Moderating Role of Firm Size on Carbon Accounting and Financial Performance of Listed Firms in Nigeria (Published)
This study investigates corporate carbon accounting and financial performance of listed manufacturing firms in Nigeria. The study used quantitative research design and data were collected from primary and secondary sources. The primary data comprised of structured questionnaire from a sample of 312 accountants in listed manufacturing firms in Nigeria. Data collected from the respective respondents were analysed by applying structural equation modelling through the employment of SmartPLS version 4. The findings from the data analysis suggested a positive and insignificant relationship between scope of carbon emissions, emission sources, emission categories and emission factors positively and insignificantly impact on return on assets of listed manufacturing firms in Nigeria. Also reporting boundaries and firm size negatively and insignificantly influence return on assets. On the basis of the findings, the study concluded that carbon emission accounting influences the financial performance of listed manufacturing firms in Nigeria. Hence, the study recommended amongst others that managers of listed manufacturing firms should consider carbon mitigation strategies seriously since carbon emissions negatively influence shareholder value. This means that managers can enhance shareholders’ value by undertaking emission abatement policies to boost their financial and market performance.
Keywords: Carbon Accounting, Emission Sources and Factors, Financial Performance