EFFECT OF GREEN ACCOUNTING DISCLOSURE AND FINANCIAL PERFORMANCE: A STUDY OF CONSUMER GOODS FIRMS IN NIGERIA

Abstract

This study ascertained the effect of green accounting disclosure on financial performance
of listed consumer goods firms in Nigeria, using environmental protection disclosure and
corporate donation. Ex post facto research design was adopted for the study. A sample of
18 consumer goods firms was used and data extracted from the companies audited annual
reports and accounts. Using regression analysis, it was established that environmental
protection disclosure and corporate donation with firm size as the control variable were
significant. This shows the extent to which consumer goods firms disclose information
voluntarily, particularly regarding environmental protection, corporate donations, and
employee welfare, can significantly influence stakeholders’ perceptions and decisions.
Based on the findings of the study, it was recommended that there should be constant green
accounting disclosure by the firms for mitigating its environmental impact and promoting
sustainable practices. This will enable them share with their stakeholders to demonstrate
their commitment toward environmental responsibility.