Papers by Ndah, Eze Nwoka
Global Scientific Journals, 2024
The persistent environmental disruptions caused by corporate activities, coupled with the failure... more The persistent environmental disruptions caused by corporate activities, coupled with the failure to account for these impacts in financial reports, have raised significant challenges for affected communities. Green accounting, which integrates environmental costs into financial operations, aims to address these issues by reflecting both financial performance and its effects on people and the planet. This study investigated the relationship between green accounting and financial performance in Nigeria's oil and gas sector, using environmental prevention costs, oil spillage costs, and oil drilling waste disposal costs as indicators of green accounting, with return on equity as the measure of financial performance. Employing an ex-post-facto research design, the study utilized secondary data from the audited annual reports of nine listed oil and gas companies and the Nigeria Exchange Group Fact Book as at August 15, 2024. The analysis, conducted using SPSS version 27, included basic descriptive statistics, Pearson product-moment correlation, and multiple regression. The results revealed a significant relationship between all green accounting proxies and the return on equity of the listed oil and gas firms during the study period. The study concludes that green accounting has a significant impact on the financial performance of these firms. It is recommended that oil company management develop comprehensive green accounting practices and prioritize spending on environmental prevention, oil spillage, waste disposal, and protection to foster a conflict-free environment conducive to productivity and enhanced financial performance.
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Papers by Ndah, Eze Nwoka