scholarly journals Determinants of Corporate Environmental Accounting Disclosure of Oil and Gas Firms in Nigeria

2021 ◽  
Vol 13 (Number 1) ◽  
pp. 16-36
Author(s):  
Yusuf Ja'afar ◽  
Hussaini Bala ◽  
Ahmad Muhammded Lawal
Keyword(s):  
Firm Growth ◽  
Oil And Gas ◽  
Environmental Accounting ◽  
Securities And Exchange Commission ◽  
Least Square ◽  
Annual Reports ◽  
Environmental Disclosure ◽  
Accounting Disclosure ◽  
To Come ◽  
Oil And Gas Firms

This study examines the cognitive factors that determine corporate environmental accounting disclosures (CEAD). The population consists of all the fourteen (14) listed oil and gas firms in Nigeria. Panel data were obtained from the annual reports and accounts of the firms for the period of 2010 to 2019. A correlational research design was used and the data were analyzed using the Generalized Least Square regression (random model). The study found that firm size; leverage and multi-national companies have positive significant influence on the CEAD of listed oil and gas firms in Nigeria. Whilst firm growth has a negative significant relationship with the CEAD of listed oil and gas firms in Nigeria. It is concluded that larger firms and multi-national companies in the Nigerian oil and gas sector have high likelihood of disclosing environmental accounting information. Thus, it is recommended that the management of listed oil and gas firms in Nigeria should expand their size by acquiring more assets, maintain a consistent growth by exploring more opportunities while improving their gearing ratio to ensure a stable balance between the proportion of debt and assets. It therefore, highlighted the need for Securities and Exchange Commission (SEC) to come up with enabling laws geared towards ensuring that listed oil and gas firms in Nigeria embrace CEAD. Furthermore, Global Environmental Disclosure Index (GEI) should be considered as the most acceptable yardstick for measuring environmental accounting by the listed oil and gas firms in Nigeria.

scholarly journals Corporate Determinants and Human Resource Accounting Disclosure of Listed Banks in Nigeria

2020 ◽  
Vol 10 (4) ◽  
pp. 303
Author(s):  
Ayodeji Matthew Adejuwon ◽  
Felix Olurankinse ◽  
Olugbenga Jinadu
Keyword(s):  
Human Resource ◽  
Firm Size ◽  
Accounting Information ◽  
Least Square ◽  
Annual Reports ◽  
Accounting Disclosure ◽  
Corporate Websites ◽  
Human Resource Accounting ◽  
Social Reputation ◽  
Resource Accounting

The study investigates whether a significant relationship exists between corporate determinants and human resource accounting disclosure of selected banks in Nigeria. It also looks at whether human resource accounting disclosure is influenced by banks profitability, firm size and listing age. Data were obtained from the annual reports and corporate websites of the selected banks for the periods between 2014 and 2018. In testing the research hypotheses, the study engaged the use of panel least square regression in analysing the data. The findings revealed that there is a significant positive relationship between profitability, firm size and human resource accounting disclosure. However, listing age exhibited no relationship with human resource accounting disclosure. The study recommends that listed banks in Nigeria should be encouraged to mandatorily disclose human resource accounting information so as to enhance their social reputation and reduce the potential agency costs. Also, the study contributes to the existing models, in terms of depicting specific attributes that measure the determinants of human resource accounting disclosure of listed banks in Nigeria.

scholarly journals In memoriam: Professor David J. Campbell, 1963-2017

2017 ◽  
Vol 8 (5) ◽  
pp. 520-524
Author(s):  
Richard Slack
Keyword(s):  
Collaborative Research ◽  
Environmental Accounting ◽  
Accounting Education ◽  
Policy Implications ◽  
Future Research ◽  
Corporate Accountability ◽  
Accounting Disclosure ◽  
Content Type ◽  
To Come ◽  
Practical Implications

Purpose This tribute is in memory of Professor David Campbell, who sadly died in June 2017. David was an influential and inspirational global researcher in accounting. This tribute summarises his significant contribution to the discipline as well as providing insights into his career at Northumbria and Newcastle Universities. Design/methodology/approach The tribute provides a review of David’s research and his key publications in accounting. Specifically, his invaluable contribution to social and environmental accounting disclosure and related corporate accountability is highlighted. Findings David was a hugely popular personality in the accounting research discipline and he will be missed by colleagues and friends across the world. His insightful research, thinking and engaging personality led to enduring friendships and significant collaborative research publications. David was a great supporter of international conferences at which he actively encouraged and nurtured research by others around him. Research limitations/implications David leaves a legacy of influential publications in accounting that have shaped the discipline and have helped develop solid foundations for rigorous future research in the area. Practical implications David’s research had significant practical implications with regard to the usefulness of voluntary accounting disclosure narrative to stakeholders. As well as highlighting the policy implications in relation to corporate disclosure, his work contributed to the debate concerning the accountability and ethics of organisations. Beyond research, David was also influential in professional accounting education as ACCA chief examiner for “Governance, Risk and Ethics”, embedding these issues into the curriculum. Social implications The tribute highlights David’s global collaborative research friendships and their fruitful publications. He will be a huge loss to those people and others who knew him closely, as well as to the accounting community in general. Originality/value David enhanced the discipline as we know it and through his work will continue to shape the discipline in years to come. David had a love for research and for others whom he knew through it.

