post facto research design, and the final sample comprised twenty-one consumer goods companies quoted on the Nigerian Stock Exchange. The study relied on secondary sources of data from annual financial reports from 2011 to 2017. The data were analyzed using least squares regression with the aid of E-views. The findings of the study revealed that green accounting practices have a positive and significant relationship with returns on assets but a negative effect on returns on equity that is not significant. The study recommends, among others, that green accounting practices should be part of the corporate practices of manufacturing firms because they improve return on assets and improve stakeholder engagement. Secondly, the negative effect of green accounting on return on equity implies that green accounting reduces the income available for distribution to shareholders, and therefore managers should adopt practices that justify their enticement for green practices as they secure the environment for an unforeseen tomorrow.

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Published

2023-01-01

How to Cite

Chude, D. I., Chude, N. P., & Egbunike, F. C. (2023). GREEN ACCOUNTING PRACTICES AND CORPORATE PERFORMANCE: EVIDENCE FROM QUOTED CONSUMER GOODS MANUFACTURING COMPANIES IN NIGERIA. Journal of Global Accounting, 8(3), 53–65. Retrieved from https://journals.unizik.edu.ng/joga/article/view/1419

Issue

Vol. 8 No. 3 (2022): December

Section

Articles

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