Environmental Cost Disclosures and Sustainability Performance of Listed Oil and Gas Firms in Nigeria: Does Green Innovation Matter? (Published)
This study explores the moderating role of green innovation on the connection between environmental cost disclosures and the sustainability performance of listed oil and gas firms in Nigeria. The population comprised all listed oil and gas firms in Nigeria, and a non-probability sampling technique of convenience was used to determine 150 participants with primary data as the major instrument of data collection from a structured questionnaire. The administered questionnaires were analysed using descriptive and inferential statistics. The regression analysis reveals that compliance and regulatory cost disclosure has no significant effect on the social performance, that pollution control and abatement cost disclosure has a significant effect on the social performance, resource use and conservation cost disclosure has a significant effect on the social performance and remediation and restoration cost has significant effect on the social performance of listed oil and gas firms in Nigeria. Also, the findings disclose that compliance and regulatory cost disclosure has a significant effect on economic performance, pollution control and abatement cost disclosure has a significant effect on economic performance, resource use and conservation cost disclosure has a significant effect on economic performance and remediation and restoration cost has a significant effect on the economic performance of listed oil and gas firms in Nigeria. Additionally, the findings reveal that green innovation does significantly moderate the relationship between environmental cost disclosures on social and economic performance of listed oil and gas firms in Nigeria. In conclusion, the study underscores that green innovation acts as a strategic enabler, strengthening the link between environmental accountability and sustainable performance. Therefore, oil and gas firms in Nigeria should not only comply with environmental reporting requirements but also embed innovation into their operational and strategic frameworks.
Keywords: Nigeria, environmental cost disclosure, green innovation, oil and gas firms, sustainability performance
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