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Impact of Environmental and Social Costs on Performance of Nigerian Manufacturing Companies

Author

Listed:
  • Agbiogwu A. A.
  • Ihendinihu J. U.
  • Okafor M. C.

Abstract

This study examines the impact of environmental and social costs on performance of Nigerian manufacturing companies. With the use of secondary data, sourced from ten (10) randomly selected firms¡¯ annual report and financial summary 2014. The study makes use of t- test of Spss version 20 for the analysis of collected data. Finding from the analysis shows that the sample companies environmental and social cost significantly affect Net profit margin, Earnings per share and Return on capital employed of manufacturing companies. The researchers recommended that government should ensure complete adherence of environmental laws by manufacturing companies in Nigeria.

Suggested Citation

  • Agbiogwu A. A. & Ihendinihu J. U. & Okafor M. C., 2016. "Impact of Environmental and Social Costs on Performance of Nigerian Manufacturing Companies," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(9), pages 173-180, September.
    • Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:9:p:173-180
    as

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    References listed on IDEAS

    as
    1. Wiseman, Joanne, 1982. "An evaluation of environmental disclosures made in corporate annual reports," Accounting, Organizations and Society, Elsevier, vol. 7(1), pages 53-63, January.
    2. Colin Dey, 2007. "Social accounting at Traidcraft plc," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 20(3), pages 423-445, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    companies annual reports; environmental cost; social cost; manufacturing;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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