Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria

Olayemi Oluwadamilola Amosun; Sunday Ajao Owolabi; Olajire Aremu Odunlade

doi:doi:10.11648/j.jfa.20221003.12

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Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria

Olayemi Oluwadamilola Amosun, Sunday Ajao Owolabi, Olajire Aremu Odunlade

Published in Journal of Finance and Accounting (Volume 10, Issue 3)

Received: 20 May 2022 Accepted: 6 June 2022 Published: 14 June 2022

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Abstract

Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of companies on social and environmental matters. This paper studied the relationship between social and environmental accounting and performance of banking companies quoted in Nigeria, using ex-post-facto research design, while the total enumeration sampling technique was used in the selection of the 13 banking companies for a period of 10 years from 2011 - 2020. Descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that social and environmental accounting had a considerable impact on the return on capital employed (ROCE) of Nigerian banking organizations (Adj R² = 0.0367, F-Stat = 14.34, p = 0.0008) While the effect of social and environmental accounting disclosure on return on capital employed (ROCE) of Nigerian banking enterprises is moderated by firm size (ΔAdj R² = 0.1391, F-Stat = 7.95, p = 0.0001). According to the findings, social and environmental accounting has a substantial impact on the performance of Nigerian financial organizations. The study recommended that policies be made for the mandatory disclosure of social and environmental accounting information in the financial statement of firms.

Published in	Journal of Finance and Accounting (Volume 10, Issue 3)
DOI	10.11648/j.jfa.20221003.12
Page(s)	160-167
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Social Accounting, Environmental Accounting, Performance, Return on Capital Employed, Banking Companies

References

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APA Style

Olayemi Oluwadamilola Amosun, Sunday Ajao Owolabi, Olajire Aremu Odunlade. (2022). Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria. Journal of Finance and Accounting, 10(3), 160-167. https://doi.org/10.11648/j.jfa.20221003.12

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ACS Style

Olayemi Oluwadamilola Amosun; Sunday Ajao Owolabi; Olajire Aremu Odunlade. Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria. J. Finance Account. 2022, 10(3), 160-167. doi: 10.11648/j.jfa.20221003.12

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AMA Style

Olayemi Oluwadamilola Amosun, Sunday Ajao Owolabi, Olajire Aremu Odunlade. Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria. J Finance Account. 2022;10(3):160-167. doi: 10.11648/j.jfa.20221003.12

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@article{10.11648/j.jfa.20221003.12,
  author = {Olayemi Oluwadamilola Amosun and Sunday Ajao Owolabi and Olajire Aremu Odunlade},
  title = {Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria},
  journal = {Journal of Finance and Accounting},
  volume = {10},
  number = {3},
  pages = {160-167},
  doi = {10.11648/j.jfa.20221003.12},
  url = {https://doi.org/10.11648/j.jfa.20221003.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20221003.12},
  abstract = {Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of companies on social and environmental matters. This paper studied the relationship between social and environmental accounting and performance of banking companies quoted in Nigeria, using ex-post-facto research design, while the total enumeration sampling technique was used in the selection of the 13 banking companies for a period of 10 years from 2011 - 2020. Descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that social and environmental accounting had a considerable impact on the return on capital employed (ROCE) of Nigerian banking organizations (Adj R2 = 0.0367, F-Stat = 14.34, p = 0.0008) While the effect of social and environmental accounting disclosure on return on capital employed (ROCE) of Nigerian banking enterprises is moderated by firm size (ΔAdj R2 = 0.1391, F-Stat = 7.95, p = 0.0001). According to the findings, social and environmental accounting has a substantial impact on the performance of Nigerian financial organizations. The study recommended that policies be made for the mandatory disclosure of social and environmental accounting information in the financial statement of firms.},
 year = {2022}
}

