GREEN SUPPLY CHAIN MANAGEMENT AND ITS EFFECT ON THE FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS IN ENUGU STATE

Nwankwo, S.N.P (2023) GREEN SUPPLY CHAIN MANAGEMENT AND ITS EFFECT ON THE FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS IN ENUGU STATE. British International Journal of Applied Economics, Finance and Accounting, 7 (5). pp. 68-86. ISSN 2234-2418

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Abstract

This study evaluated green supply chain management and its effect on the financial performance of manufacturing firms in Enugu state. Specifically, the objectives sort to determine the effect of green purchasing on the profitability of manufacturing firms in Enugu state and to examine the effect of green packaging on the revenue of manufacturing firms in Enugu state. A total population of one thousand five hundred and forty-two (1542), staff was used. The sample size of 308, using Freund and William's statistic formula at 5 percent margin of error. The data were analyzed and presented in frequency and percentage tables. Regression statistical tools was used to test the hypotheses with the aid of SPSS Version 26. The results of the study revealed that green purchasing does have significant effect on the profitability of manufacturing firms in Enugu state (f = 82.123, t = 19.062, p = .000 < 0.05) and that green packaging does have significant effect on the revenue of manufacturing firms in Enugu state (f = 263.167, t = 16.222, p = .000 < 0.05). It was concluded that through the integration of environmentally sustainable procurement practices, firms are able to streamline resource usage, reduce operational costs, and bolster efficiency. The impact of green packaging on the revenue of manufacturing firms highlights that consumers are increasingly drawn to products packaged with sustainability in mind. It was recommended that firms should collaborate closely with suppliers who share a commitment to sustainable practices and Educate consumers about the environmental benefits of choosing products from companies that prioritize sustainability.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 12 Jan 2024 08:23
Last Modified: 12 Jan 2024 08:23
URI: http://eprints.gouni.edu.ng/id/eprint/4223

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