Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
Impact of Environmental and Corporate Social Responsibility Accounting on Organizational Financial Performance: Evidence from Selected Listed Firms in Nigeria Stock Exchange
by Omodero Cordelia Onyinyechi and Prof. J.U. Ihendinihu

Abstract:
The study examined the impact of environmental and corporate social responsibility accounting on organizational financial performance of firms in Nigeria. The study was also arranged to determine the extent to which firms? PAT affects the CSR, EMC and the PBC. The research design employed was exploratory research design. Time series data which comprises CSR, EMC, PBC and PAT of quoted firms in the NSE were the secondary data used. Statistical tools of Multiple Linear Regression and student t-test were used for the analysis. The regression model was estimated through the use of statistical package for social sciences (SPSS).The three null hypotheses used in this study were tested at 5% level of significance. The result obtained showed no impact and a negative impact for CSR and EMC on PAT respectively. While the PBC has a positive impact on PAT. The p-value for CSR and EMC is not significant while PBC is highly significant. The F-test showed a good fit for the model. The study therefore concludes that firms? expenditure to environmental and social issues are not proportionate to their financial performance as represented by PAT. Therefore CSR and environmental maintenance should be a matter of concern to both the Government, NGOS and firms at large.

Keywords: environmental maintenance cost, corporate social responsibility, personnel benefit cost, profit after tax, firms, financial performance and Nigeria

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