EFFECT OF ENVIRONMENTAL REPORTING ON PROFITABILITY OF QUOTED OIL AND GASS COMPANIES IN NIGER
Abstract
ABSTRACT
The main objective of this study was to examine the effect of environmental reporting on profitability of quoted oil and 8as companies in Nigeria. The specific objectives were to examine the effect of environmental reporting on net profit margin of quoted oil and gas companies in Nigeria, and to examine the effect of environmental reporting on return on assel of quoted oil and gas companies in Nigeria. Ex-post facto research design was used Jor the study. Data was collected from the CSR hub database and the published financial statements of the selected companies from 2012 to 2021. A total of twelve (12) oil and gas companies are listed on the Nigeria Stock Exchange as at December 315t 2021, Judgmental sampling was adopted for the study to select the sample size of five companies. The data collected was analyzed using descriptive and inferential statistics. Inferential statistics were analyzed using multiple regression method (with the aid of Eviews 10). It was found that environmental reporting has a significant and positive effect on net profit margin of quoted oil and gas companies in Nigeria also, environmental reporting has a significant and positive effect on return on asset of quoted oil and gas companies in Nigeria. It was recommended that high level of interest must be exerted on environmental reporting by relevant regulatory authorities and requisite legislations put in place.
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