Effect of Sustainability Accounting and Reporting on Financial Performance of Firms in Nigeria Brewery Sector

Abstract

This paper evaluates the effect of sustainability accounting on the financial performance of listed manufacturing firms in Nigeria. Firms used for the study were chosen from the Nigerian brewery sector. Data were sourced from the financial statements of three sampled firms. Data were analysed using the ordinary linear regression.  The study reveals that sustainability reporting has   positive and significant effect on financial performance of firms studied. Following the findings, the study recommends that firms in Nigeria should invest reasonable amount of their earnings on sustainability activities while specific accounting templates be articulated by professional accounting regulating bodies to guide firms’ reportage on sustainability activities. The Financial Reporting Council of Nigeria (FRC) and others alike should make sustainability reporting compulsory while adequate sanctions are spelt out and enforced on defaulting organizations to serve as a deterrent

Keywords: Financial Performance, Nigeria, Return on Assets, Return on Equity, sustainability accounting


Article Review Status: Published

Pages: 1-15 (Download PDF)

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