Effect of Triple Bottom Line Accounting on Financial Performance of Listed Manufacturing Firms of Consumer Goods Product in Nigeria

This study examines effect of Triple Bottom Line Accounting on Financial Performance of Listed Manufacturing Firms of consumer goods products in Nigeria. The sample comprises of 21 manufacturing firms listed on the Nigerian stock exchange (NSE), covering the period of 2013 to 2017 five years. The combination of 21 firms for a five year period provides a balanced panel of observations to analyzed using a cross-sectional and ex-post facto research design. Triple Bottom Line Accounting measures are Economic cost (fund employed), Social cost (education tax), and Environmental cost. Financial Performance measure is Earnings per Share. The postulated Hypotheses is tested, using ordinary least square method of Multiple Regression Analysis. The empirical results states that, the r-squared of 0.78 suggest that our regression model which regressed Triple Bottom Line Accounting indicators on Financial Performance of Listed Manufacturing Firms of Consumer Goods Product in Nigeria is well-fitted. The outcome is 78% and the probability value of f-statistics is significant at 1% supporting the credibility of the regression equation. This shows the ability of the selected explanatory variables to predict more than half of the changes that occur in the Financial Performance of manufacturing firms of consumer goods product in Nigeria. Based on the findings, we recommend that government, as the main custodian and protector of the society and the environment should help put in place some guideline for manufacturers to contribute to their environment and the society at large.