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Impact of Triple Bottom Line Accounting on the Earnings Per Share of Listed Industrial Goods Firms in Nigeria

Austin Adam Leizou, Baratuaipre Jacob Robert Ph.D.

Abstract

This study empirically analysed the impact of Tripple Bottom Line Accounting on the financial performance of listed industrial goods firms in Nigeria. TBL was measured by environmental disclosure (ENVIRON), economic disclosure , and social disclosure , while financial performance was measured earnings per share . The sample size of the study comprises of eight listed industrial goods firms whose data were available on the Nigerian Exchange Group for the period 2018 to 2023. The data obtained was estimated using the Estimated Generalised Least Squares regression technique with the help of EViews 13 Software. The outcome of the regression indicated that the coefficient of ENVIRON is positive (104.6176) and statistically insignificant (p = 0.6986). This implies that as the environmental performance disclosures increase, the more the companies’ EPS increase insignificantly. Also, the coefficient of ECONS was found to be negative (-183.7341) and statistically insignificant (p = 0.7657) at the 5% level of significance. This implies that as the economic performance disclosures increase, the more the companies’ EPS decrease insignificantly. Findings also showed that the coefficient of SOC is negative (-80.31902) and statistically insignificant (p = 0.3500). This implies that as the social performance disclosures increase, the more the companies’ EPS decrease insignificantly. Following the findings, the study concludes that TBL has no significant impact on the financial performance of the firms, and thus, recommends that firms management should adopt a long-term orientation toward triple bottom line practices, emphasizing sustainable growth, resilience, and stakeholder relationships rather than immediate profit.

Keywords

Tripple Bottom Line accountingenvironmental disclosureeconomic disclosuresocial disclosureearnings per share.

References

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