ENVIRONMENTAL ACCOUNTING DISCLOSURE PRACTICES AND FINANCIAL PERFORMANCE OF LISTED CEMENT COMPANIES IN NIGERIA

Authors

  • Johnson Kolawole Olowookere Osun State University
  • Abiodun Adeniran Taiwo Osun State University
  • Ayuba Olatunde Onifade Osun State University

DOI:

https://doi.org/10.57233/gujaf.v2i2.62

Keywords:

Accounting Disclosure, Cement Companies, Environmental Accounting, Financial performance

Abstract

This study examined the impact of environmental accounting disclosure on financial performance of listed cement companies in Nigeria. The study employed expo facto research design. Data were sourced from three annual report and accounts of three cements companies listed on the Nigerian Stock Exchange from 2011 to 2019. Descriptive statistics and estimated panel regression methods were employed. The results of the study revealed that environmental accounting disclosure has positive and significant impact on firm financial performance of the listed cement companies in Nigeria. The study concluded that there was a significant positive impact of environmental accounting on return on equity and return on assets respectively. This study therefore recommends that relevant stakeholders including government agencies and regulatory agencies such as financial reporting council among others should put in place workable monitoring mechanism to ensure that firms in Nigerian cement industry engage in better environmental accounting disclosure since it plays key role on their performance and long run survival by extension.

Author Biographies

Johnson Kolawole Olowookere, Osun State University


Department of Accounting,
Osun State University
+2348034924142

Abiodun Adeniran Taiwo, Osun State University

Department of Accounting
Osun State University
+2348034540896

Ayuba Olatunde Onifade, Osun State University


Department of Accounting
Osun State University
+2349056015701

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Published

2021-04-21

How to Cite

Kolawole Olowookere, J., Adeniran Taiwo, A., & Olatunde Onifade, A. (2021). ENVIRONMENTAL ACCOUNTING DISCLOSURE PRACTICES AND FINANCIAL PERFORMANCE OF LISTED CEMENT COMPANIES IN NIGERIA. Gusau Journal of Accounting and Finance, 2(2), 12. https://doi.org/10.57233/gujaf.v2i2.62