Green Accounting Disclosure and Performance of Listed Oil and Gas Companies in Nigeria

Raji Sadiq Ademola, Abdul-Ganiyy Agbaje and Onifade Abdul-Quadri Opeyemi
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Raji Sadiq Ademola: Department of Accounting and Finance, College of management and Social Science, Fountain University, Osogbo
Abdul-Ganiyy Agbaje: Department of Accounting and Finance, College of management and Social Science, Fountain University, Osogbo
Onifade Abdul-Quadri Opeyemi: Department of Accounting and Finance, College of management and Social Science, Fountain University, Osogbo

Acta Universitatis Bohemiae Meridionalis, 2025, vol. 28, issue 1, 72-86

Abstract: This research explored the effect of green accounting disclosure on performance of listed oil and gas companies in Nigeria. Data were gathered from the financial reports of selected oil and gas firms in Nigeria over the years 2013 to 2021. To analyze this, both panel regression analysis and a generalized linear model were applied. The findings revealed that the disclosure of environmental information did not significantly affect the financial success of these companies, while the level of debt had a negative but significant influence on their economic success. Additionally, the size of the company was found to have a positive and significant effect on the financial outcomes of these listed firms in Nigeria. The research suggests that the Nigerian government should introduce regulations for the disclosure of environmental information within the oil and gas industry.

Keywords: Environmental information disclosure; Leverage; Firm size and Net Profit Margin (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:28:y:2025:i:1:p:72-86

DOI: 10.32725/acta.2025.005

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