SUSTAINABILITY ACCOUNTING AND STOCK PERFORMANCE OF QUOTED CONSUMER GOODS MANUFACTURING FIRMS
Keywords:
Sustainability Accounting, Share Price, Earnings per ShareAbstract
The broad objective of the paper is to evaluate the effect of sustainability accounting on stock performance of quoted consumer goods manufacturing firms in Nigeria. The study utilized the ex-post facto research design. The sample comprised twenty two quoted consumer goods manufacturing firms on the Nigerian Stock Exchange. The study relied on secondary data obtained from annual report and accounts from 2011 to 2018. The proxy for sustainability accounting was measured with social and economic measures while stock performance was measured using share prices and earnings per share. The hypotheses were tested using Ordinary Least Square (OLS) regression at 5 per cent significance level. The results revealed that proxies of sustainability accounting had a significant effect on share prices and earnings per share at 5%. The study recommended amongst others that to the issue of sustainability accounting should be part of the corporate mission and strategy statements and not just be regarded as a philanthropic exercise. Policy makers are further encouraged to develop standards to gauge social responsibility disclosure and performance.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2019 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
