Abstract: There has been a long-standing debate on the significance of environmental investments and their effect on firm performance. In line with this, the primary objective of this research is to ascertain the relationship between environmental investments and financial performance in Nigerian consumer services sector firms. The study obtained data from the annual financial statements of the consumer firms listed on the Nigerian stock Exchange fact-book 2016-2020. Descriptive analysis was used to explain the variables applied and panel regression analysis was used to find out if there exists a relationship between employee benefits, staff training cost, donations (proxies for environmental investments) and financial performance (represented by return on assets). The results from the study reveal that donation and staff training cost both have negative..........
Key words: Donations, Employee Benefits, Environmental investments, Performance, Return on assets, Staff training,
[1]. Ahmed, M. N, Saheed Z. O & Olugbenga K () Corporate Social Responsibility Disclosure and Financial Performance of Listed Manufacturing Firms in Nigeria. ISSN (Paper)2222-1697, 7(4) 2016
[2]. Appah, E. (2011). A Study of Social Accounting Disclosure in the Annual Reports of Nigerian Companies. Asian Journal of Business Management, 3 (3), 145 - 151.
[3]. Ajayi, M. I & Opusunju, M. I (2016). Impact of corporate governance of corporate social responsibility of Dangote group of companies in Nigeria. ISSN: 2349-5677, 2 (10), March 2016
[4]. Artiach, T., Lee, D., Nelson, D. and Walker, J. (2010) The Determinants of Corporate Sustainability Performance. Accounting and Finance, 50, 31-51.
[5]. Aupperle, K., Carrol, A. & Hatfield, J. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of Management Journal, 28, 446-463