scholarly journals Lease Financing as a Performance Driver: Evidence from Oil and Gas Sector of Pakistan

2020 ◽  
Vol 8 (1) ◽  
pp. 53-61
Author(s):  
Muhammad Usman Arshad ◽  
◽  
Zahid Bashir ◽  
Muhammad Asif ◽  
Ghalib Hussain ◽  
...  
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Oil And Gas ◽  
Research Study ◽  
Oil And Gas Industry ◽  
Least Square ◽  
Annual Reports ◽  
Future Research ◽  
Gas Industry ◽  
Oil And Gas Sector

The sole aim of the study is to analyze the effect of the lease as a potential driver of firm’s financial performance in oil and gas industry of Pakistan. The population for the current research study comprises of 18 listed companies of oil and gas sector of Pakistan but the final sample includes only nine companies which were using lease financing. The data were collected from the annual reports of companies from the year 2013 to 2017. Lease financing is used as an independent variable while firm performance as dependent variable defined by ROA. ordinary least square method was used. The study concludes that financing through the lease is not a significant driver of financial performance in oil and gas companies of Pakistan and also negatively affecting it rather these companies heavily rely on debt financing which decreases their performance. Only the firm size has a positive and significant effect on a firm’s performance in this sector. The policy makers and management should consider lease financing as a potential factor of decreasing the firm performance in oil and gas industry of Pakistan for future consideration. The research study has considerable importance for the oil and gas sector of Pakistan as the first in this domain for the future research, especially for the lease financing

scholarly journals Cointegral Crystalization Of Triple Bottom Financial Reports And The Performance Of Hydrocarbon Companies

2021 ◽  
Vol 23 (11) ◽  
pp. 500-515
Author(s):  
Sunday A. Effiong ◽  
◽  
Ahakiri, F. Idiege ◽  
Fadenipo A. Adesola ◽  
Okoi, John Obono ◽  
...  
Keyword(s):  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sustainability Reporting ◽  
Mandatory Reporting ◽  
Least Square ◽  
Annual Reports ◽  
Environmental Disclosure ◽  
Bottom Line ◽  
Financial Reports

The study considered the co-integral consequences of Triple Bottom Line financial reports of listed hydrocarbon companies on their financial outlooks. It was conducted to evaluate the crystalized correlation of responsible hydrocarbon companies on their financial fortunes. In simple terms, the research looked for answers to the question of whether it is financially worthwhile for corporate citizens to be responsible. The study employed the expos facto design where secondary data were obtained from the annual reports of the listed hydrocarbon companies on the floor of the Nigerian Stock Exchange. The least-square multiple linear regression analysis methods were employed to establish the degree of financial crystallization consequential to the adoption of the triple bottom reporting format. Social, economic, and environmental reports of the studied listed hydrocarbon companies were co-integrated with the returns on assets of the companies, to establish the level of crystallization of the explanatory variables with the response variable. The crystallized results revealed that economic disclosure and environmental disclosure have limited significant crystallization characteristics on the returns on assets, while social disclosure showed significantly positive crystallization characteristics with returns on assets of the studied companies. Arising from these findings, therefore, the study recommended that a mandatory reporting framework be put in place for hydrocarbon companies listed on the floor of the Nigerian Stock Exchange to encourage sustainability reporting.

scholarly journals Corporate Social Responsibility and Financial Sustainability of Oil and Gas Firms in Nigeria

2021 ◽  
pp. 46-56
Author(s):  
Orajekwe Jerry Chukwuebuka ◽  
Okafor Obumneme Obiora ◽  
Okoye Emmanuel Ikechukwu
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Research Work ◽  
Oil And Gas Industry ◽  
Least Square ◽  
Financial Sustainability ◽  
Ex Post ◽  
Oil And Gas Firms ◽  
Corporate Social

