Effect of Environmental Costs on Financial Performance of Oil and Gas Companies Listed on Nigeria Stock Exchange

Chiamogu, Anselm N.; Osisioma, Benjamin C.

Title:
Effect of Environmental Costs on Financial Performance of Oil and Gas Companies Listed on Nigeria Stock Exchange

Authors:
Osisioma, Benjamin C. | Chiamogu, Anselm N.

Cite This Article :

Osisioma, Benjamin C. | Chiamogu, Anselm N. "Effect of Environmental Costs on Financial Performance of Oil and Gas Companies Listed on Nigeria Stock Exchange" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4, June 2020, pp.743-753, URL: https://www.ijtsrd.com/papers/ijtsrd31140.pdf

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Abstract :
The main objective of this study was to ascertain the effect of environmental costs on financial performance of oil and gas companies listed on Nigeria stock exchange. The specific objectives were to: assess the effect of Employee Health and Safety Cost on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange and determine the effect of Waste Management Cost on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange. Ex post facto research design was adopted for the study and data collected was analysis and tested using regression analysis with aid of E-view 9.0 the result shows that employee health and safety cost has a significant positive effect on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange at 5% level of significance. Another finding indicate that waste management cost has significant positive effect on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange at 5% level of significance. The following recommendations were made in line with the findings and conclusion of this study: Oil and gas firms should increase their involvement in Employee Health and Safety Cost since it positively affects financial performance. Oil and gas firms should get more involved in waste management activities, since cost on waste management is more committed in improving organizational performance.

Keywords :
Environmental cost, Waste management and Employee health and safety cost

Publication Details:

Unique Identification Number : IJTSRD31140

Published In : Volume-4 | Issue-4, June 2020

Page Number(s) : 743-753

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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