THE IMPACT OF ENVIRONMENTAL COST ACCOUNTINGONPROFITABILITY OF CONSUMER GOODS COMPANIESIN NIGERIA

Authors

  • Justina Ifeyinwa Ezenwafor Department of Technology and Vocational Education, Nnamdi Azikiwe University
  • Chibuzor Christy Ifi Department of Technology and Vocational Education, Nnamdi Azikiwe University

Keywords:

Environmental cost accounting, return on assets, return on equity, consumer goods companies

Abstract

The environment provides a platform for every business enterprise to strive. Therefore, it is
imperative that there should be accountability on the use of environment especially in financial terms. The impact of such financial accountability on the financial performance of enterprises is also of great
concern. Hence, the study was aimed at assessing the impact of environmental cost accounting ontheprofitability of consumer goods companies in Nigeria. Two research questions were raised andanswered while two hypotheses were tested. The study covered a period of ten years (2013-2022). The design of the study was ex-post fact research design. Sixteen consumer goods companies whoseannual reports were published participated in the study. Annual reports were used as instrument for
data collection. Pearson correlation and panel least square regression analysis were used to analyzethe study. The findings of the study revealed that environmental cost had a positive but weak impact
on returns on equity and a negative impact on returns on assets of consumer goods companies in Nigeria

Downloads

Published

2024-11-23

Issue

Vol. 8 No. 1 (2023): NAU Journal of Technology and Vocational Education

Section

Articles