RESPONSIVENESS OF ENVIRONMENTAL ACCOUNTING DISCLOSURE ON THE ORGANIZATIONAL FINANCIAL PERFORMANCE OF LISTED OIL AND GAS FIRMS IN NIGERIA

Abstract

The study examined the responsiveness of Environmental Accounting Disclosure on the Organizational Financial Performance of Listed Oil and Gas Firms in Nigeria. The specific objectives of the study are to; assess the relationship between return on equity and financial performance and determine the relationship between total asset and financial performance of listed 0il and Gas firms in Nigeria. The study adopted an ex-post facto research design. The study made use of secondary data from annual reports and accounts of oil and gas firms in Nigeria for the period 2011 to 2021. The study adopts panel data regression technique for the analysis. The study revealed that Return on equity has positive and significant relationship with waste management cost of listed Oil and Gas firms in Nigeria (r-value 0.8684). While Total asset has positive and insignificant relationship with organizational financial performance of listed Oil and Gas firms in Nigeria (r-value 0.3268). Therefore, we concluded that Environmental Accounting Disclosure has significance effect on the Organizational Financial Performance of Listed Oil and Gas Firms in Nigeria. We concluded that Government should adopt a measure that monitors corporate organizations fair investment in social responsibility so as to discourage some management who records high costs on their financial report for CSR to evade tax and without giving anything back to the society