IMPACT OF ENVIRONMENTAL ACCOUNTING ON PERFORMANCE OF LISTED INDUSTRIAL GOODS COMPANIES IN NIGERIA

The study examined the impact of environmental accounting on the performance of listed industrial goods firms in Nigeria. The study adopted the ex-post research design and data was collected from the Nigerian Exchange Group Plc website. Descriptive analysis was used to summarize the data while the panel least squares regression was used to draw inference on the phenomenon studied. The result from the inferential statistics revealed that that environmental remediation cost has positive and significant effect on the performance of listed industrial goods companies in Nigeria. Furthermore, the study revealed that community development cost has negative and significant impact on the performance of listed industrial goods companies in Nigeria. Nevertheless, the result of the study revealed that employee health, safety, and welfare costs have no significant positive impact on the performance of listed industrial goods companies in Nigeria. The study concluded that environmental accounting has impact on performance of listed industrial goods firms in Nigeria. The study recommended that Industrial goods firms should sustain the current financing on environmental remediation to sustain investors’ confidence, especially socially responsible investors.