ABSTRACT
This study examines the effect of environmental accounting on the profitability of firms in Nigeria. This study adopts ex-post research design. A purposive/convenience sampling method was used to select 4 companies from 5 sectors within the oil and manufacturing industry that are listed on the Nigerian stock exchange covering the period of 2010-2015 (6 years). This study uses secondary data in obtaining the annual financial report of the firms and all data needed for the study. The keyfindings of study shows that environmental protection cost has no significant effect on the profitability of listed firms in line with the first specific objectives which is to examine the effect of environmental protection cost has no significant effect on the profitability of listed firms in line with the first specific objective which is to examine the effect of environmental protection on the probability of firms. Therefore, further findings reveal that sustainable development cost has a significant effect on the profitability of listed firms in line with the second specific objective which is to ascertain the effect of sustainable development cost on the profitability of firms. Based on the findings of this study from the test of two hypothesis earlier formulated the study concluded in respect to the hypothesis that environmental protection cost has no effect on the profitability of firms and sustainable development cost has a significant effect on the profitability of firms. Based on this, it was recommended that there should be a high level of awareness of environmental issues and a positive attitude towards liability and cost.
TABLE OF CONTENTS
Title page
Certification
Declaration
Dedication
Acknowledgements
Table of contents
List of tables
Abstract
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study 1
1.2 Statement of the Problem 4
1.3 Objectives of the Study 6
Research Questions 7
Research Hypothesis 7
Significance of the Study 8
Scope of the Study 8
Limitations of the Study 9
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 Introduction 10
2.2 Concept of Environmental Accounting 10
2.2.1 Sustainable Development 13
2.2.3 Sustainable Development and Performance of Manufacturing Firms 15
2.2.4 Applications of Environmental Accounting 15
2.2.5 Importance of Accounting for Environmental Effects 17
2.2.6 Institutions Involved In Identifying Environmental Problems in Nigeria 18
2.2.7 Some Major Efforts towards Achieving Sustainable Development 20
2.2.8 Trade-Offs Between Positive and Negative Screenings 21
2.2.9 Trade-Offs Between Environmental and Corporate Performance Criteria 22
2.2.10 Trade-Offs Between Past, Current, and Future Performance 23
2.2.11 Trade-Offs Between What Can Be Measured and What Should Be Measured 24
2.3 Theoretical Framework 25
2.3.1 Resource Dependence Theory 25
2.3.2 External Financial Reporting Theory 27
2.3.3 Physical Approach 28
2.3.4 Monetary Approach 28
2.4 Empirical Review 28
CHAPTER THREE:RESEARCH METHODOLOGY
3.1 Research Design 38
3.2 Population of the Study 38
3.3 Sample Size and Sampling Techniques 39
3.4 Sources of Data 39
3.5 Data Analysis Technique 40
3.6 Definition of Variables 40
3.6.1 Independent Variables 40
3.6.2 Dependent Variable 41
3.7 Model Specification 41
3.8 Limitation of the Methodology 42
CHAPTER FOUR: ~ATA PRESENTATION AND ANALYSIS
4.1 Data Presentation 43
4.2 Data Analysis 43
4.2.1 Data Validity Test 44
4.2.2 Descriptive Statistics 45
4.2.3 Regression of the Estimated Model Summary 46
4.2.4 Regression Results 48
4.3 Test of Research Hypotheses 49
4.3.1 Test of Research Hypothesis One 49
4.3.2. Test of Research Hypothesis Two 49
4.4 Discussion of Findings 50
vii
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings
5.2 Conclusions 52
5.3 Recommendations 53
5.4 Suggestions for Further Research 53
REFERENCES
APPENDICES
NDUKA, O (2021). Effect Of Environmental Accounting On The Profitability Of Firms In Nigeria: A Study Of Listed Firms In The Nigerian Stock Exchange. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-profitability-of-firms-in-nigeria-a-study-of-listed-firms-in-the-nigerian-stock-exchange-7-2
OLANMA, NDUKA. "Effect Of Environmental Accounting On The Profitability Of Firms In Nigeria: A Study Of Listed Firms In The Nigerian Stock Exchange" Mouau.afribary.org. Mouau.afribary.org, 01 Mar. 2021, https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-profitability-of-firms-in-nigeria-a-study-of-listed-firms-in-the-nigerian-stock-exchange-7-2. Accessed 30 Oct. 2024.
OLANMA, NDUKA. "Effect Of Environmental Accounting On The Profitability Of Firms In Nigeria: A Study Of Listed Firms In The Nigerian Stock Exchange". Mouau.afribary.org, Mouau.afribary.org, 01 Mar. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-profitability-of-firms-in-nigeria-a-study-of-listed-firms-in-the-nigerian-stock-exchange-7-2 >.
OLANMA, NDUKA. "Effect Of Environmental Accounting On The Profitability Of Firms In Nigeria: A Study Of Listed Firms In The Nigerian Stock Exchange" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-profitability-of-firms-in-nigeria-a-study-of-listed-firms-in-the-nigerian-stock-exchange-7-2