The Effect of Environmental Taxes on Environmental Accounting Disclosure of Nigerian Oil and Gas Companies

Hussaini Bala, Mujeeb Saif Mohsen Al-Absy, Abba Ya’u, Murtala Abdullahi, Armayau Alhaji Sani, Ghousia Khatoon, Umar Aliyu Mustapha and Basiru Musa
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Hussaini Bala: Department of Accounting, Banking and Finance, Tishk International University, Erbil, Iraq,
Mujeeb Saif Mohsen Al-Absy: Accounting and Financial sciences Department, College of Administrative and Financial Science, Gulf University, Sanad 26489, Bahrain,
Abba Ya’u: Department of Accounting, Finance, and Economics. Faculty of Business, Curtin University Malaysia,
Murtala Abdullahi: Department of Accounting, Faculty of Management Science Kaduna State University, Nigeria,
Armayau Alhaji Sani: Department of Accounting, Banking and Finance, Tishk International University, Erbil, Iraq,
Ghousia Khatoon: Department of Accounting, Banking and Finance, Tishk International University, Erbil, Iraq,
Umar Aliyu Mustapha: Department of Accounting, Faculty of Social and Management Science, Baba-Ahmed University, Kano, Nigeria,
Basiru Musa: Internatioanl Relation and Diplomacy Department, Tishk International University, Erbil, Iraq.

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 2, 477-483

Abstract: There is currently a lack of information about the contemporary and potential effects of environmental taxes on environmental accounting disclosure (EAD). This study, therefore, explores environmental taxes’ impact on Nigerian oil and gas companies’ disclosure of environmental accounting information. The study used auxiliary data by generating information on the outcome variable and the explanatory variable from the “Organization for Economic Cooperation and Development†(OECD) and yearly reports of the oil and gas corporations in Nigeria. The analysis included thirteen (13) companies as of December 31, 2021. Fixed-effects regression using Estimation using Driscoll and Kraay standard errors (DKSE) has been used in this study. The study revealed that an increase in total green taxes or transportation taxes will stimulate the disclosure of environmental accounting information by the oil and gas corporations in Nigeria. It is also documented that oil and gas companies that have high C2 intensity are less likely to disclose environmental accounting information. The study findings will be useful to the regulators and policymakers in Nigeria. This is because if the government enhances environmental taxes, it may inspire companies to enhance their environmental accounting procedures.

Keywords: Environmental Taxes; Environmental Accounting Disclosure; Carbon Intensity; Transportation Taxes (search for similar items in EconPapers)
JEL-codes: Q51 Q56 Q58 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2024-02-48

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