GREEN FINANCING AND CORPORATE PERFORMANCE IN SOUTHEAST NIGERIA: AN APPRAISAL OF NIGERIAN BREWERIES PLC

Abstract

This study investigated the relationship between green financing and corporate performance in Southeast Nigeria, using Nigerian Breweries Plc as a case study. Specifically, leverage and activity ratios were examined as independent variables, while financial performance served as the dependent variable. A survey research design was employed, and data were gathered through a structured questionnaire comprising both multiple-choice and open-ended questions. The analysis was conducted using SPSS version 28.0, with Chi-square (χ²) tests used to test the hypotheses. Findings revealed that leverage ratio had a statistically significant effect on financial performance, with a Chi-square value of 35.752 exceeding the critical value of 3.45. Similarly, the activity ratio showed a significant effect on financial performance, with a Chi-square value of 19.922, also above the critical threshold. Based on these findings, corporate organizations such as Nigeria Breweries are encouraged to incorporate green financing into their financial planning and decision-making processes. Optimizing the leverage structure can maximize financial performance while accounting for environmental impacts. Additionally, firms should actively invest in sustainable initiatives that enhance operational efficiency and overall profitability, aligning financial strategies with environmental responsibility.