Carbon Accounting and Corporate Performance of Listed Oil and Gas Firms in Nigeria (Published)
This study was carried out to investigate the relationship between carbon accounting, energy accounting, and environmental compliance information disclosure and corporate performance of listed oil and gas companies in Nigeria. Anchored on the Legitimacy Theory, the study adopted the quantitative research design. Population of the study consisted of all 10 oil and companies on the Nigeria Exchange Group (NGX) as at 31 December 2024. Annual reports of oil and gas firms for the years 2014 to 2023 were used as the source of data. Findings of the study show that carbon accounting information disclosure has a significant negative relationship with corporate performance of listed oil and gas companies in Nigeria. The study also establishes a positive and significant relationship with energy accounting information disclosures, environmental accounting information disclosure and corporate financial performance. The study concludes carbon accounting dimensions have a bearing on corporate performance of listed oil and gas companies in Nigeria and recommends amongst others that that listed oil and gas firms should improve on their carbon accounting management and disclosure by formulating and implementing disclosure and reporting strategies that will enhance optimum level of profitability.
Keywords: Carbon Accounting, Return on Assets, energy accounting, environmental compliance, oil and gas firms
Moderating Role of Firm Size on Carbon Accounting and Financial Performance of Listed Firms in Nigeria (Published)
This study investigates corporate carbon accounting and financial performance of listed manufacturing firms in Nigeria. The study used quantitative research design and data were collected from primary and secondary sources. The primary data comprised of structured questionnaire from a sample of 312 accountants in listed manufacturing firms in Nigeria. Data collected from the respective respondents were analysed by applying structural equation modelling through the employment of SmartPLS version 4. The findings from the data analysis suggested a positive and insignificant relationship between scope of carbon emissions, emission sources, emission categories and emission factors positively and insignificantly impact on return on assets of listed manufacturing firms in Nigeria. Also reporting boundaries and firm size negatively and insignificantly influence return on assets. On the basis of the findings, the study concluded that carbon emission accounting influences the financial performance of listed manufacturing firms in Nigeria. Hence, the study recommended amongst others that managers of listed manufacturing firms should consider carbon mitigation strategies seriously since carbon emissions negatively influence shareholder value. This means that managers can enhance shareholders’ value by undertaking emission abatement policies to boost their financial and market performance.
Keywords: Carbon Accounting, Emission Sources and Factors, Financial Performance