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Comparative Analysis of Environmental Accounting and Corporate Performance in Nigeria

Confidence Joel IHENYEN PhD, FCA & Emmanuel ATAGBORO PhD, MNAA, MNIM

Abstract

The study analyzed the performance of Nigerian publicly traded corporations in terms of environmental accounting (green accounting). The investigation covers the years 2012 through 2020 using secondary data and an ex-post-facto approach. This methodology was chosen since the data had already been documented by reputable organizations like the Central Bank of Nigeria and other financial institutions. Five publicly traded firms were chosen at random from among the research's overall population: Oando, Shell, Agip, Coin Oil, and ALCON Oil. The study comprised all publicly traded Nigerian enterprises. Using Ordinary Least Square (OLS) methodology. The findings of the study exposed that restoration, redemption, and compensation expenses positively affect the companys’ performance, on performance. That is, green accounting has aided in the improvement of organizational performance in the majority of Nigeria's publicly traded companies. It also demonstrates that the majority of the firms mentioned are active in restoration, redemption, and compensation testing. The article recommends that, a standard should be created for analyzing, treating, and reporting a company's environmental actions. For the purposes of performance control and assessment, publicly traded companies should establish common environmental reporting and disclosure standards. Companies' competitiveness and overall performance can be enhanced by making their environmental practices public in their annual reports.

Keywords

RestorationRedemptionCompensationPerformance

References

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