Social And Environmental Accounting On Corporate Performance Essay
IMPACT OF SOCIAL AND ENVIRONMENTAL ACCOUNTING ON CORPORATE PERFORMANCE (A STUDY OF PZ CUSSONS PLC)
ABTRACT
One of the contemporary issues in the business world is all about the companies’ interaction with its proximate and remote society where it operates in relation to its corporate social responsibility. It is against this background that this study on the impact of social and environmental accounting on corporate performance was undertaken. Ex-post facto research design was employed and time series data sourced from PZ Cussons PLC Annual Report was analyzed using simple regression inferential statistics. The result obtained revealed that social and environmental accounting has no significant impact on the corporate performance of
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Improved Environmental Cost (EA) is seen by corporate managers and environmental advocates alike as a necessary complement to improve environmental decision making within the private sector. Whether the goal is pollution prevention or some broader notion of “corporate sustainability” there is a widespread belief that sound environmental accounting will help firms identify and implement financially desirable environmental innovations. More so, environmental regulations is evolving toward public policies that rely to a much greater extent on the collection and reporting of environmental …show more content…
1 Regression 2422563.408 1 2422563.408 .006 .941(a) Residual 1119469436.592 3 373156478.864 Total 1121892000.000 4 a Predictors: (Constant), SC b Dependent Variable: PAT
Coefficients(a)
Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta B Std. Error
1 (Constant) 58173.282 29428.864 1.977 .143 SC 7.026 87.205 .046 .081 .941 a Dependent Variable: PAT
Residuals Statistics(a)
Minimum Maximum Mean Std. Deviation N
Predicted Value 59459.1133 61503.7969 60440.0000 778.22931 5
Residual -21950.96289 20440.88672 .00000 16729.23666 5
Std. Predicted Value -1.260 1.367 .000 1.000 5
Std. Residual -1.136 1.058 .000 .866 5 a Dependent Variable: PAT
APPENDIX 3
Regression result of the impact of social and environmental accounting on returns on capital employed Variables Entered/Removed(b)
Model Variables Entered Variables Removed Method
1 SC(a) . Enter a All requested variables entered. b Dependent Variable: ROCE Model Summary(b)
Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson
1 .068(a) .005 -.327 2113.988 1.786 a Predictors: (Constant), SC b Dependent Variable:
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