EBERE, NELSON CHUKWUDI,
Faculty of Management Sciences, Imo State University, Owerri
Corresponding Author’s email:maryanezeigbo@gmail.com
Abstract
This study evaluated the impact of environmental accounting on corporate performance with particular reference to selected oil companies quoted on the Nigeria stock exchange (NSE). To achieve this the impacts of environmental human capital development cost (EHCDC) environmental waste pollution and safety cost (EWPSC) environmental Community development cost ECDC on Corporate performance were examined from which relevant hypothesis were formulated. The study used secondary data extracts from the annual report and accounts of the three selected oil companies, namely Mrs Oil Nigeria Plc. Oando Oil Nigeria Plc, and Eternal oil Nigeria plc. The formulated hypothesis were tested using multiple linear regression models with the aid of SPSS version 21. Following the series of empirical tests conducted, it was found that environment accounting and performance has a great impact oil and gas production companies. Based on the findings, the following recommendations amongst others are made: Government should mandate companies to compulsorily report environmental costs in their annual financial reports since most organization hardly report their environmental activities in their annual audited financial report. Government agencies should give tax credit to organizations that comply with the environmental laws of the land which will-encourage companies to be environmental responsive and proactive. Directors/CEOs of oil companies should ensure that their entities comply with the environmental laws of our country.