LASU Journal of Management Sciences
Published March 14, 2026 | Version v1
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Empirical Analysis of Sustainable Green Accounting Practices and Firm Performance of Listed Agro-Allied Firms in Nigeria

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Abstract 
This study investigates the impact of sustainable green accounting practices specifically green 
pollution control cost, soil degradation control cost, and climate change control cost on the 
performance of listed agro-allied firms in Nigeria. The study is motivated by growing global 
emphasis on environmental sustainability and the implementation of the Sustainable Development 
Goals (SDGs), which have heightened awareness of environmental accountability in Sub-Saharan 
Africa and Nigeria. Unethical environmental practices such as soil degradation, excessive 
pollution, and poor climate management continue to undermine sustainability efforts due to weak 
regulatory frameworks and ineffective policy enforcement. The study population comprises five 
agro-allied firms listed on the Nigerian Exchange Group (NGX) as of December 31, 2023. A panel 
dataset spanning the period 2012–2023 was obtained from the firms’ audited annual reports. The 
data were subjected to time series analysis, with descriptive statistics employed to summarize key 
variables and the Dynamic Ordinary Least Squares (DOLS) regression technique applied to 
examine the long-run relationship between sustainable green accounting practices and firm 
performance. Findings indicate that green pollution control has a positive and significant effect 
on firm performance. Soil degradation control and climate change control also exhibit positive 
and significant effects on firm performance, suggesting that proactive environmental management 
enhances operational efficiency and long-term profitability. The study concludes that sustainable 
green accounting practices are pivotal for both environmental protection and financial 
sustainability in the agro-allied sector. It recommends that firms should adopt technology-driven 
green strategies, integrate environmental cost accounting systems, and disclose their 
sustainability activities transparently in financial statements.  
Keywords: Sustainable Green Accounting Practices, Firm Performance, Pollution Control, Soil 
Degradation, Climate Change, Agro-Allied Firms 

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