Environmental Accounting Practices and Corporate Performance: Study of Listed Oil and Gas Companies in Nigeria
Year: 2020
Type: article
Abstract: This study investigated the effect of environmental accounting practices on corporate performance of listed oil and gas companies in Nigeria, 2012-2018. This was achieved through the formulation of Hypotheses which we tested using data obtained from stock exchange fact books, corporate sustainability reports and annual reports of sample firms. Ex-post facto research design was employed in the study and the analysis carried out using simple linear regression. Findings reveal environmental accounting practices and accounting have significant positive effects on both turnover and Return on capital employed; while the effect on net profit even though positive, was insignificant. The theoretical outcome of this study is the Performance Improvement Theory (PIT) which states that firms are involved in sustainability accounting generally for the reason of improved corporate performance benefit drivable through good reputation and cost reduction. Our study concluded that, environmental accounting has significant positive effect on corporate performance of practicing companies. It is therefore recommended amongst others that corporate organizations should extend their management accounting and financial reporting systems to environmental accounting as a way of ensuring long-run corporate sustainability. Index terms: Environmental accounting, Corporate Performance, Performance improvement (PIT) theory. DOI: 10.7176/EJBM/12-22-08 Publication date: August 31 st 2020
Author: ILIEMENA, RACHAEL O.
Institution: Nnamdi Azikiwe University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3137047340