Corporate Environmental Disclosure and Financial Performance of Quoted Oil and Gas Companies in Nigeria

References

[1] Abdul, J.A., & Ibrahim, S. (2002). Executive and management attitudes towards corporate social responsibility in Malaysia. Corporate Governance: The international journal of business in society, 2(4), 10-16. https://doi.org/10.1108/14720700210455972

[2] Ahmad, Z., Hassan, S., & Mohammad, J. (2003). Determinants of environmental reporting in Malaysia. International Journal of Business Studies, 11(1), 69-90.

[3] Akinlo, O. O., & Iredele, O. O. (2014). Corporate environmental disclosures and market value of quoted companies in Nigeria. The Business & Management Review, 5(3), 171-184.

[4] Brammer, S., & Pavelin, S. (2008). Factors influencing the quality of corporate environmental disclosure. Business Strategy and the Environment, 17(2), 120-136. https://doi.org/10.1002/bse.506

[5] Friedman, M. (1970). A theoretical framework for monetary analysis. Journal of Political Economy, 78(2), 193-238. https://doi.org/10.1086/259623

[6] Margolis, J. D., Elfenbein, H. A., & Walsh, J. P. (2009). Does it pay to be good...And does it matter? A meta-analysis of the relationship between corporate social and financial performance. https://ssrn.com/abstract=1866371

[7] Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organization studies, 24(3), 403-441. https://doi.org/10.1177/0170840603024003910

[8] Plumlee, M., Brown, D., Hayes, R. M., & Marshall, R. S. (2015). Voluntary environmental disclosure quality and firm value: Further evidence. Journal of Accounting and Public Policy, 34(4), 336-361. https://doi.org/10.1016/j.jaccpubpol.2015.04.004

[9] Yusoff, H., Mohamad, S. S., & Darus, F. (2013). The influence of CSR disclosure structure on corporate financial performance: Evidence from stakeholders' perspectives. Procedia Economics and Finance, 7, 213-218. https://doi.org/10.1016/S2212-5671(13)00237-6

@article{1705400,
      author = {Oke O. D., E. T. Olatunji, Remi-Aworemi F.I},
      title = {Corporate Environmental Disclosure and Financial Performance of Quoted Oil and Gas Companies in Nigeria},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {7},
      number = {7},
      pages = {511-514},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/17054001.pdf},
      abstract = {This paper examines the relationship between corporate environmental disclosure (CED) and financial performance measures for quoted Nigerian oil and gas companies from 2010-2021. A disclosure index constructed from annual reports evaluates the extent of CED. Using panel data methodology, empirical findings from correlation and regression analyses indicate no significant impact of CED on either market capitalization or return on capital employed for the sampled firms. The mean CED index is low, reflecting inadequate sustainability reporting attributable to limited mandates and stakeholder pressures. However, as standards evolve adhering to global benchmarks, transparency around ecological challenges may better indicate intangible value-drivers. By contributing timely evidence on an under-researched theme for a major oil producer, this study can benefit policy makers intent on balancing industrial growth and sustainability.},
      keywords = {Corporate Environmental Disclosure, Financial Performance, Nigerian Oil Companies, Market Valuation, Sustainability Reporting},
      month = {January},
  }