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.
CHIEDOZIE, M (2022). Effect Of Environmental Costs Disclosure On T He Financial Performance Of Quoted Oil And Gas Companies In Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-t-he-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2
MARTINA, CHIEDOZIE. "Effect Of Environmental Costs Disclosure On T He Financial Performance Of Quoted Oil And Gas Companies In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 19 Oct. 2022, https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-t-he-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2. Accessed 31 Oct. 2024.
MARTINA, CHIEDOZIE. "Effect Of Environmental Costs Disclosure On T He Financial Performance Of Quoted Oil And Gas Companies In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 19 Oct. 2022. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-t-he-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2 >.
MARTINA, CHIEDOZIE. "Effect Of Environmental Costs Disclosure On T He Financial Performance Of Quoted Oil And Gas Companies In Nigeria" Mouau.afribary.org (2022). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-environmental-costs-disclosure-on-t-he-financial-performance-of-quoted-oil-and-gas-companies-in-nigeria-7-2