Title: Corporate Environmental Accounting Practices Components And Firm Financial Performance: Evidence From Breweries In Nigeria
Authors: Ugwu, Ikechukwu Virginus Ph.D
Volume: 8
Issue: 10
Pages: 110-119
Publication Date: 2024/10/28
Abstract:
: This study focused on corporate environmental financial accounting CEFA, corporate environmental cost accounting CECA, and corporate environmental management accounting CEMA: as components of corporate environmental accounting practices and financial performance, (return on capital employed) ROCE from breweries hazards in Nigeria. This study aimed to provide factual data to propel corporate behavioural change that will reduce environmental hazards in Nigeria. The population of the study included all the quoted breweries in Nigeria Exchange Group, whose financial statements were found necessary from (2012-2022) financial years. A purposive sampling technique selected nine (9), out of the listed twelve (12) breweries. The research methods adapted expo- facto research designs; and by this, secondary data was sourced from the firms' published annual statements for eleven (11) years. The statistical tools analyses applied: Descriptive Statistics, Pearson Correlation and Panel Regressions. The findings show that: CECA and CEMA are positive and significant on ROCE; while CEFA is negative and significant on ROCE of breweries for the periods. Recommendations are that environmental accounting practices reporting of CECA and CEMA enhances the quality of decision-making as shown in their impacts on ROCE, and thus should be improved; also, firms are encouraged to establish proper environmental accounting practices for attaining a sustainability reporting. The study contributes to the existing body of knowledge, based on the expansive literatures for academia; the modernized study model, and the specific study findings that impact on ROCE in Nigeria. Implications of this study to practitioners in Nigeria and elsewhere; can be seen that this study focused only on breweries' environmental hazards, and not in all firms' environmental hazards in Nigeria.