Open AccessENVIRONMENTAL COST AND FINANCIAL PERFORMANCE OF OIL AND GAS COMPANIES IN NIGERIA
Author(s) -
Chiamogu Anselm,
Janefrances Okoye
Publication year - 2015
Publication title -
international journal of advanced academic research
Language(s) - English
Resource type - Journals
ISSN - 2488-9849
DOI - 10.46654/ij.24889849.s6102
Subject(s) - order (exchange) , business , government (linguistics) , environmental remediation , finance , environmental economics , economics , ecology , linguistics , philosophy , contamination , biology
This study ascertained the extent environmental cost affects financial performance of oil and gas companies in Nigeria. The specific objectives were to determine the effect of: community development cost and environmental remediation cost on Tobin’s on oil and gas companies in Nigeria. Ex post facto research design was employed and data was obtained from annual reports and accounts for the periods 2011 to 2018. The hypotheses were tested using regression analysis with aid of e-view 9.0. The results of the empirical data analysis revealed that community development cost and environmental remediation cost has positive significant effect on Tobin’s. The study therefore recommended among others that government should give tax credit to organizations that participate and contribute towards community development in order to encourage community development and which would go a long way in enhancing firm performance.