Erschienen in:
International Journal of Management Studies and Social Science Research, 6 (2024) 2, Seite 104-116
Sprache:
Nicht zu entscheiden
DOI:
10.56293/ijmsssr.2024.4911
ISSN:
2582-0265
Entstehung:
Anmerkungen:
Beschreibung:
This study investigates the impact of environmental accounting on the financial performance of quoted deposit money banks in Nigeria. The sample consisted of 14 banks, which were selected using census sampling techniques. A random effect regression model was used to test the hypotheses after conducting diagnostic tests. The results indicate that environmental conservative cost disclosure has a significant positive effect on return on assets, while environmental compliance cost disclosure has an insignificant positive effect on return on assets. Additionally, community development cost disclosure has an insignificant negative effect on return on assets. The study suggests that deposit money banks in Nigeria should prioritize environmental conservative cost disclosure in their financial reporting and continue to comply with environmental regulations by disclosing their environmental compliance costs to improve their financial performance. In summary, the lack of clarity on environmental accounting practices can lead to information gaps for responsible financiers and investors. The study recommends specific actions for Nigerian banks to enhance their sustainability reporting and ultimately improve their financial performance.