ENVIRONMENTAL ACCOUNTING DISCLOSURE PRACTICES IN ANNUAL REPORTS OF LISTED OIL AND GAS COMPANIES IN NIGERIA
Ekubiat John Udo
Additional contact information
Ekubiat John Udo: University of Uyo, Postal: Department of Accounting, Faculty of Business Administration, Akwa Ibom State, Nigeria
International Journal of Accounting and Finance (IJAF), 2019, vol. 08, issue 1, 1-20
This study is an empirical examination of environmental accounting disclosure practices (EADP) in annual reports of listed oil and gas companies in Nigeria. Ex-postfacto research design was adopted in the study. The ten (10) oil and gas companies listed on the Nigerian Stock Exchange (NSE) was the population as census sampling technique was used in the study. Secondary sources were the main sources of data for the study. An environmental disclosure index with 40 items in line with Global Reporting Initiative (GRI) (2006/2008/2011/2013) was developed and environmental data from the annual reports of the listed ten oil and gas companies from 2009 – 2018 were captured using content analysis. The data obtained were analysed using descriptive and inferential statistics. Findings revealed that the sampled oil and gas companies were disclosing very inadequate financial and nonfinancial environmental information in their annual reports at a minimum disclosure practice of0.0283 and maximum of 0.2727; and that on average the disclosure level of the sampled companies' representing the oil and gas industry EADP stood at about 11.67% as at December 31, 2018. The findings revealed that profitability has significant negative influence on EADP; leverage and liquidity have significant positive influences on EADP while long-term financing contribution has insignificant positive influence on EADP. Thus, it is concluded from the study that companies' financial attributes (profitability, leverage and liquidity) are predicted to be the key determinants of EADP in the industry in Nigeria and that many listed oil and gas companies are disclosing very negligible qualitative environmental accounting information in their annual reports. It was recommended that there is serious need for standardised EADP of the industry in Nigeria through mandatory disclosures and efforts should be tailored by the companies in Nigeria towards preparing environmental financial statements.
Keywords: Keywords: EADP; Companies financial attributes; Oil and gas companies; GRI; Mandatory disclosures. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://research.icanig.org/documents/EADPARLOGCN.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:ijafic:0011
Access Statistics for this article
International Journal of Accounting and Finance (IJAF) is currently edited by Ben Ukaegbu and Folorunsho Ajide
More articles in International Journal of Accounting and Finance (IJAF) from The Institute of Chartered Accountants of Nigeria (ICAN)
Bibliographic data for series maintained by Daniel Akanbi ().