Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal IJEFSD
Adaremmy, Iwunna, Stella
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Environmental Cost Disclosure and Financial Performance of Listed Oil and Gas Firms in Nigeria Ofurum, Clifford Obiyo; Adaremmy, Iwunna, Stella; O., Nmehielle, Collins
International Journal on Economics, Finance and Sustainable Development Vol. 4 No. 7 (2022): IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v4i7.3355

Abstract

The study investigated environmental cost disclosure and financial performance of oil and gas companies listed on NSE for the period of 2008 to 20019. The study specifically examined the impact of environmental cost disclosure, which includes waste management costs and pollution control costs, using return on assets as proxy of financial performance. The study adopted the ex-post facto research design and the data was sourced from the companies’ annual audited financial reports and Department of Petroleum Resources (DPR) for the period from 2008 to 2019. The panel data regression technique was applied in estimating the study’s parameters. Findings showed that employee health and safety costs have a negative and significant relationship with return on assets of oil and gas companies in Nigeria and also no significant relationship with return on equity. The study therefore concluded that environmental cost disclosure has a significant but mixed effect on the financial performance of oil and gas companies listed on the NSE for the period.
Co-Authors O., Nmehielle, Collins Ofurum, Clifford Obiyo