IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 9 NO. 1 2024
DOI: https://doi.org/10.56201/ijefm.v9.no1.2024.pg81.95

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An Exploratory Research on Effect of Green Accounting on Financial Performance of Oil and Gas Companies in Nigeria

Etim Osim Etim, Usen Paul Umo, Obot Akpan Udoh, Jeremiah Patrick Edet

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Abstract

Corporate actions have had effect on environmental ecosystem requiring holistic reporting of such actions which must reflect not only economic impacts and benefits but also environmental and social impacts. This study was an exploratory research carried out to examine the effect of green accounting practices on financial performance of oil and gas companies in Nigeria. This was premised on the assumption that green accounting should increase the quality of corporate Services and products by increasing the efficiency of corporate operations and reduction of waste. Desktop approach was adopted to explore the review of existing empirical studies conducted in Nigeria on green accounting practices of oil and gas firms between 2013 and 2022. Findings from the reviewed studies revealed that green accounting significantly influenced financial performance of quoted oil and gas firms in Nigeria over the period reviewed. It was, therefore, recommended that management of oil and gas companies pay attention to environmental cost and what their operational effects has on the social and environmentalecosystem.

keywords:

Green Accounting; Financial performance, operational ecosystem.

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References:

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