Environmental Accounting, Firms Characterics and Performance of Listed Cement Manufacturing Companies in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.2(1)2021.004Keywords:
Environmental accounting, financial performance, NigeriaAbstract
The study examines the relationship between environmental accounting, firm characteristics and performance of the cement manufacturing companies in Nigeria. The study adopts longitudinal research design covering a period of seven (7) years from 2012 – 2018. The data for the study were sourced from the annual reports of the sampled companies. Descriptive and inferential statistics were used for data analysis. The findings show that environmental accounting has negative effect on financial performance of cement manufacturing companies in Nigeria. Firm characteristics (proxy by firm size, leverage and taxation) have positive relationship on performance of the cement companies in Nigeria. The study therefore recommends that firms shall pay more attention to environmental issues there by enlighten the people surrounding the environment on the company’s effort toward securing their environment from any harmful effect that might arises due to the nature of their production; companies should reduce the amount of leverage in their capital structure, they should also strive to improve their turnover through the use of marketing strategies.
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