Effect of Environmental Accounting Disclosure on Financial Performance of Listed Oil and Gas Companies in Nigeria
The effect of environmental disclosures on financial performance of Nigeria quoted firms were examined in this study. The study period covered 10 years ranging from 2011- 2020. Population of the study and sample size consisted of all the ten listed oil and gas firms in Nigeria. The data utilized for this review were obtained from the website of Nigeria Exchange Group (NGX) and from the firm’s annual financial report. The study utilized panel regression analysis for analyzing the data gathered. The findings showed that environmental accounting disclosure has a negative but statistically insignificant effect on return on assets. The conclusion of this study is that disclosure of environmental accounting information has an inconsequential ability to improve the financial performance of Nigeria listed oil and gas firms. Based on the findings the following recommendations are suggested; firms must also ensure they provide full financial analysis of their various environmental activities for easy access by stakeholders for timely decisions. The oil and gas firms should ensure that they were able to reduce their environmental cost which will in turn leads to improvement in return. Keywords: Environmental Accounting Disclosure, Firm Age, Firm Size, Performance, Return on Asset.