Green Manufacturing Practices and Learning and Growth Efficiency of Consumer Goods Manufacturing Companies Listed in Nigeria

Abstract

The present paper investigates the impact of Green Manufacturing Practices (GMP) on the Learning and Growth (LGE) of consumer goods manufacturing companies listed in Nigeria. The study utilized Green Product Design (GPD), Green Supply Chain Management (GSM), Green Efficient Processes (GEP), Green Renewable Energy (GRE), and End-of-life Product Management (EPM) as constructs for green manufacturing practices on learning and growth efficiency of consumer goods manufacturing companies listed in Nigeria. A survey research design was adopted for this study the consumer goods manufacturing companies listed in Nigeria made up the population of this study. The sample size of 228 was determined using Taro Yamane’s formula and randomly selected. A 5-point Likert Scale questionnaire was employed for data collection. The validity of the instrument of data collected was premised on the vast experience of the managers and the reliability of the data was done using the Cronbach Alpha Coefficient Technique which produced between 0.767 and 0.966 results. Statistical Package for Social Sciences (SPSS) version 22.0 was used to analyze and test the multiple regression. Descriptive and inferential (multiple regression) statistics were used to analyze the data at a 5% significance level. The findings indicate that green manufacturing practices variables (GPD, GSM, GEP, GRE, and EPM) had a positive significant effect on learning and growth efficiency (Adj.R2 = 0.440, F(6,217) = 35.001, p < 0.05) indicating that a unit increase in GMPs will enhance the LGE of consumer goods manufacturing companies listed in Nigeria. These findings should be of major interest to the Management of the consumer goods manufacturing companies listed in Nigeria. They suggest that they need to make informed strategic decisions about green initiatives and prioritize investments in them, while Government policymakers develop or refine regulatory frameworks that encourage green manufacturing practices in the manufacturing industry. This investigation provides original empirical evidence on the effect of green manufacturing practices on the learning and growth efficiency of consumer goods manufacturing companies listed in Nigeria.