Triple Bottom Line Accounting And Sustainable Corporate Performance

摘要

The paper seeks to establish the nexus between triple bottom line accounting and sustainable corporate performance management. To achieve the above objective, research questions were raised, hypotheses were formulated, and a review of related literature was made. The descriptive survey method of research design was employed to generate the required data. The population of the study was determined as fifty-six, representing registered chartered accountants in Awka district, Ananbra State Capital in Nigeria. The primary data were collected through a structured five point likert scale questionnaire. The data were presented and analyzed using frequencies tables and percentages while the formulated hypotheses were tested using multiple regression analysis with the aid of SPSS version 20. Our findings indicated that the implementation of triple bottom line accounting methodologies in organizations would enable the identification, measurement and allocation of environmental and social costs pertaining to the activities of the organization. Based on this, it was recommended that corporations should implement triple bottom line accounting methodologies to enable them identify, measure and allocate environmental and social costs; and also, provide managers with strategies and techniques for managing performance across the three dimensions. Also by enabling the identification of products with greater environmental and social costs, the profitability of the enterprise could be measured. From a policy perspective the development of triple bottom line accounting, within national, industry and firm-level context to guide corporate managers in determining operating costs of business.