Asian Journal of Economics, Business and Accounting, ISSN: 2456-639X,Vol.: 8, Issue.: 1
Oil Companies Performance and Environmental Accounting Reporting in Nigeria
Umoren, Adebimpe Otu1*, Akpan, Moses Okon1 and Okafor, Linus Nnanna1 1Department of Accounting, Faculty of Business Administration, University of Uyo, Nigeria.
Umoren, Adebimpe Otu1*, Akpan, Moses Okon1 and Okafor, Linus Nnanna1
1Department of Accounting, Faculty of Business Administration, University of Uyo, Nigeria.
(1) Dr. Burçak Polat, Assistant Professor, Department of Economics, Nuh Naci Yazgan University, Turkey.
(1) Linh H. Nguyen, Vietnam.
(2) Hieu Pham, Thuongmai University, Vietnam.
(3) Husein Mohamed Irbad, Lincoln University College, Malaysia.
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This study was conducted to examine the nature of relationship existing between environmental accounting reporting and Oil companies’ performance in Nigeria. Eleven (11) quoted oil companies were randomly selected from the Nigerian Stock Exchange. The secondary data used were from the audited financial statements of the Oil companies. Environmental accounting reporting was measured by the costs of air pollution, water pollution, land degradation, staff welfare, community welfare, and litigations. The performance of the Oil companies was measured using return on capital employed (ROCE); net profit margin (NPM), divided per share (DPS) and earnings per share (EPS). The statistics used in testing the hypothesis is multiple linear regression. The results of the analysis showed insignificant relationships between environmental accounting reporting and performance variables, that is, return on capital employed (P = 0.175), net profit margin (P = 0.95),, earnings per share (P = 0.423), and dividend per share (P = 0.542). Based on the findings, it is therefore recommended that government should make environmental disclosure compulsory and also impose sanctions on the violation by any Oil company in Nigeria; compliance by the Oil companies should be taken seriously so that the environment will be safe for economic growth and development.
Environmental accounting; disclosure; performance; Nigerian stock exchange.
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DOI : 10.9734/AJEBA/2018/43106Review History Comments