The Impact of Environmental Cost on Corporate Performance: A Study of Oil Companies in Niger Delta States of Nigeria

Acti, Ifurueze M.S.K Cna; Etale, Lyndon M.; Frank, Bingilar Paymaster

doi:10.12735/jbm.v2i2p01

Cited by 14 publications

(13 citation statements)

References 6 publications

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“…Similarly, Asuquo et al (2018); Yusuf (2011) in an attempt to establish the relationship between environmental, social responsibilities of quoted oil and gas firms found that economic performance disclosure by oil and gas firms in Nigeria influences social performance of the sampled firms. However, most studies (Esira, Ikechukwu, & Ikechukwu, 2014;Etale & Otuya, 2018;Eze et al, 2016;Festus & Akinselure, 2017;Hassan, 2012;Ifurueze, Lydon, & Bingilar, 2013;Nwaiwu & Oluka, 2018;Okafor, 2018) conducted in Nigeria focuses on listed oil and gas firms. The studies reported mixed findings as to the impact of environmental accounting on financial performance of quoted oil and gas firms.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

Effect of Social and Environmental Disclosure on the Performance of Listed Consumer Goods Producing Companies in Nigeria

Emuebie

Olaoye

Ogundajo

2021

IJAEFA

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Information is power; its presentation, processes and utilization can make or mare circumstances. One of the strategies of bridging information asymmetry is to disclose relevant information required by stakeholders in taking crucial decision. The impact of social and environmental disclosure on the performance of Nigeria consumer goods’ producing companies was examined in this paper, using multiple regression analysis while the sample constitute 16 out of 20 companies listed as consumer goods sector. The study found that social and environmental disclosure had significant effect on return on assets while firm size and age had no significant control in the effect of social and environmental disclosure on ROA. Also, social and environmental disclosure had insignificant effect on earnings per share (EPS) but firm size and age had significant control in the effect of social and environmental disclosure on EPS. The study concluded that social and environmental disclosure has significant impact on the performance of manufacturing companies in Nigeria. It was opined that managers should ensure that information about their social practices is well communicated in an understandable manner to the stakeholders, and thus the stakeholders would be able to comprehend, value and process it in taking meaningful decision about the firm, and that disclosure should be country-specific; every country should design the benchmark, rules and guidelines befitting their environment for such to be impactful.

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Section: Hypotheses Developmentmentioning

confidence: 99%

Effect of Social and Environmental Disclosure on the Performance of Listed Consumer Goods Producing Companies in Nigeria

Emuebie

Olaoye

Ogundajo

2021

IJAEFA

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“…Berdasarkan penelitian terdahulu lainnya, (Cna et al, 2013) Namun, dengan adanya akuntansi lingkungan tersebut tidak dipungkiri juga memberikan dampak negatif bagi perusahaan. Hal ini bisa diketahui pada fenomena yang diteliti, diketahui masih belum bisa merubah kinerja yang berhubungan dengan lingkungan.…”

Section: Hasil Dan Pembahasanunclassified

“…Tampaknya perhatian yang lebih besar ini dapat menyebabkan peningkatan biaya dan karenanya dapat menurunkan laba (Magara et al, 2015). Selain itu, akuntansi juga memiliki dampak positif seperti meningkatkan kinerja perusahaan dalam pengembangan sistem penetapan biaya lingkungan yang telah diartikulasikan dengan baik untuk menjamin atmosfer perusahaan bebas konflik yang dibutuhkan oleh manajer dan pekerja untuk produktivitas maksimum (Cna et al, 2013).…”

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“…Hal ini menjadi fakta bahwa setiap proses operasional memiliki potensi menghasilkan dampak negatif pada sistem ekologi dan sosial (Setthasakko, 2010). Selain itu juga, terdapat masalah lingkungan internasional seperti standar emisi, pengelolaan limbah, polusi udara dan air, perubahan iklim, ekstraksi sumber daya yang dapat habis, bahan bakar nabati, penghematan energi, keanekaragaman hayati, penggurunan (desertification), kehutanan, pertanian, penggunaan lahan, peternakan, ketahanan pangan, populasi, kemiskinan, urbanisasi, transportasi, sekuritas karbon, El Nino, ramah lingkungan teknologi, dan sistem produksi (Negash, 2012 (Cna et al, 2013).…”

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Pengaruh Implementasi Akuntansi Lingkungan terhadap Kinerja Perusahaan

Nursamsiah¹,

Lutfi²,

Apriani³

et al. 2019

OJSMA

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This study aims to determine the effect of the implementation of environmental accounting on company performance through analysis of various impacts on company performance, such as increasing costs and decreasing corporate profits, improving company performance, reducing performance damage that often resembles precision and even the impact that shows habits on company performance. The method used in this study is library research. From this study, it could be concluded that environmental accounting had an impact on company performance. The research implication of this study for the development of science is as a material consideration for companies in implementing environmental accounting as a solution to overcome environmental problems.

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“…Industries, which people drive, have abused the planet's resources and negatively affected the environment, and sustainability has become a significant concern globally. Akti et al (2013)…”

Section: Introductionmentioning

confidence: 99%

The impact of environmental costs on financial performance: An explorative analysis of two plastic companies

Aliamutu

Bhana

Suknunan

2023

Environmental Economics

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There is little research on the impact of environmental costs on plastic manufacturing companies’ financial performance and sustainability. This paper aims to explore the relationship between environmental costs and financial performance of two large national plastic manufacturing companies, namely Bowler Metcalf Limited (BML) and Nampak Ltd, between 2018 and 2019 since research allows for five year old information. Further, the study used pre-Covid-19 data to conceptualize. It adopted a qualitative method of inquiry using content analysis to analyze the financial statements and reports of the two companies (secondary data analysis) available in the public domain. The interpretative analysis further supported the analysis and interpretation of the two variables of environmental costs and financial performance. The results showed a positive relationship between environmental costs and profits in the financial statements of these two companies during 2018 and 2019. BML had a decrease in plastic penalties from R 23.171 million in 2018 to R 14.596 million in 2019, which supported a reduction in spending on legal and constructive obligation items. Nampak also decreased stakeholders’ equity from R 10,140.3 million in 2018 to R 8,932.33 million in 2019, which meant that the stakeholders’ equity funds were reduced, possibly due to reduced spending on environmental costs during that period. It can be concluded and established that when these two plastic companies spend more on environmental costs, this positively affects overall financial performance and improves financial sustainability. It is recommended to allocate more resources/funding to support environmental costs to increase the profitability of the two plastic manufacturing companies.

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The Impact of Environmental Cost on Corporate Performance: A Study of Oil Companies in Niger Delta States of Nigeria

Cited by 14 publications

References 6 publications

Effect of Social and Environmental Disclosure on the Performance of Listed Consumer Goods Producing Companies in Nigeria

Effect of Social and Environmental Disclosure on the Performance of Listed Consumer Goods Producing Companies in Nigeria

Pengaruh Implementasi Akuntansi Lingkungan terhadap Kinerja Perusahaan

The impact of environmental costs on financial performance: An explorative analysis of two plastic companies

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