Financial Performance Determinants at the Nigerian Oil and Gas Sector

Etim, Etim Osim; Confidence, Ihenyen Joel; Umoffong, Nsima Johnson

doi:10.36349/easjebm.2020.v03i12.004

Cited by 6 publications

(10 citation statements)

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“…In addition, the study showed that environmental accounting had a significant influence on the return on equity and non-financial performance of the companies in Nigeria under consideration for the period. Similarly, some studies by Giannopoulos et al (2022); Etim et al (2020); Emeke et al (2021)documented results were in tandem with the results obtained in our study, suggesting the significance of environmental accounting practice in enhancing corporate performance. Emeke et al (2021) studied green accounting from the social, economic and environmental accounting points of view.…”

Section: Empirical Reviewsupporting

confidence: 91%

“…The result further showed that companies operating in Nigeria hardly comply with environmental disclosure, hence the level of compliance had a weak significant effect on the performance of the companies. Etim et al (2020) considered the implications of environmental accounting practice on the performance of the selected companies in Nigeria operating in the oil and gas sector for a period of 15 years spanning from 2011 to 2011 to 2021. The study regression using the Ordinary Least Square method revealed a negative effect.…”

Section: Empirical Reviewmentioning

confidence: 99%

“…Regarding taxes, the study said that the government continued to be negatively impacted by the fiscal regimes in the extractive industries, with the advantage going mostly to oil firms. Nigeria's oil industry had multiple difficulties in 2022, chief among them the gasoline shortage problems that struck various regions of the country and destroyed enterprises (Emeka et al, 2020;Etim et al, 2020). Igbekoyi et al (2021) noted the firm value of quoted oil and gas companies in Nigeria has witnessed a decline recently due to a drop in output brought on by crude oil theft and pipeline vandalism, the nation's oil income substantially decreased in the first half of the year.…”

Section: Introductionmentioning

confidence: 99%

“…Removing interest rate restrictions in order to boost savings and boost allocative effectiveness; eliminating non-price credit rationing to lessen credit misuse and boost competitiveness in the oil sector was a welcomed development (Emeka-Nwokeji & Benjamin, 2019). Etim et al (2020) noted the oil and gas investment was put into perspective by government policy and regulatory directives in the use of indirect monetary management in place of limiting individual banks' loans to the oil sector; this improved institutional governance and structure; strengthening the oil companies participating in the capital markets through regulatory reforms and measures to deal with financial crises; strengthening the connections between the legitimate and unofficial international and multinational companies in the oil and gas.…”

Section: Introductionmentioning

confidence: 99%

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Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Odunayo,

Folajimi,

Anaekenwa AGUGUOM

2023

IJMSHR

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The firm value of companies is essentially one of the measures of the effectiveness and managerial competence of the managers optimizing corporate resources. Evidence from research in recent times shows that meeting firm value expectations of shareholders has become a complex task considering Nigeria's infrastructural deficits and economic instability challenges prevalent in the country. Studies have shown that companies' sensitivity to environmental accounting practices tends to create good legitimacy, reputation and corporate brand capable of ensuring effective corporate performance and improved firm value. This study examined the impact of environmental accounting practices on the stock value of Nigerian oil and gas businesses. The Global Reporting Initiative checklist and secondary data from the corporations' annual financial reports were utilized in an expo facto research design. A total of 12 firms were selected using a purposive sampling technique from a population of 18 oil and gas firms quoted in Nigeria. The certification by the statutory auditors served as the foundation for the data's reliability and validity. Inferential statistics (multiple regression using panel data) was used to analyze the data. The study found that environmental accounting practices had a significant effect on the firm value of quoted oil and gas companies in Nigeria (Adj.R 2 = 0.0925; Wald test (3, 176) = 34.98; p < 0.05). Consequently, this study concluded that environmental accounting practice had a significant effect on the firm value of quoted oil and gas companies in Nigeria.The study recommended that managers should constantly prioritize sound environmental accounting practices in order to raise the expectations of the stakeholders and improve firm value.