Aims: The study examined the effect of corporate social responsibility on financial sustainability  of quoted oil and gas firms in Nigeria. Study Design: The research work adopted for the study ex-post facto research design. Secondary data spanning 2009 to 2020 was sourced and collated from financial statement of oil and gas firms annual report in Nigeria and Nigeria Stock Exchange factbook. Place of Study: Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. Methodology: The data was analyzed employing the Pearson coefficient correlation and least square regression technique. Results: The study revealed that corporate social responsibility has a significant positive effect on net profit margin and return on asset of quoted oil and gas firms in Nigeria at 5% level of significance. Conclusion: Given the integral role the Oil and Gas sector plays in Nigeria, this paper showed the importance of corporate social responsibility in ensuring the financial sustainability of corporations in the Nigerian Oil and Gas industry.

scholarly journals Financial Leverage and Dividend Policy: Evidence from Oil and Gas Firms in Nigeria

2020 ◽  
pp. 51-62
Author(s):  
Orajekwe, Jerry Chukwuebuka ◽  
Okegbe, Theophilus Okonkwo
Keyword(s):  
Significant Relationship ◽  
Dividend Policy ◽  
Oil And Gas ◽  
Research Work ◽  
Oil And Gas Industry ◽  
Least Square ◽  
Financial Leverage ◽  
Dividend Payout ◽  
Ex Post ◽  
Oil And Gas Firms

Aims: The study examined the relationship existing between financial leverage and the dividend policy of quoted oil and gas firms in Nigeria. Study Design: The research work adopted for the study ex-post facto research design. Secondary data spanning 2011 to 2018 was sourced and collated from annual reports and accounts of oil and gas firms in Nigeria and Nigeria Stock Exchange factbook. Place of Study: Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. Methodology: The data was analyzed employing descriptive statistics and the least square regression technique. Results: The study revealed that a significant relationship exists between long term debt and dividend payout ratio; total debt and dividend payout ratio while no significant relationship exists between short term debt and dividend payout ratio of quoted oil and gas firms in Nigeria Conclusion: Given the integral role the Oil and Gas sector plays in Nigeria, this paper showed the centrality of the capital structure and dividend policy in ensuring the stability of corporations in the Nigerian Oil and Gas industry.

scholarly journals Public and Private Sector Environmental Reporting

2017 ◽  
pp. 231
Author(s):  
Verónica Paula Lima Ribeiro ◽  
Sónia Maria da Silva Monteiro
Keyword(s):  
Private Sector ◽  
Information Disclosure ◽  
Ad Hoc ◽  
Environmental Information ◽  
Environmental Accounting ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Environmental Disclosure ◽  
Public And Private ◽  
Public And Private Sector

The organisation's interest in producing an image of commitment towards the environment has motivated the development of new informational needs by the different stakeholders. Their satisfaction requires that the organization's traditional information systems change. This happens in both public and private organizations, in order to generate environmental information, not only for management purposes, but also for external disclosure. In this sense, the contents and display of the information produced by these systems must also adapt, receiving new information besides the traditional one [for example, the annual reports], including the ad hoc information, environmental report and/or sustainability report. The literature highlights that there is no consensual opinion among researchers about mandatory or voluntary reporting. In the private sector, the accounting regulations of environmental issues, specifically in what concerns the environmental information disclosure in the annual reports, presents a certain degree of development, with several initiatives, both national and international, concerning the approval of an environmental accounting standard. Nevertheless, in the public sector, the delay of specific accounting standards concerning environmental information has led public entities not to submit suitable information about their environmental management. The aim of this paper is to present the state of the art, both in public and private sector contexts, according to national and international legislation, in the annual reports or separately. A further objective, in addition, is to present a short reflection on the subject of mandatory and voluntary environmental disclosure.

Survive, Revive, Thrive: Chapter 7: Dead in the Water

2021 ◽  
Vol 73 (04) ◽  
pp. 6-8
Author(s):  
Tom Blasingame
Keyword(s):  
Oil And Gas ◽  
Food Service ◽  
Time Frame ◽  
Job Seeking ◽  
American President ◽  
Extreme Risk ◽  
Time Of Year ◽  
To Come ◽  
Direct Guidance ◽  
Oil And Gas Firms

