Evaluation of Environmental Accounting, Financial Reporting and Profitability of Oil and Gas Firms in Nigeria
Abstract
This study evaluate environmental accounting, financial reporting and profitability of oil and gas firms in Nigeria. The study ascertains the relationship between environmental accounting reporting standard index and Return on Asset; Liquidity and Tobin’s q; and relationship between Leverage and Tobin’s q of the selected oil and gas firms in Nigeria, 2009 to 2019. The study adopted the ex-post facto design. The population of the study comprises the twelve (12) oil and gas firms listed on Nigeria Stock Exchange. The sample size of six (6) of the oil and gas firms were randomly selected and used, the data was obtained from the annual financial reports of the listed oil and gas firms. The study explores panel and pool data (cross-sectional data), application of ordinary least square (OLS), and multiple regression to analyze the data. The results show that there is no significant relationship between ERA and ROA, t-test=0.98>0.05, there is a significant relationship between LQT and TOQ, t-test=0.8>0.05, while there is no significant relationship between LVG and TOQ, t-test=0.017<0.05. The study concludes that there is a weak relationship between environmental accounting, financial reporting and profitability of the oil and gas firms in Nigeria.
Keywords: Evaluation, Environmental Accounting, Financial Reporting, Profitability.
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