EFFECT OF ENVIRONMENTAL ACCOUNTING ON THE PROFITABILITY OF CEMENT
MANUFACTURING FIRMS IN NIGERIA

Chidinma Ezeigbo 1 , J.U.B. Azubike 2 , Edwin Fashola 3
Department of Accounting, College of Management Sciences, Michael Okpara University of
Agriculture, Umudike, Abia State, Nigeria.
1 chidinmaezeigbo@yahoo.com
2 jubelazubike@yahoo.com
3 edwinfash@yahoo.com

Abstract
The study examined the extent of relationship existing between environmental cost and profitability of firms
in the cement companies in Nigeria. The Leverage Cement Plc. was used as a case study. The researcher
used secondary data collected from the annual report of the company from 2009 to 2018. Data collected were analysed using correlation and regression technique. Four variables where used to represent
profitability. These are; net profit margin, dividend per share, earnings per share, and profit after tax.
While environmental cost was represented by environmental cost. The study revealed that there is a
significant positive relationship existing between environmental cost and earnings per share while
environmental accounting has no significant relationship with net profit margin, dividend per share and
profit after tax. The management of cement companies are encouraged to develop a well-articulated
environmental cost system as it has a positive relationship with its profitability.
Key words: Environmental cost, profitability,earnings per share, dividend per share, net profit margin.

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