Author:
BENSON NWAFOR CHIDI, ,Akabom Ita Asuquo,,Ethel Ohanya Inyang,,A. Adesola Fadenipo, , ,
Abstract
The study examined the effect of green accounting on the financial performance of oil and gas companies 2010-2020. The specific objectives were to determine the effect of: environmental cost accounting and green management accounting on the financial performance of oil and gas companies in Nigeria. A quantitative technique was adopted and Ex post facto research design was employed for the study. Data were obtained from annual reports and accounts of the companies for the periods 2010 to 2020. The hypotheses were tested using regression analysis with aid of e-view 9.0. The results showed that environmental cost accounting has a significant effect on the financial performance of oil and gas companies. Also, the study found that green management accounting has significant effect on the financial performance of oil and gas firms. Therefore, the paper recommended that management of oil and gas companies in Nigeria should pay particular attention to environmental cost accounting to enhance the firm’s operating environment and the financial performance of the companies. Also, since most oil and gas companies hardly report their environmental activities, the government should make environmental reporting in annual reports compulsory thereby passing legislation which will compel companies to integrate environmental issues into their strategic planning process; and the publication of environmental accounting standards both locally and internationally which can be reviewed continually to ensure dynamism in compliance.
Cited by
2 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献