NEXUS OF ENVIRONMENTAL ACCOUNTING AND BUSINESS OBJECTIVES: A STUDY OF CONGLOMERATE COMPANIES IN NIGERIA
Emeneka, Ogochukwu L.
Department of Accountancy
Nnamdi Azikiwe University, Awka
Mail: o.emeneka@unizik.edu.ng
Abstract
The study determined the nexus between environmental accounting and business objectives. The study made use of Ex-Post Facto research design. The population of the study is companies quoted under the conglomerate section of the Nigerian stock Exchange [NSE]. Secondary data was obtained from annual financial reports of the companies. The study findings revealed that there is a relationship between environmental performance disclosure and the survey [PAT] of firms, environmental performance disclosure and the growth [REV] of firms. However, no relationship was found between environmental performance disclosure and profitability [ROA]. Based on this, the study recommends the following among others, that corporations should embed environmental accounting as part of their corporate accounting information system and the development and use of guidelines by policy regulators/makers for standardizing the practice.
Keywords: Environment Performance Disclosure, Business Objectives and Growth
Emeneka, O.L (2022). Nexus of Environmental Accounting and Business Objectives: A Study of Conglomerate Companies in Nigeria. International Journal of Advanced Academic Research, 8(2), 1-10. Available online at: https://www.ijaar.org/articles/v8n2/sms/ijaar-v8n2-Feb22-8201.pdf
