{"id":3576,"date":"2023-08-27T13:29:37","date_gmt":"2023-08-27T13:29:37","guid":{"rendered":"https:\/\/eraf.deqepub.org\/?post_type=journal_article&p=3576"},"modified":"2023-08-27T13:29:37","modified_gmt":"2023-08-27T13:29:37","slug":"corporate-environmental-disclosures-and-profitability-of-oil-and-gas-firms-in-nigeria","status":"publish","type":"journal_article","link":"https:\/\/deqepub.org\/eraf\/journal_article\/corporate-environmental-disclosures-and-profitability-of-oil-and-gas-firms-in-nigeria\/","title":{"rendered":"Corporate Environmental Disclosures and Profitability of Oil and Gas Firms in Nigeria"},"content":{"rendered":"\n

Thomas Maduabuchi Ani PhD*1<\/sup> and Igwe, Alex Onyeji2<\/sup><\/strong><\/strong><\/p>\n\n\n\n

1<\/sup>Department of Accountancy Education, Africa Thinkers Community of Inquiry, Enugu State, Nigeria<\/em>
2<\/sup>Department of Accountancy, Enugu State University of Science and Technology, Enugu State, Nigeria<\/em><\/p>\n\n\n\n

ABSTRACT<\/strong><\/p>\n\n\n\n

Oil and gas activities in Nigeria’s Niger Delta Region have caused significant ecological damage, necessitating a study on the impact of corporate environmental disclosures on the profitability of listed oil and gas companies. This study assessed the influence of environmental, health, recreation, education, and training expenses on the earnings per share of these industries between 2013 and 2019. From 11 listed firms on the Nigeria Stock Exchange, a sample of 4 was chosen. Secondary data was analyzed using multiple regression. Findings showed that environmental safety, health and recreation, and education and training expenses positively and significantly impacted earnings per share (p-values: <0.0000, 0.041, and 0.0022, respectively). The study advises firms to allocate yearly budgets for environmental disclosures and safety, endorsing environmental protection and workers’ safety while potentially boosting earnings. Furthermore, consistent contributions to the health and leisure of workers and host communities can foster healthier relations and improve community well-being. Lastly, firms should invest in education initiatives, including school renovations, scholarships for local students, and skill training, to further cement positive community relations.<\/p>\n\n\n\n

Keywords<\/strong>: Corporate Environmental Disclosure; Profitability; Oil and Gas Firms; Safety; Recreation and Education<\/p>\n\n\n\n

Citation:<\/em><\/strong> Ani, T. M. and Igwe, A. O. (2023). Corporate Environmental Disclosures and Profitability of Oil and Gas Firms in Nigeria. European Review in Accounting and Finance, 7(3), 25-33. DOI<\/a>: <\/em>https:\/\/doi.org\/10.5281\/zenodo.8286984<\/em><\/a><\/p>\n\n\n\n

FULL PDF<\/a><\/p>\n","protected":false},"author":1,"template":"","journal_article_cats":[151],"class_list":["post-3576","journal_article","type-journal_article","status-publish","hentry","journal_article_cat-vol-7-no-3"],"yoast_head":"\nCorporate Environmental Disclosures and Profitability of Oil and Gas Firms in Nigeria - European Review in Accounting and Finance<\/title>\n<meta name=\"description\" content=\"Oil and gas activities in Nigeria's Niger Delta Region have caused significant ecological damage, necessitating a study on the impact of corporate environmental disclosures on the profitability of listed oil and gas companies. This study assessed the influence of environmental, health, recreation, education, and training expenses on the earnings per share of these industries between 2013 and 2019. From 11 listed firms on the Nigeria Stock Exchange, a sample of 4 was chosen. Secondary data was analyzed using multiple regression. Findings showed that environmental safety, health and recreation, and education and training expenses positively and significantly impacted earnings per share (p-values: <0.0000, 0.041, and 0.0022, respectively). The study advises firms to allocate yearly budgets for environmental disclosures and safety, endorsing environmental protection and workers' safety while potentially boosting earnings. Furthermore, consistent contributions to the health and leisure of workers and host communities can foster healthier relations and improve community well-being. Lastly, firms should invest in education initiatives, including school renovations, scholarships for local students, and skill training, to further cement positive community relations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deqepub.org\/eraf\/journal_article\/corporate-environmental-disclosures-and-profitability-of-oil-and-gas-firms-in-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Environmental Disclosures and Profitability of Oil and Gas Firms in Nigeria\" \/>\n<meta property=\"og:description\" content=\"Oil and gas activities in Nigeria's Niger Delta Region have caused significant ecological damage, necessitating a study on the impact of corporate environmental disclosures on the profitability of listed oil and gas companies. This study assessed the influence of environmental, health, recreation, education, and training expenses on the earnings per share of these industries between 2013 and 2019. From 11 listed firms on the Nigeria Stock Exchange, a sample of 4 was chosen. Secondary data was analyzed using multiple regression. Findings showed that environmental safety, health and recreation, and education and training expenses positively and significantly impacted earnings per share (p-values: <0.0000, 0.041, and 0.0022, respectively). The study advises firms to allocate yearly budgets for environmental disclosures and safety, endorsing environmental protection and workers' safety while potentially boosting earnings. Furthermore, consistent contributions to the health and leisure of workers and host communities can foster healthier relations and improve community well-being. 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