The Impact of Strategic Management Accounting on Corporate Sustainability in Nigerian Banks

  • Omowunmi Jumoke, Ogunleye Department of Accounting, University of Lagos, Akoka, Nigeria
  • Gabriel Damilola, Fagboro Department of Accounting, University of Lagos, Akoka, Nigeria
  • David Olusanjo, Oparinde University of Lagos, Akoka, Nigeria
Keywords: strategic management accounting, economic sustainability, social sustainability, environmental sustainability, corporate sustainability, Nigerian banks


The banking sector is a core element of any nation and, the need for banks to operate in a manner that will ensure their continued relevance and sustainability cannot be over-emphasized. This study investigates the Strategic Management Accounting (SMA) practices of Nigerian Banks with the aim to assess their impact on corporate sustainability. The specific objectives of the study were to evaluate the impact of SMA usage by the banks on their Economic, Social and Environmental sustainability. The study adopted a survey research design to obtain data from 102 accounts and finance personnel of fourteen commercial banks in Nigeria. Descriptive statistics, correlation and regression techniques were applied to analyze the data. The results showed that SMA usage by Nigerian Banks has a strong and positive relationship and also a significant impact on the economic, environmental and social sustainability. Usage of SMA also had a significant impact on the overall sustainability of the Banks. It is recommended that banks’ management teams key into the usefulness of SMA as a meaningful internal reporting tool that aids the quantitative and qualitative evaluation of performances. SMA usage is also recommended because it will provide a means for banks to assess the economic, social and environmental impact of their activities so that they can focus on measures that fosters sustainability.


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How to Cite
Ogunleye, O. J., Fagboro, G. D., & Oparinde, D. O. (2021). The Impact of Strategic Management Accounting on Corporate Sustainability in Nigerian Banks. Global Journal of Accounting, 7(1), 69-79. Retrieved from