Green Accounting and Financial Performance of Quoted Manufacturing Companies in Nigeria

Abstract

The study investigated green accounting activities and its implementations by manufacturing companies in Nigeria in relating to their financial performance. Qualitative research was adopted due to the fact that most of the Nigerian manufacturing companies do not attach financial quantities to their reports on sustainability activities. A sample of fifteen (15) manufacturing companies were investigated- (Dangote Floor mill, Dangote Cement, Cadbury,) The study used data from the central bank statistical bulletin as well as Nigeria Stock Exchange, and data were analyzed in the Statistical Package for Social Sciences (SPSS) Version 22. As well as Microsoft Excel The research hypotheses were tested using Ordinary Lease Square Regression (OLSR) analysis at a significance level of .05. The results of the findings were that there is no positive linear relationship between sustainability accounting of manufacturing companies and their profitability in Rivers state. This study recommends among others that as green accounting and sustainability reporting is still in arithmetic progression in Nigeria, more efforts should be applied in this regard, doing this will see a future positive correlative effect on the profitability of the manufacturing companies in Nigeria