Effect Of Environmental Costs Disclosure On The Financial Performance Of Quoted Oil And Gas Companies In Nigeria
ABSTRACT
This study examines the effects of
environmental cost disclosure on the financial performance of quoted oil and
gas companies in Nigeria. The research work reviewed data and other related
literature between 2006 and 2015. Data on environmental cost were collected to
measure waste management cost (WMC) and environmental taxes and fines (ETF)
respectively. While data on financial performance proxies were return on assets
(ROA), earnings per share (EPS) and return on capital employed (ROCE). Multiple
regression analysis was used to analyse the data, employing the f-statistics to
measure overall variables significance, r-square to determine the explanatory
strength and power of all independent variables on the dependent variables, and
Durbin Watson formula to determine autocorrelation amongst the variables.
Results are significant at 5% level of significance and it shows that there is
a significant positive relationship between the environmental cost and
financial performance of firms. Findings also revealed that adequate disclosure
on environmental cost, compliance to corporate environmental regulations have
positive significance on financial performance. Thus the study recommended
regulatory enforcement for adequate environmental cost disclosure and proper
reporting.
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CHIEDOZIE, M (2021). Effect Of Environmental Costs Disclosure On The Financial Performance Of Quoted Oil And Gas Companies In Nigeria . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-the-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2
MARTINA, CHIEDOZIE. "Effect Of Environmental Costs Disclosure On The Financial Performance Of Quoted Oil And Gas Companies In Nigeria " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-the-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2. Accessed 26 Nov. 2024.
MARTINA, CHIEDOZIE. "Effect Of Environmental Costs Disclosure On The Financial Performance Of Quoted Oil And Gas Companies In Nigeria ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 22 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-the-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2 >.
MARTINA, CHIEDOZIE. "Effect Of Environmental Costs Disclosure On The Financial Performance Of Quoted Oil And Gas Companies In Nigeria " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-the-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2