Title: Green Accounting Costs and Earnings Performance of Quoted Oil and Gas Firms in Nigeria: Does Firm Size and Dividend Per Share Matter?
Authors: Faith Ogagaoghene Obarolo-Iguobaro, PhD and Onajite Alexandra Akpoveta, PhD
Volume: 8
Issue: 11
Pages: 102-107
Publication Date: 2024/11/28
Abstract:
The paper examined the effect of green accounting costs on the earnings performance of quoted oil and gas firms in Nigeria from 2013 to 2022. The study specifically examined the extent of green accounting costs on earnings per share (EPS) of quoted oil and gas firms in Nigeria from 2013 to 2022. The study controlled for firm size and dividend per share. The study adopted the panel regression approach and confirmed that having controlled for firm size and dividend per share; environmental accounting costs improved the earnings per share of quoted oil and gas firms in Nigeria from 2013 to 2022. Hence, the paper concludes that the more the sampled firms incur more costs on environmental issues, the higher they report earnings per share. Consequently, the paper submits that the regulatory authorities in the oil and gas sector must ensure that all firms consider both environmental compliance costs and ecological remediation costs while developing their investment model since environmental costs are a critical predictor in the determination of EPS.