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TY  - JOUR
T1  - Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria
AU  - Olayemi Oluwadamilola Amosun
AU  - Sunday Ajao Owolabi
AU  - Olajire Aremu Odunlade
Y1  - 2022/06/14
PY  - 2022
N1  - https://doi.org/10.11648/j.jfa.20221003.12
DO  - 10.11648/j.jfa.20221003.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 160
EP  - 167
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20221003.12
AB  - Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of companies on social and environmental matters. This paper studied the relationship between social and environmental accounting and performance of banking companies quoted in Nigeria, using ex-post-facto research design, while the total enumeration sampling technique was used in the selection of the 13 banking companies for a period of 10 years from 2011 - 2020. Descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that social and environmental accounting had a considerable impact on the return on capital employed (ROCE) of Nigerian banking organizations (Adj R2 = 0.0367, F-Stat = 14.34, p = 0.0008) While the effect of social and environmental accounting disclosure on return on capital employed (ROCE) of Nigerian banking enterprises is moderated by firm size (ΔAdj R2 = 0.1391, F-Stat = 7.95, p = 0.0001). According to the findings, social and environmental accounting has a substantial impact on the performance of Nigerian financial organizations. The study recommended that policies be made for the mandatory disclosure of social and environmental accounting information in the financial statement of firms.
VL  - 10
IS  - 3
ER  -

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Author Information

Olayemi Oluwadamilola Amosun

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Sunday Ajao Owolabi

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Olajire Aremu Odunlade

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria

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APA Style

Olayemi Oluwadamilola Amosun, Sunday Ajao Owolabi, Olajire Aremu Odunlade. (2022). Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria. Journal of Finance and Accounting, 10(3), 160-167. https://doi.org/10.11648/j.jfa.20221003.12

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ACS Style

Olayemi Oluwadamilola Amosun; Sunday Ajao Owolabi; Olajire Aremu Odunlade. Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria. J. Finance Account. 2022, 10(3), 160-167. doi: 10.11648/j.jfa.20221003.12

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AMA Style

Olayemi Oluwadamilola Amosun, Sunday Ajao Owolabi, Olajire Aremu Odunlade. Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria. J Finance Account. 2022;10(3):160-167. doi: 10.11648/j.jfa.20221003.12

Copy | Download

@article{10.11648/j.jfa.20221003.12,
  author = {Olayemi Oluwadamilola Amosun and Sunday Ajao Owolabi and Olajire Aremu Odunlade},
  title = {Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria},
  journal = {Journal of Finance and Accounting},
  volume = {10},
  number = {3},
  pages = {160-167},
  doi = {10.11648/j.jfa.20221003.12},
  url = {https://doi.org/10.11648/j.jfa.20221003.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20221003.12},
  abstract = {Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of companies on social and environmental matters. This paper studied the relationship between social and environmental accounting and performance of banking companies quoted in Nigeria, using ex-post-facto research design, while the total enumeration sampling technique was used in the selection of the 13 banking companies for a period of 10 years from 2011 - 2020. Descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that social and environmental accounting had a considerable impact on the return on capital employed (ROCE) of Nigerian banking organizations (Adj R2 = 0.0367, F-Stat = 14.34, p = 0.0008) While the effect of social and environmental accounting disclosure on return on capital employed (ROCE) of Nigerian banking enterprises is moderated by firm size (ΔAdj R2 = 0.1391, F-Stat = 7.95, p = 0.0001). According to the findings, social and environmental accounting has a substantial impact on the performance of Nigerian financial organizations. The study recommended that policies be made for the mandatory disclosure of social and environmental accounting information in the financial statement of firms.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Social and Environmental Accounting and Performance of Banking Companies Quoted in Nigeria
AU  - Olayemi Oluwadamilola Amosun
AU  - Sunday Ajao Owolabi
AU  - Olajire Aremu Odunlade
Y1  - 2022/06/14
PY  - 2022
N1  - https://doi.org/10.11648/j.jfa.20221003.12
DO  - 10.11648/j.jfa.20221003.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 160
EP  - 167
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20221003.12
AB  - Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of companies on social and environmental matters. This paper studied the relationship between social and environmental accounting and performance of banking companies quoted in Nigeria, using ex-post-facto research design, while the total enumeration sampling technique was used in the selection of the 13 banking companies for a period of 10 years from 2011 - 2020. Descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that social and environmental accounting had a considerable impact on the return on capital employed (ROCE) of Nigerian banking organizations (Adj R2 = 0.0367, F-Stat = 14.34, p = 0.0008) While the effect of social and environmental accounting disclosure on return on capital employed (ROCE) of Nigerian banking enterprises is moderated by firm size (ΔAdj R2 = 0.1391, F-Stat = 7.95, p = 0.0001). According to the findings, social and environmental accounting has a substantial impact on the performance of Nigerian financial organizations. The study recommended that policies be made for the mandatory disclosure of social and environmental accounting information in the financial statement of firms.
VL  - 10
IS  - 3
ER  -

Copy | Download