Corporate Eco-Efficiency and Performance of Oil and Gas Companies in Nigeria: An Empirical Examination

Dr Nwufo Christopher Ifeanyichukwu, Kamaludeen F.A Dr. Ibrahim and Jackson Edet Etibensi
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Dr Nwufo Christopher Ifeanyichukwu: Department of Accounting, University of Abuja
Kamaludeen F.A Dr. Ibrahim: Department of Accounting, University of Abuja
Jackson Edet Etibensi: Department of Accounting, University of Abuja

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 3, 2176-2192

Abstract: Activities of oil and gas exploration continuous to post serious challenges to the environment. Recognizing this, the current study examines the effect of eco-efficiency on the performance of oil and gas companies and the impact of firm size on the relationship. The sample includes listed oil and gas companies in Nigeria. The data utilized were extracted from the annual report data stream for period of ten years from 2011 to 2020. Multiple regression through ordinary least square was employed to analyse the data. The study shows a positive association between eco-efficiency and firm financial performance. Also, the study provides support for a positive interacting relationship for firm size in the relationship between eco-efficiency and firm financial position. These findings provide support for the stakeholder theory that purports that managers must develop a relationship with stakeholders by embarking on environmental friendly practices to maintain a positive firm performance.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:3:p:2176-2192

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