ENVIRONMENTAL ACCOUNTING AND FINANCIAL PERFORMANCE OF LISTED COMPANIES IN NIGERIA: A REVIEW APPROACH

Abstract

This conceptual paper reviewed prior studies on environmental accounting and financial performance of listed companies in Nigeria, the objective of the paper is to review previous studies that were written on environmental accounting and financial performance mainly on the listed companies in Nigeria across sectors of the economy. The focus was on the fundamental areas of the previous studies comprising of the concept’s reviews, constructs and frameworks used, methodology, theories adopted and the outcome as findings of the studies. After a through reviewed of the available studies few studies were conducted in the area of environmental accounting in Nigeria and most of the studies review’s concepts relevant to the field of environmental accounting and financial performance, meanwhile, the constructs ad frameworks used were in consonance with what other global studies focus on in the developed world. However, the methods, theories are dominated by legitimacy, stakeholder and agency theories and regression analysis. The findings reveals that most of the studies are reporting either significant or insignificant positive or negative relationships between the independent variables and dependent variables and to some extend shows variation in results. On this note, this study recommends that more need to be done in the area of environmental accounting in Nigeria and future researchers who wish to conduct researches in this area should incorporate mediating/moderating variable to their studies.