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Section: Empirical Reviewsupporting

confidence: 91%

Section: Empirical Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Odunayo,

Folajimi,

Anaekenwa AGUGUOM

2023

IJMSHR

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“…External determinants, on the other hand, are uncontrollable elements that affect performance/ PROF and over which management has no control (Dioha, Mohammed & Okpanachi, 2018). Certain firm characteristics, such as firm age, firm size, liquidity, and leverage, are linked to firm performance/ PROF (Mule & Mukras, 2015) cited in Etim, Ihenyen, and Nsima, (2020). Firms' performance and PROF can be influenced by both internal and external influences.…”

Section: Introductionmentioning

confidence: 99%

Firm Specific Determinants and Its Implication on Listed Oil and Gas Firms Profitability in Nigeria

EHIEDU¹,

Priscilla2²

2022

Int. j. adv. economics

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The study examined the analysis of firm specific determinants of profitability (PROF) of listed Oil & Gas firms in Nigeria between the periods of 2011-2020. The study made used of secondary data which was sourced from the annual reports and accounts of the various 10 Oil and Gas Firms for the measures of firm specific determinants [Firm Size (FS), Firm Age (FA), Liquidity (LIQ), Leverage (LEV), Sales Growth (SG) and Operating Expenses (OE)] in relation to profitability proxy with Return on Assets (ROA). Descriptive statistics and the correlation analysis were used to determine the nature of relationship between the independent and dependent variables. In view of the hypothesis formulated for this research, the method of data analysis chosen was a multiple regression analysis using E-VIEW 9.0 computer software. The findings revealed that LIQ, LEV and OE have significant relationship on ROA while FS, FA and SG does not have significant relationship on ROA relationship with ROA. Hence, the study concluded that there is a significant relationship between firm specific determinants and the PROF of listed Oil & Gas firms in Nigeria. This study recommended among others that Listed Oil and Gas Firms should increase their FS so as to increase the return on assets of their firms. Keywords: Profitability, Liquidity, Leverage, Firm Size and Return on Asset.

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Corporate Sustainability and Shareholders’ Wealth in the National Financial Sector

Osunsusi,

Adegbie,

Anaekenwa

2024

JFA

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The desire of every shareholder is to see that shareholders’ wealth is given strategic central point attention far and above other priorities of the management. Prior studies have shown that meeting shareholders’ wealth expectations in Nigeria is complex and full of challenges considering the infrastructural deficits, security challenges and lack of corporate legitimacy capable of enhancing shareholders’ wealth in the country. In addition, effective sustainability performance has been advanced as capable of improving corporate performance and increasing shareholders’ wealth. In contributing to knowledge, this study looked at how corporate sustainability affected shareholders' wealth in Nigeria's national banking industry. Using an ex-post facto research design, the study employed secondary data extracted from selected financial institutions from banking institutions. A total of 15 financial institutions were chosen using a purposive sample technique during a 15-year period, from 2008 to 2022, from the population of 65 financial institutions listed in Nigeria. The certification by the external auditors served as the foundation for the data's dependability and authenticity. Inferential (multiple regression) analysis was employed using a pooled panel data analysis. The result showed that corporate sustainability exerted a significant effect on shareholders’ wealth (Adj. R2 = 0.7474, F-stat/Wald test (4, 220) = 18.30, p < 0.05). The study concluded that corporate sustainability had a positive and significant effect on shareholders’ wealth in the national financial sector in Nigeria. Consequent to the results, managers should ensure that effective corporate sustainability policies are instituted and practised in their companies.

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Financial Performance Determinants at the Nigerian Oil and Gas Sector

Cited by 6 publications

References 0 publications

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Environmental Accounting Practice and Firm Value of Quoted Oil and Gas Companies in Nigeria

Firm Specific Determinants and Its Implication on Listed Oil and Gas Firms Profitability in Nigeria

Corporate Sustainability and Shareholders’ Wealth in the National Financial Sector

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