Environmental Cost Reporting and Performance of Nigerian Oil and Gas Downstream
Publication Date: 27/04/2021
Author(s): Giami Isaac Baribefe.
Volume/Issue: Volume 4 , Issue 2 (2021)
Abstract:
This research work examined the relationship between environmental cost reporting and performance of Nigerian oil and gas downstream companies quoted on the Nigerian stock exchange for the period 2011 to 2020. The study adopted historical data design and census sampling techniques was used in studying the entire population. Four hypotheses were tested using multiple regression analyses with the help of ordinary least square and the findings revealed that, amount spent on waste management /remediation has a negative and insignificant relationship with growth in sales volume as well as return on asset. Amount spent on compensation also has negative and insignificant relationship with both growth in sales volume and return on assets. It was however recommended that oil and Gas companies continue to manage their waste and include community development in their decision making in line with global best practices to keep them socially acceptable as these will ensure a symbiotic relationship among the various stakeholders.
Keywords:
Environmental Accounting, Firms’ Performance, Waste Management, Remediation Cost, Growth in Sales Volume.
