ABSTRACT
The study focuses on effects of environmental accounting on the performance of oil and gas companies in Nigeria. Oil and gas flaring have caused severe environmental damages, loss of plants, animals and human lives, and loss of revenue of both the oil producing companies and the government petroleum exploration, exploitation, storage, distribution and transportation activities affect the environment I in a conspicuously negative manner. The method of data collection adopted by the researcher are the use of secondary data and the secondary data were derivedfrom the Central Bank of Nigeria statistical bulletin, publication of environmental impact assessment agency. After collection of the data from the secondary sources, the data were tabulated and statistically analyzed using the ordinary least square analytical technique. It was discovered that there exist a significant relationship between environmental costs and earnings per share of oil and gas companies in Nigeria. The study also revealed that there exist a significant relationship between gas utilization and output of oil and gas production in Nigeria. In this study we have made our attempt to assess the impact of environmental costs on earnings per share of oil and gas companies in Nigeria. This study proffers aframework for environmental costs in the oil and gas industry in Nigeria. To this end, this contributes to studies on environmental costs at a global level using the perspective of Nigeria oil and gas industry. It is therefore concluded that oil spillage and gas flaring costs does not significantly affect the earnings per share of oil and ga_s companies in Nigeria. Fines and penalties tremendously affect earnings per share of oil and gas companies in Nigeria. Generally, there are no standards guiding environmental costs in the oil and gas industries in Nigeria. Oil and gas companies operating in Nigeria should take necessary measures to avoid the payment offines and penalties. To ensure this, they should strictly comply with environmental regulations as specified by the regulatory Agency of the oil and gas industry.
TABLE OF CONTENT
Declaration 11
Certification 111
Dedication lV
Acknowledgements v
Table of Contents Vl
List of Tables Vlll
Abstract IX
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study 1
1.2 Statement of the Problem 4
1.3 Objectives of the study 5
1.4 Research questions 5
1.5 Research hypotheses 6
1.6 Significance of the study 6
1.7 Scope of the study 7
CHAPTER TWO: REVIEWOF RELATED LITERATURE
2.1 Conceptual Framework 8
2.1.1 Concept of Environmental Accounting 8
2.1.2 Accounting Interest in the Environment 8'
2.1.3 Impact of Environmental Issues on Financial Statement 11
2.1.4 Environmental Accounting Approaches 12
2.1.5 Environmental Information and their Users 13
2.1.6 Objectives of Environmental Accounting 16
2.1.7 Benefits of Environmental Accounting 20
2.1.8 Basic Environmental Accounting Elements 21
2.1.9 Disclosure of Environmental Accounting Information 22
2.1.10 Indicators for Analyzingusing Environmental Accounting Data 24
2.2 Theoretical Framework
2.2.1 Stakeholders Theory
2.1.2 Legitimacy Theory
2.1.3 Empirical Review
CHAPTER THREE:RESEARCH METHOD
3.1 Research Design 39
3.2 Population of the Study 39
3.3 Method of Data Collection and Data Sources 39
3.3.1 DataSources 39
3.3.2 Methods of Data Collection 40
3.4. Model Specification 40
3.5 Data analysis techniques 42
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND DISGUSSION OF FINDINGS
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Findings 62
5.2 Conclusion 62
5.3 Recommendations 63
REFERENCES
ODEKE, M (2020). Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Comp Any. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-comp-any
MOUAU/ACC/14/22651, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Comp Any" Mouau.afribary.org. Mouau.afribary.org, 29 May. 2020, https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-comp-any. Accessed 30 Oct. 2024.
MOUAU/ACC/14/22651, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Comp Any". Mouau.afribary.org, Mouau.afribary.org, 29 May. 2020. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-comp-any >.
MOUAU/ACC/14/22651, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Comp Any" Mouau.afribary.org (2020). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-comp-any