Moderating Effect of Social and Environmental Accounting on the Performance of Nigeria Breweries Manufacturing Firm
Keywords:
Corporate Social Responsibility, Environmental Accounting, Profitability, Social CostAbstract
The study examined the effect of social and environmental costs on the performance of manufacturing firms in Nigeria using Nigeria Breweries as a case study. Variables such as profit after tax, earnings per share, dividend per share, and return on assets in Nigeria breweries was tested against social and environmental cost. With the present regulations on management in Nigeria, manufacturing companies are subjected to comply with the social regulations. By so doing, they incur costs; whether this cost improves or reduces financial performance is the central question that will be explored by this research. The ex post facto research design was adopted. The hypotheses were analyzed using linear regression for all the variables considered, and this gave various results. For the observation of the PAT on SC, we had that the correlation strength was 0.489, which is considered to be positive but weak. And the p-value was greater than 0.05, so we accepted the null hypothesis that stated that there is no significant effect of social cost on profit after tax. This study analyzed the annual report of Nigerian breweries and concluded that Nigerian Brewery should consider the environments where their various companies are and play a major role in enhancing the lives and properties of the indigenes of the locations.
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