Determinants of Corporate Environmental Accounting Disclosure of Oil and Gas Firms in Nigeria

Determinants of Corporate Environmental Accounting Disclosure of Oil and Gas Firms in Nigeria

Authors

  • Hussaini Bala Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University
  • Yusuf Ja’afar Department of Accounting, Faculty of Social and Management Sciences, Kaduna State University
  • Ahmad Muhammed Lawal Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia

DOI:

https://doi.org/10.32890/gbmr2021.13.1.2

Abstract

This study examines the cognitive factors that determine corporate environmental accounting
disclosures (CEAD). The population consists of all the fourteen (14) listed oil and gas firms in Nigeria.
Panel data were obtained from the annual reports and accounts of the firms for the period of 2010 to
2019. A correlational research design was used and the data were analyzed using the Generalized Least
Square regression (random model). The study found that firm size; leverage and multi-national
companies have positive significant influence on the CEAD of listed oil and gas firms in Nigeria. Whilst
firm growth has a negative significant relationship with the CEAD of listed oil and gas firms in Nigeria.
It is concluded that larger firms and multi-national companies in the Nigerian oil and gas sector have
high likelihood of disclosing environmental accounting information. Thus, it is recommended that the
management of listed oil and gas firms in Nigeria should expand their size by acquiring more assets,
maintain a consistent growth by exploring more opportunities while improving their gearing ratio to
ensure a stable balance between the proportion of debt and assets. It therefore, highlighted the need for
Securities and Exchange Commission (SEC) to come up with enabling laws geared towards ensuring
that listed oil and gas firms in Nigeria embrace CEAD. Furthermore, Global Environmental Disclosure
Index (GEI) should be considered as the most acceptable yardstick for measuring environmental
accounting by the listed oil and gas firms in Nigeria.

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Published

30-06-2021

How to Cite

Bala, H. ., Ja’afar, Y. ., & Lawal, A. M. . (2021). Determinants of Corporate Environmental Accounting Disclosure of Oil and Gas Firms in Nigeria. Global Business Management Review (GBMR), 13(1), 16–36. https://doi.org/10.32890/gbmr2021.13.1.2

Issue

Vol. 13 No. 1 (2021): Global Business Management Review

Section

Articles in Journal

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Creative Commons License

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