Prosperity tries the fortunate, adversity the great. - Rose Kennedy, American author, 1890-1995 (Mother of US President John F. Kennedy) If There’s No Wind, Then Row, Swim, or Build an Engine Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence. - George Washington, American president, 1732-1799 Warning to readers: Direct guidance ahead. In the past month, I have spoken formally to more than 10 groups as SPE President, and probably another five groups informally, as just Tom. In each instance, the current situation for students seeking employment is, well, dead in the water. This is typically a tough time of year as companies make their commitments in the September-November time frame and tend to reengage in the March-May time frame for positions that were not filled or perhaps for new positions that were recently created. Typically is the operative word here. Late 2020 and early 2021 are anything but typical, and students seeking internships and permanent employment are being challenged like no other time in the history of our industry. So what does one do? I have broken this down as follows: Row. “Rowing” is a metaphor for knowing what works and enduring the monotonous and back-breaking effort to create and maintain momentum in the job-seeking process; make getting a job your job. Leave no stone unturned and go to where the jobs are. Don’t wait for the jobs to come to you. I am sure that some reading this will say, “This is the old lecture about exercise making you stronger.” While that is true, it is also about the raw discipline of knowing what must be done and doing it. Rowing is slow and tedious. But rowing works. Swim. “Swimming” is a metaphor for survival. If all else fails, take whatever job you can find: pumper, roughneck, roustabout, pipeline engineer, water resources engineer, environmental engineer, etc. Being willing and able to take a job no one else will take sets you apart. It creates an innate sense of survival and gives a person the discipline to succeed no matter the challenge. Many successful petroleum engineers started in something else, while many people who wanted to be petroleum engineers found success in fields they would never have considered such as municipal utilities, food service, and even the medical field. Success is survival; in the end, all of us can learn to swim. Build an Engine. This is where YOU build the engine to power YOUR vision. For some, this could be more education or an alternate career pathway (e.g., teaching or governmental service/employment). For others, driven by their vision of a technical or process “gap,” they might create a software firm or other service firm. Although extremely risky for those with little or no experience, students/recent graduates and young professionals (YPs) can also create their own oil and gas firms. In fact, I have had former students do all of these. Building your own engine is extremely difficult, and it absolutely must be driven by a passion for innovating and creating. One must also be acutely aware of the risks. In simple terms, this is an extreme risk/reward scenario, but those who have a vision can and will succeed.

The oil and gas industry: finding the right stance in the energy transition sweepstakes

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Julia Hartmann ◽  
Andrew Inkpen ◽  
Kannan Ramaswamy
Keyword(s):  
Renewable Energy ◽  
Research Method ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Energy Transition ◽  
Oil And Gas Industry ◽  
Annual Reports ◽  
Content Type ◽  
Innovative Research ◽  
Oil And Gas Firms

Purpose The long-term energy transition from fossil fuels to renewable energy challenges the future of oil and gas firms. The purpose of this paper is to explore how the world’s largest oil and gas firms’ strategies are responding to the transition. Design/methodology/approach The authors used content analysis of annual reports to examine the renewable strategies of the world’s largest publicly traded oil and gas companies. Data were analyzed using two complementary statistical methodologies to build a taxonomy of the patterns in strategic behaviors involving renewable energy. Findings Five transition archetypes are identified – three reflect an active pursuit of renewable energy, whereas the other two are more defensive in posture. The authors also find that the firm’s country context has an important bearing on renewable strategy. Both normative social pressures and regulatory pressures play key roles in influencing a firm’s commitment to a renewables’ strategy. Research limitations/implications Using an innovative research method, we develop a new taxonomy to classify how the world’s largest oil and gas firms are shaping the transition from fossil fuels to renewable energy.. Originality/value Using an innovative research method, the authors developed a new taxonomy to classify how the world’s largest oil and gas firms are shaping the transition from fossil fuels to renewable energy.

An Empirical Investigation of the Extent of Corporate Financial Disclosure in the Oil and Gas Industry

1993 ◽  
Vol 8 (3) ◽  
pp. 249-273 ◽  
Author(s):  
David Malone ◽  
Clarence Fries ◽  
Thomas Jones
Keyword(s):  
Oil And Gas ◽  
Investment Decision ◽  
Research Question ◽  
Oil And Gas Industry ◽  
Financial Disclosure ◽  
Annual Reports ◽  
Parameter Estimates ◽  
Gas Industry ◽  
Final Model ◽  
Oil And Gas Firms

The principal research question addressed by the study was: Are there identifiable and measurable factors that are associated with the extent to which firms in the oil and gas industry disclose financial information? Extent of financial disclosure was measured by using a weighted index of disclosure items. The 10-K and annual reports of 125 oil and gas firms were examined in order to identify various financial disclosures provided by each firm. This set of disclosures was weighted by oil and gas financial analysts according to the importance of each disclosure in an investment decision. The items of information provided by an individual firm were then applied to the index. The dependent variable, extent of financial disclosure, was the ratio of a firm's total disclosure score to the firm's total possible disclosure. A stepwise regression model was used to determine which variables were “best” in explaining extent of financial disclosure. Of the ten independent variables entered, four were retained in the final model at the .20 level of significance: exchange listing status, audit firm size, ratio of debt to total equity, and number of shareholders. The final model was examined for the significance of parameter estimates. Three variables—listing status, ratio of debt to total equity, and number of shareholders—were determined to be statistically significant.

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