Economic & Social Sustainability Reporting and Financial Performance of Listed Oil and Gas Firms in Nigeria

Inalegwu Ogah, Isaac Dr. Lambe and Mangba Solomon Professor. Aza
Additional contact information
Inalegwu Ogah: Department of Accounting, Bingham University, Karu, Nasarawa State
Isaac Dr. Lambe: Department of Accounting, Bingham University, Karu, Nasarawa State
Mangba Solomon Professor. Aza: Department of Accounting, Bingham University, Karu, Nasarawa State

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 8, 188-206

Abstract: The continuous and ever-increasing awareness that being socially and environmentally responsible can facilitate long-term growth, goals, raise productivity and optimize shareholder value has made sustainability issue a major concern for businesses of all sizes to preserve capital for future generations. This study examines the effect of economic and social sustainability reporting on return on capital employed of listed oil and gas firms in Nigeria. The ex-po facto research design was adopted and secondary data from annual report of listed oil and gas firms. The purposive sampling techniques was employed in selecting the 9 firms out of 10 oil and gas firms in Nigeria for 2011-2022 financial year. Panel regression estimation and fixed effect was used to analyze the result. The finding revealed that both economic and social sustainability reporting has negative significant effect on return on capital employed of oil and gas firms in Nigeria. The study concludes that economic and social sustainability reporting has a negative insignificant effect on return on capital employed of listed oil and gas firms in Nigeria. The study recommends that management of listed oil and gas firms in Nigeria should improve voluntary compliance with Economic sustainability reporting and social sustainability reporting and should not be compelled for sustainability reporting disclosure because of the negative multiplier effect on return on capital employed of oil industries in Nigeria.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... -issue-8/188-206.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... as-firms-in-nigeria/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:8:p:188-206

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().